Financial insights for the sporting goods industry – Page 67

  • HanesBrands_Stacked
    Article

    Hanesbrands Q2 sales are almost flat from last year, despite the pandemic

    2020-08-03T06:56:00Z

    Hanesbrands, the parent company of Champion and other apparel brands, posted revenues of $1.74 billion in the second quarter ended June 27, only slightly down from $1.76 billion in the second quarter a year ago, despite market disruption from the Covid-19 pandemic. Excluding sales of $119 million from the now ...

  • VF_Corp_Logo
    Article

    VF expects some improvement in the second quarter

    2020-08-02T06:06:00Z

    Despite posting steep declines in revenues and earnings for its first quarter ended on June 30, the management of VF Corp. insisted that the company is in a strong position to get through the coronavirus pandemic because of its “financial and operational rigor” and the progress it has made in ...

  • BasicNet
    Article

    BasicNet first-half sales fall as Covid lockdowns force store closures

    2020-07-31T17:14:00Z

    Kappa and K-Way owner BasicNet reported a 25 percent fall in first-half aggregate sales as it felt the impact of Covid-19 lockdown measures since January on all its markets. Aggregate sales for the period totaled €367.6 million, down from €484.8 million a year earlier. The figure includes commercial licensees of ...

  • Deckers
    Article

    Hoka One One’s momentum saves Deckers Brands’ quarter

    2020-07-31T09:42:00Z

    Despite headwinds from Covid-19, and a 10 percent decline for Ugg, robust sales at Hoka One One helped Deckers Brands grow in its first fiscal quarter ended on June 30. They progressed by 2.3 percent from the same period last year to $283.2 million, or by 2.8 percent in constant ...

  • Garmin
    Article

    Garmin thrives thanks to home fitness and cycling boom

    2020-07-30T09:51:00Z

    Garmin’s fitness division saw revenues for the second quarter soar by 17 percent to $294.6 million, as the group benefited from the popularity of home fitness during lockdowns, with advanced wearables and Tacx indoor bike trainers doing well. With the easing of restrictions in May, cycling products proved very popular. ...

  • PUMA-Headquarters4
    Article

    Signs of recovery for Puma after a difficult quarter

    2020-07-29T18:54:00Z

    Puma’s revenues for the second quarter declined by 32.3 percent in euros to €831 million, or by 30.7 percent in local currencies, leading to a net loss of €95.6 million, compared with net income of €49.7 million for the year-ago quarter. Sales declined in all regions and all product divisions. ...

  • Moncler-Logo
    Article

    Moncler aims to double its online business by 2023

    2020-07-28T14:29:00Z

    While releasing weak results for the first half of the year, marked by heavy losses, Moncler focused on the future and announced the acceleration of its digital transformation. After a fruitful collaboration with Yoox Net-a-Porter, it has decided to directly manage e-commerce, with a view to personalizing the customer experience. ...

  • Shimano Logo
    Article

    Shimano’s earnings rise by 26%

    2020-07-28T10:00:00Z

    Shimano’s sales for the first half of the year decreased by 11.9 percent from the year-ago period to 160,255 million yen (€1.3bn-$1.5bn), hampered by lockdowns around the world in response to Covid-19 during the first quarter. However, sales improved in the second quarter due to the soaring popularity of cycling ...

  • Accell_Group_Logo
    Article

    Cycling craze boosts Accell’s results

    2020-07-24T20:45:00Z

    The soaring popularity of bikes after the lifting of lockdown restrictions led Accell Group to post strong results for the first half of the year. The post-Covid bike market has been doing especially well in Europe. The Dutch-based company’s sales surged by a whopping 53.1 percent in June, pushing total ...

  • macau-photo-agency-Zak4riFWRT4-unsplash
    Article

    Many Chinese sportswear brands issue sales warnings for Q2

    2020-07-24T11:02:00Z

    As a result of lockdown restrictions implemented in China and elsewhere during the Covid-19 pandemic, several Chinese sportswear brands have released profit warnings for the second quarter of 2020. Xtep warned that retail sell-through dropped by low-single digits in the quarter. It also has higher-than-usual inventories. The group expects that ...

  • ANTA-logo-and-wordmark
    Article

    Anta issues warning on first-half profits

    2020-07-16T18:17:00Z

    Anta Sports Products said it expects to report a drop of about 25 percent in its earnings for the first half of this year, largely as a result of restrictions implemented during the Covid-19 crisis. They are even expected to be down by 35 percent from the year-ago period when ...

  • XXL
    Article

    XXL bounces back

    2020-07-16T10:05:00Z

    It seems that there is light at the end of the tunnel for XXL ASA, after many quarters stuck in a downward spiral. To turn the business around, the leading Nordic sports retailer has been taking drastic steps such as cutting costs, clearing inventory and searching for new “sustainable” sources ...

  • News briefs

    Yue Yuen's plants generated 19% less revenues in June

    2020-07-13T17:15:00Z

    Yue Yuen Industrial reported a 10.6 percent drop to $724.6 in its turnover in June, as compared to the same month a year ago. The company pointed out that its retail segment, represented by Pou Sheng, saw its sales increase by about 3 percent to $314.4 million, which would imply ...

  • Article

    Macron posts 15.6% sales growth and moves to a new green HQ.

    2020-07-13T17:14:00Z

    Macron, the Italian specialist in team sports jerseys, posted consolidated revenues of €113.1 million in 2019, which represented a 15.6 percent increase as compared to the previous year and the third consecutive year of double-digit sales growth. Ebitda rose by 16 percent to €15 million. The Italian sportswear company, based ...

  • Article

    Forum Sport posts its first sales decline in eight years

    2020-07-10T10:26:00Z

    Forum Sport has posted its first decline in annual sales since 2012. The Spanish sporting goods retailer’s revenues amounted to €124.7 million in the financial year ended on Jan. 31, down by 0.9 percent from €125.8 in the previous year. After a record sales increase of 200 percent on Black ...

  • News briefs

    Strong recovery and an award for Polygiene

    2020-07-09T14:42:00Z

    Polygiene is recovering strongly, thanks to its anti-viral technology. In a preliminary statement, the Swedish company indicates that its sales grew by 37 percent in the second quarter, keeping the gross margin at around 70 percent and generating breakeven operating results, compared with a loss of 4.2 million Swedish kronor ...

  • kathmandu-holdings-logo
    Article

    Online sales support Kathmandu and Rip Curl

    2020-07-08T13:23:00Z

    Kathmandu Holdings told investors that it expects a 30 percent drop in adjusted Ebitda for the current financial year, in spite of strong online sales during the recent corona-related retail lockdowns in Australia and double-digit sales increases overall after its stores reopened. While it is still more than half way ...

  • JD Sports
    Article

    JD reports strong gains, but wants to pay less rent

    2020-07-07T19:23:00Z

    While reporting record results for the financial year ended on Feb. 1, JD Sports Fashion indicated that it will slow down the pace of new store openings, making them partly dependent on the “rental realism” of landlords. The increasingly international sports and outdoor retailer based in the U.K. reported a ...

  • News briefs

    Decathlon and Sprinter grow in Spain

    2020-07-02T14:17:00Z

    Decathlon has reported sales growth of 2.9 percent in Spain to €1,952 million, including VAT, for 2019. Sales over the internet went up by 17 percent to €136 million in the country. The number of stores increased by six to a total of 171. Meanwhile, after checking the public record, ...

  • Nike_by_Long_Beach_Interior_Wide_2_original
    Article

    Analysis: Digital accelerates at Nike after a poor quarter

    2020-06-26T13:28:00Z

    Nike has decided to accelerate the digital development of its “consumer-direct offence” program after suffering a 36 percent currency-neutral drop in group revenues for the fourth quarter of its financial year, ended May 31. The rate of decline would have been steeper without the fruits of its earlier investments in ...