Financial Results – Page 50
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News briefs
Online sales help Björn Borg to book a record Q2
Strong online sales and savings in operating costs launched in 2020 helped Björn Borg to book the best second quarter in the Swedish company’s history. Total net revenues for the three months ended June 30 reached 162.8 million (€16.0m-$18.9m), an increase of 10.0 percent from the year-earlier period. The company’s ...
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News briefs
Callaway and acquired brands perform better than expected
Callaway Golf Company has upgraded its guidance for the third quarter and the full financial year after mitigating some supply issues and registering higher-than-expected results at TravisMatthews, Jack Wolfskin and Topgolf in July and August. The group said it has successfully shifted some production out of Vietnam to avoid Covid-related ...
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Article
Big Chinese sports apparel manufacturer vaccinates its workers
While reporting lower profit margins, Shenzhou International warned that its overall annual production capacity will be reduced by one to two percentage points for every 14 days of anti-pandemic measures being taken. The leading Chinese sportswear manufacturer arranged vaccinations for its workers in Cambodia, allowing them to return to work ...
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News briefs
Symphony Holdings grows by 82%
Symphony Holdings has reported an 82 percent increase in revenues to 221.9 million Hong Kong dollars (€24.1m-$28.6m) for the first half of this year. Branding revenues from Arena products, licenses for Pony and Skins, and the healthcare business jumped by 155 percent to HK109.8 million (€11.9m-$14.1m). Symphony has a joint ...
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News briefs
Golf offsets winter sports at Alpen in Japan
Sales of winter sports products fell by 16 percent to 6,628 million yen (€51.5m-$60.3m) for the financial year ended June 30 at the Alpen Group, one of the major sporting goods retailers in Japan, mainly due to a lack of snow because of a warm winter season. Total revenues increased ...
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News briefs
USWE turns around on higher sales
USWE, the Swedish outdoor and sports brand known for its bounce-free backpacks, reported a jump of 253 percent in net sales to 29.3 million Swedish kronor (€2.86m-$3.37m) for the three months to June 30. It generated an operating profit before depreciation and amortization (Ebitda) of SEK 5.58 million (€0.55m-$0.64m), or ...
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Article
Peloton cuts bike price again, signals growth slowdown after Q4 loss
Peloton Interactive cut the price of its original stationary bike again and signaled that slower growth is on the horizon after posting a hefty net loss in the fourth quarter of its fiscal year. The company reported a net loss of $313.2 million for the quarter ended June 30, against ...
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News briefsPolygiene's sales momentum continues after strong Q2
Polygiene reported sales of 46.9 million Swedish kronor (€4.6m-$5.4m) in Q2, up by 171 percent on the year earlier and accelerating from the already strong 141 percent growth rate seen in the previous quarter, as its top line continued to benefit from the addition of Addmaster Holdings, a global supplier ...
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ArticleStella builds up capacity in Indonesia, sees profit turnaround in H1
The Hong-Kong-based footwear manufacturer and retailer Stella International expects its new factory in Solo, Indonesia, to come on stream in the third quarter of 2021 as the company continues to increase production outside the Chinese mainland. The plant is expected to contribute to overall sales in 2022. Solo will be ...
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News briefsTecnica grew by 27% in H1, performed better than in 2019
Tecnica Group posted revenues of €173.7 million in the first half ended June 30, representing a 27 percent increase as compared to the same period of last year. Ebitda jumped to €17.1 million from €2.7 million in the first half of last year. The net result was a loss of ...
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ArticleBrooks’ growth in Europe should accelerate to 40% in 2021
Brooks Running reported average sales growth of 52 percent in Europe for the first half of 2021 in a press release, forecasting an increase of around 40 percent for the whole year, after a rise of 10 percent in 2020. The main Southern European markets grew significantly faster in the ...
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Article
Xtep reports solid growth for first six months in 2021
Xtep International reported revenue growth of 12.4 percent to 4.13 billion yuan renmimbi (€544m-$639m) in the first half of 2021. The gross margin improved by 1.3 percentage points to 41.8 percent and the net profit grew by 72.0 percent to RMB 426.5 million (€56.1m-$65.9m). The group has completed a multi-faceted ...
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ArticleAnta's sales go up by 55.5%, profits more than double in H1
Anta Sports Products saw revenues jump by 55.5 percent to 22,812 million yuan renminbi (€2,999m-$3,524m) in the six months ended June 30, supported by strong growth in all brands and benefiting from the easing of Covid-19 restrictions. Like other Chinese sports companies, Anta has also seen demand boosted amid government-backed ...
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ArticleSuper Retail Group sees sales up 22%, new lockdowns cause worry
Super Retail Group, the Australian company that owns the Rebel Sport, Boating Camping Fishing (BCF) and Macpac retail chains, generated sales in the fiscal year ended June 26 of 3,453 million Australian dollars (€2,119m-$2,487m), a 22 percent increase on the year-earlier figure and 23 percent higher on a comparable store ...
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News briefsAngling Direct grows by 19.5% despite pandemic disruption
Angling Direct, the British fishing equipment retailer, saw its total revenues increase by 19.5 percent to £38.4 million (€44.8 million) in the six months to July 31, although it was forced to temporarily close all its stores again at the beginning of the year due to Covid-19 restrictions. Revenues rose ...
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Article
Globe’s sales rise 76% as online business, North America lead the way
Globe International, the Australian-based multi-brand skate company, saw sales and profits soar in its fiscal year ended June 30, as it benefited from rapid growth in its online business and its ownership of brands involved in activities that many consumers continued to participate in throughout the Covid-19 pandemic. Sales increased ...
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Article
Margins improve at Foot Locker, while growth softens
Performing better than expected, Foot Locker generated net earnings of $430 million for the second quarter ended July 31, up from net income of $45 million in the same period of 2020 and $60 million in the corresponding quarter of 2019. The progress was partly due to extraordinary gains of ...
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News briefs
El Corte Inglés recovers, cuts off suppliers
El Corte Inglés, which is a major factor in the Spanish sporting goods sector through its department stores, plans to cut down by almost one-half the number of its suppliers under a program that started three years ago, according to El Economista. Meanwhile, the group has been recovering strongly from ...
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News briefs
Globeride performs better than in 2019
Globeride, the Japanese company behind the Daiwa brand of fishing and golf products, saw a more than eightfold increase in its net income to 3,953 million yen (€30.8m-$36.1m) for its first fiscal quarter ended June 30, compared with ¥488 million last year, on a 62 percent jump in revenues to ...
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News briefs
Yonex’ sales nearly double
Yonex turned around to a net profit of 948 million yen (€7.4m-$8.7m) in its first quarter ended June 30 from a loss of ¥1,279 million in the year-ago period as its sales nearly doubled to ¥16,179 million (€126.0m-$147.9m). They almost tripled in Japan and expanded by 61 percent in the ...
