Financial insights for the sporting goods industry – Page 103
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News briefs
Spy increased its net loss to $742,000 in the first...
Spy increased its net loss to $742,000 in the first quarter of 2014 from $721,000 in the same period a year ago, due in part to higher investments in research & development. Sales were up by 2 percent to $9,192,000 for the period and included fewer closeouts, resulting in higher ...
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News briefs
After suffering an operating loss of €0.2 million in the...
After suffering an operating loss of €0.2 million in the past year, due to the weather and the economic crisis, Golfino is targeting an improvement of between €1.5 million and €2.0 million in the current financial year. The outlook is based mainly on good sell-throughs in the U.S. and the ...
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News briefs
A 19.7 percent sales increase to $10.0 million outside North...
A 19.7 percent sales increase to $10.0 million outside North America allowed Skullcandy to resume its growth in the first quarter ended March 31, and the trend is expected to continue for the balance of the year. The American supplier of creative headphones and other audio accessories raised its sales ...
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News briefs
Erima, the German brand of team sports, tennis and other...
Erima, the German brand of team sports, tennis and other sports apparel, recorded an increase in sales of 18 percent in the first quarter of this year, as compared to the first quarter of 2013. In March, total sales grew by 24 percent as compared to the same month last ...
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News briefs
Maier Sports, the German sports apparel firm acquired by the...
Maier Sports, the German sports apparel firm acquired by the Findors Investor equity firm in August 2011, reports an increase of 11 percent in pre-orders for the coming autumn/winter season. Pre-orders of its skiwear collection were stable as compared to the previous autumn/winter season. In the framework of a shrunken ...
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News briefs
Giant Manufacturing reports a 17 percent increase in net profit...
Giant Manufacturing reports a 17 percent increase in net profit of 3.5 billion Taiwanese dollars (€83.78m-$115.75m) for the year ended Dec. 31 on 0.5 percent higher revenues of NT$54.39 billion (€1,302.00m-$1,798.60m). Sales went up by 26 percent in China, 17 percent in Korea and 11 percent in Taiwan, but were essentially ...
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News briefs
New Balance says its sales grew by 14.2 percent last...
New Balance says its sales grew by 14.2 percent last year to $2.73 billion, marking the third year of double-digit growth. Without adding any details, the company disclosed its performance while announcing the sponsorship of a triathlete, Non Stanford, who is the reigning ITU world champion.
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News briefs
Bauer Performance Sports saw its sales rise by 13 percent...
Bauer Performance Sports saw its sales rise by 13 percent to $62.2 million in the third quarter ended Feb. 28, or up by 16 percent in constant currencies, with increases of 17 percent in helmets, 49 percent in sticks, 11 percent in lacrosse and 77 percent in apparel. Sales grew ...
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News briefs
Fila Korea has reported a 10 percent increase in global...
Fila Korea has reported a 10 percent increase in global revenues to 736.1 billion won (€512.14m-$707.08m) for the financial year ended last Dec. 31. Operating earnings went up by 7 percent to KRW 98,129 million (€68.27m-$94.25m), but net income was down by 21 percent to KRW 96,150 million (€66.90m-$92.36m). In the ...
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News briefs
Restating some of its previously released preliminary figures, Basicnet reported...
Restating some of its previously released preliminary figures, Basicnet reported a net profit of €4.5 million for the 2013 financial year. The pre-tax profit grew more than fourfold to €8.4 millin from €1.8 million in 2012. Operating earnings before amortization (Ebitda) jumped by 87.5 percent to €22.8 million. After amortization ...
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News briefs
Hervis Sports, the price-driven Austrian retail chain, reports a sales...
Hervis Sports, the price-driven Austrian retail chain, reports a sales decline of 3.4 percent to €424 million before VAT for the financial year ended on Dec. 31. The company had already suffered a 2 percent drop in the previous year. In 2013, there was an increase in Hungary and Romania, ...
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News briefs
Mammut Sports Group raised its sales by 6.2 percent in...
Mammut Sports Group raised its sales by 6.2 percent in 2013 to 246.9 million Swiss francs (€202.8m-$279.3m). A negative impact of 2.2 percentage points from changes in foreign currencies was offset by a positive impact of 1.1 percentage points from the takeover of the distribution of its products in South ...
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News briefs
SportScheck's sales declined by 5.1 percent to €319 million in...
SportScheck's sales declined by 5.1 percent to €319 million in the financial year ended last Feb. 28, according to preliminary figures published by its parent company, the Otto Group, which blamed the poor weather conditions in Germany for the drop. The total retail turnover of the German group fell by ...
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News briefs
Deckers Outdoor Corporation reported a 13.0 percent increase in net...
Deckers Outdoor Corporation reported a 13.0 percent increase in net income to $145.7 million for 2013. Total revenue went up by 10.1 percent to $1,557 million, with increases of 0.8 percent for Teva, 9.7 percent for Ugg and 8.2 percent for Sanuk. Other brands, including Hoka One One, which is ...
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News briefs
Skullcandy reported a drop a net loss of $3.0 million...
Skullcandy reported a drop a net loss of $3.0 million for last year, against a net profit of $25.9 million in 2012, but it expects to make a profit again in 2014 on a sales increase of between 5 and 7 percent. In the fourth quarter of 2013, the U.S. ...
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News briefs
Despite tough competition in Scandinavia and unfavorable weather at the...
Despite tough competition in Scandinavia and unfavorable weather at the end of the year, the Fenix Outdoor Group lifted its turnover by 8 percent to 1,865.7 million Swedish kronor (€209.4m-$286.3m) last year. Sales of the group's brands, led by Fjällräven, jumped by 11 percent to SEK 1,264.4 million (€141.9m-$194.0m) for the ...
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News briefs
Manchester United said its retail, merchandising apparel and product licensing...
Manchester United said its retail, merchandising apparel and product licensing revenues, which are managed by Nike, declined 4.4 percent to £9.1 million (€11.1m-$15.2m) in the second fiscal quarter ended Dec. 31, 2013. For the year to date, revenues were £19.8 million (€24.2m-$33.2m), up 4.8 percent. The agreement with Nike is set ...
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News briefs
Björn Borg has seen its full-year net profit fall 71...
Björn Borg has seen its full-year net profit fall 71 percent due to one-off costs. Profit after tax for the Swedish underwear company stood at SEK13.9 million (€1.6m-$2.1m) during the year ending last Dec. 31, as compared to SEK47.2 million in the previous fiscal year. Operating profit was negatively affected by ...
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News briefs
Globeride suffered a 45 percent drop in net income to...
Globeride suffered a 45 percent drop in net income to ¥1.12 billion yen (€8.0m-$10.9m) for the nine months ended Dec. 31. The company, which was formerly called Daiwa Seiko, saw its sales rise by 12 percent to ¥50.64 billion (€361.1m-$493.7m) for the period, but its operating earnings fell by 24 percent to ...
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News briefs
The year 2013 was very good for Norrøna. The Norwegian...
The year 2013 was very good for Norrøna. The Norwegian company grew by nearly 30 percent, with sales amounting to about 360 million Norwegian kroner (€43.5m-$59.4m). In an interview published by Sportsbransjen, Norrøna's chief executive, Jørgen Jørgensen, explained that the company's strong growth comes after many years of clear distribution ...
