Financial insights for the sporting goods industry – Page 2
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ArticleYue Yuen posts strong manufacturing but weak retail results
Yue Yuen generated strong nine-month manufacturing results but the group’s retail arm, Pou Sheng Intl., suffered from soft sales momentum with weak traffic across various Chinese cities.
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ArticleAcushnet sales up in Q3, but profit dips
Titleist golf ball sales rose by 18.2 percent to $213.9 million year-over-year, helped by the introduction of new GT drivers and Fairway metals.
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ArticleYonex lifts FY outlook after strong H1
By segment, badminton sales rose 16 percent to ¥40.6 million (€248.4m) from higher revenues in Japan and overseas.
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ArticleSaucony eyes easier sales comparisons, expanded US distribution in 2025
Parent Wolverine Worldwide believes the brand’s turnaround is underway and working thanks to new product introductions, design improvements and lower retail inventory levels.
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ArticleMizuno H1 operating profit up 20 percent, maintains FY outlook
Soccer boots and lifestyle footwear sales stepped higher, and the company reported improved gross margins with On Running shoes.
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ArticleGoPro’s ‘challenging year’ continues in Q3
The GoPro group suffered a 112 percent increase in year-over-year operating loss to $8.0 million versus a loss of $3.8 million in Q3.
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ArticleAsics’ momentum continues, moving HQ in 2028
The Japanese group’s nine-month results were bolstered by significant sales increases within its Sportstyle and Onitsuka Tiger segments in North America and China.
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ArticleCanada Goose results impacted by weak DTC comps
The Canadian group’s Q2 saw a 30% drop in operating income amid declining wholesale and DTC sales, but a tax recovery lifted profitability by 54% to C$6.3M.
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ArticleAlpargatas turns Q3 profit as international, Rothy’s improve strongly
Alpargatas, the parent company of flip-flop brand Havaianas, is on the right move again.
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News briefsGoldwin six-month operating profit dips by 14 percent
Goldwin reported a 14.1 percent drop in operating profit to 5,214 million yen (31.5 million euros) from 6,070 million yen for the six months ended September 30.
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ArticleAllbirds lowers operating loss as turnaround moves forward
Allbirds group’s Q3 operating loss was $21.8 million against a year-ago loss of $30.1 million for the period ended Sep. 30.
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ArticleUnder Armour’s turnaround strategy taking shape
With Kevin Plank in the lead Under Armour is gaining speed. In Q3 the company reports a 24 percent increase in Q2 operating income to $173.1 million from $139.5 million for the period ended Sep. 30.
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ArticleNew Wave expects ‘a few more challenging quarters’ as sports & leisure Q3 sales flatline
Sweden-based New Wave, which counts Craft, Cutter & Buck and Ahead among the brands in the sports & leisure segment, saw promotional sales in the segment rise by 7 percent.
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ArticleXXL sees some recovery in Sweden, reports another loss
The struggle to reach profitability for Scandinavin sporting goods retail group XXL is far from over. In Q3, ended Sep. 30, group Ebit was NOK -191 million (-€16.0m) versus NOK -155 million in the year-ago period.
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ArticlePuma maintains FY24 outlook as Q3 sales rise in all regions
The Puma group continues to expect a mid-single-digit (ca) annual sales increase and an FY24 Ebit range of €620 to €670 million, flat to up 7.8 percent for the period.
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ArticleVulcabras’ profit rises 35 percent in Q3
The Brazilian footwear group’s Ebitda margin expanded by 90 basis points to 25.1 percent for Q3. The company’s gross margin inched up by 20 basis points to 43.1 percent from 42.9 percent.
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ArticleZalando reports solid growth in B2C and B2B in Q3
The online retailer’s Q3 revenue grows 5% to €2.4bn, with strong gains in B2C and B2B. Investments in loyalty and lifestyle boost customer engagement.
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News briefsRVRC sees strong sales growth in September
The DTC outdoor company reports solid September growth and prepares for new product launches in a seasonally strong quarter.
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ArticleGildan sales outside North America increase by 20% in Q3
Gildan, the Canadian activewear group, reports Q3 operating income up 24.5 percent.
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News briefsBasicNet’s nine-month Ebitda dips by 9 percent
The group expects Q4 results to be essentially flat with year-ago results.
