Financial insights for the sporting goods industry – Page 118
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News briefs
Descente saw its sales increase by 7.0 percent to 23.47...
Descente saw its sales increase by 7.0 percent to 23.47 billion yen (€226.1m-$304.8m) during the second quarter ended Sept. 30, including the distribution in Japan of Cutter & Buck, Le Coq Sportif, Marmot, Munsingwear and Umbro. The gross margin for the quarter went up to 50.4 percent from 47.4 percent ...
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Short stops
A survey conducted by Sports Marketing Surveys indicates that Galvin...
A survey conducted by Sports Marketing Surveys indicates that Galvin Green has widened its leadership in the U.K. market for waterproof golf apparel, with a market share of 30 percent in value last year compared with 23 percent the previous year
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News briefs
Deckers Outdoor Corporation, the parent company of Teva and other...
Deckers Outdoor Corporation, the parent company of Teva and other footwear brands such as Ugg, is forming a French subsidiary. Deckers has already taken over its distribution in the U.K. and the Benelux countries. It was handling the French market from its Dutch office, but it has now decided to ...
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News briefs
The fitness segment of Brunswick Corporation, consisting essentially of Life...
The fitness segment of Brunswick Corporation, consisting essentially of Life Fitness and Hammer Strength, recorded a 14 percent sales increase to $157.2 million in the third quarter, but sales outside the U.S. declined by 1 percent to 49 percent of the total. The segment's operating profit grew to $22.6 million ...
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News briefs
Nike has a new credit agreement that allows for up...
Nike has a new credit agreement that allows for up to about $1 billion in borrowings pursuant to a revolving credit facility, with the option to increase borrowings to $1.5 billion upon request by the company. The revolving credit facility matures in October 2016, with potential extensions available that could ...
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News briefs
Under Armour's total revenues grew by 41.7 percent to $465.5...
Under Armour's total revenues grew by 41.7 percent to $465.5 million in the third quarter, marking the third consecutive quarterly increase of more than 40 percent. Sales outside the U.S. jumped by 53.9 percent, but at $32.8 million they represented only 7 percent of the total turnover, and they were ...
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News briefs
Black Diamond's growth rate increased to 24 percent for the...
Black Diamond's growth rate increased to 24 percent for the third quarter, allowing the outdoor company to reach a record level of $42.0 million in sales for the period. While volumes increased for all the 27 product categories covered by the group, 4 percentage points of the growth came from ...
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News briefs
Albany International has reported a 15.5 percent increase in sales...
Albany International has reported a 15.5 percent increase in sales of Primaloft Products to $6.48 million for the third quarter ended Sept. 30, with a rise of 12.1 percent in constant currencies. They were again driven by stronger penetration in new European markets and by the development of new products. ...
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News briefs
Cybex International booked a net loss of $278,000 in the...
Cybex International booked a net loss of $278,000 in the third quarter ended Sept. 24, compared with a $15,000 loss a year earlier, but this was due mainly to a $1.4 million legal charge. Revenues increased by 14.5 percent to $33.5 million, but the gross margin declined by 0.8 percentage ...
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News briefs
The Finnish Kesko group reports a 2.0 percent increase to...
The Finnish Kesko group reports a 2.0 percent increase to €43 million for the net revenues from its Intersport operations in the third quarter, but the business was down by 0.4 percent to €118 million for the first nine months of this year. Kesko's acquisition of an 80 percent stake ...
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News briefs
In a preliminary filing, Lafuma Group says its total revenues...
In a preliminary filing, Lafuma Group says its total revenues grew by 1.7 percent to €249.6 million for the financial year ended last Sept. 30, up by 2.4 percent in constant currencies. Sales rose by 0.6 percent in France, including a 2.8 percent gain in the fourth quarter, and by ...
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News briefs
The Uvex group managed to increase its turnover significantly during...
The Uvex group managed to increase its turnover significantly during its latest fiscal year, ended July 31. Sales jumped by 9 percent to €330 million. This came basically from a satisfactory economic environment in Germany where Uvex' sales of professional protective and safety equipment were up by 17 percent to ...
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News briefs
Sports Direct International confirmed its objective to reach underlying earnings...
Sports Direct International confirmed its objective to reach underlying earnings before amortization of £215 million (€247.1m-$343.1m) for the present financial year as it reported double-digit increases in sales and gross profits for the first nine weeks of its second quarter, ended Sept. 25. Excluding the results of the recently formed ...
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News briefs
The management of New Balance sees its sales expanding by...
The management of New Balance sees its sales expanding by more than 15 percent this year on a global basis – the first double-digit increase since 2004 – taking them up over the $2 billion barrier including licenses. European officials indicate that the Europe, Middle East and Africa (EMEA) region ...
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News briefs
Black Diamond is forecasting a 24 percent increase in consolidated...
Black Diamond is forecasting a 24 percent increase in consolidated sales for the third quarter ended Sept. 30 to about $42 million. The increase for the first nine months of the year is estimated at 20 percent on a pro forma basis, including the results of Gregory Mountain Products prior ...
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News briefs
Columbia Sportswear reported a 12 percent increase in third-quarter sales...
Columbia Sportswear reported a 12 percent increase in third-quarter sales to $566.8 million, with a currenc y-neutral gain of 9 percent. Net income went up by 29 percent to $67.5 million, due in part to lower airfreight charges. The biggest growth drivers were the Europe, Middle East and Africa (Emea) ...
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News briefs
Helly Hansen's final results for the past year show that...
Helly Hansen's final results for the past year show that it reached a pre-tax profit of 39 million Norwegian kroner (€5.0m-$6.7m) as compared to a loss of Nok 19 million, confirming its turnaround. Operating revenues went up by 10 percent to Nok 1,656 million (€212.0m-$282.7m), while operating profit before amortization ...
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News briefs
Sales of bicycles in France rose by 5.5 percent in...
Sales of bicycles in France rose by 5.5 percent in the first six months of this year, after several years of steady decline, thanks mainly to very mild weather. In 2010, French bike deliveries fell by 4.9 percent to 664,500 units, excluding toy and children's bikes.
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News briefs
In spite of difficulties in its Central European core markets...
In spite of difficulties in its Central European core markets during a disappointing spring season, Jack Wolfskin will have another record fiscal year, ending Sept. 30. In a preliminary note, the company said that its global sales should grow by over 20 percent to more than €350 million with substantial ...
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News briefs
Giant Bicycle reports a 9.8 percent decline in consolidated net...
Giant Bicycle reports a 9.8 percent decline in consolidated net income to 1.42 billion Taiwan dollars (€34.3m-$46.3m) for the first half of its financial year, ended June 30. Revenues increased by 6.6 percent to NT$22.8 billion (€550.8m-$744.1m), but the pre-tax profit fell by 4.2 percent to NT$2.05 billion (€49.5m-$66.9m).
