All Financial results articles

  • crocs
    Article

    Crocs raises guidance as Q2 revenues stride ahead

    2021-07-23T16:54:00Z

    Crocs reported better-than-expected second-quarter sales and raised its full-year guidance on the back of strong global demand for its products, despite supply chain disruptions caused by the Covid-19 pandemic. Easily beating an analyst consensus forecast of $565.2 million, the company posted record revenues of $640.8 million for the ...

  • Skechers
    Article

    Skechers’ sales rise by 127.3%, driven by comfort trends

    2021-07-23T16:53:00Z

    Skechers reported a 127.3 perrcent increase in revenues to a record level of $1.66 billion for the second quarter ended June 30, with a growth of 117.5 percent in local currencies and of 31.7 percent from the second quarter of 2019. Improving its guidance for the full financial year, ...

  • News briefs

    BH Fitness saw its revenues increase by nearly 70% during the pandemic

    2021-07-22T14:06:00Z

    BH Fitness said its turnover jumped by 69.7 percent in 2020 as compared to 2019. The positive performance achieved by the Spanish fitness equipment company during the Covid-19 pandemic followed four consecutive years of decline. The closure of its subsidiaries in the U.S., China and Taiwan allowed BH to ...

  • Asos logo
    News briefs

    Asos warns of volatility ahead while global sales rise

    2021-07-22T08:57:00Z

    Asos, the British online fashion retailer, warned of volatility in the months ahead, due to the rapidly evolving Covid situation worldwide, as it reported a rise in sales and maintained its guidance for annual profits. It pointed out that profits were being squeezed by increased freight costs and global supply ...

  • Article

    StockX reaches new milestones, thanks to diversification

    2021-07-21T17:18:00Z

    In a mid-year Snapshot of its “Culture Index,” which was first launched last year, StockX reported a 90 percent increase in the gross merchandise value (GMV) going through its marketplace in the first half of 2021, led by a growth of 250 percent from “emerging categories” such as gaming ...

  • Article

    More Chinese firms guide for better results

    2021-07-21T17:18:00Z

    Xtep International is guiding for an increase of at least 65 percent in net income for the first half of 2021, thanks to better-than-expected revenues and higher gross margins. The company, which has also a joint venture with Wolverine Worldwide for China, had reported a profit of 247.9 ...

  • Article

    Recreational trends benefit Thule

    2021-07-21T12:52:00Z

    Continuing its strong growth trend for the fourth quarter in a row, the Swedish-based Thule Group reported improved results for the second quarter ended June 30. Net sales went up by 58.1 percent to 3,229 million Swedish kronor (€315.5m-$371.4m) as compared to the same period a year ago, when ...

  • Article

    Stella’s Q2 sales rise by 58.1%

    2021-07-20T14:15:00Z

    The revenues of Stella International, the Chinese footwear group based in Hong Kong, rose by 58.1 percent to $392.1 million in the second quarter of 2021 from $248.0 million a year earlier, when the company’s sales were negatively impacted by the outbreak of the Covid-19 pandemic. The top line, ...

  • 1200px-Rapala_Logo.svg
    Article

    New anglers help Rapala reel in strong H1 sales rise

    2021-07-19T09:26:00Z

    Rapala VMC, the Finnish-based fishing tackle company, reported a sharp rise in first-half sales, driven by strong demand for fishing gear from new anglers as a Covid-safe activity. Sales for the six months to June 30 increased by 36 percent to €159.6 million. The bottom line turned around to ...

  • Article

    Puma’s sales nearly doubled in Q2

    2021-07-17T10:30:00Z

    In advance of its financial release for the second quarter ended June 30, which is scheduled for July 29, Puma announced on July 16 that it will report an operating profit (Ebit) of about €109 million for the period, compared with a loss of €115 million a year earlier, ...

  • sportmaster
    Article

    Danish Sportmaster fit for Nordic expansion

    2021-07-15T17:19:00Z

    The Russian-based Sportmaster Group says that all the financial parameters were positive last year for the Danish sporting goods retail chain by the same name, which it took over in December 2019. Declining to provide any details about the subject, it also said that Sportmaster Denmark and its ...

  • XXL
    Article

    Better margins but lower sales and market shares for XXL

    2021-07-15T17:14:00Z

    XXL ASA saw its revenues decline by 15.5 percent in the second quarter to 2,420 million Norwegian kroner €232.6m -$274.8m), as temporary store closures due to the Covid-19 pandemic and delays in the delivery of bicycles hit its top line. On a like-for-like basis, sales were down by 13.4 percent. ...

  • Anta_Logo
    Article

    Anta unveils 5-year strategic targets and a 24-month acceleration plan

    2021-07-09T17:13:00Z

    While providing another update on its results for the second quarter, Anta Sports Products announced new strategic targets that it wants to achieve over the next five years and a 24-month acceleration plan, called “Lead to Win,” for its core Anta brand. It had nothing to say ...

  • News briefs

    Buff grows by 63%

    2021-07-08T15:56:00Z

    Original Buff , the Spanish headwear and neckwear company, saw its revenues soar by 63 percent to €85 million during the financial year ended April 30, thanks to multiple reasons. It benefited from the increased popularity of outdoor activities during the Covid-19 pandemic, the launch of its anti-Covid face masks ...

  • Article

    Publishing some figures, ABG files for its IPO

    2021-07-07T17:19:00Z

    Confirming rumors that have circulated in the past few weeks, the rapidly expanding Authentic Brands Group ( ABG ) has filed for an initial public offering. It said it seeks to raise $100 million through an IPO on the New York Stock Exchange , but it did not indicate yet ...

  • News briefs

    Kathmandu group issues a profit warning

    2021-07-07T16:39:05.540Z

    The new Covid-related retail lockdowns in Australia have negatively affected the profitability of Kathmandu Holdings , whose assets include Rip Curl . Its guidance for the financial year ending July 31 has been reduced to underlying Ebitda of 120 million New Zealand dollars (€71.3m-$84.1m) on revenues of NZ$ 930 million ...

  • Article

    Intersport Austria emerges reinvigorated in H1

    2021-07-05T16:49:00Z

    Intersport Austria had to report a drop in sales of almost ten percent for the first half of 2021, yet the cooperative is optimistic about the year as a whole, as long as trade and borders remain open. Despite long retail lockdowns and a largely lost ski season earlier ...

  • JD Sports
    Article

    JD upgrades its forecast, reinstates the CEO role

    2021-07-01T16:03:00Z

    Confirming a report that came out in The Sunday Times in May, which had been initially denied , Peter Cowgill , executive chairman and CEO of JD Sports Fashion, revealed a plan to divide his role before the next annual general meeting of the company one year from now, ...

  • News briefs

    Li Ning sees sales rising by 60%

    2021-06-29T08:34:00Z

    Li Ning Company said in a preliminary statement that its earnings will reach a level of at least 1.8 billion yuan renminbi (€233m-$279m) in the first half of this year, almost three times higher than the RMB 683.4 million reported for the first half of 2020, thanks to a ...

  • nike_4q21
    Article

    Nike beats expectations as EMEA, North America sales surge and China resists

    2021-06-25T17:20:00Z

    The Nike group posted better-than-expected results for the fourth quarter ended on May 31, 2021, as sales nearly doubled as compared to a year earlier, when its performance was severely impacted by store closures tied to the Covid-19 pandemic. After the release of higher-than-expected results for the quarter, ...