Financial insights for the sporting goods industry
We cover the latest financial results and stock market updates from the sports business
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ArticleJD Sports warns on profit again as rivals discount stock
JD Sports has issued its second profit warning in two months, citing heavy discounting among market rivals.
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News briefsNew Balance aiming for $10bn as worldwide sales grew 20% in 2024
The Boston-based company declared that global sales increased by 20 percent last year to $7.8 billion.
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News briefsAmer Sports reports preliminary FY24 results
Sales growth for Amer Sports for the full year 24 is expected to be at the high end of the previous guidance range of 16 to 17 percent. This is despite currency headwinds in the fourth quarter.
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News briefsAnta Sports updates its results for Q4 and FY24
Fila brand sales recorded a high-single-digit sales gain in Q4 and a mid-single-digit sales improvement for the full year.
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ArticleNike has a tough run as Q2 results show Ebit down 26%
“This isn’t going to be easy, but we’re ready for the challenge.” Ebit is down 26 percent, after three seasons of loss, but Nike CEO Hill sees light at the end of a long tunnel.
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News briefsNox lost some altitude in FY23
The brand has managed to keep revenues above €25 million.
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ArticlePerfect Moment gets non-compliance letter from NYSE
Perfect Moment has been notified that the company does not meet the minimum stockholders’ equity requirements.
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News briefsTennis back on top for Dunlop Spain in FY24
With its inventory glut, padel has lost a step.
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News briefsFrasers warns on profits amid weak consumer confidence
Frasers Group has cut its full-year profit forecast, over weak consumer confidence and a tough trading environment, and has also been knocked out of the FTSE 100.
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ArticleZumiez continues to eye profitability in Europe despite recent weather woes
Total Q3 revenues grew by 2.8 percent to $222.5 million from $216.3 million.
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ArticleLululemon expanding further in China, EMEA
With its international business growing strongly and its U.S. business projected to regain its mojo, it will expand its presence in Asia.
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ArticleKey Q3 developments lead Foot Locker to lower FY guidance
Foot Locker’s operating income fell 74% to $12 million in Q3. Total sales declined 1.4% to $1.96 billion.
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News briefsChina Dongxiang reports H1 operating profit
At period end, the group had 557 directly operated Kappa stores, which generated RMB452 million (€59.0m) in sales.
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ArticleKlarna made profit for second time in a row in Q3
Klarna, the AI-powered global payments network and shopping assistant, has announced its nine-month financial results. The company’s net profit in the third quarter was SEK 216 million, up 57 percent year-on-year.
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ArticleJD Sports warns profit will be at lower end of range after ‘volatile’ October
The retailer warns of lower profits as October sales slip amid discounting and consumer caution, but expansion plans fuel long-term growth hopes.
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News briefsShein’s European entity enjoys 68 percent sales boost for FY23
Net income amounted to €99.5 million, up 117.2 percent from the €45.8 million of FY22.
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News briefsBjörn Borg grew 44% in Germany in Q3
Björn Borg’s net sales rose by 8.8% in Q3 2024, and the two categories Footwear and Sports Apparel saw year-on-year growth of 29 and 25%, respectively.
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ArticleFueled by technical apparel segment, Amer Sports reports strong Q3
The parent company of Salomon, Armada, Atomic and many more brands reports strong growth, led by its premium outdoor and ski brands, and outlines strategic leadership changes and future plans.
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News briefsKMD Brands issues Q1 update
The company said its final H1 results will depend on the upcoming Black Friday and Christmas shopping periods.
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ArticlePerfect Moment reviewing its European distribution strategy
The group wants to improve margins in the region, which accounted for more than 30 percent of its revenues during the most recent FY, for FY26.
