All articles by Bob McGee – Page 5
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ArticleCanada Goose generates robust Asia-Pacific sales in Q1
Despite a challenging first quarter with a decline in wholesale, the Canadian company achieved overall sales growth of 4%, driven by strong demand in the Asia-Pacific region for its SS24 collection.
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News briefsBasicNet’s H1 Ebitda falls by 22 percent
The Italian group ended the first six months with €-93.1 million and forecasts H2 results to be flat year over year.
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ArticleFitness, automotive segments drive Q2 sales at Garmin
Garmin adjusted its FY guidance after reporting operating income growth of 20 percent on a 14 percent total revenue expansion in Q2.
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ArticleAdidas’ results in step with earlier guidance
The preliminary Q2 results published in mid-July were confirmed with the official figures: The group posted sales growth of 8.9% to €5.82 billion.
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ArticleBrooks Running rebounds in EMEA
The Seattle-based company recorded sales growth of 4 percent in the second quarter and achieved record global sales with an increase of 15 percent compared to the same quarter of the previous year.
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ArticleGrupo SBF turns a profit in Q2, improves key figures
The Brazilian group hit historical net revenue, gross income, Ebitda and net income for the period ended June 30.
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ArticleEMEA paces Skechers’ sales growth in Q2
Skechers sets a new sales record in Q2 with growth in both wholesale and DTC around the world.
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ArticleAnother strong quarter for Deckers as Powers’ era ends
Deckers raises its forecast for FY25 after double-digit sales gains for both its Hoka and Ugg brands.
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ArticleColumbia reports Q2 loss, but brand awareness rises in Europe
Columbia Sportswear’s guidance for the full year remains unchanged despite a loss in the second quarter.
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ArticleDTC drives Moncler revenues in H1
Moncler generated a 24 percent increase in H1 net profit to €180.7 million from €145.4 million as Ebit rose by almost 19 percent to €258.7 million.
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ArticlePolygiene’s cost-cutting measures take effect
Polygiene turned an operating profit of SEK 2.6 million against a loss of SEK 4.0 million in Q2, as cost-cutting measures and strategic changes made last year began to take effect.
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News briefsPerfect Moment lowers annual operating loss
British luxury skiwear and lifestyle brand Perfect Moment lowered its annual operating loss by 11 percent to $7.7 million for the 12 months ended March 31.
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ArticleFrasers calls FY24 ‘a breakout year’ for future growth
Frasers Group, citing its strengthened brand partnerships and the ongoing execution of its “Elevation Strategy,” is eying £575–£625 million in annual adjusted profit before tax for the current fiscal year ending in April 2025.
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News briefsAsics lifts guidance, reports strong first half
Bolstered by double-digit sales growth across all global regions in Q2, Asics Corp. raised its full-year guidance late last week. The Japanese group is now forecasting 11.9 percent annual revenue growth to ¥660,000 million (€3.82bn) and a 64 percent increase in operating income to ¥95,000 million (€550.1m) for the 12 ...
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ArticleNike will aim to recapture mojo with innovation as it lowers FY25 outlook
Nike shares tumbled to their lowest level in 636 days to $82.66 in after-hours trading last evening after the company reported a 2 percent drop in Q4 revenues and flat sales in FY24 ended May 31. Ahead of the group’s earnings announcement, which included a downward revision to its FY25 ...
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AnalysisAnalysis: The top sporting goods industry performers by sales and profits in Q1 2024
Year-over-year RoS improved for Footwear and Diversified/Retail but declined in both Apparel and Equipment in Q1/24. Find out more in our latest scorecard.
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ArticleRip Curl showing positive DTC growth in northern hemisphere
Rip Curl, despite a “challenging consumer environment,” has generated positive year-over-year, single-digit sales growth in the direct-to-consumer channel in Europe and the US ahead of the peak weeks during the summer season. The brand’s wholesale customers, meanwhile, continue to reduce their inventory levels. Parent KMD Brands said Rip Curl’s global ...
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AnalysisAnalysis: The top sporting goods industry performers by sales and profits in 2023
Annual profitability fell by 10.4 percent in 2023, with a decline in annual revenues of almost 3 percent. Find out more in our latest scorecard.
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ArticleZumiez sees improving trends, another loss in Q1
US retail group Zumiez, which operates 86 Blue Tomato doors across the EU, narrowed its Q1 operating loss and realized improving sales and merchandise margin trends. “Our Q1 results are a further indication that we are progressing towards positive comparable sales and improved profitability,” Zumiez CEO Rick Brooks said. ...
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AnalysisAnalysis: The latest inventory levels in the Sporting Goods Industry, Q1 2024
Our latest analysis dives into inventory, covering levels at 29 leading sporting goods companies for the period that ended closest to March 31.
