Latest Headlines – Page 199
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Crocs’ profits rocket
Crocs saw its net income jump by 54.7 percent to $18.1 million for the second quarter, largely due to efforts to cut expenses and avoid discounted sales.Revenues were down by 3.3 percent from the year-ago quarter to $313.2 million, or by 2.7 percent on a constant-currency basis. This was at ...
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Canada Goose posts losses on 80% higher sales
Canada Goose saw revenues jump by 79.6 percent in the first quarter of its current fiscal year through June 30, with revenues reaching 28.2 million Canadian dollars (€18.8m-$22.1m). The increase was driven by growth in the direct-to-consumer (DTC) channel and the accelerated timing of wholesale shipments. Nevertheless, the company booked ...
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Higher losses for Black Diamond
Black Diamond reported lower margins and higher operating losses for the second quarter as compared to a year ago, due to a number of factors, but the management remained bullish about the balance of the year, due to many new product introductions, supported by higher marketing spend. Sales went up ...
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Johnson Outdoors posts record-high profits and revenues
Johnson Outdoors reported double-digit growth in sales for its third fiscal quarter ended June 30. Strong demand for new products drove significantly higher volumes and a nearly three-fold increase in net income compared with the year-ago quarter.Revenues jumped by 11.0 percent to $155.3 million in the quarter. They were boosted ...
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Mixed results for Newell
In the second quarter of the group's financial year, ended June 30, sales declined by 2.1 percent on a comparable basis in Newell Brands' Play segment, which comprises the brands formerly included in the Outdoor Solutions division of Jarden Corp. except for Marker, Völkl and other winter sports brands.The winters ...
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Outdoor drives Garmin’s results
Garmin raised its full-year guidance after posting earnings for the second quarter that exceeded its expectations, rising by 6.1 percent over the year-ago quarter to $171 million. On an adjusted basis - which excludes the impact of foreign currency gains and losses and certain income tax items - profits inched ...
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GoPro sees the light at the end of the tunnel
GoPro's shares jumped by 21.3 percent after the company announced that it expects fewer losses for the third quarter, following better-than-expected results for the second quarter. It also revealed that it is on track to launch the latest version of its flagship camera for the holiday season.As previously reported, GoPro ...
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Fitbit posts better-than-expected results
Fitbit recorded significantly lower revenues and profits for its second quarter ended on July 1 than in the year-ago period. However, they slightly exceeded the company's own guidance. This, and the announcement that Fitbit's first smartwatch would be arriving in time for holiday selling, sent shares up by more than ...
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Nautilus posts another weak quarter
After a difficult first quarter, when profits slid by almost 38 percent, Nautilus posted another set of disappointing results for the second quarter, as continuing weak sales of the TreadClimber within its direct business segment offset strength in its retail segment. Net income dropped by 29.5 percent to $2.5 million ...
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DuPont unveils its new Intexar technology for connected garments
DuPont's Advanced Materials division showcased its newest smart clothing technology at the latest Outdoor Retailer (OR) Summer Market, which took place in Salt Lake City on July 26-29. The company unveiled a new technology called Intexar, which is said to enable an easy transformation of regular fabrics into connected garments.DuPont ...
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Stronger growth again in sports shoes than garments
This came out for the fourth year in a row from the annual study conducted by Sporting Goods Intelligence on the global branded athletic footwear and apparel markets. While the sports shoe market grew by 8.5 percent to an estimated $57.97 billion last year in terms of the vendors' revenues, ...
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Puma upgrades guidance after sharp quarterly uptick
With a widely-spread and footwear-driven increase in demand, Puma's sales expanded faster than anticipated in the second quarter, which led to an upgrade in its full-year guidance for sales as well as operating income.The company said nine days ahead of the publication of its quarterly results last week that its ...
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Adidas raises guidance, sells CCM Hockey
The Adidas Group has again raised its guidance for the full year, after its sales increased by 20 percent to €5.0 billion for continuing operations in the second quarter, up by 19 percent in constant currencies, and operating profit surged by 18 percent to €505 million.The group issued preliminary figures ...
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Top executives earned less at Nike last year
The Nike group's disclosure on executive compensation shows that most of the group's top executive team suffered double-digit pay cuts for the fiscal year to the end of May – although it was from reduced stock options and share awards, as opposed to salary. Mark Parker, the company's chief executive, ...
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Skechers’ sales rise by 17% but foreign costs keep profits down
Skechers USA's results for the second quarter topped expectations, due in part to strong double-digit growth in its business outside the U.S. Total revenues hit a new record of $1,030 million, which represents an increase of 16.9 percent over the second quarter of 2016. When it reported first-quarter results in ...
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The low pound sinks Sports Direct’s profit
Sports Direct International (SDI) saw its underlying operating profit before tax more than halved for the full year to the end of April, but the collapse was mostly blamed on exchange rate changes and depreciation charges, while the sports retailer raised its sales in the U.K. and other European markets.SDI ...
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SDI invests in flagship stores and management
Mike Ashley, majority shareholder and chief executive at Sports Direct International (SDI), was apparently unfazed by the group's sharp decline in profit for the fiscal year to the end of April, as he explained that the retailer has strongly invested in upgrading its store concept and is moving toward its ...
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Pentland’s Ebit grows beyond 10%
The Pentland Group has reported a 21 percent increase in total revenues to £2.9 billion (€3.2bn-$3.8bn) in 2016, driven by the ongoing expansion of JD Sports Fashion, the U.K.-based retailer in which it has majority control.The group's operating profit jumped by 50 percent to £331 million (€370.4m-$432.5m), up from £220 million ...
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Sport 2000 grows by 4.5%, eyes new markets
After its entry into the Middle East earlier this year, via Leader Sport, Sport 2000 International is planning to targeting the markets of Spain, Hungary, Greece and the Balkan states. It hopes to wind up master licensing agreements in at least some of these countries before the end of the ...
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The head of Intersport U.K. leaves for Al Mana in the Gulf States
Tom Foley, who has been general manager for Intersport in the U.K. and Ireland for more than six years, has been appointed to take charge of the sports retailing arm of the Al Mana Group in the Gulf States.The Al Mana group is a conglomerate operating in the automotive, real ...
