Financial Results – Page 60
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ArticleRapala bounced back in H2
The Finnish manufacturer of fishing lures had a difficult start in 2020, ending the first six months with a net loss of €3.8 million due to the impact of lockdowns. But in the second half, business conditions picked up for Rapala VMC, as fishing gained popularity as an activity that ...
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Article
Callaway records higher losses but sales soar
Callaway Golf Co. saw its net loss in the fiscal fourth quarter deepen to $40.6 million, compared with a loss of $29.2 million last year. However, sales surged by 20.2 percent to $374.6 million, led by strong demand in the golf equipment segment and a quicker-than-expected recovery in the softgoods ...
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ArticleRobust sales and earnings for Thule
The Swedish-based Thule Group saw its sales soar by 32.6 percent in the fourth quarter of 2020 to 1,605 million Swedish kronor (€159.3m-$193.2m), and they were up 44.6 percent in constant currencies. Net income jumped to SEK 164 million (€16.3m-$19.7m) from SEK 30 million for the fourth quarter of 2019. ...
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Article
Better-than-expected sales for Champion’s parent company
Hanesbrands, the parent company of Champion USA, saw its revenues for the fourth quarter grow by 2.9 percent to $1.8 billion, led by Champion. The revenues were well ahead of Wall Street’s consensus of $1.6 billion and caused the share price to surge by 25 percent. However, the company ended ...
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Article
Peloton jumps further, plans a bond issue of up to $1 billion
After reporting on another profitable quarter in which its revenues topped the $1 billion threshold, Peloton Interactive announced the launch of a convertible bond issue that may total $1 billion through a private placement intended to reduce any dilution of the shareholders’ current holdings. It will consist of an initial ...
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Article
Brooks grew by 27% in 2020
Sales went up by 27 percent to nearly $850 million at Brooks Running last year, leading the American company to win market shares thanks to consumer insights gained through its Run-Sight Lab and the quick deployment of a multi-channel sales and marketing strategy. The consumer research helped the brand to ...
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ArticleHoka’s 52.1% increase helps lift Deckers’ sales
Deckers Brands’ sales surged in the third financial quarter ended Dec. 31, 2020, boosted by demand for Ugg and the continued global expansion of Hoka One One. Despite headwinds from Covid-19, the group’s sales progressed by 14.8 percent from the same period last year to a record $1,078 million, with ...
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Article
GoPro’s Q4 revenues miss estimates, but subscriber numbers soar
GoPro posted weaker-than-expected fourth-quarter revenue as Covid infections and tighter restrictions hit Christmas sales, but it remained upbeat over plans to become a subscription-based direct-to-consumer (DTC) operation. The action camera maker reported revenues of $358 million in the three months to Dec. 31, down 32 percent from a year earlier ...
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ArticleE-commerce and wholesale offset store closures at Skechers
Skechers’ sales in the fourth quarter decreased by 0.5 percent year-on-year to $1,324 million. The results were supported by a 143 percent surge in U.S. digital sales, after the group rolled out a ”Buy online pickup in store” (BOPIS) service in time for the holiday season. Net income fell by ...
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ArticleE-commerce and wholesale lift Canada Goose
Robust online sales globally returned Canada Goose to growth in its third fiscal quarter. Revenues for the three months ended Dec. 27, 2020, progressed by 5.0 percent to 474.0 million Canadian dollars (€309.5m-$363.8m). E-commerce was a bright spot, surging by 39.3 percent, which partly offset store closures of 30 to ...
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ArticleColumbia expects a more normal 2021
Columbia Sportswear performed better than expected in the fourth quarter of 2020 and predicted that its results would return to 2019 levels in 2021. It exited the quarter with $791.9 million in cash and short-term investments, no bank borrowings and nearly $1 billion in total liquidity. It has refinanced its ...
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ArticleXXL posts sharply improved results
XXL ASA improved its performance in the fourth quarter of 2020, posting a growth in total revenues of 10.91 percent to 2,572 million Norwegian kroner (€250,203-$301,140). The progress was led by the domestic Norwegian market and helped by an increase of 57 percent in e-commerce, which came to represent 25 ...
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Article
Footway’s new online platform has teething problems
Last April’s acquisition of Sportamore and the Swedish group’s growing internationalization expanded the number of visitors and customers on its numerous websites across Europe, but reduced its profitability last year. With the inclusion of Sportamore for the last two months of 2020, the Swedish online shoe retailer reported a jump ...
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News briefs
Technogym targets €1 billion in sales in the medium term
Technogym’s CEO, Nerio Alessandri, said that the company could reach the milestone of €1 billion in sales in the medium term, including €300 million from Home Fitness. Alessandri spoke on the occasion of the launch of Technogym MyRun, a new treadmill for home use. The company’s sales of home fitness ...
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Article
Europe helps drive VF’s momentum
After posting a loss for the first quarter of its financial year, ended June 30, VF Corp. bounced back in the second quarter, and the third fiscal quarter ended Dec. 31 confirmed this recovery, driven by Europe and China. The good progress, which was attributed to in part to investments ...
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News briefs
Strong growth for Storck Bicycle
Storck Bicycle, a German bicycle manufacturer that celebrated its 25th anniversary last year, says it is satisfied with its performance in the past fiscal year and expects the current growth curve to continue. One of the reasons for the good performance was the fact that the company’s founder, Markus Storck, ...
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News briefs
Chinese sports brands see better Q4
We have already reported on the preliminary results of Anta Sports Products for the fourth quarter of 2020, which showed a significant recovery in retail sales for its flagship Anta brand and stronger growth for Fila and the other brands in its portfolio, namely Descente, Kolon Sport, Sprandi, and Kingkow. ...
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News briefs
Record sales for Polygiene
In a business update, Polygiene said its sales for the fourth quarter soared by 41.4 percent to a record 26.9 million Swedish kronor (€2.7m-$3.2m) in the fourth quarter of 2020. The company added that Addmaster, its newly acquired British subsidiary, had even stronger growth. Sales to Polygiene excluded, Addmaster’s revenues ...
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News briefs
Superdry in the red
Superdry recorded an underlying pre-tax loss of £10.2 million (€11.5m-$13.9m) in the 26 weeks to Oct. 24, compared with a £2.3 million loss for the year-ago period. Revenues dropped by 23.4 percent to £282.7 million (€317.6m-$384.9m), weighed down by the impact of the Covid-19 pandemic, as restrictions and lockdowns led ...
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Article
Stella’s revenues down by 19%
Stella International continued to struggle in the fourth quarter, ending a difficult year for the Chinese footwear company. Shipment volumes for the last three months of 2020 were down by 21.7 percent from the year-ago quarter to 10.8 million pairs, while total revenues plunged by 18.9 percent to $280.1 million, ...
