Financial Results – Page 56
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News briefsHelly Hansen maintains sales momentum
In the first quarter ended April 3, Helly Hansen’s revenues increased by 12.2 percent to 136.3 million Canadian dollars (€92.8m-$112.1), growing at rou ghly thesame pace as in the fourth quarter of 2020 despite continuing store closures and restrictions on store operations because of the Covid-19 pandemic. Canadian Tire, which ...
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News briefsE-bikes push Giant to new records in sales and profits
Taiwan’s largest bicycle manufacturer, the Giant Manufacturing Group, reported record revenue and profits in the first quarter. Sales rose by 54.8 percent to 20.62 billion Taiwan dollars (€610.2m-$737.4m), and net profit jumped as much as 170 percent to TWD$1.7 billion (€50.3m-$60.8m). In private label (Cadex, Giant, Liv, Momentum brands), ...
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ArticleStrong Q1 leads Wolverine to raise guidance
Wolverine Worldwide raised its guidance for the full financial year due to better-than-expected e-commerce growth in the first quarter and optimism over Covid-19 vaccine roll-outs. The group’s revenues in the three months to April 3 rose by 16.3 percent to $510.7 million, just about missing estimates of $511.8 million. The ...
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News briefsClarus raises full-year guidance after Q1 sales jump
Clarus Corp, the parent company of Black Diamond, Pieps and Sierra Bullets, raised its sales and profit guidance for the full year after posting revenues of $75.3 million in the first quarter, up by 41 percent on a reported basis and 39 percent higher in constant currencies. Excluding Barnes Bullets, ...
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ArticleE-commerce helps Alpargatas to grow by 33%
Alpargatas, the parent company of Havaianas and Osklen, saw first quarter sales rise by 32.7 percent to 901.3 million Brazilian reais (€137.9m-$165.5m), posting its best first quarter in a decade as growth accelerated both domestically and abroad following the continued easing of Covid-19 lockdown measures. The group is no longer ...
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Article
Vulcabras reports higher sales, lower margins
Vulcabras reported strong sales in the first quarter of 2021, rising for a third consecutive quarter despite the impact on the Brazilian company of the Covid-19 pandemic, which led to the closure of physical retailing in the country at the beginning of March. Due to the lockdowns, a significant part ...
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A 3bn goal for Champion’s sales in 2024
The “Full Potential” roadmap set by Steve Bratspies, who became the CEO of Hanesbrands last summer, calls for Champion to achieve a compound average growth rate (CAGR) of 14 percent in the next three years, taking its annual turnover from about $2 billion this year to $3 billion by 2024. ...
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Home fitness momentum boosts Nautilus' results strongly
Nautilus, which is changing its financial year-end from Dec. 31 to March 31, reported a massive increase in net income to $20.4 million for the three months ended in March from just $2.2 million in the year-ago period, as revenues more than doubled to $206.1 million from $93.7 million. The ...
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Article
Callaway Golf’s sales soar amid Covid recovery
Callaway Golf Co. saw revenues in the first quarter soar by 47.3 percent as compared to the year earlier to $651.6 million, amid “unprecedented” demand for its golf equipment and a faster-than-expected recovery from the Covid-19 pandemic for Jack Wolfskin and the rest of its s oftgoods businesses and the ...
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News briefsBike boom pushes Q1 sales at Dorel
Dorel Industries said revenues at its sports segment increased for the eighth consecutive quarter in the three months ended March 31, rising by 43.6 percent in reported U.S. dollars to $270 million, and by 41.5 percent in local currencies, driven by the growing global demand for bikes. The second quarter ...
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ArticlePolygiene eyes China while sales soar by 141%
Polygiene, the Swedish-based provider of antimicrobial solutions, saw sales jump by 141.4 percent to 42.0 million Swedish kronor (€4.2m-$5.1m) in the first quarter of 2021, boosted by continued demand for its ViralOff antimicrobial treatment during the Covid-19 pandemic and the addition of Addmaster Holdings, a global supplier of antibacterial additives ...
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ArticleLockdown living drives demand for Johnson Outdoors in Q2
Continued demand for outdoor recreation products from people stuck indoors during the Covid pandemic helped Johnson Outdoors to report a surge in second-quarter sales and profits. Total sales rose by 26 percent year-on-year for the period ended on April 2, reaching a level $206.2 million. The group’s gross margin dipped ...
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Acushnet tees off new year with sales surge in Q1
Acushnet Holdings reported a 42 percent jump in first-quarter revenues, boosted by strong demand for its Titleist and FootJoy products as golfers returned to the fairways after Covid lockdowns. Kjus, too, enjoyed some growth in the quarter as gains in golf and lifestyle offset a decline in skiwear. In the ...
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Article
High-end cameras and subscriptions pull up GoPro
GoPro said its revenues surged by 71 percent to $204 million in the first quarter to March 31 on the back of increasing demand for its higher-end cameras and a rise in customers’ subscriptions. The company reported a net loss of $10.2 million for the period, down sharply from a ...
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Peloton reports 141% higher sales, sees a $165m hit from product recall
Just after announcing a recall of its connected home treadmills, Peloton Interactive reported better-than-expected sales and a smaller net loss for the third quarter ended March 31 as the demand for its stationary bikes, which represent the bulk of its business, remained strong and the company was successful in speeding ...
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News briefs
Superdry resumes revenue growth
Superdry saw revenues inch up by 0.8 percent to £118.4 million (€136.2m-$164.2m) in the fourth quarter ended April 24, after being severely hit by Covid-19 pandemic restrictions and lockdowns earlier in the financial year. “The early signs following the reopening of our UK stores are encouraging, as lockdown restrictions start ...
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ArticleUnder Armour raises FY guidance after a 35% sales hike in Q1
Under Armour raised its full-year guidance for sales and profits after reporting better-than-expected results in the first quarter, as its business continues to rebound from Covid-19 shutdowns and a restructuring plan launched last year is bearing fruits. The brand said it now anticipates that its revenues will rise in 2020 ...
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ArticleColumbia raises guidance after a good Q1
Columbia Sportswear performed better than expected in the first quarter, despite port congestion problems in North America. Net income reached $55.9 million, jumping from $213,000 in the year-ago quarter, when the pandemic first hit the company. Revenues gained 10 percent to $625.6 million, including a 20 percent rise in DTC ...
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News briefs
Mips grows by 55% in the sport segment
The ongoing bike boom helped Mips to raise its total sales by 48 percent to 83 million Swedish kronor (€8.17m-$9.90m) in the first quarter of 2021. The growth was driven by a 55 percent increase to SEK 78 million (€7.71m-$9.31m) in its dominant Sport segment, where the number of clients ...
