Financial insights for the sporting goods industry – Page 3
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ArticleSaucony parent completes first turnaround strategy
Merrell and Saucony parent Wolverine, in reporting Q4 and FY24 results, said the first phase of its turnaround strategy, with its cost cuts and margin expansions, is complete.
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ArticleAsics’ FY operating income hits record high
The running business was helped by a focus on higher-end product and “significant” sales growth in Greater China and Southeast/South Asia. European sales increased by 10.9 percent to ¥99.8 billion (€624.5m).
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News briefsPerfect Moment reports Q3 operating loss
The luxury skiwear and lifestyle group reported an operating loss of $1,294,000 against a profit of $728,000 for the three months ended Dec. 31.
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ArticleRemarkable FY 2024 at Grupo Padelpoint
Spain’s Grupo Padelpoint, with its various business lines, came close to doubling its annual revenue in full-year 2024, achieving growth of 93 percent, to €25 million, according to CMDsport.
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ArticleMoncler continues double-digit DTC growth in 2024 as wholesale falls
Moncler Group, the Italy-based parent of the Moncler and Stone Island brands, saw full-year 2024 consolidated revenues increase 7 percent.
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ArticleCrocs Q4 2024 revenues up 3.1% to $990m
Crocs Inc. shares jump on strong DTC gains and growth inversion at HeyDude.
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ArticleShimano suffers drop in FY24 operating income
The Japanese group, citing weak sales of completed bicycles in several regions, reports a 22.2 percent drop in annual operating income to ¥65,085 million (€414.1m) for the 12 months ended Dec. 31.
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News briefsEurope drives BasicNet revenue growth in 2024
The Italian group, which owns Kappa, Superga, Superga, and more, reported consolidated revenues of €409.2 million in 2024.
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News briefsYonex nine-month operating income rises
The Japanese group Yonex has reported a 39 percent increase in operating income to ¥11,391 million (€72.5m) for the nine months ended Dec. 31.
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ArticleFenix Outdoor suffers 3.3% year-over-year sales drop
Fenix Outdoor International AG, despite some winter merchandise shortages and some credit problems with North and South American customers, reported an operating profit of €2.4 million against €0.4 million for the period ended Dec. 31.
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News briefsYue Yuen offers FY profit guidance, warns on potential tax impact
Yue Yuen’s manufacturing group saw growth in gross and operating profit due to increased capacity utilisation and product efficiency.
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ArticleGoldwin’s nine-month operating profit slips
The Japanese group said warmer weather hurt sales of down jackets and other cold weather gear in October and November.
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ArticleXXL revenues contracted 1.8% in Q4
Despite continued negative market developments in the Nordic sports and outdoor markets, the Group’s results are benefiting from a cost reduction programme.
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ArticleSkechers delivers record annual sales in FY24
The FY24 results of Skechers are the company’s best ever in terms of sales, boosted by the footwear brands’ comfort-technology products.
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ArticleUnder Armour’s operating income in Q4 slipped by 81%
“We’re dedicated to strengthening our brand with the understanding that this journey is not a sprint, but a marathon that requires resilience and thoughtful strategy,” President Kevin Plank told analysts.
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ArticleGoPro reports another loss, cuts costs by 30%
Facing revenue declines and delayed product launches, GoPro slashes costs and refocuses on growth to regain profitability by 2026.
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ArticleMizuno posts record sales and 16.5% growth, fueled by soccer and lifestyle footwear
Mizuno’s total nine-month revenues increased by 4.4 percent year-over-year to €1.11bn, fueled by 17 percent growth in soccer sales to €96.9m.
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ArticlePeloton Interactive lifts guidance as Q2 loss narrows
The group, citing faster-than-expected operating expense reductions and greater confidence in full-year hardware sales, has raised its FY25 outlook for adjusted Ebitda and free cash flow.
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ArticleBrooks Running achieved sales growth of 228% in China 2024
Global expansion were the key words for Brooks in 2024. The Seattle-based company realized a 228 percent year-over-year sales growth rate in China in 2024 and expanded its U.S. specialty retail channel business by 19 percent.
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ArticleCanada Goose delivers higher operating profit, lower sales in Q3
Operating income rose by 2.8 percent to C$204.3 million (€137.3m) for the period ended Dec. 29 as net income attributable to shareholders improved by 7.0 percent to C$139.7 million (€93.9m).
