Financial insights for the sporting goods industry – Page 96
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News briefs
Intersport PSC reported a 16.7 percent drop in consolidated sales...
Intersport PSC reported a 16.7 percent drop in consolidated sales to 112.5 million Swiss francs (€108.9m-$118.7m) for the first six months of its financial year, ended on March 31, and its new management is forecasting a slight decline for the full year. However, the Intersport licensee for Switzerland enjoyed a ...
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News briefs
Acushnet raised its sales by 1 percent to $416.2 million...
Acushnet raised its sales by 1 percent to $416.2 million in the first quarter. In constant currencies, they went up by 7 percent, with strong performance in the Europe, Middle East and Africa region as well as in the U.S., Canada, Australia and New Zealand.
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News briefs
Liberty Ventures said that revenues from its continuing e-commerce operations...
Liberty Ventures said that revenues from its continuing e-commerce operations grew by 1 percent to $276 million in the first quarter, led by increases of $10 million at Backcountry.com as well as at Bodybuilding.com. The adjusted operating profit on these operations increased to $29 million from $22 million in the ...
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Indonesian press reports indicate that a Chinese company has invested...
Indonesian press reports indicate that a Chinese company has invested in the construction of a shoe factory with a capacity of 15 million pairs to manufacture footwear for Nike. Established in Garut, West Java, the factory is to provide employment for 5,500 people. The Indonesian trade ministry reports that the ...
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News briefs
Yonex, which is gearing up to begin direct sales in...
Yonex, which is gearing up to begin direct sales in the Chinese market, reported a 48 percent increase in net income to 1,694 million yen (€12.4m-$14.2m) on 10 percent higher revenues of ¥47,619 million (€348.6m-$399.1m) for the financial year ended March 31. Sales grew by 18 percent in Europe to ...
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News briefs
Goldwin, the Japanese ski and outdoor apparel company, reported a...
Goldwin, the Japanese ski and outdoor apparel company, reported a sales increase of 4.6 percent to ¥57.4 billion (€426.3m-$475.5m) for the fiscal year until the end of March. Goldwin, which distributes a mass of sports and outdoor brands in Japan, South Korea and other parts of Asia, reaped operating income ...
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News briefs
Manchester United reports that its retail, merchandising, apparel and product...
Manchester United reports that its retail, merchandising, apparel and product licensing revenues contracted by 9.5 percent to £7.6 million (€10.6m-$11.8m) for the third quarter of its fiscal year, up to the end of March. This was chiefly due to reduced guaranteed revenue from Nike, as the club failed to qualify ...
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News briefs
Setting the record straight after some misleading reports, Intersport Spain...
Setting the record straight after some misleading reports, Intersport Spain says its retail turnover after VAT rose slightly to €250 million in 2014 from €248 million in the previous year. The number of stores rose to 271 after 18 new openings and 17 closures. Operating profits have been improving. Like ...
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News briefs
Fila Korea saw its operating income fall by 7 percent...
Fila Korea saw its operating income fall by 7 percent to 27.6 billion Korean won (€22.2m-$25.5m) in the three months ended March 31. Revenues went up by 8 percent to KRW 215.17 billion (€173.4m-$198.5m) during the period. The gross margin declined by 3.16 percentage points, down to 44.9 percent of ...
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News briefs
Forum Sport raised its sales by 1.98 percent to €107.1...
Forum Sport raised its sales by 1.98 percent to €107.1 million in 2014, generating a vastly improved pre-tax profit of €2.15 million. The Spanish sporting goods chain had been suffering sales declines in the previous two years.
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News briefs
Thule Group reported vastly improved results for the first quarter...
Thule Group reported vastly improved results for the first quarter of 2015. Sales increased by 27.1 percent to 1.37 billion Swedish kronor (€145.6m-$163.1m), although they went up by only 11.5 percent in local currencies, with lower growth in North America than in Europe and the rest of the world. The ...
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News briefs
Mash Holdings, the holding company that regroups interests held by...
Mash Holdings, the holding company that regroups interests held by Mike Ashley in the sports business, more than doubled its pre-tax operating profit in the fiscal year to the end of April 2014 to £542.6 million (€758.4m-$834.2m), according to accounts filed at Companies House and reported by British newspapers. Mash ...
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News briefs
Nautilus is now planning to launch its Bowflex Max Trainer...
Nautilus is now planning to launch its Bowflex Max Trainer internationally through foreign distributors in the second half of this year. The product continued to be the main sales driver for the company in the first quarter of 2015, where Nautilus raised its total revenues by 34 percent to $96.2 ...
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News briefs
The annual report published by Asics a few days ago...
The annual report published by Asics a few days ago states that the company is on track to reach sales of ¥400 billion (€2,981.8m-$3,328.1m) for the fiscal year until the end of December 2015, which is the target of its five-year strategic plan. This compares with sales of ¥354 billion ...
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News briefs
New Wave Group reports a 21 percent sales increase to...
New Wave Group reports a 21 percent sales increase to 1,096 Swedish kronor (€117.6m-$131.3m) for the first quarter, with a 9 percent gain in local currencies. The gross margin improved to 45.7 percent and operating profit grew by SEK 7.7 million, resulting in an operating margin of 0.2 percent compared ...
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News briefs
Luxottica is expected annual savings of €100 million from the...
Luxottica is expected annual savings of €100 million from the integration of Oakley's back-office functions and sales operations into the group, which we have already reported about. The group would like to see Oakley's sales and the number of O stores double over the next three years. The group reported ...
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News briefs
Sales grew by 3.1 percent in dollars and by 6...
Sales grew by 3.1 percent in dollars and by 6 percent in local currencies in the first quarter for the fitness segment of Brunswick Corp., which now comprises Life Fitness and Hammer Strength as well as the Brunswick billiards business. They reached $185.6 million, but the segment's operating income fell ...
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News briefs
Lululemon Athletica posted net income of $239.0 million for the...
Lululemon Athletica posted net income of $239.0 million for the financial year ended Feb. 1, down from $279.5 million in the prior year, on 13 percent higher revenues of $1.8 billion. The situation was reversed in the final quarter, where the Canadian-based company raised its net earnings slightly to $110.8 ...
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News briefs
Pou Sheng International, one of the two leading Chinese retailers...
Pou Sheng International, one of the two leading Chinese retailers of sports apparel and footwear, saw its sales increase by 23.9 percent to $580.5 million for the first three months of the year. The month of March alone yielded a sales increase of 16.7 percent to $197.2 million. Several Chinese ...
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News briefs
Himaraya, the big Japanese sporting goods retail chain, reported a...
Himaraya, the big Japanese sporting goods retail chain, reported a 72 percent increase in net income to 225 million yen (€1.8m-$1.9m) for the six months ended Feb. 28. Sales rose by 4 percent to ¥34.6 billion (€274.1m-$290.0m). The gross margin improved by 1.1 percentage points to 37.4 percent, but operating ...
