Financial insights for the sporting goods industry – Page 7
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ArticleGarmin posts double-digit sales gains in all segments
The Swiss company boosted its annual forecast again after a stellar Q3, with operating income up 62% and net income up 55% on double-digit growth across all segments.
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ArticleCrocs cautious on FY sales outlook as Heydude recovery drags on, China growth slows
Crocs reports strong third-quarter results. Heydude is lagging behind, while international sales are fueling growth for the Crocs brand. The outlook for the Chinese market is more cautious in light of shifting demand.
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ArticleAdidas Q3: Ready to deliver revenue growth of 10%
In its Q3 report, Adidas says it is examining a business model focused on a new generation of consumers and is ready to deliver currency-neutral revenue growth of approximately 10% in 2024.
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ArticleVF Corp.’s turnaround continues to take shape
VF Corp. continues to make progress on its turnaround plan, delivering sequential sales improvement, a year-over-year increase in gross margin, and a 13 percent reduction in inventories in the second quarter that ended September 30.
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News briefsAdidas' debt rating outlook raised as H1 results exceed expectations
S&P Global Ratings revised the outlook for the debt ratings of Adidas AG to stable from negative.
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News briefsYue Yuen gives positive profit warning
The company said it has been optimizing its staffing levels relative to the demand in its order pipeline.
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ArticleFenix Outdoor reports mixed Results in Q3
In Q3, sales in the branded segment declined 21%, while the retail segment varied by region.
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ArticleSkechers sees rebound in India, stumbles in China in Q3
Overall, Skechers’ revenues in the third quarter rose by 15.9 percent to reach $2,347.7 million.
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ArticleHoka continues to shine and makes Deckers raise guidance in better-than-expected Q2
Deckers raises its sales and earnings guidance for the full fiscal year as the growth of its Hoka brand continues to accelerate.
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News briefsSaucony sales makes Xtep Intl. to update it's Q3
The Chinese sports brand, which owns the Chinese rights to Saucony, K-Swiss, and Merrell, updated its Q3 numbers after seeing sales rise.
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ArticleCisalfa Group reports increased revenues for 2023/24
Cisalfa Group announces 2023/2024 financial results with revenues increased to over €700 million.
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ArticleAdidas lifts FY guidance after another strong quarter
Citing current brand momentum and better-than-expected results in Q3 ended Sept. 30, Adidas increased its FY24 guidance for a second consecutive period. The German group is now forecasting about 10 percent currency-neutral sales this fiscal year, up from a prior outlook of a high-single-digit rate and €1.2 billion in ...
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News briefs361 Degrees updates on Q3
361 Degrees saw sales of both its own private label and kids’ brand products increase by 10 percent year-over-year.
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News briefsAnta Sports updates on Q3 results
The sales of Anta Sports recorded a mid-single-digit, year-over-year sales increase in the period ended Sept. 30.
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ArticleZalando raises its forecast for 2024
Zalando’s strong Q3 performance boosts its annual outlook, driven by a surge in active customers and robust seasonal demand.
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News briefsRecord annual revenues at Megasport
The Catalonian distributor Megasport has finally surpassed its old record for annual revenues, set in 2019, of €19.0 million, according to CMDsport.
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News briefsAmer Sports reports 60% revenue growth in China for Golden Week
The week-long national holiday starting Oct. 1, commemorating the founding of the People’s Republic of China, brought Amer robust sales growth driven by three brands’ solid performances.
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ArticleJD Sports interims beat forecasts but Nike woes worry investors
JD Sports posts a better-than-expected profit increase, maintaining growth plans despite volatile conditions and Nike’s revenue decline.
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ArticleNike’s FY25 gets off on the wrong foot, with Hill ready to lead the climb back
With sales and income down for Q1, the American giant will strive to spur growth through innovation.
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News briefsSportsShoes.com reports 22% growth in international sales
Gains 75,000 new customers in H1 FY25.
