Financial insights for the sporting goods industry – Page 39
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News briefsNew Wave Group expects to beat Q1 market expectations
Sweden-based New Wave Group, which owns brands such as Craft and Cutter & Back and distributes several others, said in a press release that it is forecasting higher sales and earnings than the market expectations for the first quarter. On April 12, New Wave said its operating profit for the ...
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News briefs
Intersport Spain’s sales up by 1.9% in Q1
According to CMDsport, sales at Intersport Spain were up year-on-year by 1.9 percent, to €57.5 million, for the first quarter of 2022. Full-year sales for 2021 amounted to €246 million, up by 15 percent from 2020 but still 14 percent shy of 2019’s €287 million. Although revenues are but halfway ...
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ArticleWintersteiger returns to profit, plans spin-off of its divisions into independent entities
Wintersteiger, the Austrian supplier of ski rental and ski service systems, reports a return to growth and profit in 2021. After a pre-tax loss (Ebt) in 2020 of just under €10 million and a 26 percent drop in sales, the group was back on track for growth in 2021, reporting ...
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ArticleRevenues up by 18% at Decathlon France, up 21% globally
While global sales reach a new record with €13.8 billion in 2021, France remains the most important market for Decathlon.
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ArticleAnalysis: Sporting Goods Industry stocks fell more than 16% in Q1 2022
According to SGI Europe’s quarterly study of selected public sporting goods industry stocks, their average share price fell by 16.25 percent on a sequential basis in the first quarter of 2022, in contrast with the performance of some major stock indexes during the same period. The Standard & Poor’s 500 ...
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ArticleLululemon keeps chugging, posts first annual profit in the EMEA
Lululemon Athletica, continuing to deal with supply chain and Covid headwinds in 2021, delivered 47 percent topline growth in 2021 to almost $6.26 billion as it initiated strategies to broaden its reach with current, new, and international customers. The annual operating profit rose by 63 percent to $1.33 billion last ...
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ArticleRe-commerce market leader momox increases revenue to €335 million in 2021
The Germany-based, European re-commerce market leader momox continues to be on a growth course and looks back on a successful business year 2021 with an increase in sales to € 335 million. The focus of the past fiscal year at momox AG – the transformation of momox GmbH to a ...
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ArticleTechnogym’s strong wholesale growth driven by three regions
Technogym achieved 42 percent growth in wholesales revenues in 2021 to €145.3 million, driven by South Korea, Thailand, Malaysia, Saudi Arabia, Turkey, India and the central-northern region of Europe. For the year, the Italian wellness company delivered 75 percent growth in net income attributable to shareholders at €63.1 million versus ...
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Article361 Degrees to pump more resources into e-commerce
361 Degrees, which realized 55 percent e-commerce growth in 2021 to 1,227.4 million yuan renminbi (€174.6m), intends to invest more resources and marketing muscle into the segment this year to fuel further growth via exclusive online products and more brand exposure on social media channels. In 2021, net income attributable ...
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ArticleKMD Brands will look to regain growth footing in second half of the year
KMD Brands, which rebranded itself from Kathmandu Holdings Ltd. earlier this month, reported an Ebit loss of NZ$5.5 million (€6.1m) for the six months ended Jan. 31. Total revenues declined by less than 1 percent to NZ$407.3 (€245.2m) as the gross profit margin slid to 57.7 percent from 59.0 percent ...
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ArticleNike encouraged by China, digital momentum as golden anniversary looms
Nike, Inc., which will commence its 50th anniversary in May, exceeded its latest guidance for revenues and diluted earnings per share in the third quarter ended Feb. 28, despite persistent product transit woes into its home North American market and marketplace demand that exceeded the available supply. Net sales grew ...
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ArticleRossignol bounces back in 2020/21
After the as good as ski-free season 2020/21, Rossignol is reporting growth in all markets for the winter now coming to an end. Skiers were back in force at lodges around the world, says the group, which enjoyed year-on-year rises in revenue of 24 percent in North America, 30 percent ...
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ArticleDTC, e-commerce drive topline for Anta Sports Products
Anta Sports Products’ annual operating income rose by 20 percent in 2021 to 10,989 million yuan renminbi (€1.57b) as total revenue increased by 39 percent to RMB 49,328 million (€7.01b). Net income attributable to equity shareholders was 50 percent higher at RMB 7,720 million (€1.16b) for the 12 months ended ...
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News briefsSlinger with losses in Q3 shortly before anticipated app launch
Sports technology company Slinger, known for the Slinger Bag, reported a net loss for the third quarter ended Jan. 31 that widened 84 percent to $2.37 million from $1.29 million on a 2 percent increase in revenue to $4.20 million from $4.12 million. Slinger sold more than 7,200 tennis ball ...
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News briefsLuanvi expects 15% sales growth from increased international presence
Luanvi expects to see its revenues grow by 15 percent this year compared to 2021, with sales reaching €16.6 million. As reported by Palco23, growth is expected to come from expanded international presence through local distributors. The Spanish brand will put a special focus on Latin America and France. Luanvi ...
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ArticleFila Holdings’ annual profit is bolstered by Acushnet and China
Fila Holdings reported consolidated group revenues of 3,793,959 million Korean won (€2.83bn) for the financial year ended Dec. 31, up 21.3 percent year-over-year in reported terms and 24.4 percent higher in constant currencies. Annual net income increased by 71 percent to KRW 337,809 million (€252.2m). The gross margin improved slightly ...
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ArticleLi Ning posts strong annual results on similar gains from retail, online
Li Ning Company generated a 137 percent increase in operating profit (Ebit) to 5,328,237,000 yuan renminbi (€758.1m) for the 12 months ended Dec. 31 as total revenues grew by 56 percent to RMB 22,572.3 million (€3.21bn). The gross profit margin for the year rose to 53.0 percent from 49.1 percent ...
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ArticleXtep’s five-year revenue target will be bolstered by retail expansion
Xtep International, whose business model is a combination of its own label for China’s mass market and four western brands (K-Swiss and Palladium worldwide, and joint ventures for Merrell and Saucony in China) targeting the premium end, wants to take its Xtep brand to 20.0 billion yuan renmimbi (€2.86bn) and ...
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News briefsStella will produce more in Indonesia
While starting up its new shoe manufacturing facility in Solo, Indonesia, Stella International Holdings Limited is already planning to add a second factory to make 15 million pairs a year in the country, following a $120 million investment from its largest client, which represented 34 percent of its revenues last ...
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ArticleOn is expanding ranges and partnerships after a strong 2021
On Holding AG, which filed its initial public offering on the New York Stock Exchange last September, is making moves to establish a firm foothold as a global performance brand and broaden its reach among consumers worldwide through new distribution channels and a product assortment that stretches beyond premium running ...
