Financial Results – Page 49
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ArticleCrocs posts an Ebit margin of over 32% on 73% higher sales
Performing better than what analysts had estimated, Crocs reported a sales increase of 73.0 percent in the third quarter to a record level of $625.9 million, with a gain of 72.2 percent on a constant-currency basis. The company posted an exceptionally high operating margin of 32.2 percent, up from 19.9 ...
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News briefs
Xtep grew at a mid-teens rate in Q3
Xtep International reported growth in the mid-teens for the third quarter of 2021 through all the channels as compared to the same period a year ago; when the Chinese company’s growth was limited to a mid-single-digit rate. Retail discounts averaged 20 to 25 percent and the retail turnover stood at ...
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ArticleClarus sees sales growing by 62% this year
Clarus Corp., the Utah-based parent company of Black Diamond and Pieps, said it expects to report a sales increase of 66 to 67 percent up to $107-$108 million for the third quarter ended Sept. 30, with a strong momentum across all brands. Black Diamond’s sales are expected to have increased ...
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News briefs
Anta reports gains at different speeds for the brands in its portfolio
Anta Sports Products reports that the growth in retail sales of its core Anta brand accelerated to a low-teens rate in the third quarter as compared to the single-digit increase posted in the same period a year ago, leading to growth in the mid-teens as compared to the third quarter ...
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Article
Boohoo launches a marketplace for fashion and sports goods
The Boohoo Group, the British fast-fashion online retailer that bought the brand name and the e-commerce operations of the Debenhams department store chain in January, is using it now to launch what it claims will be the biggest national online marketplace for sporting goods as well as fashion, cosmetics and ...
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ArticleTechnogym teams up with Dior
In its first move of the kind to support its upmarket image, Technogym has partnered with the creative team at the Christian Dior fashion house to develop an exclusive, limited-edition line of home fitness products. The stylish, black and white line includes a treadmill, a multi-function bench and a wellness ...
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News briefsPittards returns to profits as sales recovery gathers momentum
Pittards, a British leather and leathergoods manufacturer that is a major supplier to the sporting goods industry, returned to profit in the first half and said there are “clear signs” that a recovery from the Covid-19 pandemic was gathering momentum, with orders at their highest level in two years. Pre-tax ...
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ArticleANWR Group’s 2020 revenues were stable, sports up slightly
The ANWR Group, whose holdings include the German branch of Sport 2000, weathered out the Covid-19 pandemic to end 2020 with a 0.2 percent increase in total revenues to €17.8 billion. Last year posed a tough challenge to ANWR, but the group was able to withstand the crisis thanks to ...
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Article
Airesis’ H1 revenues soar by 86%, losses narrow
Airesis, the Swiss holding company that controls Le Coq Sportif and Movement Skis, saw its net loss in the first half ended June 30 narrow to 9.4 million Swiss francs (€8.7m-$10.2m) from CHF 18.5 million the year earlier. Consolidated revenues jumped by 86 percent to CHF 59.9 million (€55.3m-$64.9m), as ...
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News briefs
Himaraya turns around
Himaraya reported an overall sales increase of 8 percent to 62.13 billion yen (€480m-$582m) for the financial year ended Aug. 31, but the momentum is fading away, and the Japanese sporting goods retailer is projecting a decline to ¥59.50 billion (€460m-$530m) for the current year. The company posted net income ...
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ArticleNike cuts guidance as supply chain woes worsen in Q1
The Nike group cut its guidance for fiscal year 2022 despite strong consumer demand, as it warned of inventory shortages over the next few quarters in the face of continuing supply chain headwinds that already took their toll on its sales performance in the first quarter ended Aug. 31. Nike’s ...
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News briefs
Sport 2000's summer business rose by 11% in Austria
Sport 2000 Austria reports a sales increase of about 11 percent for its affiliated retailers between May and August, compared with the previous year. The growth is mainly attributed to the addition of new members and the ongoing demand by Austrians as well as foreign tourists for high-quality bike, outdoor ...
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News briefs
J.Lindeberg sees light at the end of the tunnel
J.Lindeberg has indicated that it anticipates a financial turnaround in 2021, after posting losses of more than 90 million Swedish kronor (€8.9m-$10.4m) in 2019 and SEK 20 million (€1.9m-$2.3m) in 2020. Sales are expected to grow by SEK 50 million (€4.9m-$5.8m) as compared to last year, driven by an increase ...
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ArticleRip Curl helps Kathmandu’s sales to rise by 15%, but outlook is uncertain
Kathmandu Holdings said in a preliminary annual report that its sales increase by 15.1 percent to 922.8 million New Zealand dollars (€551.4m-$646.6m) in the full year ended July 31, 2021, as its Rip Curl and Oboz brands benefitted from a boom in surfing and higher participation in hiking, respectively. Instead, ...
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News briefs
Superdry sees slow recovery
In an update for the four months of its current financial year through Aug. 18, Superdry said that its revenues were up by just 1.9 percent from the year-ago period, and they were still 29.6 percent below the level of the comparable 2019 period. Sales through the company’s own stores ...
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News briefs
Slinger books a loss on 349% higher sales
Slinger Bag, which has been renamed as just Slinger following its diversification into tennis management and the planned release of AI-driven training technology, has reported a net loss of $3,435,312 for the first quarter ended July 31, up sharply from a loss of $1,374,026 in the year-ago period. Sales jumped ...
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News briefs
Camera subscriptions boost GoPro’s sales and margins
GoPro told investors at the Citi’s Global Technology Virtual Conference that it still hopes to meet projected revenue growth of 30 percent for the second half of this year, although the supply of components still poses a challenge. The growth is coming especially from a shift to direct-to-consumer sales, with ...
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ArticleCrocs wants to triple sales in five years
Crocs said it is targeting an operating margin of at least 26 percent on annual sales of $5 billion by 2026, with 50 percent of the turnover or more due to be generated through digital channels. This would compare with an adjusted operating margin of 18.9 percent in 2020 on ...
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JD raises FY guidance after record-setting H1 profits
JD Sports Fashion reported a profit before exceptional items and taxes of 439.5 million pounds (€515.1m-$608.8m) for the first half ended July 31, up sharply from £61.9 million in the same period a year ago, as acquisitions, the U.S. government’s stimulus package and pent-up demand allowed it to rebound strongly ...
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ArticleZumiez performs better than before Covid
Zumiez has been performing well, in spite of ongoing retail lockdowns in Europe and Australia. The American action sports retailer, whose holdings include Blue Tomato in Europe and Fast Company in Australia, reported a sales increase of 7.3 percent to $268.7 million for second quarter ended July 31. The turnover ...
