Financial Results – Page 52
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ArticleNautilus’ sales jump 62%, but chip shortage looms
Nautilus, which recently moved the end of its fiscal year to March 31, reported sales of $184.6 million in the first quarter ended June 30, up by 61.7 percent on the year earlier, as sales growth was driven by continued demand for connected fitness bikes and treadmills and “robust” sales ...
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ArticleCallaway’s sales are boosted by Topgolf and a strong golf market
Thanks in part to the addition for the first time of Topgolf, whose revenues nearly doubled, the revenues of Callaway Golf surged by 208 percent to $914 million in the second quarter ended June 30 as compared to a year earlier, when Covid-19 restrictions and shutdowns had a significant impact. ...
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ArticleDiving turns around at Johnson Outdoors
Johnson Outdoors reported a rise in third-quarter sales and profits, driven by a continued recovery in fishing, camping and water recreation. At the same time, diving showed signs of a turnaround as Covid-19 travel restrictions were further eased. The diving segment’s revenues almost doubled from a year ago, rising ...
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Article
Champion grows by 120%
Hanesbrands has reported a drop in net income to $128.7 million for the second quarter ended July 3 from $161.2 million in the year-ago period, largely due to charges of $43.8 million related to the divestiture of its European Innerwear business. On an adjusted basis, income from continuing operation rose ...
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ArticleIntersport grows by 32.2% in Q2
The Intersport banner enjoyed a strong recovery in the second quarter on a global basis. Intersport International Corp. reports a 32.2 percent overall increase in the retail members’ sales during the second quarter of 2021, achieving an almost similar level as in the second quarter of 2019. The strong growth ...
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Article
Acushnet’s Q2 sales soar by 108%
Acushnet Holdings reported sales of $624.9 million in the second year, up by a reported 108.3 percent on the year earlier and 99.9 percent higher in constant-currency terms, as the company racked up another “terrific” quarter and outpaced its guidance of a 70 to 80 percent rise in its top ...
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Article
GoPro posts 86% revenue growth in Q2, with sales up in all regions
GoPro saw revenues increase by 86 percent to $250 million in the second quarter ended June 30, up from $134 million in the second quarter of 2020. The number of GoPro subscribers jumped by 211 percent to 1,160,000, and the company expects to exceed 1.7 million subscribers by the end ...
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Article
Sports Direct’s parent sees sales fall, new Covid restrictions likely
Frasers Group – the parent company of Sports Direct and other retail chains – reported mixed results as sales declined in all its segments except Premium Lifestyle for the fiscal year ended April 25, noting that it was marked by about six months of temporary closures for virtually all its ...
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ArticleAdidas takes hit in China but raises guidance after a strong Q2
Adidas raised its guidance for full-year sales and earnings as revenue growth continued to accelerate in the second quarter despite the impact of Covid-19 lockdowns in the Asia-Pacific region, industry-wide supply chain challenges and the geopolitical situation. The more optimistic view came even though the company’s sales in China took ...
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Article
Zalando posts strong double-digit sales growth in Q2
Zalando posted group revenues of €2,733.1 million in the second quarter, up by 34 percent from the second quarter of 2020. The gross merchandise value (GMV) jumped by 40 percent to €3.8 billion. GMV is the value of all merchandise sold to customers after cancellations and returns and including VAT. ...
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ArticleAlibaba’s revenues rise by 34% but miss expectations
The Alibaba Group posted revenues of 205.7 billion yuan renmimbi (€26.9bn-$31.9bn) in the first quarter of its financial year, ended June 30, an increase of 34 percent on the year earlier but below analyst expectations of a top line of at least RMB 209 billion (€27.3bn-$32.3bn) and lower than the ...
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Article
Amazon’s sales growth is slowing down
Amazon posted net sales of $113.1 billion in the second quarter ended June 30, representing a 27 percent increase as compared to the prior-year quarter - a significant slowdown from the second quarter of 2020, when sales jumped by 40 percent. Excluding a $2.5 billion favorable impact from changes in ...
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News briefs
TAF in line for sales of $500m this year
Announcing the closing of the transaction for the planned sale of The Athlete’s Foot to the Arklyz Group, Intersport International Corp. says the lifestyle footwear chain’s franchisees around the world raised its sales by more than 40 percent in the first half of this year. Param Singh, owner and CEO ...
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ArticleUnder Armour raises guidance again after a better-than-expected Q2
Under Armour raised its previous guidance for the full financial year while reporting better-than-expected results for the second quarter. Sales increased by 91 percent from the year-earlier quarter to $1,352 million, comfortably exceeding an analyst consensus for a top line of about $1,200 million. They were up by 85 percent ...
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ArticleClarus raises guidance as Q2 sales growth accelerates
Clarus Corp., the Utah-based parent company of Black Diamond and Pieps, saw its sales growth accelerate in the second quarter of 2021, with its top line increasing by 144 percent from the year earlier, when the impact of the Covid-19 pandemic was at a peak, reaching $73 million. Favorable consumer ...
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ArticleColumbia lifts guidance after strong Q2, but CEO attacks freight “monopoly”
Columbia Sportswear swung to a second-quarter profit and raised its full-year 2021 forecasts but warned that “escalating” ocean-freight prices and ongoing port congestions were dragging on the annual outlook. The outdoor gear producer reported net income of $40.6 million for the three months to June 30, compared with a loss ...
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ArticleCoDi sees “explosive” growth at Boa Technology
Compass Diversified (CoDi) highlighted the “explosive” growth of the recently acquired Boa Technology in its second quarter ended June 30, cautioning that the brand’s expansion is likely to slow in the second half of the year. Boa, which owns the Boa Fit System for shoe fastening, was acquired by CoDi ...
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ArticleVF raises FY guidance as Q1 sales and profits beat estimates
VF Corp lifted its annual guidance after posting better-than-expected earnings and sales in its first quarter ended June 30 as retail demand for the company’s top brands continued to recover from the impact of the Covid-19 pandemic. Revenues for the three months more than doubled to $2,194 million, compared with ...
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ArticlePuma prioritizes the wholesale channel
As already indicated in a previous profit warning, Puma ended the second quarter of its current fiscal year with a significant increase in sales. Revenue growth was particularly strong in North America, where the brand is gaining shelf space at some wholesale accounts where Nike and other competitors are pulling ...
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ArticleWolverine raises FY outlook again after strong Q2
Wolverine Worldwide raised its guidance for the full year for the second time after achieving strong results in the second quarter ended July 3, led by the record quarterly sales performance by its two largest brands, Merrell and Saucony, on which the group has been investing more than on the ...
