All articles by Bob McGee – Page 3
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ArticleAcushnet outlines tariff mitigation strategy as Q1 sales come in flat
“Over the longer-term, I think we have a plan to move out of China in certain aspects of our business,” CEO David Maher said.
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ArticleVulcabras’ Q1 results bolstered by athletic footwear
The Brazilian footwear group reported a 19.5 percent increase in Q1 net income to 106.1 million Brazilian reais (€16.5m).
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ArticleColumbia pulls FY25 guidance on market uncertainty
In Q1, ended March 31, the company reported 4.1 percent operating income growth to $46.5 million.
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ArticleGymshark turns small FY24 operating profit; European sales up 17%
Annual turnover rose by 13.6 percent to €539.7m and gross margin improved by 491 basis points to 55.21 percent.
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ArticleStrong Adidas results tempered by potential tariff impact
Operating income for the German brand rose by 82 percent to €610 million from €336 million in the period ended March 31.
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ArticleJD Sports maintains FY25 guidance, details FY26 outlook
In its recently completed FY25, JD Sports posted organic revenue growth of 5.8 percent and profit before tax and adjusted items in line with its January guidance range of £915-£930 million (€1.06-1.09b).
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AnalysisAnalysis: The top sporting goods industry performers by sales and profits in Q4 2024
Seven firms reported one-time charges of at least $10 million, offset by VF Corp., Wolverine Worldwide, Foot Locker, and Zumiez, who were overlapping large end-of-year write-downs. Excluding Topgolf, year-over-year Equipment RoS improved from a 3.8 percent year-on-year decline to essentially flat. Diversified/Retail is Q4’s strongest segment. Year-over-year RoS rose to ...
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ArticleLi Ning posts 3.4 percent increase in annual operating profit
By product category, retail sales of running shoes were up 25 percent year-over-year with fitness footwear up by 6 percent.
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ArticleInternational drives the topline as Lululemon annual sales top $10bn for first time
Markets outside the Americas were vital to Lululemon surpassing annual revenues of $10 billion for the first time in 2024.
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ArticleTechnogym posts strong FY24 results despite geopolitical uncertainties
Year-over-year Ebit rose by 22 percent to €122,962,000 and annual net profit jumped by 15.5 percent.
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ArticleRip Curl with DTC growth, while wholesale dropped for KMD due to cautious pre-season buying
Despite a tough first half, the parent of Kathmandu, Oboz and Rip Curl sees positive momentum in DTC and wholesale orders.
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News briefsStella Intl.’s operating income rises by 15.7% in 2024
Stella’s annual operating income rose 120 basis points to 11.9 percent.
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ArticleFila Holdings reports FY24 sales up 3%, rebrands as Misto
Net loss widened to 69,402 million Korean won (48.6 million euros) in Q4.
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ArticleNike’s Q3 result $11.3bn, down 9% – Hill: ‘We’re on the right path’
Nike moving with “focus and urgency,” but sets realistic outlook for complete turnaround.
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ArticleAnta Sports’ FY24 operating profit grows nearly 51 percent
The Chinese group realized a 50.7 percent increase in annual operating profit to shareholders at 16,989-million-yuan renminbi (€2.15b) for the 12 months ended Dec. 31.
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ArticleXtep Intl. realigns strategy, raises FY operating profit by 9.3 percent
Saucony’s parent company´s revenue from continuing operations increased by 6.5 percent to RMB13,577.2 million (€1.782b).
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ArticleGrupo SBF’s adjusted Ebitda improves by 27% in FY24
The group was particularly pleased with results from its Centauro segment.
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ArticleXponential Fitness loss widens; restates 2023 financials
The changes increased its net loss for the fiscal year to $6.4 million from $1.7 million.
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ArticleZumiez posts Q4 operating profit, but cautious on FY25 view
Gross margin improved to 36.2 percent and comparable store sales grew to 5.9 percent.
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ArticleAllbirds banking on new assortments, initiatives to fly high again in late 2025
The San Francisco-based group believes new fall product assortments in the fall will bolster its fortunes and topline starting in Q4/25 after a transitional year in 2024.
