Financial insights for the sporting goods industry – Page 96
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News briefs
Sports Marketing Surveys (Sms), in conjunction with Women & Golf...
Sports Marketing Surveys (Sms), in conjunction with Women & Golf Magazine, has announced the forthcoming release of a study into British golfers which shows that male golfers could be a key stimulus in increasing women's participation in the sport. According to the study, commissioned by the magazine, the top reason ...
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News briefs
Yue Yuen raised its total sales by 6 percent to...
Yue Yuen raised its total sales by 6 percent to the equivalent of $8 billion in 2014, based on the company's latest monthly sales updates. In December, its sales increased by 3 percent to $734 million as compared to the same month a year earlier.
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News briefs
Descente is projecting a 21 percent increase in net income...
Descente is projecting a 21 percent increase in net income to 5.4 billion yen (€40.7m-$46.0) on 12 percent higher sales of ¥123 billion (€927.8m-$1,047.1m) for the financial year ending in March. In the first nine months through Dec. 31, sales increased by 14 percent to ¥86.3 billion (€651.0m-$734.7m) generating a 51 percent increase ...
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News briefs
The ANWR Group, which controls the operations of Sport 2000...
The ANWR Group, which controls the operations of Sport 2000 and Fairplay International Sports in Germany, Switzerland and the Benelux countries, reports a sales increase of 8.4 percent in the sporting goods sector to €844 million. The segment ended the year with a 9.2 percent jump in December. More details ...
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News briefs
Deckers Brands' share price tumbled by 19.7 percent after the...
Deckers Brands' share price tumbled by 19.7 percent after the company published lower than expected financial results for the third quarter ended Dec. 31 and reduced its own expectations for the full financial year. The stronger dollar and soft sales of Classic Ugg styles in October and November were cited ...
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News briefs
Erima's sales grew by 15 percent to €53 million in...
Erima's sales grew by 15 percent to €53 million in 2014. The German team sports brand benefited from its diversification into tennis and running clothing and from the victories of sponsored German teams in handball and tennis.
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News briefs
Jack Wolfskin, which is going under new management, has reported...
Jack Wolfskin, which is going under new management, has reported a 6.5 percent sales increase to €365 million for the financial year ended last Sept. 30, after declines of one percent and 8 percent in the previous two years, but this was apparently due primarily to its international expansion, notably ...
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News briefs
In a preliminary statement, JD Sports Fashion reported a strong...
In a preliminary statement, JD Sports Fashion reported a strong 12 percent increase in same-store sales for the five weeks ended Jan. 3, in spite of strong comparatives in the previous year, as well as for the first 48 weeks of its current financial year, ended on the same day. ...
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News briefs
Exceed, the Chinese company behind the Xidelong brand, reported that...
Exceed, the Chinese company behind the Xidelong brand, reported that its performance improved markedly in the first half of 2014. Its sales jumped by 29.7 percent to 845.2 million yuan renminbi (€117.5m-$136.1m) and its operating profit more than doubled to RMB 96.9 million (€13.5m-$15.6m). Exceed ended the half-year with net ...
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News briefs
ABC-Mart, the Japanese-based sports retailer, which operates more than 800...
ABC-Mart, the Japanese-based sports retailer, which operates more than 800 stores in Japan, Taiwan and South Korea, has reported a 15 percent sales increase to 150.0 billion yen (€1,097m-$1,284m) for the nine months ended Nov. 30. The gross margin dropped slightly to 55.4 percent, but net earnings rose by 28 ...
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Short stops
Sport Panel reports that it is conducting the first study...
Sport Panel reports that it is conducting the first study of the Spanish bike market, analyzing the image and service level of the brands
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News briefs
Callaway Golf has raised its guidance for this year's earnings,...
Callaway Golf has raised its guidance for this year's earnings, predicting pre-tax income of between $19 million and $21 million, but repeats that sales will rise by 6 percent to about $890 million, indicating gains in market share. On the other hand, the company, which generates half of its turnover ...
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News briefs
Groupe Rossignol reportedly made an operating profit margin before amortization...
Groupe Rossignol reportedly made an operating profit margin before amortization (Ebitda) of 7 percent in the past financial year on 8 percent higher sales of €223 million. It made also a unspecified net profit. Its sales if apparel grew vt 35 pecent to around €20 million. As previously reported, Rossignol ...
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News briefs
Metro made a consolidated net profit of €127 million in...
Metro made a consolidated net profit of €127 million in the financial year ended last Sept. 30, against a loss of €35 million in the previous year, although changes in foreign currencies reduced its profits by €82 million. Total revenues declined by 4 percent to €63 billion, but were up ...
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News briefs
Schweizer Sport & Mode predicts that the Swiss sporting goods...
Schweizer Sport & Mode predicts that the Swiss sporting goods market will end up flat this year in terms of the retail turnover. Working in combination with GfK and Asmas, it has calculated a 0.4 percent decline for the third quarter, due to a lot of rain and cool temperatures ...
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Short stops
Accell Group is forecasting significantly higher net income for this...
Accell Group is forecasting significantly higher net income for this year, due in part to stronger organic growth in the second half, with less prior-year inventory to sell at a discount
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News briefs
New Wave Group raised its sales by 8 percent to...
New Wave Group raised its sales by 8 percent to 1.12 billion Swedish kronor (€120.4m-$148.9m) in the third quarter. Operating earnings rose to SEK 92.8 million (€10.0m-$12.3m) from SEK 95.7 million a year ago, and the net profit increased to SEK 57.8 million (€6.2m-$7.7m) from SEK 66.9 million. Sales in the Sports & ...
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News briefs
Björn Borg reports a 55 percent increase in net earnings...
Björn Borg reports a 55 percent increase in net earnings to 24 million Swedish kronor (€2.6m-$3.2m) in the third quarter, thanks to an improved gross margin of 52.4 percent, cost controls and discontinuing its Chinese operations. Sales increased by only 2 percent to SEK 163.7 million (€17.7m-$21.7m), but the Swedish underwear ...
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News briefs
Total sales of sporting goods increased in Norway by 5...
Total sales of sporting goods increased in Norway by 5 percent in the first nine months of 2014, according to the local industry association, Sportsbransjen, which is predicting a record year for the sector. Year-on-year, sales declined slightly in the first quarter, but they were relatively good in the second ...
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News briefs
Fila Korea turned around to a net profit of 20,984...
Fila Korea turned around to a net profit of 20,984 billion Korean won (€15.3m-$18.9m) in the third quarter ended Sept. 30 from a loss of KRW 8,346 billion in the same period a year ago. Revenues increased by 6 percent to KRW189,347 billion (€137.8m-$169.7m), but the gross margin declined slightly ...
