Financial insights for the sporting goods industry – Page 75

  • Article

    Kjus and new clubs boost Acushnet’s results

    2019-11-28T00:00:00Z

    After a disappointing second quarter, hampered by lower sales of Titlest golf clubs, Acushnet bounced back in the third quarter thanks to a strong performance from new products and the addition of the Kjus brand of premium functional apparel. The net income of the company, which is controlled by Fila ...

  • Short stops

    Sales jumped by 16.5 percent at Helly Hansen in the...

    2019-11-28T00:00:00Z

    Sales jumped by 16.5 percent at Helly Hansen in the third quarter, reaching a level of $211.7 million, said its new parent company, Canadian Tire Corp.

  • Article

    Dorel Sports posts 14.2% sales increase

    2019-11-28T00:00:00Z

    Dorel Sports, a division of Dorel Industries, registered revenues of $250.3 million for the third quarter ended on March 31, representing a 14.2 percent increase from the same quarter a year earlier, driven by strong performances at the Cycling Sports Group (CSG). Cannondale’s new line-up is driving CSG success, the ...

  • Article

    Yuen Yuen’s sales rise by 5.1%

    2019-11-28T00:00:00Z

    Yue Yuen Industrial Holdings reported a 5.1 percent increase in sales to $7,519.6 million for the first nine months of the year, driven by its own retail operations. The Chinese company’s net income jumped by 12.1 percent from the year-ago period to $229.4 million. Revenues from Yue Yuen’s large manufacturing ...

  • News briefs

    Clarus Corp., the parent company of Black Diamond and other...

    2019-11-08T00:00:00Z

    Clarus Corp., the parent company of Black Diamond and other brands, had mixed results in the third quarter, with net income dropping by 14.3 percent to $3.5 million on 8.0 percent higher sales of $60.2 million. The gross margin was down by 1.6 percentage points to 34.1 percent, due to ...

  • News briefs

    Original Buff, the main entity of the Buff group, rounded...

    2019-08-01T00:00:00Z

    Original Buff, the main entity of the Buff group, rounded off its most recent fiscal year, ended April 30, with sales of €38.4 million, up by 8 percent from 2017. The Barcelona-based group's consolidated sales, subsidiaries included, moved some six million units worldwide and brought in €48.5 million, up by ...

  • News briefs

    In preliminary statements, several public Chinese sports brands have indicated...

    2019-08-01T00:00:00Z

    In preliminary statements, several public Chinese sports brands have indicated that they had higher sales in the second quarter of this year. Anta Sports Products, the new owner of Amer Sports, said its sales grew at a mid-teen rate in its Anta stores, while the revenues of the other brands ...

  • News briefs

    The major Chinese sports brands have issued preliminary figures indicating...

    2019-04-27T00:00:00Z

    The major Chinese sports brands have issued preliminary figures indicating the market is not slowing down. Anta Sports Products said that sales under its own brand rose at a low-teen rate in the first quarter, while those of other branded products distributed or licensed in China went up by between ...

  • Article

    Ball sports and fitness performed less well

    2019-02-19T00:00:00Z

    In terms of local currencies, quarterly sales increased by one percent in Amer’s Ball Sports division, led by Wilson, and by 9 percent in the Fitness division, led by Precor. In reported euros, the Ball Sports segment grew by just 3 percent to €167.7 million in the fourth quarter. It ...

  • News briefs

    The fitness division of Brunswick Corp., which includes Life Fitness,...

    2019-02-01T00:00:00Z

    The fitness division of Brunswick Corp., which includes Life Fitness, Cybex, Hammer Strength, Indoor Cycling and SciFit, reported flat sales of $1,038.3 million for the 2018 financial year, just as the group is gearing up to spin it off by the end of the present quarter, or soon thereafter. In ...

  • News briefs

    Led by a strong performance by Sierra and the continued...

    2019-01-28T00:00:00Z

    Led by a strong performance by Sierra and the continued strength of Black Diamond, especially in apparel, Clarus' sales for its full 2018 financial year jumped by 24 percent to around $212 million. This included a growth of around 10 percent for Black Diamond and of about 15 percent – ...

  • News briefs

    Despite widespread, negative reports of construction delays, cost overruns, forced...

    2019-01-28T00:00:00Z

    Despite widespread, negative reports of construction delays, cost overruns, forced evictions from the favelas (slums), a Zika epidemic and a suspiciously green pool, the 2016 Summer Olympic Games have proved to be of net economic benefit to the city and metropolitan area of Rio de Janeiro, according to a study by ...

  • News briefs

    Blaming strong competition from online retailers, Himaraya reported a drop...

    2019-01-28T00:00:00Z

    Blaming strong competition from online retailers, Himaraya reported a drop of 1.4 percent to 34.6 percent in its gross margin for the first quarter of its financial year, ended on Nov. 30. The Japanese retailer's net loss expanded to 195 million yen (€1.56m-$1.78m) from ¥48 million in the year-ago period. ...

  • News briefs

    Stella International has reported a 6.4 percent increase in the...

    2019-01-28T00:00:00Z

    Stella International has reported a 6.4 percent increase in the volume of footwear sold by its manufacturing facilities in 2018. They reached a total of 60.2 million pairs, but the revenues generated by the business rose by only 2.7 percent to more than $1.5 billion.

  • Short stops

    Spanish sporting goods retailers achieved a growth of 5.4% in...

    2019-01-28T00:00:00Z

    Spanish sporting goods retailers achieved a growth of 5.4% in their sales in 2018 according to an estimate by DBK, a Spanish consultancy

  • Short stops

    The United Nations has calculated that 51% of the global...

    2018-12-18T00:00:00Z

    The United Nations has calculated that 51% of the global population will be using the internet by the end of 2018

  • News briefs

    Under Armour suffered an 11 percent drop in its share...

    2018-12-18T00:00:00Z

    Under Armour suffered an 11 percent drop in its share value after warning investors that its sales are likely to be flat in North America in 2019, growing overall by between 3 and 4 percent against a consensus estimate of 5 percent. On the other hand, the gross margin for ...

  • News briefs

    Cherokee Brands, which owns Hi-Tec, posted net income of $63,000...

    2018-12-18T00:00:00Z

    Cherokee Brands, which owns Hi-Tec, posted net income of $63,000 in the third quarter, turning around from a loss of $2.5 million in the same period of last year. Licensing revenues declined by 25 percent to $5.84 million because of the transition of several brands in Cherokee's portfolio to a ...

  • News briefs

    Zalando booked a net loss of €41.7 million in the...

    2018-12-04T00:00:00Z

    Zalando booked a net loss of €41.7 million in the third quarter, up sharply from €11.1 million in the year-ago period, while sales growth slowed down to 11.7 percent from 28.7 percent. The adjusted operating profit (Ebit) sank to a negative level of €38.9 million on total turnover of €1.2 ...