All articles by Bob McGee – Page 9
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ArticleXtep Intl. moving forward with three-prong strategy in China
Saucony and Merrell generated a 72 percent year-over-year increase in sales in H1.
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ArticleSuper Retail Group’s FY net falls by 11 percent
The Australian operator of four retail formats suffered an 11 percent drop in net profit after tax to A$242 million (€146.9m) for the 12 months ended July 1. Annual Ebit was down by 9 percent to A$400 million (€242.2m) for the group, which owns Rebel Sport, BCF, and Macpac. Total ...
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News briefsJD Sports maintains Ebit guidance but cites volatile environment
The UK-based group maintains its annual profit outlook amid global volatility, reporting solid Q2 growth driven by strong European, North American and Asia-Pacific sales.
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News briefsSports category boosts Stella Intl. in H1
The Chinese group received a lift from the sports category in the first half of the financial year.
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ArticlePeloton won’t chase unprofitable subscribers as CEO search continues
In Q4 ended June 30, the group reported flat year-over-year revenues at $643.6 million versus $642.1 million.
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ArticleGlobe eyes stronger sales outside Australia in FY25
Annual Ebit of the multi-brand skate, surf and swimwear company increased by 12%.
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News briefsKMD Brands reports preliminary FY results
KMD expects FY24 Ebitda of NZ$49-51m as sales drop 11.2%. Rip Curl and Kathmandu showed Q3/Q4 improvement, but margins fell 30 basis points.
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AnalysisMarket Analysis: The global athletic footwear market
Our annual overview of the athletic footwear market shows the global sales of 25 companies and compares how 2023 has developed compared to 2022.
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ArticleAmer Sports raises forecast, Ball & Racquet Sports sees moderate growth
Arc’teryx drives Amer’s Q2 success, boosting stock by over 10 percent and leading to an upgraded full-year forecast with strong growth in Technical Apparel.
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News briefsLi Ning lowers FY outlook as H1 profit dips
China’s largest sportswear maker Li Ning suffered a 3.0 percent decline in H1 operating profit to 2.40 billion yuan renminbi (€304.8m) versus RMB2.48 billion for the six months ended June 30. The net profit fell 8.0 percent to RMB1.95 billion (€247.7m). Ebit tumbled 6.7 percent to RMB2.61 billion (€331.6m) from ...
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ArticlePerfect Moment prepares for bigger US business
The British luxury brand expands its US presence with a SoHo pop-up and new distribution centers, aiming to boost its luxury skiwear brand across major cities.
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ArticleFila Holdings’ Q2 profitability benefits from Acushnet
Q1 consolidated group revenues fell 1.3 percent to KRW 1,175,289 million (€822.7m).
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News briefsGrendene’s Q1 net dips by 27 percent
Ebit was R$22.3 million (€3.7m) as gross margin improved by 170 basis points to 42.6 percent.
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News briefsXebio’s Q1 operating profit rises by 47 percent
Profit attributable to the parent increased by 40 percent in Q1 to ¥2,785 million (€17.3m).
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ArticleOn reiterates FY outlook as EMEA accelerates in Q2
EMEA sales increased by 22 percent to CHF138.4 million (€145.9m).
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ArticleAsics will hit FY26 targets early after blockbuster H1
The Japanese group reported net profit growth of 70 percent to ¥42,219 million (€261.7m) versus ¥24,796 million for the six months ended June 30. H1 operating profit increased by nearly 76 percent to ¥58,996 million (€365.8m) from ¥33,610 million as total revenues grew by 18.0 percent to ¥342,199 million (€2.12b). ...
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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 briefs361 Degrees’ operating profit jumps by 7 percent in H1
The Chinese group’s operating income for the six months ended June 30 increased 6.8 percent to RMB1.06 billion (€135.4m).
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News briefsJapan’s Alpen Co. sees annual operating profit tumble
The Japanese sporting goods retailer experienced a 34% decline in annual operating profit over the 12-month period ending June 30.
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ArticleYonex Q1 operating profit swings 20 percent higher
The Japanese sporting goods company’s group sales rose 11 percent to ¥31,067 million from ¥27,992 million.
