Financial insights for the sporting goods industry – Page 87
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News briefs
Johnson Health Tech suffered a drop in net income of...
Johnson Health Tech suffered a drop in net income of 90 percent to 272.5 million Taiwan dollars (€7.38m-$8.45m) for the past year on 3 percent higher revenues of NT 16.55 billion (€448.2m-$512.8m). The bottom line was pulled down by the non-recurrence of government subsidies of NT 1.7 billion (€46.0m-$52.7m). The ...
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News briefs
The Thule Group's net income from continuing operations increased by...
The Thule Group's net income from continuing operations increased by 21.5 percent to 169 million Swedish kronor on 5.5 percent higher revenues of SEK 1,380 million in the first quarter. The underlying operating profit margin (Ebit) improved to 17.0 percent from 15.7 percent in the year-ago period, and it went ...
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News briefs
Pou Sheng International, the Chinese sports retailing and distribution company,...
Pou Sheng International, the Chinese sports retailing and distribution company, reports that its net consolidated operating revenue increased by 5.2 percent to $207.4 million in March compared with the same month in 2015. This number relates to turnover less sales discount and returns. The group's net consolidated sales for the ...
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News briefs
The fitness segment of Brunswick Corp., led by Life Fitness,...
The fitness segment of Brunswick Corp., led by Life Fitness, reported an 18 percent increase to $218.3 million for the first quarter ended April 2, but its operating income fell by 22 percent to $20.1 million due to higher marketing expenses and $3.8 million in integration costs for the newly ...
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News briefs
Records were again smashed by Columbia Sportswear in the first...
Records were again smashed by Columbia Sportswear in the first quarter ended March 31, as sales increased by 10 percent to $525.1 million, up by 12 percent in constant currencies. The rise included sales growth of 7 percent to $51.3 million in Europe, the Middle East and Africa (EMEA), up ...
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News briefs
The outdoor & action sports division of VF Corp, with...
The outdoor & action sports division of VF Corp, with brands like The North Face, Vans and Timberland, raised its sales by 2 percent to $1.6 billion for the first quarter ended on April 2. They were up by 4 percent in constant currencies, with increases of 8 percent for ...
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News briefs
According to preliminary figures, Zalando is expected to report a...
According to preliminary figures, Zalando is expected to report a sales increase of between 22.5 percent and 24.5 percent for the first quarter, meaning a turnover in a range between €788 million and €801 million. The adjusted operating margin (Ebit) declined to between 1.5 percent and 3.5 percent, down from ...
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News briefs
Mild weather led to nearly stagnant sales of 520 million...
Mild weather led to nearly stagnant sales of 520 million Swedish kronor (€56.7m-$64.0m) in the first quarter for the sports and leisure division of the New Wave group, which includes the Craft, Seger, Cutter & Buck and Ahead brands, and the distribution of Speedo in Scandinavia, among other brands and ...
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News briefs
Sales grew by 7.2 percent on a same-store basis at...
Sales grew by 7.2 percent on a same-store basis at the franchised stores of 361 Degrees in China during the first quarter. They went up by 7.5 percent at 361° Kids stores. Inventory turns reached rates of 4.2 and 4.1 times in the two store networks, respectively. The company ended ...
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News briefs
Erima announced an increase in its total sales of 19...
Erima announced an increase in its total sales of 19 percent to €14 million in the first quarter of this year. As compared to the first quarter of 2015, sales in the German team sport specialist's domestic market grew by 27 percent. Strong increases were also recorded in Austria and ...
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News briefs
Giant Manufacturing Co. reported a 17 percent drop in its...
Giant Manufacturing Co. reported a 17 percent drop in its sales in China in 2015. The big Taiwanese bicycle company said its sales were solid in the U.S. and Japan, but they improved only slightly in Europe because of the depreciation of the euro. Total revenues inched up by 0.6 ...
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News briefs
In a press release regarding its campaign around yesterday's Boston...
In a press release regarding its campaign around yesterday's Boston Marathon, which Adidas is now sponsoring, New Balance said that the group's global sales increased last year by 12.7 percent to $3.72 billion, including the estimated sales of joint venture partners and distributors. Also included are the revenues of ...
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News briefs
According to Sweden's HUI research institute, retail sales of sporting...
According to Sweden's HUI research institute, retail sales of sporting goods dropped by 1.4 percent in the country in December, which was a record month for retail in general. The decline was largely due to unusually warm weather during the month. In January the weather turned colder and sporting goods ...
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News briefs
Orders collected by 361 Degrees for delivery in the fourth...
Orders collected by 361 Degrees for delivery in the fourth quarter of 2016 were up by a high single digit at its latest house fair, with higher volumes and average selling prices. Footwear led the growth, and apparel orders improved slightly. Orders for the 361° Kids collection rose by a ...
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News briefs
Sportscheck raised its sales by 7.7 percent to €319 million...
Sportscheck raised its sales by 7.7 percent to €319 million for the fiscal year to the end of February, reports the Otto Group, the owner of the German sports retailer, as part of its preliminary results. Sportscheck had indicated earlier this year that it staged a recovery after a sales ...
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News briefs
Safilo Group has reported a low single-digit increase for Smith...
Safilo Group has reported a low single-digit increase for Smith Sports Optics, with strong sales in a declining North American snow sports market for its products. The parent company said that Smith is also on track in its core products in Europe, but its position in eyewear needs improvement. The ...
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News briefs
Conzzeta Group, the Swiss holding company that controls the Mammut...
Conzzeta Group, the Swiss holding company that controls the Mammut Sports Group, reports that the outdoor company's operating result and operational cash flow will be adversely affected in the coming years by the costs of a five-year strategic program, after a drop in sales and operating result last year. Conzzeta ...
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News briefs
Exports of complete bicycles from Taiwan increased by just over...
Exports of complete bicycles from Taiwan increased by just over 10 percent to $1.9 billion in 2015, according to the Taiwan Bicycle Association (TBA). The export volume for complete bicycles was up by 6.55 percent to 4 million units, and the unit price moved up by 3.27 percent to $474.02. ...
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News briefs
Alibaba is likely to overtake Walmart as the world's largest...
Alibaba is likely to overtake Walmart as the world's largest retail platform in its fiscal year ending March 31. The Chinese e-commerce giant indicated that it had reached 3 trillion yuan renminbi (€412bn-$462bn) in gross merchandise value (GMV) as of March 21. The figure, achieved on the back of consumption-driven ...
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News briefs
Pegasus International posted $4.4 million in net losses for its...
Pegasus International posted $4.4 million in net losses for its fiscal year, ended Dec. 31, marking a dramatic plunge from a net profit of $184,000 in 2014 due to a $5.4 million loss on exchange rate differences. Sales contracted by 3.7 percent to $74.7 million, as low double-digit declines in ...
