Financial insights for the sporting goods industry – Page 122
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News briefs
Descente enjoyed a 35.7 percent increase in net income to...
Descente enjoyed a 35.7 percent increase in net income to 2.51 billion yen (€21.7m-$30.7m) in the financial year ended March 31. Operating earnings grew by 20.9 percent to ¥3.73 billion (€32.2m-$45.6m), although revenues were basically flat at ¥75.7 billion (€654.1m-$925.9m). The gross margin ratio was 47.3 percent. The Japanese company, ...
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News briefs
Orange 21, parent company of Spy Optic, is warning investors...
Orange 21, parent company of Spy Optic, is warning investors that it will need to raise more equity in the current quarter after posting a net loss of $1.3 million in the first one. Sales declined to $6.7 million from $8.3 million a year ago. The drop was only partly ...
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News briefs
The retailers affiliated with Intersport and Sport 2000 in Germany...
The retailers affiliated with Intersport and Sport 2000 in Germany had softer sales during the first three months of the year, particularly in March, according to the German Sport + Mode trade publication. At Intersport, sales were down by 14 percent in the quarter, and March alone was down by ...
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News briefs
Black Diamond reports sales of $39.1 million for the first...
Black Diamond reports sales of $39.1 million for the first quarter of this year, up by 18 percent from a year ago on a pro-forma basis, including the sales of Gregory Mountain Products prior to its acquisition. Black Diamond alone scored a 36.3 percent increase to $28.7 million, with gains ...
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News briefs
Yonex saw its sales decline by 0.5 percent to 36.69...
Yonex saw its sales decline by 0.5 percent to 36.69 billion yen (€317.0m-$448.8m) for the financial year ended March 31. The operating margin fell to 2.0 percent of sales from 4.5 percent in the prior year. Net income went down by 26.5 percent to ¥718 million (€6.2m-$8.8m).
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Short stops
Japan's leading bicycle retailer, Asahi, reports a doubling in sales,...
Japan's leading bicycle retailer, Asahi, reports a doubling in sales, particularly in Tokyo and the surrounding region, after the March 11 earthquake and tsunami in the northeast of the country, as consumers reacted to messy transportation and higher gasoline prices
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News briefs
Briko finished 2010 with a 20 percent increase in sales...
Briko finished 2010 with a 20 percent increase in sales to €7 million. The increase is in line with the targets set by the B Holding, a company owned by the Boroli family, which took over the Italian firm in 2008. Briko achieved 65 percent of its revenues with winter ...
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News briefs
Devanlay, holder of the Lacoste license, will invest €100 million...
Devanlay, holder of the Lacoste license, will invest €100 million in the brand this year compared with €25 million in 2010. Lacoste is expected to increase sales by a double digit figure this year after being stable in 2010, José Luis Duran, chairman of Devanlay, said in an interview with ...
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News briefs
Sales of sporting goods in Sweden increased by 0.2 percent...
Sales of sporting goods in Sweden increased by 0.2 percent in February, according to the DHI Retail Sales Index, resulting in a sales decrease of 4.7 percent for the first two months of 2011.
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News briefs
Represented mainly by Life Fitness, the fitness segment of Brunswick...
Represented mainly by Life Fitness, the fitness segment of Brunswick Corporation recorded operating profit of $23.4 million in the first quarter on 31 percent higher sales of $156.4 million. Sales outside the U.S. grew by 40 percent to an implied $86.0 million.
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News briefs
The Spanish sports footwear brand Munich recorded growth in sales...
The Spanish sports footwear brand Munich recorded growth in sales by 22 percent in 2010. With the help of a very strong performance by the company's corporate stores, Munich achieved total sales of €28 million in 2010. The company owns 10 corporate stores in Spain, three of them opened during ...
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News briefs
U.S. antitrust authorities are reportedly creating obstacles to Jarden Corporation's...
U.S. antitrust authorities are reportedly creating obstacles to Jarden Corporation's plans to increase its stake in the Rossignol Group. Meanwhile, Jarden reports that its Outdoor Solutions segment enjoyed a 25.3 percent increase in operating earnings to $50.0 million in the first quarter of 2011 on 10.3 percent higher sales of ...
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News briefs
American Sporting Goods increased sales by 31.5 percent to $231.7...
American Sporting Goods increased sales by 31.5 percent to $231.7 million in 2010, while gross profit grew to $87.6 million from $63.0 million and net income rose to $15.0 million from $0.4 million. The company was acquired by Brown Shoe Company on Feb. 17. Its brands include Avia, Ryka and ...
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News briefs
Brooks Sports is targeting sales of $300 million in 2011...
Brooks Sports is targeting sales of $300 million in 2011 after a sales increase of 21 percent in 2010 to $190 million and a strong order backlog. Orders are up by 37 percent for U.S. footwear, 42 percent for U.S. apparel, 50 percent from the EMEA (Europe, Middle East & ...
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News briefs
The French sporting goods market fell by around 2 percent...
The French sporting goods market fell by around 2 percent in the first quarter of this year, according to an estimate by FPS, the French sporting goods retailers' federation. While they had grown by 17 percent in November and by 2 percent in December year-on-year, the retailers' sales declined by ...
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News briefs
Oakley's sales of optical products grew by 11 percent in...
Oakley's sales of optical products grew by 11 percent in the first quarter worldwide, with particularly strong progress in the buoyant North American market. The brand has just opened a store in Times Square in New York, which is visited by an estimated 26 million people each year. The store ...
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News briefs
Crocs increased net income by 276.1 percent to $21.5 million...
Crocs increased net income by 276.1 percent to $21.5 million in the first quarter, lifted by a 36 percent increase in revenues to $226.7 million. The group booked strong sales growth in all distribution channels and geographies. Wholesale revenues increased by 36.9 percent to $164.6 million, retail by 32.5 percent ...
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News briefs
Nautilus reported a net profit of $1.6 million in the...
Nautilus reported a net profit of $1.6 million in the first quarter against a loss of $7.8 million in the same period a year ago. Sales increased by 5.8 percent to $48.3 million, with the direct-to-consumer business up by 24 percent to $30.3 million. Retail sales rose by 6.5 percent ...
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News briefs
Cybex reported net profit of $379,000 in the first quarter,...
Cybex reported net profit of $379,000 in the first quarter, against a loss of $753,000 one year prior. Revenues rose by 19 percent to $31.0 million and gross margins went up by 0.1 percentage points to 36.3 percent.
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News briefs
The revenues of Euretco Sport, the Dutch buying group behind...
The revenues of Euretco Sport, the Dutch buying group behind Sport 2000, Runnersworld and the Sport Point partnership, crept up by 0.1 percent last year. The Euretco buying group reported that its sports unit had performed better than its interior decoration business, but not as well as its fashion division, ...
