Financial insights for the sporting goods industry – Page 106
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News briefs
Skullcandy's sales fell by 30.4 percent in the first quarter...
Skullcandy's sales fell by 30.4 percent in the first quarter due to a more selective sales policy in North America, where its turnover dropped by 37.9 percent to $28.7 million. In the rest of the world, the headphone company's sales increased by 17.5 percent to $8.4 million but were essentially ...
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News briefs
Toray Industries suffered a 24.5 percent drop in net income...
Toray Industries suffered a 24.5 percent drop in net income to 48.5 billion yen (€367.9m-$478.3m), falling below its previous projections as its sales grew by only 0.2 percent to ¥1,592 billion (€12.0b-$15.7b) due to lower demand from the automotive sector and the economic slowdown in Europe and China. However, its ...
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News briefs
Measured against strong performances in the first quarter of 2012,...
Measured against strong performances in the first quarter of 2012, Garmin's sales rose by only 1.7 percent in the fitness segment to $72.4 million in the 13-week period ended March 30, and they fell by 1.3 percent to $76.2 million in the outdoor segment. Gross margins rose to 62.1 percent ...
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News briefs
The 2012/2013 skiing season was a good one for mountain...
The 2012/2013 skiing season was a good one for mountain sports shops in France. According to FPS, the French sporting goods retailers' association, the turnover across 1,100 such stores grew by 6 percent. The positive performance was boosted by 6.5 percent higher revenues from equipment rentals. Now 70 percent of ...
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News briefs
Descente reports a 15 percent rise in net income to...
Descente reports a 15 percent rise in net income to 5,639 million yen (€42.8m-$55.6m) for the financial year ended March 31 as its consolidated revenues grew by 11 percent to ¥91.9 billion (€696.6m-$906.4m). For the current fiscal year, the Japanese company is now forecasting a net profit of ¥6.1 billion ...
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News briefs
Easton-Bell's net sales declined by 4.0 percent to $207.6 million...
Easton-Bell's net sales declined by 4.0 percent to $207.6 million in the first quarter, but its gross margin improved by 1.6 percentage points to 35.8 percent, as compared to the same period a year ago. Excluding severance expenses for the recently dismissed managers of the company, the operating profit before ...
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News briefs
The protracted winter weather in Europe and the U.S. did...
The protracted winter weather in Europe and the U.S. did not prevent Adidas Golf from reaching record sales of golf shoes in the first quarter of this year, with significant sales increases and higher market shares in the U.S., the U.K. and Japan, says TaylorMade-Adidas Golf, thanks largely to the ...
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News briefs
Intersport continued its progress in Finland during the first three...
Intersport continued its progress in Finland during the first three months of 2013 with a 14.1 percent sales increase to €51 million, according to Kesko's quarterly income statement, as the number of stores increased to 62 as compared to 58 a year earlier. Sales fell instead by 23.6 percent to ...
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News briefs
A.T. Cross continued to grow in the first quarter of...
A.T. Cross continued to grow in the first quarter of 2013, with sales up by 5.9 percent to $44.4 million compared with the first quarter of 2012. This was driven by a 9.1 percent increase to $23.8 million for its Cross Optical Group (COG), which runs the Costa and Native ...
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News briefs
Real Madrid has overhauled Manchester United in Forbes' annual ranking...
Real Madrid has overhauled Manchester United in Forbes' annual ranking as the most valuable football team in the world. It is the first time since Forbes began tracking the value of soccer teams, in 2004, that Manchester United has not topped the ranking. The value of Real has surged by ...
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News briefs
Brunswick Corp. reported net sales of $995.3 million for the...
Brunswick Corp. reported net sales of $995.3 million for the first quarter ended March 30, up 4 percent from a year ago. Revenue growth in the quarter was driven by U.S. outboard marine products, marine parts and accessories and fitness equipment, partially offset by declines in fiberglass sterndrive/inboard products and ...
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News briefs
New Wave turned around with a net profit of 100,000...
New Wave turned around with a net profit of 100,000 Swedish kronor (€11,711-$15,306) in the first quarter of 2013 from a loss of SEK8.2 million in the year-ago period, as sales increased by 10.1 percent to SEK877 million (€102.7m-$134.3m). On a currency-neutral basis, however, sales were down by 7 percent. ...
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News briefs
Wintersteiger, the leading manufacturer of ski maintenance and storing solutions...
Wintersteiger, the leading manufacturer of ski maintenance and storing solutions as well as of other types of machinery, has posted record sales for the third year in a row. Total sales soared from €101.8 million in 2011 to €126.2 million in 2012. The significant sales increase came substantially from the ...
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Short stops
The Swedish sporting goods industry posted a slight decline in...
The Swedish sporting goods industry posted a slight decline in sales of 0.6 percent in February when compared to the same month last year
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News briefs
Halfords Group registered a decline in cycling revenues on a...
Halfords Group registered a decline in cycling revenues on a same-store basis of 8.8 percent for the 11-week period ended March 29. For the 52-week period ended March 29, cycling sales were off by 0.6 percent. The group's total revenues increased by 1.7 percent over the last quarter. In the full ...
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News briefs
BBW Marketing Dr. Vossen and Valido, two market research companies,...
BBW Marketing Dr. Vossen and Valido, two market research companies, have released a report on the evolution of e-bikes in Germany. The study is called “Konsumwelt 2013: E-Bikes” (“World Consumption of E-bikes, 2013”). One of the findings is that the German bicycle market is currently doing well mainly because of e-bikes, ...
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News briefs
The Snowsports Industries America (SIA) federation reports that winter sports...
The Snowsports Industries America (SIA) federation reports that winter sports sales in the U.S. were up by 2 percent from August through February compared with the same period the previous year. Retail sales of winter sports products reached $3.1 billion, of which $1.7 billion was generated by specialty shops. This ...
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News briefs
Sequential Brands Group, the company that acquired Heelys a few...
Sequential Brands Group, the company that acquired Heelys a few weeks ago, reported a net loss attributable to common stockholders of $7.35 million for the fourth quarter ended Dec. 31, 2012, bigger than the $3.4 million loss it had in the same quarter the previous year. Licensing and other revenues ...
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News briefs
French people like running. According to a study by Kantar...
French people like running. According to a study by Kantar Media and Uniteam Active, conducted for a French bank, Caisse d'Epargne, around 5.9 million French people aged over 15 - 3.9 million men and 2 million women - run either regularly or occasionally. Of them, 1.5 million took part in ...
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News briefs
The Spanish sporting goods market fell by 5 percent to...
The Spanish sporting goods market fell by 5 percent to €3.7 billion in 2012, according to a Spanish market research company, Dbk, leading to a further concentration of the retail network around the buying groups and the integrated retail chains. The five major retail players, led by Décathlon, already controlled ...
