Financial insights for the sporting goods industry – Page 82
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News briefs
Netshoes, which remains the largest pure e-commerce player in the...
Netshoes, which remains the largest pure e-commerce player in the Brazilian market and in Latin America, booked a 15 percent increase in net sales to 461.3 million Brazilian reais (€123.7m-$146.7m) in the second quarter ended June 30, but the quarterly net loss grew to R$35.2 million (€9.4m-$11.2m) from R$33.6 million a year ...
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News briefs
Japan's Dunlop group turned around to a net profit of...
Japan's Dunlop group turned around to a net profit of 1,727 million yen (€13.2m-$15.7m) in the first half ended June 30 from a loss of ¥1,186 million, despite a one percent drop in total revenues to ¥36.16 billion (€276.5m-$327.9m). Excluding foreign exchange gains, net income rose to ¥1,288 million (€9.8m-$11.7m) from ...
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News briefs
Beating analysts' estimates, Li & Fung raised its net profit...
Beating analysts' estimates, Li & Fung raised its net profit to $91 million for the first half of 2017 from $86 million in the same period last year. Revenues fell by 9 percent to $7.2 billion, however. The Chinese sourcing giant had to leave the Hang Seng benchmark index last ...
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News briefs
Giant Manufacturing saw its comprehensive net income jump by 137...
Giant Manufacturing saw its comprehensive net income jump by 137 percent to 1,129.7 million Taiwan dollars (€31.6m-$37.5m) in the second quarter. Excluding a foreign currency gain of NT$ 962 million (€26.9m-$31.9m) and other extraordinary items, profits slipped by 19 percent to NT$ 677.7 million (€19.0m-$22.5m) as revenues fell by 9 percent to ...
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Short stops
The German bike market is predicted to rise by 12%...
The German bike market is predicted to rise by 12% this year, with e-bikes taking over at least 65% of the turnover, up from 33% two years ago
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News briefs
As predicted, Zalando's growth softened in the second quarter, rising...
As predicted, Zalando's growth softened in the second quarter, rising by 20.1 percent to €1.1 billion, but the company is hoping to hit the upper range of the forecast of 20 to 25 percent for the full financial year. The operating margin (Ebit) declined by 1.4 percentage points to 7.4 ...
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News briefs
The number of golf rounds played in the U.K. in...
The number of golf rounds played in the U.K. in the second quarter of 2017 increased by 4 percent as compared to the same period of 2016, according to a study by Sports Marketing Surveys (SMS). The second quarter of the year was characterized by warm and dry weather, especially ...
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News briefs
Strong growth by Champion Europe, especially online, contributed to a...
Strong growth by Champion Europe, especially online, contributed to a 7 percent organic increase in Champion's global sales for Hanesbrands during the second quarter. The brand is also enjoying very strong growth in Asia and other markets due to new omnichannel investments. This and other factors, including the acquisition last ...
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News briefs
The global revenues from branded outdoor shoes by major vendors...
The global revenues from branded outdoor shoes by major vendors grew by 2.9 percent to $4.71 billion in 2016, according to an annual survey by The Outdoor Industry Compass, with increases of 2.4 percent in the U.S. and 3.5 percent in the rest of the world. The branded rugged outdoor ...
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News briefs
Adidas trails only the police for attractiveness as a future...
Adidas trails only the police for attractiveness as a future employer in the opinion of German students. In a recent survey on careers conducted with more than 20,000 students between the ages of 13 and 18, the sports brand was ranked first in the fashion industry and second overall out ...
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News briefs
Yonex reported a 45 percent jump in comprehensive net income...
Yonex reported a 45 percent jump in comprehensive net income to 455.5 million yen (€3.5m-$4.2m) for the first quarter through June, benefiting from a positive foreign currency swing of ¥222 million (€1.7m-$2.0m). Revenues went up by 4 percent to ¥15.91 billion (€123.6m-$145.0m). Boosted by badminton, sales grew by 4 percent in ...
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News briefs
Goldwin made a profit of 412 million yen (€3.2m-$3.8m) in...
Goldwin made a profit of 412 million yen (€3.2m-$3.8m) in the first quarter of its financial year, ended June 30, as compared to a loss of ¥62 million in the year-earlier period. Sales rose by 16 percent to ¥12.38 billion (€96.2m-$112.9m). The company is forecasting a profit increase of 2 ...
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News briefs
Globeride reports a comprehensive net loss of 370 million yen (€2.9m-$3.4m)...
Globeride reports a comprehensive net loss of 370 million yen (€2.9m-$3.4m) for the fiscal first quarter ended June 30, compared with a profit of ¥503 million in the year-ago period. The gross margin went down by 2 percentage points to 35.7 percent. Excluding extraordinary items and foreign exchange losses, the parent ...
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News briefs
Descente made a comprehensive net income of 2,041 million yen (€15.9m-$18.6m)...
Descente made a comprehensive net income of 2,041 million yen (€15.9m-$18.6m) in the first quarter ended June 30 versus a loss of ¥1,389 million in the same period of last year. Excluding the foreign exchange effect and other items, net earnings fell by 27 percent to ¥764 million (€5.9m-$7.0m). Sales grew ...
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News briefs
Brunswick Corp. says the performance of its Fitness division will...
Brunswick Corp. says the performance of its Fitness division will begin to be favorably impacted by new product introductions, changes in manufacturing and further cost realignment actions from the second half of 2017. In the second quarter ended June 30, the division posted a 9 percent sales increase to $250.5 ...
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News briefs
Puma's good results for the second quarter were again partly...
Puma's good results for the second quarter were again partly offset by weaker results at Volcom and other parts of Kering's Sport & Lifestyle segment, which continued to struggle in a difficult retail environment in the U.S. The total revenues of the segment increased by 15.7 percent to $1,022.4 million ...
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News briefs
The consumption of new bicycles declined by 5 percent in...
The consumption of new bicycles declined by 5 percent in terms of units in Europe last year, according to Conebi, the European bicycle industry federation. They went down to 19.6 million units from 20.6 million units in 2015, falling by 6.9 percent in Germany, 13.7 percent in the U.K. and ...
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News briefs
The Sequential Brands Group saw its revenues rise by 23...
The Sequential Brands Group saw its revenues rise by 23 percent to $42 million in the second quarter. Adjusted Ebitda went up by 43 percent to $24.7 million. The net result was a net profit of $2.53 million against a loss of $62,000 in the same period a year ago, ...
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News briefs
The Thule Group reported a 13.3 percent increase in sales...
The Thule Group reported a 13.3 percent increase in sales to 1,955 million Swedish kronor (€205.0m-$241.0m) for the second quarter ended June 30, up by 8.6 percent in local currencies. The operating margin reached 24.3 percent, improving by 1.2 percentage point on a currency-neutral basis. Net income went up to ...
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News briefs
Erima recorded a plus of 1.5 percent in sales to...
Erima recorded a plus of 1.5 percent in sales to nearly €30 million for the first half of 2017. The company has grown strongly over the last three years, particularly in its home market of Germany. After a dip in the early part of the year, sales rebounded in the ...
