Financial insights for the sporting goods industry – Page 43

  • Allbirds
    Article

    Driving toward breakeven results, Allbirds preps a wholesale strategy

    2022-02-24T16:14:00Z

    Allbirds reported positive adjusted Ebitda of $0.4 million for the fourth quarter of 2021, compared with a loss of $5.3 million in the corresponding period of 2020, thanks to higher revenues combined with a reduction in marketing expenses from 29.8 percent to 19.1 percent of sales. The company attributed the ...

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Sweaty Betty delivers for Wolverine as Q4 revenues rise

    2022-02-24T12:18:00Z

    Wolverine Worldwide swung to a better-than-expected annual profit and narrowed final-quarter losses, boosted by its recent acquisition of Sweaty Betty, the U.K.-based brand of women’s fitness apparel, and it forecast sales growth of 15-18 percent for 2022. The Michigan-based owner of Merrell, Saucony, Sperry, Keds and other brands reported a ...

  • PUMA-Headquarters4
    Article

    Puma sees 2022 sales up at least 10%, headwinds from higher costs, China

    2022-02-23T17:22:00Z

    With its traditional conservative approach, Puma said it expects currency-adjusted sales to increase by “at least 10 percent” in all the regions in 2022, despite a very strong order book, but warned that higher freight and raw material costs would weigh on profits, while an ongoing consumer boycott in China ...

  • Brooks_Sports_201x_logo-2
    Article

    Brooks crosses the $1 bn milestone, growing by 31% globally and by 25% in EMEA

    2022-02-22T17:21:00Z

    Crossing the magic $1 billion milestone for the first time, Brooks Running reported a 31 percent sales increase to $1.11 billion in 2021. Brooks EMEA added that its turnover in the region grew by 25 percent in terms of local currencies, despite retail closures and other challenges, with France, Italy ...

  • JD Sports Fashion
    News briefs

    JD raises its profit forecast

    2022-02-22T15:19:00Z

    JD Sports Fashion indicated a few days ago that it expects to report pre-tax earnings of at least £900 million (€1,074m) for the financial year ended Jan. 29, up from previous guidance of £750 million given in September and £810 million on Jan. 12. On the other hand, the international ...

  • Logo-Yonex.svgz
    Article

    Yonex jumps by 51.1%

    2022-02-21T17:02:00Z

    Yonex’ revenues jumped by 51.1 percent to 53.9 billion yen (€410m) in the first nine months of its financial year, including an indicated 41 percent increase to 19.2 billion yen (€150m) in the third quarter ended Dec. 31. Sales rose in the nine months by just 37.1 percent to ¥27.3 ...

  • crocs
    Article

    Crocs expects $6 billion in sales in 2026

    2022-02-18T12:35:00Z

    Crocs exceeded $2.3 billion in revenues last year and expects to reach a turnover of $6 billion in 2026, thanks to the takeover of Heydude and organic growth driven by its digital business. The U.S. footwear company posted a strong fourth quarter with an increase of 42.6 percent in sales ...

  • png-transparent-car-dunlop-tyres-goodyear-tire-and-rubber-company-sport-car-logo-text-sport-logo
    News briefs

    Dunlop posts double-digit growth in Q4

    2022-02-18T12:34:00Z

    Sumitomo Rubber’s Dunlop Sports business, which includes the Srixon, Cleveland and XXIO brands of tennis, squash, padel and golf products, reported a 29 percent increase in operating profit to 1.44 billion yen (€11.0m) from ¥1.12 billion, on fourth-quarter sales growth of 24 percent to ¥25.33 billion (€193.5m) from ¥20.46 billion. ...

  • globeride
    News briefs

    Globeride posts single-digit growth in Q3

    2022-02-18T12:31:00Z

    Globeride, the Japanese parent company of the Daiwa golf and fishing brand, reported a third-quarter net income of 2.3 billion yen (€17.6 million), 5 percent more than in the same period of the previous year. Sales increased 8 percent from ¥26.9 billion to ¥28.9 billion (€221.2m). Sales in Europe declined ...

  • garmin
    Article

    Garmin says diversification is key to 2022 growth, but Q4 net dips

    2022-02-17T16:09:00Z

    Garmin is currently forecasting 10 percent revenue growth in 2022 to $5.5 billion, driven by new product introductions and strong market trends in at least three of its operating segments. The company reported a 14.2 percent decline in fourth-quarter net income to $286.1 million from $333.5 million for the period ...

  • alpargatas logo
    Article

    Alpargatas sold over 12m pairs of Havaianas in Europe last year

    2022-02-16T16:29:00Z

    Havaianas, the brand of rubber sandals owned by Alpargatas, generated the equivalent of €115.4 million in revenues in Europe, the Middle East and Africa (EMEA) last year, representing a 35 percent year-over-year increase. Results were driven by the Sparkle flip-flop line and the Beyond Core category that grew 28 percent ...

  • BasicNet-33410-logo
    Article

    BasicNet sees significant sales growth in Q4

    2022-02-15T16:42:00Z

    BasicNet said it posted “significant” growth at the end of 2021, with consolidated revenues in the fourth quarter jumping by 26.5 percent from the year-earlier period to €80.0 million, marking an improvement of over 14 percent on 2019. BasicNet, the Italian-based parent company for brands such as Kappa, K-Way, Superga ...

  • Under Armour
    Article

    Potential supply chain constraints may hamper Under Armour’s progress

    2022-02-14T15:06:00Z

    The EMEA was the shining region for Under Armour in both the fourth quarter and the full year 2021. In the final period ended Dec. 31, the company’s EMEA revenues rose by 23 percent on a currency-neutral basis to $200.2 million, driven mostly by wholesale gains, lifting the operating margin ...

  • kathmandu holdings logo
    Article

    Kathmandu climbing despite Covid, supply chain impacts

    2022-02-14T09:59:00Z

    Profits went up at Kathmandu Holding in its second quarter, ended Jan. 30, despite the global pandemic’s impact on its operations. In a preliminary trading update for its first half, the New Zealand-based parent of the Kathmandu, Oboz and Rip Curl brands said its results improved despite lower retail traffic, ...

  • static.franchisedirect.ie
    Article

    Kuenzi will join The Athlete’s Foot after a 24% sales gain

    2022-02-11T17:27:00Z

    The 550-odd stores and websites affiliated with The Athlete’s Foot (TAF) around the world raised their sales by 24 percent to a new record of $503 million in the past year, said the Arklyz Group, which acquired the chain from Intersport International Corp. in July, surpassing the originally set target ...

  • New Wave Logo
    Article

    Sports & Leisure drove New Wave’s sales growth

    2022-02-11T17:13:00Z

    The Swedish-based New Wave Group, which owns sports brands like Craft and Cutter & Back and distributes several others, saw total sales in the fourth quarter increase by 23 percent to 2,307 million Swedish kronor (€218.7m-$249.3m), with the growth driven by the Sports & Leisure segment. At constant currency rates, ...

  • Article

    Amer may reach a 13% Ebit margin on 20% higher sales, says S&P

    2022-02-11T17:07:00Z

    Standard & Poor’s Global has upgraded its ratings for Amer Sports, largely echoing the positive comments made last month by Moody’s. S&P sees Amer’s growth accelerating to 20 percent in 2022 from 15 percent in 2021, followed by mid-single-digit increases in 2023 and 2024, thanks in part to investments in ...

  • Callaway_Logo
    Article

    Callaway sees robust growth continuing, Jack Wolfskin relaunch proceeding well

    2022-02-11T17:06:00Z

    Callaway Golf predicted another year of robust topline growth in 2022, after revenues in the fourth quarter jumped by 90.0 percent to $711.7 million, benefiting from the addition of Topgolf earlier in the year and “strong momentum” at Jack Wolfskin and TravisMathew. The growth for the new year is expected ...

  • Canada Goose
    Article

    Canada Goose cuts guidance as sales disappoint

    2022-02-10T18:04:00Z

    Canada Goose cut its guidance for the full year, citing lower-than-expected revenues and retail traffic in EMEA and APAC regions in the ongoing fourth quarter of its financial year due to new restrictions imposed in the wake of outbreaks of the Omicron coronavirus variant. The company now expects to post ...

  • Descente Logo
    News briefs

    Descente’s nine-month sales rise by 15%

    2022-02-10T18:03:00Z

    Descente’s total sales grew by 15 percent to 76,681 million yen (€589.6m-$698.5m) in the nine-month period ended Dec. 31, 2021, with an increase of 13 percent in the third quarter, leading to an operating profit of ¥4,380 million (€33.7m-$39.9m) against a loss of ¥2,454 million in the corresponding nine-month period ...