All articles by Bob McGee – Page 10
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ArticleSaucony making progress amid parent’s turnaround
Total sales for the brand under the Wolverine Worldwide umbrella fell by 28% in Q2 compared to the same period last year.
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ArticleMizuno’s Q1 operating income rises by 22 percent
The Japanese group reaffirmed its fiscal year outlook after reporting a 22% increase in operating income for the first quarter.
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ArticleUnder Armour begins rebuilding its ‘House’ amid Q1 loss
With former, longtime Adidas senior executive Eric Liedtke in the fold as EVP of Brand Strategy and the beginnings of $70 to $90 million restructuring underway, Under Armour reported a net loss of $305 million against a profit of $10 million in Q1 ended June 30. Some $274 million in ...
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ArticleAlpargatas turns Q2 profit but sales in Europe sag
The Havaianas parent reported Ebitda of R$69.2 million (€11.3m) versus $6.8 million for the period ended June 30.
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ArticleHanesbrands taking a new direction sans Champion
Hanesbrands, which reached an agreement to divest its global Champion business and exited its U.S. outlet store network in July, is moving forward with a more focused, simplified business structure focused on the remaining brands in its portfolio. In H2, the company will pay down approximately $1 billion in ...
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News briefsVulcabras faces multiple challenges in Q2
Despite economic challenges and a devastating flood in Rio Grande do Sul, the Brazilian group remains resilient.
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ArticleTopgolf Callaway explores strategic options and lowers FY outlook
The golf group Topgolf Callaway´s Q2 revenues slipped by 1.9 percent to $1.16 billion from $1.18 billion, negatively impacted by a reported 8.2 percent drop in Golf Equipment sales.
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News briefsAllbirds reduces Q2 operating loss, moves forward with international plans
Allbirds improved its year-over-year Q2 operating loss by 32 percent.
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ArticleGoPro plans cost cuts to achieve profitability by 2025
Despite a challenging H1, the action cam company aims for profitability in 2025 through cost reductions and diversification. Q2 saw a 23% revenue decline but growth in subscriptions.
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ArticleGolf balls and the US drive Acushnet in Q2
For the Titleist and FootJoy parent, net income declined by 4.3 percent to $71.4 million from $74.7 million, but gross margin improved by 90 basis points.
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ArticleVF Corp. optimistic that EMEA will spearhead Vans’ turnaround
Based on the latest results, the group firmly believes that its flagging Vans segment will recover.
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ArticleDescente Q1 operating profit slips on higher costs
Higher brand sales and favorable currency impacts led to a 1.2% revenue rise to 27,482m Japanese Yen in Q1, despite a drop in operating income.
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ArticleGildan sales outside North America rise by 7% in Q2
Gildan reported a 41 percent increase in Q2 operating income to $195.5 million versus $138.7 million for the period ended June 30.
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ArticleCrocs delivers record Q2, outlook on ‘cautious consumers’ spooks investors
Crocs shares fell almost 2.7% after a disappointing third-quarter forecast that revealed a cautious outlook for the US and China, despite strong international sales and growth of its iconic Classic Clogs in Q2.
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ArticleCanada Goose generates robust Asia-Pacific sales in Q1
Despite a challenging first quarter with a decline in wholesale, the Canadian company achieved overall sales growth of 4%, driven by strong demand in the Asia-Pacific region for its SS24 collection.
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News briefsBasicNet’s H1 Ebitda falls by 22 percent
The Italian group ended the first six months with €-93.1 million and forecasts H2 results to be flat year over year.
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ArticleFitness, automotive segments drive Q2 sales at Garmin
Garmin adjusted its FY guidance after reporting operating income growth of 20 percent on a 14 percent total revenue expansion in Q2.
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ArticleAdidas’ results in step with earlier guidance
The preliminary Q2 results published in mid-July were confirmed with the official figures: The group posted sales growth of 8.9% to €5.82 billion.
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ArticleBrooks Running rebounds in EMEA
The Seattle-based company recorded sales growth of 4 percent in the second quarter and achieved record global sales with an increase of 15 percent compared to the same quarter of the previous year.
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ArticleGrupo SBF turns a profit in Q2, improves key figures
The Brazilian group hit historical net revenue, gross income, Ebitda and net income for the period ended June 30.
