Financial Results – Page 80
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News briefs
Golf rounds played in the U.K. were lower in the...
Golf rounds played in the U.K. were lower in the fourth quarter of 2017 as compared to the same period in 2016. According to the figures exclusively released by Sports Marketing Surveys (SMS), all regions experienced a decline, leading to an average drop of 11.4 percent. These figures were to ...
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News briefs
In a preliminary statement, Wolverine Worldwide said it expects to...
In a preliminary statement, Wolverine Worldwide said it expects to achieve this year its target of a 12 percent adjusted operating margin on a 6 percent increase in underlying revenues, in spite of significant incremental investments of more than $40 million to drive future growth. Its international business is expected ...
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News briefs
Halfords reported a 7.8 percent growth in retail cycling sales...
Halfords reported a 7.8 percent growth in retail cycling sales in the 15-week period ended Jan. 12, despite the difficult U.K. retail environment. The growth was driven by retail sales across all bicycle categories, cycle repair and PACs. Halford Group's overall revenues increased by 3.2 percent in the quarter. The ...
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News briefs
Rapala VMC warns investors that its results for 2017 will...
Rapala VMC warns investors that its results for 2017 will show a sales decline of about 3 percent to €253 million instead of coming out flat as previously expected. On a comparable basis, operating income was down to around €11 million from €19 million in the previous year.
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News briefs
The Austrian Sport 2000 reports growth of around 15 percent...
The Austrian Sport 2000 reports growth of around 15 percent for the winter sports business of its 213 affiliated retailers as compared to the same period a year ago, thanks to the early start of the winter selling season and the demand for higher-quality products. The situation varied from one ...
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News briefs
Himaraya saw its net losses decline to ¥ 48 million...
Himaraya saw its net losses decline to ¥ 48 million (€0.35m-$0.43m) in the first quarter of its fiscal year, ended Nov. 30, from ¥ 295 million in the same period a year earlier. The Japanese sports retailer's revenues fell by 3 percent to ¥ 15.4 billion (€113.5m-$139.3m) during the period, ...
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News briefs
Lululemon's sales were better than expected in the fourth quarter...
Lululemon's sales were better than expected in the fourth quarter of its last financial year, ended on Jan. 28. The management indicated a range of $905 million to $915 million, up from a previous forecast of $885 million, implying growth of 15 percent or more. The management indicates that there ...
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News briefs
Footasylum, the British sports lifestyle that went public in November,...
Footasylum, the British sports lifestyle that went public in November, reported a sales increase of 33.4 percent to £89.8 million (€100.9m-$123.7m) for the 18 weeks to Dec. 30. Increases were recorded in the physical stores and e-commerce as well as at the wholesale level. The number of stores grew by ...
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News briefs
Crocs told investors at a recent conference that it performed...
Crocs told investors at a recent conference that it performed better than expected in the fourth quarter of 2017, thanks to a strong holiday season in the U.S. Sales reached a level of between $180 million and $190 million, with a gross margin of around 45 percent. However, the company ...
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News briefs
Xebio reports a 51.6 percent increase in net income to...
Xebio reports a 51.6 percent increase in net income to 3,724 million yen (€28.2m-$33.2m) for the first half ended Sept. 30. While the total floor space remained flat at 193,098 square meters, the Japanese sporting goods retailer's sales were up by 3.4 percent to ¥116.8 billion (€884.6m-$1,042.3m) during the period, with an ...
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News briefs
Suffering in particular from the increasingly popular bike sharing programs...
Suffering in particular from the increasingly popular bike sharing programs in China, Giant Bicycle reported a one percent drop in revenues to 14.9 billion Taiwan dollars (€420.1m-$495.3m) in the third quarter ended Sept. 30. The company performed better in Europe and the U.S., thanks to new models introduced in July. The ...
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News briefs
Technogym has reported a sales increase of 7.5 percent to...
Technogym has reported a sales increase of 7.5 percent to €413.8 million for the first nine months of this year, with growth of 8.1 percent in local currencies. The strongest growth occurred in the wholesale channel, up by 9.1 percent to €88.8 million. Both Italy and the rest of Europe, ...
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News briefs
Le Coq Sportif is well on its way to deliver...
Le Coq Sportif is well on its way to deliver a double-digit rate increase in sales for the second half and the company is anticipating operating profit for both the second half and the full year. Airesis, the Swiss holding company that owns the majority of Le Coq Sportif's shares, ...
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News briefs
Björn Borg has announced higher sales and operating profit for...
Björn Borg has announced higher sales and operating profit for the quarter ended on Sept. 30. The positive performance was driven by increasing marketing efforts. Lady Gaga also drove interest to the brand when she posted a photo of herself on Instagram wearing Björn Borg pieces during a yoga session. ...
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News briefs
Lenzing has reported a revenue increase of 9.4 percent to...
Lenzing has reported a revenue increase of 9.4 percent to €1.7 billion for the first nine months of 2017, mainly driven by higher prices for its fibers. During the third quarter, the company launched Tencel Luxe, a premium fiber, and opened an innovation center in Hong Kong. Lenzing is building ...
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Short stops
Confirming its apparent recovery, the Swiss sporting goods market grew...
Confirming its apparent recovery, the Swiss sporting goods market grew by 4.4% in the first nine months of this year
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News briefs
Descente's net income declined by 8.9 percent to 2,440 million...
Descente's net income declined by 8.9 percent to 2,440 million yen (€18.5m-$21.5m) in the second quarter ended Sept. 30, while its total sales went up by 5.4 percent to ¥65.9 billion (€499.0m-$581.6m), with increases of 7 percent in the athletic category and 4 percent in golf, partly offset by a drop ...
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News briefs
Goldwin moved to a comprehensive net profit of 1,681 million...
Goldwin moved to a comprehensive net profit of 1,681 million yen (€12.7m-$14.8m) in the first half ended Sept. 30 from a loss of ¥1,126 million. Excluding extraordinary items, the earnings doubled to ¥1,065 million (€8.1m-$9.4m) as the gross margin rose by 2.3 percentage points to 47.7 percent thanks to a higher proportion ...
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News briefs
A positive swing of one billion yen (€7.6m-$8.8m) in foreign exchange...
A positive swing of one billion yen (€7.6m-$8.8m) in foreign exchange translations helped Yonex to triple its net profit to ¥1,338.8 million yen (€10.1m-$11.8m) in the first half to Sept. 30, despite a contraction in the gross margin of three percentage points to 41.8 percent due to changes in the product mix ...
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News briefs
A foreign exchange gain of almost two billion yen (€15.1m-$17.6m) allowed...
A foreign exchange gain of almost two billion yen (€15.1m-$17.6m) allowed Globeride to post net income of ¥2,398 million (€18.2m-$21.2m) in the first half ended Sept. 30, compared with ¥745 million in the year-ago period. Revenues advanced by 6.3 percent to ¥44.9 billion (€339.9m-$396.2m), but the gross margin declined by 1.4 percentage ...
