Financial insights for the sporting goods industry – Page 42

  • Xtep_company_logo
    Article

    Xtep’s five-year revenue target will be bolstered by retail expansion

    2022-03-21T07:19:00Z

    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 ...

  • Stella Holdings_Logo
    News briefs

    Stella will produce more in Indonesia

    2022-03-21T07:18:00Z

    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 ...

  • on-running-logo8_800x800
    Article

    On is expanding ranges and partnerships after a strong 2021

    2022-03-18T17:00:00Z

    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 ...

  • Yue Yuen
    Article

    Yue Yuen turns around despite a volatile operating environment

    2022-03-16T17:23:00Z

    The annual net income of the world’s largest maker of athletic, casual and outdoor footwear hit $115.1 million in 2021 against a loss of $90.8 million in the prior year. Yue Yuen made an operating profit (Ebit) of $175.4 million for the year against an operating loss of $51.4 million, ...

  • Tecnica Logo Kopie
    Article

    Tecnica Group shows resilience

    2022-03-14T16:32:00Z

    Sales grew by 21.8 percent to €466 million in 2021 for the Tecnica Group, leading to a 40 percent improvement in operating earnings (Ebitda) to €77 million for the year, despite adverse factors like the Covid-19 epidemic, higher prices for raw materials, which were said to have been in limited ...

  • Dorel_logo
    News briefs

    Dorel Sports grows by 5.8% in Q4

    2022-03-11T17:12:00Z

    Dorel Sports, which is now listed as a discontinued operation in the accounts of Dorel Industries following its recent $810 million sale to the Pon Group, saw its net profit improve by 21.8 percent to $2.29 million in the fourth quarter ended Dec. 30, according to its parent company, although ...

  • 393_SMP-zumiez-logo
    Article

    Ratcheting up European store growth, Zumiez sees a path to break-even in the region

    2022-03-11T16:33:00Z

    Elaborating on its recent strong growth outside North America, Zumiez said it intends to open 14 new stores in various European countries in 2022, including two new markets, to take its door count across the continent to 81 locations. They will be branded as Blue Tomato, the European banner of ...

  • Vulcabras
    Article

    Mizuno and Under Armour help Vulcabras to sell more athletic shoes and apparel

    2022-03-10T17:12:00Z

    Vulcabras’ net income rose by 49 percent to 81.3 million Brazilian reais (€14.6m) in the fourth quarter of 2021. Operating earnings (Ebit) went up by 58 percent to R$89.3 million (€16.1m) in the period ended Dec. 31, as the gross margin hit 36.1 percent versus 32.7 percent a year earlier ...

  • Adidas_Logo.svgz
    Article

    Adidas sees sales continuing to fall in Q1 but is optimistic for the year

    2022-03-09T17:21:00Z

    Adidas is projecting that its sales would decline by a mid-single-digit rate in the first quarter of 2022 as continued supply shortages due to Covid-19 lockdowns in Vietnam late last year are seen shaving some €600 million of its top line during the period. They already shaved €400 million from ...

  • amazon-logo
    News briefs

    Amazon acquires e-commerce software provider; European business growth slower than in 2020

    2022-03-09T07:23:00Z

    It has just been disclosed that Seattle-based Internet giant Amazon acquired Veeqo last November, a software startup based in Swansea, Wales, founded in 2013. Veeqo provides software that helps retailers manage their online businesses across e-commerce platforms such as Amazon, eBay, Shopify and Walmart – from shipping orders and returns ...

  • Sport-2000-logo
    Article

    Sport 2000 Germany reports best result in company history; outdoor, ski touring leading the pack

    2022-03-08T09:23:00Z

    Sport 2000 GmbH continues to grow in Germany. The factored purchasing volume and external sales of the affiliated partner companies in Germany gave Sport 2000 the best result in the company’s history in 2021. As a result, Sport 2000 defends the position it already held in 2019 as Germany’s largest ...

  • signa-spouni-logo-cmy-color-pos-1-1
    Article

    Signa Sports United grows by only 10.6% as bike supply issues persist

    2022-03-02T16:33:00Z

    Signa Sports United (SSU), which continues to be hampered by supply chain issues within its full-bike segment, grew first-quarter revenues by 10.6 percent to €213 million due to strong sales gains within its tennis (+43 percent) and outdoor equipment (+20 percent) segments. Excluding sales of full bikes, first-quarter revenues climbed ...

  • NEW-SLA-JAAF_LOGOxxx-01
    Article

    Sri Lanka’s apparel exports in January set 5-year record

    2022-03-02T14:51:00Z

    Sri Lanka’s January 2022 apparel exports reached the highest level for that month in the last five years. This performance demonstrates the underlying strength of the industry, which has recovered from ongoing shocks from the impact of the pandemic over the past two years. Sri Lanka’s garment export revenue increased ...

  • Acushnet-Company-logo
    Article

    Acushnet suffers setback in Q4, but had a solid year thanks to global golf boom

    2022-03-02T11:08:00Z

    The Titleist, FootJoy and Kjus parent reported a fourth-quarter operating loss of $21.9 million versus an operating profit of $27.1 million. The reported net loss was $26.4 million for the period ended Dec. 31. Quarterly revenues were essentially flat at $420.6 million versus $420.5 million. Sales in the EMEA rose ...

  • Zalando
    News briefs

    Zalando reaches targets but publishes disappointing guidance

    2022-03-02T09:57:00Z

    Zalando posted better-than-expected sales in 2021 but released a disappointed guidance for 2022, which prompted the company’s share price to drop nearly 10 percent on the day. In the full year ended Dec. 31, the German online fashion retailer posted a 29.7 percent increase in revenues to €10.35 billion, compared ...

  • bjorn-borg-uppsala-01-600x450
    News briefs

    Björn Borg reports successful Q4, ends year with strong momentum

    2022-02-28T15:22:00Z

    From Oct. 1 to Dec. 31, 2021, the Swedish, Solna-based Björn Borg Group’s net sales amounted to 180.6 million Swedish kronor (€16.9m), an increase of 12.6 percent. Net sales of company-owned e-commerce and e-tailer businesses amounted to SEK 63 million (€5.9m) in the fourth quarter, an increase of 9.6 percent. ...

  • Moncler-Logo
    Article

    Moncler’s 2021 sales surpass €2 billion

    2022-02-28T09:05:00Z

    Moncler’s preliminary consolidated financial results showed revenues of €2,046.1 million for the full year ended Dec. 31, 2021, marking a 44 percent increase compared to 2020 and a 28 percent increase compared to 2019, generating an adjusted gross margin of 76.6 percent. These figures include nine months of sales for ...

  • Compass-Diversified
    Article

    CoDi foresees slower growth in 2022, postpones 5.11 IPO

    2022-02-28T07:19:00Z

    Compass Diversified (CoDi), citing supply chain and inflationary issues and lower year-over-year demand for products within its Velocity Outdoor business, is forecasting a temporary slowdown in its 2022 growth rate that will likely be lower than its long-term growth rate target. Also, the company, whose portfolio includes Boa Technology and ...

  • Foot_Locker_Logo
    Article

    Foot Locker shares take hit on waning Nike product assortment

    2022-02-28T05:32:00Z

    Foot Locker’s share price fell by $12.30, or 29.7 percent, on Friday after the retailer told investors that its allocation of key Nike products would decline this year to no more than 55 percent of its overall merchandise assortment by the fourth quarter, adding that its 2022 outlook will fall ...

  • Polygiene
    Article

    Sales surge in Polygiene’s Q4 despite logistics and raw material supply challenges

    2022-02-25T10:57:00Z

    Polygiene saw revenues in the fourth quarter rise by 51 percent to 40.2 million Swedish kronor (€3.7m) as demand for its anti-microbial products continued to be strong, but logistics challenges and raw material shortages also persisted. In the fourth quarter, operating profit before tax totaled SEK 6.2 million (€578,120), making ...