Financial insights for the sporting goods industry – Page 55

  • WOLVERINE-WORLDWIDE-INC.1
    News briefs

    Wolverine Worldwide expects strong second quarter

    2021-06-08T08:53:00Z

    Ahead of investor meetings to be held during the virtual Baird 2021 Global Consumer, Technology, and Services Conference on June 8, Wolverine Worldwide provided a business update stating that the company expects second-quarter 2021 revenues the comparable figures for the second quarter of 2019. The company noted that its performance ...

  • Article

    Sales more than double at Blue Tomato’s parent

    2021-06-05T08:38:00Z

    Exceeding the financial analysts’ projections, global sales jumped by 102.6 percent to $279.1 million in the first quarter ended May 1 for Zumiez, the U.S.-based action sports retailer whose assets include the physical and online shops of Blue Tomato in Europe. The strong performance led the company to post a ...

  • Article

    Lululemon’s Q1 sales leaped by 88%, showing accelerating trends

    2021-06-05T08:38:00Z

    Lululemon Athletica’s share price jumped by 12 percent the day after the company announced very strong growth in sales and earnings for its first quarter, ended on May 2, beating analysts’ estimates. As customers returned to its brick-and-mortar stores and the e-commerce business continued to expand, albeit at a lower ...

  • Article

    ANWR’s financial services offset declines at retail

    2021-06-02T17:09:00Z

    The German-based ANWR Group, whose holdings include the Sport 2000 business in Germany, Switzerland and the Benelux countries, looks back on a challenging year in its annual report. Despite the difficult situation in the retail sector caused by the Covid-19 crisis, the operating result shows a slight increase to €17.8 ...

  • News briefs

    Buff reports 63% growth in the past year

    2021-06-02T12:58:00Z

    Buff closed its fiscal year on April 30 with record sales of €85 million, a growth of 63 percent as compared to the previous year. The Spanish neckware and headware company attributed the good performance to the boom in outdoor sports and the production of protective equipment during the pandemic. ...

  • Bild 2_SPORT 2000 International_Vorstand_credits_SPORT 2000 International
    Article

    A drop of 9% at Sport 2000 International

    2021-05-31T17:20:00Z

    Sport 2000 International reports a decline in the retail sales of its affiliated members of almost 9.0 percent in terms of euros to €4,326 million in 2020, due to the pandemic. The figure includes VAT and applies to the 3,615 stores managed by retailers in 22 countries by the end ...

  • Article

    Improving results at retail in Japan

    2021-05-27T14:20:00Z

    Improving results have been reported by the three major Japanese sports retailers. Xebio finished its own fiscal year on March 31 with a second sequential quarterly increase in revenues, but not enough to offset previous declines. Its net income for the full financial year inched up to ¥412 million (€3.1m-$3.8m) ...

  • Article

    Some more Japanese brands are turning the corner

    2021-05-27T13:16:00Z

    Besides Asics, Mizuno and Goldwin, whose latest results have already been covered, some other Japanese companies have reported better results for the three months of 2021. The foreign exchange impact was slight. For one of them, Yonex, this was insufficient to record an improvement for the full financial year, however. ...

  • Article

    Topsports’ annual revenues grew by 7%

    2021-05-26T16:50:00Z

    Topsports, the leading Chinese sports retailer and distributor, which previously belonged to Belle International, has reported a 20 percent increase in net income to 2,770.1 million yuan renmimbi (€355.0m-$401.5m) for the financial year ended Feb. 28 on a 7 percent increase in sales to RMB 36,009 million (€4,014.0m-$5,218.7m). The gross ...

  • News briefs

    Munich’s sales decline year-on-year but beat 2018’s

    2021-05-26T15:56:00Z

    Munich, the Spanish brand of sports and lifestyle sneakers, has reported sales of €40.9 million for 2020, down 8 percent year-on-year, but still up from 2018. The Catalonian shoe brand says the effects of Covid-19 were “significantly more favorable than projected.” About 88 percent of the revenues were generated in ...

  • Article

    Goldwin turns around in Q4, budgets 10% growth

    2021-05-25T17:21:00Z

    Goldwin’s sales fell by 7.6 percent to ¥90,479 million (€678.0m-$830.5m) in the financial year ended March 31, 2021, while operating profit declined by 15.1 percent to ¥14,838 million (€111.2m-$136.2m), better than a forecast made in February for declines of 10.1 percent and 28.5 percent, respectively. Attributable earnings inched down by ...

  • Article

    VF is positive about 2022 as growth accelerates

    2021-05-24T14:40:00Z

    VF Corp ended its fiscal year on a high note, prolonging a recovery that started in the second quarter. For the fourth quarter ended March 31, the company confirmed that its momentum is accelerating, delivering revenues that increased by 23 percent to $2,582 million, or by 19 percent in constant ...

  • News briefs

    Rapid growth for Aybl, a British gymwear start-up

    2021-05-21T16:04:00Z

    Fashion Network reports that Aybl, a DTC brand of women’s gymwear based in Redditch, U.K., has seen remarkable growth in sales. So far over its three-year history the brand has raked in revenues of £10.3 million (€12.0m-$14.6m) through its international web store. It hopes to reach £50 million (€58m-$71m) by ...

  • Deckers
    Article

    Deckers projects sales of over $1 bn for Hoka

    2021-05-21T15:37:00Z

    Deckers Brands’ sales growth gained momentum in the fiscal fourth quarter, led by the continued global expansion of Hoka One One and a strong showing at its core Ugg brand. In the three months ended March 31, the group’s revenues increased by 49.7 percent to $561.2 million and were up ...

  • Article

    Fila group sees a 25.1% sales gain in Q1, but Europe is down

    2021-05-18T17:22:00Z

    The booming golf market came in handy for the Korean-based Fila group, boosting the revenues of its controlled Acushnet subsidiary. As a group, Fila Holdings thus saw its revenues rise by 25.1 percent to 988,281 million Korean won (€717.2m-$875.4m) in the first quarter, leading to a 239.7 percent jump in ...

  • Article

    Descente’s annual sales fall by 22% despite a Q4 rebound

    2021-05-18T16:16:00Z

    Descente, the Japanese sportswear group, posted revenues for the financial year ended March 31 of 96,862 million yen (€727.2m-$887.8m), down by 22.2 percent on the year earlier, due to the cancellations of events and competitions, plus the closure of retail stores due to the Covid-19 pandemic. The decline in its ...

  • News briefs

    Iconix turns around, rising in Europe

    2021-05-17T09:23:00Z

    The Iconix Brand Group turned around to a net profit of $4.2 million in the first quarter, boosted by a $15 million gain on the sale of the Lee Cooper trademark in China, as compared to a loss of $21.8 million in the year-ago period, where it reported impairment charges ...

  • News briefs

    Technogym grows by 10.2%, with B2C home fitness up by 129.2%

    2021-05-16T16:11:00Z

    Technogym reported a revenue increase of 10.2 percent to €128.7 million in the first quarter of 2021, with a growth of 13.1 percent in constant currencies. In terms of euros, they rose by 26.0 percent in Italy, by 1.3 percent in the rest of Europe, by 29.1 percent in Asia/Pacific ...

  • Article

    Canada Goose rises by 33.7%

    2021-05-16T15:28:00Z

    While reporting a 33.7 percent rise in fourth-quarter sales to 208 million Canadian dollars (€141.4m-$171.7m), an upbeat Canada Goose said it expects revenues to exceed C$1 billion (€680m-$826m) for the first time for the current financial year as it plans to open 10 new stores - six in Asia/Pacific, two ...

  • Article

    Yue Yue swings to Q1 profit

    2021-05-14T16:46:00Z

    Yue Yuen Industrial posted a net profit of $85.4 million in the first quarter, in the middle of the $80-90 million range that it predicted in April, compared with a loss of $56.3 million the year earlier. The gross margins of its manufacturing business and its Chinese retail subsidiary, Pou ...