Financial insights for the sporting goods industry – Page 89
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News briefs
GoPro's sales shrank by 31 percent to $436.6 million for...
GoPro's sales shrank by 31 percent to $436.6 million for the last quarter of 2015, which is aligned with the sharply downgraded guidance issued a few weeks ago, but the result was still worse than expected, with a net loss of $34.4 million against a profit of $122.3 million for ...
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News briefs
Goldwin's revenues expanded by 4 percent to 17,300 million Japanese...
Goldwin's revenues expanded by 4 percent to 17,300 million Japanese yen (€132.2m-$148.3m) but comprehensive net income was off 67 percent to ¥1,114 million (€8.51m-$9.55m) in the fiscal third quarter until the end of December. Sales were driven by The North Face, Canterbury, Champion and Danskin, though the mild winter has ...
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News briefs
Stella International Holdings saw its manufacturing revenues increase by 5.1...
Stella International Holdings saw its manufacturing revenues increase by 5.1 percent in the last quarter of 2015 to $389.2 million. They finished the year at $1,705.0 million, up 8.5 percent, with continued strength in sports fashion footwear. The maker of athletic and fashion footwear saw average selling prices fall by ...
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News briefs
Sales fell by 4.1 percent to 562 million Danish kroner...
Sales fell by 4.1 percent to 562 million Danish kroner (€75.3m-$84.3m) at Peak Performance in the six months ended on Dec. 31, corresponding to a drop of 4.0 percent in constant currencies. The decline was limited to wholesale revenues in the Nordic countries. Sales went up in the rest of ...
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News briefs
Lululemon has upgraded its guidance for the quarter running to...
Lululemon has upgraded its guidance for the quarter running to the end of January on the back of robust sales during the holiday season. The Canadian yoga apparel company said the uptick had been driven by strong execution in stores and online during the key holiday weeks. While sales were ...
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News briefs
CCM Hockey, the Canadian-based supplier of ice hockey products that...
CCM Hockey, the Canadian-based supplier of ice hockey products that belongs to the Adidas Group, said that sales of its global equipment business advanced by 8 percent last year and by 18 percent over the past two years. The company attributed the rise to its focus on research and development, ...
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News briefs
Zalando said it booked a 30 percent sales increase in...
Zalando said it booked a 30 percent sales increase in the fourth quarter of 2014 to a level expected to range between €865 million and €872 million, generating an adjusted operating margin (Ebit) of between 7 and 9 percent. With that, the German-based e-tailer reached an Ebit margin of between ...
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News briefs
The Financial Times reported last week on growing enthusiasm for...
The Financial Times reported last week on growing enthusiasm for running in China, explaining that runners in the larger cities had to enter draws to be allowed to take part in half or full marathons. The British newspaper writes that about 100,000 people applied for full or half marathons in ...
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News briefs
As it continues to reap the benefits of its improved...
As it continues to reap the benefits of its improved ranges and the Chinese market's clean-up, 361 Degrees said that orders increased at a high single-digit rate in value at its wholesale fair in December, compared with the same event in 2014. Orders have been on the rise for eight ...
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News briefs
Li Ning, the Chinese sports company that has been struggling...
Li Ning, the Chinese sports company that has been struggling to take advantage of the market's clean-up in the last two years, says it will break even in 2015 after three years of losses, based on unaudited numbers for the eleven months until the end of November. The company suffered ...
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News briefs
Sales have been slowing down lately at Pou Sheng International,...
Sales have been slowing down lately at Pou Sheng International, the retail and distribution subsidiary of Yue Yuen. Based on preliminary figures, the company's operating revenues grew by 16.2 percent to $2.30 billion in 2015, but they were up by only 8.5 percent in November and by 1.7 percent in ...
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News briefs
Peak Sport Products, the Chinese sports footwear and apparel brand,...
Peak Sport Products, the Chinese sports footwear and apparel brand, said that orders increased at a low-teens rate at wholesale prices at its sales fair for the third quarter of this year. Basketball and running footwear remained the brand's best-selling products, due to rising demand for performance sports products. Footwear ...
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News briefs
Issuing its second profit warning in three months, Pittards, the...
Issuing its second profit warning in three months, Pittards, the U.K.-based leather producer, said it will make a reasonable profit for this year, but it will be materially below forecasts, due to the slowdown in China and Russia. These two factors are apparently offsetting the impact on margins from lower ...
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News briefs
Himaraya, the Japanese sporting goods retailer, said that it suffered...
Himaraya, the Japanese sporting goods retailer, said that it suffered a loss of nearly 2.5 billion yen (€19.0m-$20.8m) for the first quarter of its fiscal year, to the end of November. This compares with a loss of ¥955.8 million (€7.3m-$7.9m) for the same period last year. Sales were off by ...
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News briefs
Dunlop Sports Co. has suspended payment of its dividend and...
Dunlop Sports Co. has suspended payment of its dividend and reduced executive pay for three months from January, after a sharp sales decline at Cleveland Golf Company and a large impairment loss on the shares of this subsidiary. Dunlop Sports said in a statement that the golf company is struggling ...
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News briefs
Online shopping is getting more and more popular in the...
Online shopping is getting more and more popular in the EU, and sporting goods are a major attraction. According to recent data by Eurostat 53 percent of all EU citizens purchased goods or services online in 2015. Of the online customers, 60 percent bought clothes and sports goods, followed by ...
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News briefs
Lululemon has reduced its full-year guidance due to a sharp...
Lululemon has reduced its full-year guidance due to a sharp decline in profit margins for the third quarter of its fiscal year, ended Nov. 1. The group's turnover advanced by 14 percent to $479.7 million for the quarter. Sales were up by 9 percent in comparable terms and in constant ...
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News briefs
Intersport PSC Holding, the Swiss licensee of Intersport International Corporation,...
Intersport PSC Holding, the Swiss licensee of Intersport International Corporation, reports a 31.8 percent improvement in its net profit to 1,926,000 Swiss francs (€1,786,000-$1,791,000) for the financial year ended last Sept. 30 in spite of an 18.8 percent decrease in its revenues to CHF 161.7 million (€149.9m-$162.2m), due in part ...
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News briefs
On the back of relatively strong trading in the last...
On the back of relatively strong trading in the last two months, the board of the JD Sports Fashion group predicts that its profit before tax and exceptional items for the current financial year is likely to reach £10 million more than market expectations of £125 million (€172.1m-$189.5m). The board ...
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News briefs
Sports participation in the U.K. continues to rise, according to...
Sports participation in the U.K. continues to rise, according to the latest Sport England Active People Survey. The study, which covers the period between Oct. 2014 and Sept. 2015, reveals that 15.74 million people aged 16 and over played at least 30 minutes of sport at moderate intensity at least ...
