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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 46+47
Fueled by technical apparel segment, Amer Sports reports strong Q3 | Saucony eyes easier sales comparisons, expanded US distribution in 2025 | Analysis: The latest inventory levels in the sporting goods industry, Q2 2024 | Asics’ momentum continues, moving HQ in 2028 | Under Armour’s turnaround strategy taking shape | On Holding’s Q3 results impacted by currency effects | Fila Holdings delivers 1 percent operating profit gain in Q3 | Mizuno H1 operating profit up 20 percent, maintains FY outlook | GoPro’s ‘challenging year’ continues in Q3 | Canada Goose results impacted by weak DTC comps | Allbirds lowers operating loss as turnaround moves forward | New Wave expects ‘a few more challenging quarters’ as sports & leisure Q3 sales flatline | Acushnet sales up in Q3, but profit dips | Topgolf Callaway Brands drops FY guidance, confirms Topgolf strategy | Golden Goose’s sales rise by 12% at constant exchange rates | Perfect Moment reviewing its European distribution strategy | Yue Yuen posts strong manufacturing but weak retail results | Yonex lifts FY outlook after strong H1 | Alpargatas turns Q3 profit as international, Rothy’s improve strongly | Thule buys market leading niche company for €310 million | XXL to conduct an underwritten rights issue to secure €60 million | UN resolution acknowledges sport as an enabler of sustainable development | Guillaume Meyzenq to be Salomon’s new President and CEO
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ArticleYue Yuen posts strong manufacturing but weak retail results
Yue Yuen generated strong nine-month manufacturing results but the group’s retail arm, Pou Sheng Intl., suffered from soft sales momentum with weak traffic across various Chinese cities.
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 44+45
Adidas Q3: Ready to deliver revenue growth of 10% | Puma maintains FY24 outlook as Q3 sales rise in all regions | VF Corp.’s turnaround continues to take shape | Hoka continues to shine and makes Deckers raise guidance in better-than-expected Q2 | Garmin posts double-digit sales gains in all segments | Columbia Sportswear reports margin improvement despite sales decline in Q3 | Skechers sees rebound in India, stumbles in China in Q3 | Crocs cautious on FY sales outlook as Heydude recovery drags on, China growth slows | Fenix Outdoor reports mixed Results in Q3 | Vulcabras’ profit rises 35 percent in Q3 | Zalando reports solid growth in B2C and B2B in Q3 | XXL sees some recover in Sweden, reports another loss | Gildan sales outside North America increase by 20% in Q3 | Moncler nine-month sales rise by 6 percent | Topsports’ H1 revenues, profit tumble | Peloton beats Q1 guidance, hires new president and CEO | Leki and Hestra announce gear partnership | New partnership promotes transparency in tracing plastics recycling | Russian sporting goods market growth slows down
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News briefsYue Yuen gives positive profit warning
The company said it has been optimizing its staffing levels relative to the demand in its order pipeline.
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AnalysisAnalysis: The top sporting goods industry performers by sales and profit in Q2 2024
One-third of the companies – 15 in all – reported a net loss in the reporting period closest to June 30 in Q2 2024. Find out more with our latest scorecard.
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 32+33+34
Puma leaps up 2.1% in sales Q2 | Market Analysis: Global athletic footwear sales increase by 6.7 percent in 2023 | Under Armour begins rebuilding its ‘House’ amid Q1 loss | On reiterates FY outlook as EMEA accelerates in Q2 | Asics will hit FY26 targets early after blockbuster H1 | Amer Sports raises forecast, Ball & Racquet Sports sees moderate growth | VF Corp. optimistic that EMEA will spearhead Vans’ turnaround | Saucony making progress amid parent’s turnaround | Global footwear production fell 6% in 2023 | New executive leadership team for Scott Sports | New CEO at Intersport Austria | Deckers divests Sanuk | Fila Holdings’ Q2 profitability benefits from Acushnet | Topgolf Callaway explores strategic options and lowers FY outlook | GoPro plans cost cuts to achieve profitability by 2025 | New Q2 record for New Wave Sports, investment in US market launched | Mizuno’s Q1 operating income rises by 22 percent | HanesBrands taking a new direction sans Champion | Descente Q1 operating profit slips on higher costs | Golf balls and the US drive Acushnet in Q2 | Yonex Q1 operating profit swings 20 percent higher
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ArticleYue Yuen experiences order book ‘normalization’
Despite that, the world´s largest footwear manufacturer has lower H1 sales.
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News briefsYue Yuen sees recovery taking shape
Yue Yuen expects H1 profitability to surge, driven by improved capacity utilization, increased footwear shipments and a focus on efficiency.
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ArticleYue Yuen sees ‘gradual recovery trend’ as Q1 net soars
Profit attributable to owners of the Chinese group Yue Yuen increased by 97 percent to $100.0 million from $50.8 million for the period ended March 31. Ebit rose by 82 percent to $145.1 million from $79.7 million despite a 4.9 percent decline in total revenues to $2.0 billion from $2.1 ...
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AnalysisAnalysis: The top sporting goods industry performers by sales and profits in Q4 2023
Quarterly losses were much reduced in Q4, but overall results were still negative. Find out more in our latest scorecard.
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