Financial Results – Page 44
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ArticleDecathlon Germany reports best year in history
Decathlon Germany has reported the most successful financial year in the company’s 35-year history. Since the first German store opened in Dortmund in 1986, the sporting goods manufacturer and retailer has expanded to 84 stores, two logistics centers and four campus locations for central services with a total of 4,833 ...
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News briefsLuanvi posts double-digit sales increase
Luanvi, the Spanish sportswear manufacturer, posted revenues of €14.5 million in 2021, which represent a 25 percent increase year-on-year. The result also marks an improvement as compared to pre-pandemic levels, the company said. As reported by CMD Sport, the positive trend is continuing in 2022, as the company recorded a ...
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ArticleShimano finished the FY strongly, but slowing down
Shimano’s consolidated revenues went up by 44.6 percent to 546.3 billion yen (€4.14bn-$4.73bn) in the financial year ended Dec. 31, recovering from growth of only 4.1 percent in the previous year. Still, the company is guiding for an increase of only 6.1 percent in 2022. The group’s operating earnings jumped ...
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ArticleNew CEO as Peloton’s wheels are no longer spinning in place
The business of Peloton Interactive took a wild ride that will undoubtedly alter the leading connected fitness brand’s course in the months ahead, possibly resulting in a change of ownership, as previously reported. Under fire from investors such as Blackwells Capital, which issued a detailed 65-page report on the company’s ...
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News briefsAnta Sports and Li Ning shares benefit from the Beijing Games
With the start of the Olympic Games in Beijing, the share prices of Chinese sports companies Anta Sports and Li Ning have risen, each by almost five percent in recent days. Analysts attribute this to a positive mood among the population due to the Games. The value of one Anta ...
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News briefsBodytone may have equaled its record year
According to CMDsport, Bodytone International Group appears to have equaled in 2021 its record annual sales of 2020, which amounted to €28.5 million. And the Spanish producer of fitness equipment is looking forward to an even better 2022. Speaking with CMDsport, one of Bodytone’s two CEOs, Joaquín Marín, projected a ...
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ArticleEntering new markets, Champion could become a $3.2 bn brand
Champion plans to enter new regions, including several key new markets in Eastern Europe and the Middle East, contributing to a new forecast from parent company Hanesbrands that the brand will reach $3.2 billion in annual sales by 2024, above the $3.0 billion target it projected last May. Building upon ...
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ArticleJohnson Outdoors reports strong orders, sales drop due to supply chain issues in Fishing segment
Johnson Outdoors, the U.S.-based owner of several fishing, diving, camping and watercraft brands, including Jetboil, Scubapro, Eureka and Old Town, amongst others, saw sales decrease in the first quarter of its financial year as supply chain disruptions made it difficult to keep up with demand for outdoor recreation products. Total ...
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ArticleGoPro is back in the black, as subscriptions gain traction
The first year of GoPro’s Direct-To-Consumer subscription strategy was a wild success by any measure for the American producer of action cameras. Revenues in 2021 grew 30 percent year-over-year to $1.16 billion as subscriptions rose by 107 percent. The company currently has approximately 1.6 million total subscribers paying $49.99 monthly ...
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ArticleDeckers sees 19-20% growth for its fiscal year
Deckers Brands, the parent company of Ugg, Hokaand other brands, is currently forecasting revenues of $3.03-3.06 billion for the full financial year ending March 31, indicating a growth of between 19 and 20 percent. It expects to book a gross margin of less than 51.5 percent for the year, leading ...
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ArticleSkechers sets sight on metaverse after record 2021
Skechers revealed plans to seek growth opportunities in the metaverse after posting better-than-expected results in the fourth quarter of 2021 and sales records in every quarter of the year. Revenues in the three months ended Dec. 31 increased by 24.4 percent to $1,648 million, topping analysts’ expectations by about $100 ...
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ArticleStrong results for Columbia, driven by DTC
Despite persistent supply chain disruptions that negatively impacted its wholesale revenues, Columbia Sportswear reported impressive fourth-quarter results on the strength of its Direct-To-Consumer and e-commerce businesses and an improvement of 1.6 percentage points in the gross margin to 52.2 percent, as higher freight costs were more than offset by a ...
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C-Suite InterviewMathias Boenke: New Balance sees European sales of €1 bn doubling
New Balance recently predicted that its sales would grow by about 30 percent to $4.5 billion in 2021, which would likely keep it as the sixth largest sports brand in the world. Reaching a new record level, a similar increase was booked last year in Europe, said Mathias Boenke, a ...
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News briefs
Kappa has not been doing well in China
China Dongxiang struggled with the Kappa brand, for which it holds the rights in China, during the third quarter ended Dec. 31. The company indicated that retail revenues at Kappa and Kappa Kids stores in China declined by the mid-teens during the period, and that they were off by a ...
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Article
With new members, Intersport Germany predicts over 5% annual growth
Intersport Germany predicts that its retail members will be able to achieve annual growth of more than 5 percent between now and 2025, with significant double-digit growth online, benefitting from the development of the “360° Intersport ecosystem,” new omni-channel services and the broad rollout of better store formats. The 800-odd ...
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Article
Driven by Europe and China, Asics ups its guidance
Asics has improved its guidance for the past financial year, due to better-than-expected results in the Performance Running and Core Performance Sports categories, as well as in Europe and Greater China. Higher sales and operating results than previously forecast should lead the company to report a net profit of around ...
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Article
Nice Footwear posts positive results despite headwinds
Nice Footwear, an Italian producer of mass and premium sneakers for international brands that went public Nov. 18, announced ”substantially positive” first-half results despite the negative impact of the Covid-19 pandemic and rising shipping costs and duties. In the six month ended Oct. 30, 2021, the Italian footwear group reported ...
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Article
VF Corp. cuts sales guidance after a good quarter
VF Corp. - the owner of brands such as Vans, The North Face and Timberland - cut its sales guidance for the financial year ending in March 2022 to $11.85 billion from a previous $12.0 billion, as it once again lowered the forecast for its Active segment, led by Vans, ...
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Article
ANWR reports higher sales in sports and leathergoods, not at shoe shops
The high degree of diversification across many businesses, industries and regions again helped the ANWR Group in the pandemic. In 2021, the group increased its total business volume by 11 percent to €19.8 billion, and the financing of centralized settlement operations by its DZB Bank and Aktivbank were the main ...
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ArticleSigna Sports United predicts a temporary sales decline, due to supply chain constraints
Signa Sports United (SSU), the world’s leading sports e-tailer, reported a 10 percent increase in total revenues to €247 million in the fourth quarter of its fiscal year, ended Sept. 30, 2021, despite supply constraints for full bicycles, as it continued to benefit from resilient consumer demand across its verticals. ...
