Financial insights for the sporting goods industry – Page 122
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News briefs
Europe was Crocs' fastest growth market in the second quarter...
Europe was Crocs' fastest growth market in the second quarter ended on June 30, with sales rising by 50.4 percent to $52.2 million. For the first time ever, Asia became the company's largest market, overtaking the Americas. But the feat will be short-lived and the Americas should remain the group's ...
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News briefs
The Outdoor Solutions segment of Jarden Corp. improved its operating...
The Outdoor Solutions segment of Jarden Corp. improved its operating profit by 6.0 percent to $103.6 million in the second quarter as its revenues went up by 11.1 percent to $772.8 million. Excluding the positive impact of foreign exchange rates, sales rose by 3 percent on an organic basis. The ...
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News briefs
Pakistan's Federal Bureau of Statistics has reported that the country's...
Pakistan's Federal Bureau of Statistics has reported that the country's exports of sporting goods rose by 8.3 percent to $323 million for the 2010-11 fiscal year ended June 30. Gloves were the biggest-growing segment, up by 22.1 percent to $119.8 million. The “other sports goods” category was up by 21.4 ...
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News briefs
Comprising essentially Life Fitness, the fitness segment of Brunswick Corp....
Comprising essentially Life Fitness, the fitness segment of Brunswick Corp. recorded a 14.9 percent sales increase to $141.6 million for the second quarter, and its operating profit jumped by 120 percent to $19.1 million for the period. Lower sales increases were recorded in the other segments of the group's business: ...
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News briefs
Under Armour has raised its outlook for this year's growth...
Under Armour has raised its outlook for this year's growth in revenues to between 33 and 35 percent from a previous forecast of 29 to 31 percent, following a better than expected performance in the second quarter, which saw the company's overall sales jump by 42.2 percent to $291.3 million. ...
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News briefs
French sporting goods retailers booked an estimated increase of 12...
French sporting goods retailers booked an estimated increase of 12 percent in their sales during the second quarter, according to the monthly surveys performed by their trade association, FPS, among its members. Excellent weather conditions led to year-on-year sales increases estimated at 14 percent in April and 8 percent in ...
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News briefs
Reporting an 11.6 percent increase at constant currencies in its...
Reporting an 11.6 percent increase at constant currencies in its overall sales for the second quarter, Luxottica indicated that Oakley performed very well, particularly in Europe and Australia. The management said that Oakley's sales would have risen even more if it had not been for capacity constraints, which should be ...
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News briefs
LaCrosse Footwear increased revenues by 2 percent to $27.1 million...
LaCrosse Footwear increased revenues by 2 percent to $27.1 million in the second quarter ended June 25 thanks to strong growth in outdoor sales. The American company's sales to the outdoor market rose by 18 percent to $9.4 million on strong demand for hunting and hiking products. Meanwhile, sales to ...
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News briefs
Confirming a revised forecast made last May, after the release...
Confirming a revised forecast made last May, after the release of strong results for the first quarter, Herbert Hainer, chief executive of Adidas Group, told the Dow Jones news wire a few days ago that the group is on target to raise net earnings by between 10 and 15 percent ...
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News briefs
Otto Group improved its operating earnings before amortizations by 204...
Otto Group improved its operating earnings before amortizations by 204 percent to €667 million in the financial year ended last Feb. 8, resulting in an Ebitda margin of 5.8 percent. Total revenues increased by 12.6 percent to €11.4 billion, with growth in all its three division. Financial services reached the ...
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News briefs
Vulcabras has postponed until some time in 2012 a planned...
Vulcabras has postponed until some time in 2012 a planned public offering of new shares intended to help finance its $50 million investment in an Indian factory, which should initially made uppers for its Olympikus line of athletic shoes. The company, which is also Adidas' partner for the distribution of ...
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News briefs
The members of the Intersport and Sport 2000 buying groups...
The members of the Intersport and Sport 2000 buying groups suffered sales declines in the first six months of this year, due primarily to unfavorable weather conditions and a comparison with a World Cup year. Besides team sports, the snow sports and outdoor categories scored declines of 32 and 3 ...
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News briefs
Salewa's sales rose by 12 percent last year to...
Salewa's sales rose by 12 percent last year to €110 million, while those of Dynafit jumped by more than 30 percent to €40 million. Combined with other operations, including the distribution of Speedo, Rip Curl and other brands, the Oberalp group raised its sales to €165 million in 2010. Footwear ...
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News briefs
Impacted by nearly $1.3 million in litigation charges related to...
Impacted by nearly $1.3 million in litigation charges related to a product liability verdict issued last December, Cybex International reports a net loss of $550,000 for the second quarter ended June 25, worse than the loss of $356,000 sustained in the same period a year ago. The company is appealing ...
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News briefs
JJB Sports has reported that its turnaround plan is coming...
JJB Sports has reported that its turnaround plan is coming along well, but the retail market in the U.K. is difficult and might remain that way for a while. Nonetheless, the company says it remains on track toward its objectives and expects a full turnaround. Financial results for the 22 ...
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News briefs
China Dongxiang, which owns Phenix and the rights to the...
China Dongxiang, which owns Phenix and the rights to the Kappa brand name for China and Macau, is warning investors that the results for the first half ended June 30 may show a 45 percent decline in its turnover. They would thus reach a level equivalent to about 1,489 million ...
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News briefs
Giant Manufacturing reports a 7 percent increase in consolidated sales...
Giant Manufacturing reports a 7 percent increase in consolidated sales for the six months ended June 30 to 22,754 million Taiwanese dollars (€558.9m-$789.4m). However, sales slipped by 1.5 percent during the month of June.
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News briefs
Yue Yuen has reported net income of $272.5 million for...
Yue Yuen has reported net income of $272.5 million for the first half ended last March 31, up from a profit of $222.8 million in the same period a year ago. We already reported on the company's 24.4 percent increase in sales to $3,301.9 million for the same period in ...
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News briefs
Wintersteiger, the Austrian mechanical engineering company, returned to growth last...
Wintersteiger, the Austrian mechanical engineering company, returned to growth last year as its sales jumped by 15.1 percent to €93.4 million, its highest level ever. Wintersteiger's sports division brought in a turnover of €45.4 million, an increase of 4.4 percent compared with 2009. Most encouraging, the company achieved an operating ...
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News briefs
Assosport, the Italian sporting goods industry association, reported at its...
Assosport, the Italian sporting goods industry association, reported at its annual general assembly that the sales of its members had increased by about 8.5 percent last year to reach €3.8 billion, but this is mostly due to new memberships; the sales of existing members inched up by only 1 percent. ...
