Financial insights for the sporting goods industry – Page 50

  • Slinger Bag
    Article

    Slinger Bag raises new funding to become a major connected sports firm

    2021-08-11T17:19:00Z

    Slinger Bag, the recently founded supplier of portable tennis ball launchers, reports an oversubscribed round of financing through a private placement of $11 million, giving it a valuation of around $220 million. The new fudning is intended to support its vision to become “a leading connected sports company” with key ...

  • Vulcabras
    Article

    Vulcabras’ sales growth accelerates in Q2, driven by athletic footwear

    2021-08-11T16:25:00Z

    Vulcabras, the Brazilian footwear company that owns Olympikus and has licenses with Mizuno and Under Armour, saw sales growth accelerate in the second quarter of 2021, despite continued headwinds tied to the Covid-19 pandemic. Its revenues soared by 304.7 percent on the year earlier to 399.4 million Brazilian reais (€65.6m-$77.0m), ...

  • News briefs

    Diadora grows strongly in the U.S.

    2021-08-11T16:11:00Z

    Diadora is projecting growth in the mid-teens for this year. In 2020, the pandemic led the Italian brand to a decline in consolidated revenues to €138 million from €168 million in 2019. Sales are on the rise particularly in the U.S. and the Benelux countries. In the U.S., Diadora expects ...

  • Mizuno
    Article

    Mizuno’s Q1 sales rise 49.6%, nearly doubling in EMEA

    2021-08-11T16:11:00Z

    Mizuno Corp. reported revenues of ¥42.9 billion (€331.1m-$387.9m) in the first quarter of its financial year, ended June 30, an increase of 49.6 percent on the year earlier as the company’s business recovered after taking a hit due to the Covid-19 pandemic. Golf clubs and running shoes showed strong growth, ...

  • Article

    Alpargatas’ Q2 sales jump 71%

    2021-08-11T08:20:00Z

    Alpargatas, the parent company of Havaianas and Osklen, reported revenues from continuing operations of 1,095 million Brazilian reais (€177.8m-$209.2m) in the second quarter, up by 71.4 percent on the year earlier and 46 percent higher than the second quarter of 2019, led by growth in international markets, the continued expansion ...

  • Nautilus
    Article

    Nautilus’ sales jump 62%, but chip shortage looms

    2021-08-10T17:10:00Z

    Nautilus, which recently moved the end of its fiscal year to March 31, reported sales of $184.6 million in the first quarter ended June 30, up by 61.7 percent on the year earlier, as sales growth was driven by continued demand for connected fitness bikes and treadmills and “robust” sales ...

  • Callaway_Golf_Company_logo.svgz
    Article

    Callaway’s sales are boosted by Topgolf and a strong golf market

    2021-08-10T16:50:00Z

    Thanks in part to the addition for the first time of Topgolf, whose revenues nearly doubled, the revenues of Callaway Golf surged by 208 percent to $914 million in the second quarter ended June 30 as compared to a year earlier, when Covid-19 restrictions and shutdowns had a significant impact. ...

  • johnson-outdoors-logo
    Article

    Diving turns around at Johnson Outdoors

    2021-08-10T13:44:00Z

    Johnson Outdoors reported a rise in third-quarter sales and profits, driven by a continued recovery in fishing, camping and water recreation. At the same time, diving showed signs of a turnaround as Covid-19 travel restrictions were further eased. The diving segment’s revenues almost doubled from a year ago, rising ...

  • Article

    Champion grows by 120%

    2021-08-09T15:03:00Z

    Hanesbrands has reported a drop in net income to $128.7 million for the second quarter ended July 3 from $161.2 million in the year-ago period, largely due to charges of $43.8 million related to the divestiture of its European Innerwear business. On an adjusted basis, income from continuing operation rose ...

  • INTERSPORT_Future-Store_Tegel
    Article

    Intersport grows by 32.2% in Q2

    2021-08-09T13:39:00Z

    The Intersport banner enjoyed a strong recovery in the second quarter on a global basis. Intersport International Corp. reports a 32.2 percent overall increase in the retail members’ sales during the second quarter of 2021, achieving an almost similar level as in the second quarter of 2019. The strong growth ...

  • Article

    Acushnet’s Q2 sales soar by 108%

    2021-08-06T17:15:00Z

    Acushnet Holdings reported sales of $624.9 million in the second year, up by a reported 108.3 percent on the year earlier and 99.9 percent higher in constant-currency terms, as the company racked up another “terrific” quarter and outpaced its guidance of a 70 to 80 percent rise in its top ...

  • Article

    GoPro posts 86% revenue growth in Q2, with sales up in all regions

    2021-08-06T17:13:00Z

    GoPro saw revenues increase by 86 percent to $250 million in the second quarter ended June 30, up from $134 million in the second quarter of 2020. The number of GoPro subscribers jumped by 211 percent to 1,160,000, and the company expects to exceed 1.7 million subscribers by the end ...

  • sports-direct
    Article

    Sports Direct’s parent sees sales fall, new Covid restrictions likely

    2021-08-05T17:17:00Z

    Frasers Group – the parent company of Sports Direct and other retail chains – reported mixed results as sales declined in all its segments except Premium Lifestyle for the fiscal year ended April 25, noting that it was marked by about six months of temporary closures for virtually all its ...

  • adidas_world_of_sports
    Article

    Adidas takes hit in China but raises guidance after a strong Q2

    2021-08-05T17:15:00Z

    Adidas raised its guidance for full-year sales and earnings as revenue growth continued to accelerate in the second quarter despite the impact of Covid-19 lockdowns in the Asia-Pacific region, industry-wide supply chain challenges and the geopolitical situation. The more optimistic view came even though the company’s sales in China took ...

  • Article

    Zalando posts strong double-digit sales growth in Q2

    2021-08-05T14:02:00Z

    Zalando posted group revenues of €2,733.1 million in the second quarter, up by 34 percent from the second quarter of 2020. The gross merchandise value (GMV) jumped by 40 percent to €3.8 billion. GMV is the value of all merchandise sold to customers after cancellations and returns and including VAT. ...

  • Alibaba
    Article

    Alibaba’s revenues rise by 34% but miss expectations

    2021-08-05T12:58:00Z

    The Alibaba Group posted revenues of 205.7 billion yuan renmimbi (€26.9bn-$31.9bn) in the first quarter of its financial year, ended June 30, an increase of 34 percent on the year earlier but below analyst expectations of a top line of at least RMB 209 billion (€27.3bn-$32.3bn) and lower than the ...

  • Article

    Amazon’s sales growth is slowing down

    2021-08-05T12:42:00Z

    Amazon posted net sales of $113.1 billion in the second quarter ended June 30, representing a 27 percent increase as compared to the prior-year quarter - a significant slowdown from the second quarter of 2020, when sales jumped by 40 percent. Excluding a $2.5 billion favorable impact from changes in ...

  • News briefs

    TAF in line for sales of $500m this year

    2021-08-04T17:16:00Z

    Announcing the closing of the transaction for the planned sale of The Athlete’s Foot to the Arklyz Group, Intersport International Corp. says the lifestyle footwear chain’s franchisees around the world raised its sales by more than 40 percent in the first half of this year. Param Singh, owner and CEO ...

  • 1200px-Under_armour_logo.svgz
    Article

    Under Armour raises guidance again after a better-than-expected Q2

    2021-08-03T17:23:00Z

    Under Armour raised its previous guidance for the full financial year while reporting better-than-expected results for the second quarter. Sales increased by 91 percent from the year-earlier quarter to $1,352 million, comfortably exceeding an analyst consensus for a top line of about $1,200 million. They were up by 85 percent ...

  • Clarus logo
    Article

    Clarus raises guidance as Q2 sales growth accelerates

    2021-08-03T16:56:00Z

    Clarus Corp., the Utah-based parent company of Black Diamond and Pieps, saw its sales growth accelerate in the second quarter of 2021, with its top line increasing by 144 percent from the year earlier, when the impact of the Covid-19 pandemic was at a peak, reaching $73 million. Favorable consumer ...