Financial insights for the sporting goods industry – Page 50

  • News briefs

    Slinger books a loss on 349% higher sales

    2021-09-16T15:59:00Z

    Slinger Bag, which has been renamed as just Slinger following its diversification into tennis management and the planned release of AI-driven training technology, has reported a net loss of $3,435,312 for the first quarter ended July 31, up sharply from a loss of $1,374,026 in the year-ago period. Sales jumped ...

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    Article

    Crocs wants to triple sales in five years

    2021-09-15T17:23:00Z

    Crocs said it is targeting an operating margin of at least 26 percent on annual sales of $5 billion by 2026, with 50 percent of the turnover or more due to be generated through digital channels. This would compare with an adjusted operating margin of 18.9 percent in 2020 on ...

  • Article

    JD raises FY guidance after record-setting H1 profits

    2021-09-14T16:56:00Z

    JD Sports Fashion reported a profit before exceptional items and taxes of 439.5 million pounds (€515.1m-$608.8m) for the first half ended July 31, up sharply from £61.9 million in the same period a year ago, as acquisitions, the U.S. government’s stimulus package and pent-up demand allowed it to rebound strongly ...

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    Article

    Zumiez performs better than before Covid

    2021-09-13T16:38:00Z

    Zumiez has been performing well, in spite of ongoing retail lockdowns in Europe and Australia. The American action sports retailer, whose holdings include Blue Tomato in Europe and Fast Company in Australia, reported a sales increase of 7.3 percent to $268.7 million for second quarter ended July 31. The turnover ...

  • News briefs

    Online sales help Björn Borg to book a record Q2

    2021-09-09T14:56:00Z

    Strong online sales and savings in operating costs launched in 2020 helped Björn Borg to book the best second quarter in the Swedish company’s history. Total net revenues for the three months ended June 30 reached 162.8 million (€16.0m-$18.9m), an increase of 10.0 percent from the year-earlier period. The company’s ...

  • News briefs

    Callaway and acquired brands perform better than expected

    2021-09-08T14:28:00Z

    Callaway Golf Company has upgraded its guidance for the third quarter and the full financial year after mitigating some supply issues and registering higher-than-expected results at TravisMatthews, Jack Wolfskin and Topgolf in July and August. The group said it has successfully shifted some production out of Vietnam to avoid Covid-related ...

  • Article

    Big Chinese sports apparel manufacturer vaccinates its workers

    2021-09-07T16:43:00Z

    While reporting lower profit margins, Shenzhou International warned that its overall annual production capacity will be reduced by one to two percentage points for every 14 days of anti-pandemic measures being taken. The leading Chinese sportswear manufacturer arranged vaccinations for its workers in Cambodia, allowing them to return to work ...

  • News briefs

    Symphony Holdings grows by 82%

    2021-09-07T16:42:00Z

    Symphony Holdings has reported an 82 percent increase in revenues to 221.9 million Hong Kong dollars (€24.1m-$28.6m) for the first half of this year. Branding revenues from Arena products, licenses for Pony and Skins, and the healthcare business jumped by 155 percent to HK109.8 million (€11.9m-$14.1m). Symphony has a joint ...

  • News briefs

    USWE turns around on higher sales

    2021-09-01T17:05:00Z

    USWE, the Swedish outdoor and sports brand known for its bounce-free backpacks, reported a jump of 253 percent in net sales to 29.3 million Swedish kronor (€2.86m-$3.37m) for the three months to June 30. It generated an operating profit before depreciation and amortization (Ebitda) of SEK 5.58 million (€0.55m-$0.64m), or ...

  • News briefs

    Golf offsets winter sports at Alpen in Japan

    2021-09-01T17:05:00Z

    Sales of winter sports products fell by 16 percent to 6,628 million yen (€51.5m-$60.3m) for the financial year ended June 30 at the Alpen Group, one of the major sporting goods retailers in Japan, mainly due to a lack of snow because of a warm winter season. Total revenues increased ...

  • Article

    Peloton cuts bike price again, signals growth slowdown after Q4 loss

    2021-08-27T17:23:00Z

    Peloton Interactive cut the price of its original stationary bike again and signaled that slower growth is on the horizon after posting a hefty net loss in the fourth quarter of its fiscal year. The company reported a net loss of $313.2 million for the quarter ended June 30, against ...

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    News briefs

    Polygiene's sales momentum continues after strong Q2

    2021-08-27T10:59:00Z

    Polygiene reported sales of 46.9 million Swedish kronor (€4.6m-$5.4m) in Q2, up by 171 percent on the year earlier and accelerating from the already strong 141 percent growth rate seen in the previous quarter, as its top line continued to benefit from the addition of Addmaster Holdings, a global supplier ...

  • Stella
    Article

    Stella builds up capacity in Indonesia, sees profit turnaround in H1

    2021-08-26T16:44:00Z

    The Hong-Kong-based footwear manufacturer and retailer Stella International expects its new factory in Solo, Indonesia, to come on stream in the third quarter of 2021 as the company continues to increase production outside the Chinese mainland. The plant is expected to contribute to overall sales in 2022. Solo will be ...

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    News briefs

    Tecnica grew by 27% in H1, performed better than in 2019

    2021-08-25T15:54:00Z

    Tecnica Group posted revenues of €173.7 million in the first half ended June 30, representing a 27 percent increase as compared to the same period of last year. Ebitda jumped to €17.1 million from €2.7 million in the first half of last year. The net result was a loss of ...

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    Article

    Brooks’ growth in Europe should accelerate to 40% in 2021

    2021-08-24T17:15:00Z

    Brooks Running reported average sales growth of 52 percent in Europe for the first half of 2021 in a press release, forecasting an increase of around 40 percent for the whole year, after a rise of 10 percent in 2020. The main Southern European markets grew significantly faster in the ...

  • Article

    Xtep reports solid growth for first six months in 2021

    2021-08-24T17:12:00Z

    Xtep International reported revenue growth of 12.4 percent to 4.13 billion yuan renmimbi (€544m-$639m) in the first half of 2021. The gross margin improved by 1.3 percentage points to 41.8 percent and the net profit grew by 72.0 percent to RMB 426.5 million (€56.1m-$65.9m). The group has completed a multi-faceted ...

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    Article

    Anta's sales go up by 55.5%, profits more than double in H1

    2021-08-24T16:45:00Z

    Anta Sports Products saw revenues jump by 55.5 percent to 22,812 million yuan renminbi (€2,999m-$3,524m) in the six months ended June 30, supported by strong growth in all brands and benefiting from the easing of Covid-19 restrictions. Like other Chinese sports companies, Anta has also seen demand boosted amid government-backed ...

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    Article

    Super Retail Group sees sales up 22%, new lockdowns cause worry

    2021-08-23T16:02:00Z

    Super Retail Group, the Australian company that owns the Rebel Sport, Boating Camping Fishing (BCF) and Macpac retail chains, generated sales in the fiscal year ended June 26 of 3,453 million Australian dollars (€2,119m-$2,487m), a 22 percent increase on the year-earlier figure and 23 percent higher on a comparable store ...

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    News briefs

    Angling Direct grows by 19.5% despite pandemic disruption

    2021-08-23T09:12:00Z

    Angling Direct, the British fishing equipment retailer, saw its total revenues increase by 19.5 percent to £38.4 million (€44.8 million) in the six months to July 31, although it was forced to temporarily close all its stores again at the beginning of the year due to Covid-19 restrictions. Revenues rose ...

  • Article

    Globe’s sales rise 76% as online business, North America lead the way

    2021-08-20T17:08:00Z

    Globe International, the Australian-based multi-brand skate company, saw sales and profits soar in its fiscal year ended June 30, as it benefited from rapid growth in its online business and its ownership of brands involved in activities that many consumers continued to participate in throughout the Covid-19 pandemic. Sales increased ...