Financial insights for the sporting goods industry – Page 114
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News briefs
Gross margins increased by 2.3 percentage points to 33.8 percent...
Gross margins increased by 2.3 percentage points to 33.8 percent at Easton-Bell in the first quarter of 2012, thanks to lower closeout sales and higher average selling prices associated with product innovation and productivity gains. With total sales rising by 6.3 percent to $203.4 million for the period, adjusted operating ...
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News briefs
Heelys got a big $1.2 million boost in its first-quarter...
Heelys got a big $1.2 million boost in its first-quarter sales compared with one year ago, reaching a level of $6.1 million for the period. They grew by $482,000 to $1.7 million in the U.S. They were up by $686,000 to $5.1 million elsewhere, mainly because of higher sales in ...
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News briefs
Market, an Austrian market and opinion research firm, has examined...
Market, an Austrian market and opinion research firm, has examined customers' shopping habits through some 1,000 online interviews among consumers who buy in sports stores. Market's report says that 31 percent of the interviewees mainly seek advice and service in sporting goods stores, whereas 30 percent are looking for the ...
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News briefs
Swedish sporting goods retailers continue to show impressive growth. According...
Swedish sporting goods retailers continue to show impressive growth. According to HUI Research, their sales increased by 15.3 percent in March compared with the same month last year, and by 15.6 percent when calculated at fixed prices. So far this year, Swedish sporting goods sales have increased by 17 percent, ...
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News briefs
Skullcandy's revenues rose by 48 percent in the first quarter...
Skullcandy's revenues rose by 48 percent in the first quarter to $53.3 million, overtaking the $44.2 million projection that had been made by financial analysts for the period. On the other hand, the net income of the American supplier of special headphones rose by only 6 percent to $1.1 million ...
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News briefs
Sales declined by 7 percent to 140.5 million Swedish kronor...
Sales declined by 7 percent to 140.5 million Swedish kronor (€15.7m-$20.6m) at Björn Borg, due to cautious purchasing patterns by its clients last autumn. However, the Swedish brand of underwear saw growing sales for the brand including licenses, with an increase in smaller markets, and continuous progress with e-commerce. The ...
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News briefs
The sports and leisure division of the New Wave group,...
The sports and leisure division of the New Wave group, which owns Craft, Cutter&Buck and several other brands, pushed its sales up by 20 percent to 465 million Swedish kronor (€52.4m-$69.2m) for the first quarter. This was chiefly due to acquisitions made last year, Ahead and Paris Glove, which added ...
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News briefs
The Life Fitness division of Brunswick Corporation, which comprises the...
The Life Fitness division of Brunswick Corporation, which comprises the Life Fitness and Hammer Strength brands, slightly lifted its sales to $157.1 million in the first quarter. This amounted to an increase of 0.4 percent. The division's international sales fell by 13 percent, but commercial equipment sales enjoyed a large ...
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News briefs
Wolverine Worldwide, which sells the Merrell and Patagonia Footwear brands,...
Wolverine Worldwide, which sells the Merrell and Patagonia Footwear brands, saw its sales drop by 2.4 percent to $322.8 million for the quarter ended March 24, due to the troubles hitting many of Europe's economies. Sales in the U.K., which represents half of European sales, were hard hit by two ...
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News briefs
The outdoor and action sports unit of VF Corporation, the...
The outdoor and action sports unit of VF Corporation, the owner of The North Face and Vans, among others, lifted its sales by 60 percent for the first quarter. Sales were inflated by the acquisition of Timberland, but the rise also included organic growth of 15 percent. The turnover of ...
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News briefs
The warm winter shaved about $25 million off the turnover...
The warm winter shaved about $25 million off the turnover of Jarden's outdoor business unit in the first quarter. This contributed to a sales decline of 1.1 percent to $670 million for the unit, which includes the K2, Coleman, Marmot, Penn and Rawlings brands. The company expects another hit of ...
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News briefs
Under Armour's sales soared by 23 percent to $384 million...
Under Armour's sales soared by 23 percent to $384 million for the first quarter of this year, with similar growth rates for apparel and footwear. The company said that the rise was partly driven by new products, like Cold Black and Armour Bra. Under Armour's gross margin dipped by 0.8 ...
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News briefs
Crocs lifted its sales by 19.9 percent to $271.8 million...
Crocs lifted its sales by 19.9 percent to $271.8 million for the quarter, in spite of a sales decline of 2.7 percent in Europe. This was more than compensated by sales increases of 17.1 percent in the Americas and 40.5 percent in Asia. The company's wholesale revenues jumped by 15.9 ...
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News briefs
Columbia Sportswear's European sales fell by 14 percent to $38.1...
Columbia Sportswear's European sales fell by 14 percent to $38.1 million for the first quarter of this year, but the drop was compensated by a sales rise of 14 percent in Latin America and Asia, while the company's turnover remained flat in the U.S. market. The outdoor group's turnover landed ...
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News briefs
Pittards saw its revenues go up by 6 percent to...
Pittards saw its revenues go up by 6 percent to £38.2 million (€46.3m-$60.7m) in 2011, but the operating profit remained stable at £2.7 million (€3.3m-$4.3m) because of the increased cost of materials. In particular, Pittards and other tanners with factories in Ethiopia rushed to buy and process as much material ...
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News briefs
Britain's Halfords Group reports a 5.7 percent increase in sales...
Britain's Halfords Group reports a 5.7 percent increase in sales on a comparable store basis for its cycling group in the fourth quarter of its financial year, ended March 30. The progress came on top of an 8.7 percent increase in the same period a year ago and was driven ...
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News briefs
Fila has reported a 24 percent increase in its consolidated...
Fila has reported a 24 percent increase in its consolidated revenues to 764.4 billion won (€502.6m-$676.1m) for the past financial year. The gross margin declined by 3.65 percentage points to 50.48 percent, but the operating profit rose by 5 percent to KRW106.6 billion (€70.1m-$92.3m). Net income fell by 99 percent ...
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News briefs
Heavy snowfalls in central Sweden and spring-like conditions in the...
Heavy snowfalls in central Sweden and spring-like conditions in the south of the country jump-started Swedish sporting goods retailers' sales in February. The were up by no less than 22 percent during the month as compared to February 2011. After negative growth toward the end of 2011, sales took a ...
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News briefs
Conzzeta, the parent company of Mammut Sports Group, announced that...
Conzzeta, the parent company of Mammut Sports Group, announced that its subsidiary for sporting goods lost some turnover in its last financial year (the same as the calendar year) in comparison with 2010. Sales went down by 4.7 percent to 210.8 million Swiss francs (€174.8m-$233.6m). Conzzeta says, however, that Mammut ...
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News briefs
Intersport France reached sales of €1,298 million at retail prices...
Intersport France reached sales of €1,298 million at retail prices in 2011, 5.4 percent more than in the previous year. Because of the lack of snow, the 187 stores located in the ski resorts suffered a decline of a little less than 2 percent. The other 366 doors, 15 of ...
