Financial insights for the sporting goods industry – Page 10
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ArticleMizuno’s Q1 operating income rises by 22 percent
The Japanese group reaffirmed its fiscal year outlook after reporting a 22% increase in operating income for the first quarter.
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ArticleUnder Armour begins rebuilding its ‘House’ amid Q1 loss
With former, longtime Adidas senior executive Eric Liedtke in the fold as EVP of Brand Strategy and the beginnings of $70 to $90 million restructuring underway, Under Armour reported a net loss of $305 million against a profit of $10 million in Q1 ended June 30. Some $274 million in ...
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ArticleAlpargatas turns Q2 profit but sales in Europe sag
The Havaianas parent reported Ebitda of R$69.2 million (€11.3m) versus $6.8 million for the period ended June 30.
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ArticleHanesbrands taking a new direction sans Champion
Hanesbrands, which reached an agreement to divest its global Champion business and exited its U.S. outlet store network in July, is moving forward with a more focused, simplified business structure focused on the remaining brands in its portfolio. In H2, the company will pay down approximately $1 billion in ...
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News briefsVulcabras faces multiple challenges in Q2
Despite economic challenges and a devastating flood in Rio Grande do Sul, the Brazilian group remains resilient.
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ArticleTopgolf Callaway explores strategic options and lowers FY outlook
The golf group Topgolf Callaway´s Q2 revenues slipped by 1.9 percent to $1.16 billion from $1.18 billion, negatively impacted by a reported 8.2 percent drop in Golf Equipment sales.
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News briefsAllbirds reduces Q2 operating loss, moves forward with international plans
Allbirds improved its year-over-year Q2 operating loss by 32 percent.
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ArticleGoPro plans cost cuts to achieve profitability by 2025
Despite a challenging H1, the action cam company aims for profitability in 2025 through cost reductions and diversification. Q2 saw a 23% revenue decline but growth in subscriptions.
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ArticleGolf balls and the US drive Acushnet in Q2
For the Titleist and FootJoy parent, net income declined by 4.3 percent to $71.4 million from $74.7 million, but gross margin improved by 90 basis points.
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ArticleSweden's largest chain of running stores reports record Q2
Löplabbet increased its turnover by 31% in the first half of 2024. SGI Europe spoke to COO Stellan Kinell.
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ArticlePuma leaps up 2.1% in sales Q2
Puma recorded a strong Q2 with slight sales growth. One highlight was the Americas region, with sales rising 9.0% (currency-adjusted) to €887.5 million.
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ArticleVF Corp. optimistic that EMEA will spearhead Vans’ turnaround
Based on the latest results, the group firmly believes that its flagging Vans segment will recover.
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ArticleZalando's Q2 result powered by sports
Zalando shows improved profitability in the second quarter of 2024.
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ArticleDescente Q1 operating profit slips on higher costs
Higher brand sales and favorable currency impacts led to a 1.2% revenue rise to 27,482m Japanese Yen in Q1, despite a drop in operating income.
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ArticleGildan sales outside North America rise by 7% in Q2
Gildan reported a 41 percent increase in Q2 operating income to $195.5 million versus $138.7 million for the period ended June 30.
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ArticleAmazon reports strong financial results for Q2 with a 10% increase in net sales
Amazon.com Inc. announced robust Q2 results, with net sales climbing 10% year-over-year, driven by strong performances across all segments, particularly AWS.
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News briefsZuckerberg talks mainly about AI in Meta’s Q2 earnings call
Meta’s CEO emphasizes his company’s advances in artificial intelligence and reports a 22% revenue increase in Q2.
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ArticleeBay reports solid Q2 results
The US company’s Q2 results show modest growth and strategic progress, with an increase in revenue to $2.6bn and significant innovations such as AI-powered functions and new partnerships that increase future potential.
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News briefsEtsy reports mixed Q2 amid strategic growth initiatives
The online marketplace recorded a mixed Q2. Despite a slight decline in total sales and net profit, the focus was on the gifts segment, which drove sales growth.
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ArticleCrocs delivers record Q2, outlook on ‘cautious consumers’ spooks investors
Crocs shares fell almost 2.7% after a disappointing third-quarter forecast that revealed a cautious outlook for the US and China, despite strong international sales and growth of its iconic Classic Clogs in Q2.
