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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ArticleFila Holdings delivers 1 percent operating profit gain in Q3
Gross margin improved by 450 basis points to 54.0 percent from 49.5 percent and total sales were up 6.0 percent year-over-year at KRW1,049,458 million (€704.5m) versus KRW990,192 million.
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News briefsRecord annual sales at Sports Emotion
For full-year 2023 Sports Emotion Hub, operator of the Fútbol Emotion and (since March 2023) Basketball Emotion banners in Spain, enjoyed a boost in annual sales of 59.1 percent, to €82.35 million.
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ArticleGolden Goose’s sales rise by 12% at constant exchange rates
DTC sales increased by a currency-neutral 18 percent in the nine-month period to €346.1 million, accounting for 74 percent of total revenues.
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ArticleOn Holding’s Q3 results impacted by currency effects
On failed to meet expectations for its quarterly earnings due to a 42.6 million Swiss franc (€45.4m) currency fluctuation impacting results. Still, the Swiss group posted another blockbuster sales period and increased its revenue and gross margin guidance for the year. Operating income rose by 26 percent to CHF72.6 ...
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ArticleYue Yuen posts strong manufacturing but weak retail results
Yue Yuen generated strong nine-month manufacturing results but the group’s retail arm, Pou Sheng Intl., suffered from soft sales momentum with weak traffic across various Chinese cities.
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ArticleAcushnet sales up in Q3, but profit dips
Titleist golf ball sales rose by 18.2 percent to $213.9 million year-over-year, helped by the introduction of new GT drivers and Fairway metals.
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ArticleYonex lifts FY outlook after strong H1
By segment, badminton sales rose 16 percent to ¥40.6 million (€248.4m) from higher revenues in Japan and overseas.
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ArticleSaucony eyes easier sales comparisons, expanded US distribution in 2025
Parent Wolverine Worldwide believes the brand’s turnaround is underway and working thanks to new product introductions, design improvements and lower retail inventory levels.
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ArticleMizuno H1 operating profit up 20 percent, maintains FY outlook
Soccer boots and lifestyle footwear sales stepped higher, and the company reported improved gross margins with On Running shoes.
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ArticleGoPro’s ‘challenging year’ continues in Q3
The GoPro group suffered a 112 percent increase in year-over-year operating loss to $8.0 million versus a loss of $3.8 million in Q3.
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ArticleAsics’ momentum continues, moving HQ in 2028
The Japanese group’s nine-month results were bolstered by significant sales increases within its Sportstyle and Onitsuka Tiger segments in North America and China.
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ArticleCanada Goose results impacted by weak DTC comps
The Canadian group’s Q2 saw a 30% drop in operating income amid declining wholesale and DTC sales, but a tax recovery lifted profitability by 54% to C$6.3M.
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ArticleAlpargatas turns Q3 profit as international, Rothy’s improve strongly
Alpargatas, the parent company of flip-flop brand Havaianas, is on the right move again.
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News briefsGoldwin six-month operating profit dips by 14 percent
Goldwin reported a 14.1 percent drop in operating profit to 5,214 million yen (31.5 million euros) from 6,070 million yen for the six months ended September 30.
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ArticleAllbirds lowers operating loss as turnaround moves forward
Allbirds group’s Q3 operating loss was $21.8 million against a year-ago loss of $30.1 million for the period ended Sep. 30.
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ArticleUnder Armour’s turnaround strategy taking shape
With Kevin Plank in the lead Under Armour is gaining speed. In Q3 the company reports a 24 percent increase in Q2 operating income to $173.1 million from $139.5 million for the period ended Sep. 30.
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ArticleNew Wave expects ‘a few more challenging quarters’ as sports & leisure Q3 sales flatline
Sweden-based New Wave, which counts Craft, Cutter & Buck and Ahead among the brands in the sports & leisure segment, saw promotional sales in the segment rise by 7 percent.
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ArticleXXL sees some recovery in Sweden, reports another loss
The struggle to reach profitability for Scandinavin sporting goods retail group XXL is far from over. In Q3, ended Sep. 30, group Ebit was NOK -191 million (-€16.0m) versus NOK -155 million in the year-ago period.
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ArticlePuma maintains FY24 outlook as Q3 sales rise in all regions
The Puma group continues to expect a mid-single-digit (ca) annual sales increase and an FY24 Ebit range of €620 to €670 million, flat to up 7.8 percent for the period.
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ArticleVulcabras’ profit rises 35 percent in Q3
The Brazilian footwear group’s Ebitda margin expanded by 90 basis points to 25.1 percent for Q3. The company’s gross margin inched up by 20 basis points to 43.1 percent from 42.9 percent.
