Financial insights for the sporting goods industry – Page 92
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News briefs
Manchester United has reported a 16 percent drop in retail,...
Manchester United has reported a 16 percent drop in retail, merchandising, apparel and product licensing revenues to £31.6 million (€43.3m-$49.5m) for the financial year ended June 30, including an 11 percent decline in the fourth quarter. ManU blamed the drops on reduced guaranteed revenues from Nike due to the team's ...
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News briefs
The Fila Korea group has reported a net loss of...
The Fila Korea group has reported a net loss of 31.8 trillion Korean won (€23.9bn-$27.0bn) for the second quarter ended June 30, compared with a profit of KRW29.5 trillion in the year-ago period, on 2.7 percent higher revenues of KRW 200.7 million (€0.15m-$0.17m). The Korean operation suffered a 7.6 percent ...
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News briefs
Giant Manufacturing Co. has raised prices in Europe, where its...
Giant Manufacturing Co. has raised prices in Europe, where its bike sales grew strongly in the first half in local currencies, to mitigate adverse currency exchange effects. Currencies cut the revenues of Giant by 57.1 million Taiwanese dollars (€1.6m-$1.8m) in the second quarter. At current rates, they grew by only ...
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News briefs
Johnson Health Tech turned around to a net loss of...
Johnson Health Tech turned around to a net loss of 161.8 million Taiwanese dollars (€4.4m-$5.0m) from NT$157.9 million in net profits for the second quarter. Sales increased by one percent to NT$ 3,479 billion (€95.5bn-$107.5bn) during the period, but the gross margin fell by 3.22 percentage points to 43.2 percent.
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News briefs
The turnover of Li & Fung declined by one percent...
The turnover of Li & Fung declined by one percent to $8.63 billion in the first half, reflecting macroeconomic conditions. It remained flat in the U.S. and fell by 13 percent in Europe. It grew by 14 percent in Asia but dropped by 9 percent in the rest of the ...
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News briefs
The revenues of China Dongxiang rose by 28.4 percent to...
The revenues of China Dongxiang rose by 28.4 percent to 597 million yuan renmimbi (€82.9m-$93.4m) in the first half ended June 30, leading to a 202 percent jump in net income to RMB 290 million (€40.3m-$45.4m). A big boost came from a 46.4 percent sales increase to RMB 464 million ...
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News briefs
New Wave Group reported a 21 percent increase in consolidated...
New Wave Group reported a 21 percent increase in consolidated sales to 208 million Swedish kronor (€21.9m-$24.7m) for the second quarter, but 52 percent of the growth was attributed to currencies. The Sport & Leisure segment, which includes Craft, Cutter & Buck and the distribution of Speedo and Umbro in ...
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News briefs
Acushnet Company raised its sales by 2.0 percent to $446.5...
Acushnet Company raised its sales by 2.0 percent to $446.5 million for the second quarter according to Fila Korea, which owns 12 percent of the parent company of Titleist and Footjoy, but the turnover was up by 4 percent on a currency-neutral basis. The gross margin improved to 53.1 percent ...
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News briefs
Puma's good performance in the second quarter helped Kering to...
Puma's good performance in the second quarter helped Kering to raise its revenues in the Sport & Lifestyle segment by 15.5 percent to €1.7 billion in the first half of this year. Together, Volcom and Electric grew by 15.3 percent to €129 million in euros but were down by 1.4 ...
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News briefs
In a preliminary trading statement, JD Sports Fashion said on...
In a preliminary trading statement, JD Sports Fashion said on July 31 that it was expecting its headline pre-tax income to be about 10 percent higher than the current consensus among financial analysts of £110 million (€155.4m-$170.5m). It confirmed that it suffered some loss of margin from the weakness of ...
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News briefs
Skullcandy, which is moving into lightweight wireless earbuds and headphones,...
Skullcandy, which is moving into lightweight wireless earbuds and headphones, saw its sales increase by 8 percent to $57.9 million in the second quarter. They rose by 5 percent to $41.3 million in the U.S. and by 16 percent to $16.7 million in other markets, with growth of 24 percent ...
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News briefs
In the U.K. the number of golf rounds played during...
In the U.K. the number of golf rounds played during the second quarter increased by 3.5 percent compared with those played in the same period of 2014, and the number grew by 6.7 percent for the first half of the year, according to the figures recently released by Sports Marketing ...
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News briefs
Dainese, the Italian specialist in protective wear for sports and...
Dainese, the Italian specialist in protective wear for sports and motorcycling bought by Investcorp last November, posted a sales increase of 9 percent last year to €127.9 million. The operating income before amortization (Ebitda) rose by 47 percent to €12.8 million. The net result moved from a loss of €1.8 ...
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News briefs
Neil Cole resigned last Friday as chairman, chief executive and...
Neil Cole resigned last Friday as chairman, chief executive and president of Iconix Brand Group, parent company of Danskin, Umbro, Ocean Pacific, Candie's and many other brands. The news, which came ahead of today's release of the company financial results, precipitated its share price, which has been under pressure following ...
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News briefs
In its first report since going public, Fitbit announced second-quarter...
In its first report since going public, Fitbit announced second-quarter revenues of $400.4 million, more than tripled from $113.6 million. International sales, which grew by 250 percent on an annualized basis, were driven by the Europe, Middle East and Africa region and the Asia-Pacific, up by 301 percent and 292 ...
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News briefs
Globeride's net income rose by 8 percent to 878 million...
Globeride's net income rose by 8 percent to 878 million yen (€6.4m-$7.1m) as its sales went up by 4 percent to ¥20.19 billion (€148.2m-$162.6m). The fishing tackle specialist, previously called Daiwa Seiko, sees the Japanese economy recovering slowly.
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News briefs
Athletic footwear sales went up by 8 percent in the...
Athletic footwear sales went up by 8 percent in the U.S. during the first half of 2015, according to NPD, with average selling prices rising by 7 percent. Sales of men's and women's shoes both increased by 8 percent, while children's shoe continued their fast pace with growth of 11 ...
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News briefs
Another Japanese firm, Dunlop Sports, had an implied 62 percent...
Another Japanese firm, Dunlop Sports, had an implied 62 percent increase in net income to 437 million yen (€3.2m-$3.5m) for its second quarter, ended June 30, on 21 percent higher sales of ¥20.83 billion (€152.9m-$167.7m). The company benefited from better weather conditions than during the snowy spring of 2014, but ...
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News briefs
Brunswick Corp. reported a 6 percent sales increase for the...
Brunswick Corp. reported a 6 percent sales increase for the second quarter, with revenues reaching $1,142.0 million. The sales increase was by 11 percent on a currency-neutral basis. Reported net earnings of $107.6 million compared with net earnings of $87.1 million in the second quarter of 2014. Sales in the ...
