All Financial results articles

  • Nike-mobile

    Nike addressing excess inventory; Q1 Ebit falls 13 percent


    Nike, ever bullish on its digital approach, is facing an excess-inventory dilemma, contracting gross margins and persistent currency headwinds as it moves into the holiday season. The scenario emerged as the group reported a 22 percent decline in Q1 net income to $1,468 million from $1,874 million for the period ...

  • VF logo

    VF Corp. sets initiatives for brands to reach FY27 targets


    This is how VF Corp. wants to reach its growth targets for 2027 in challenging times.

  • VF_Corp_Logo

    VF Corp. maps out growth strategy, trims FY23 outlook


    EMEA plays a key role in the company’s growth strategy.

  • Nautilus
    News briefs

    Nautilus turns to financial advisory firm


    Nautilus Inc. of Vancouver has retained the financial advisory firm Evercore to review its business and, in the words of our colleagues at the American edition of SGI, “help it figure out a new way forward now that its pandemic-fueled, record sales levels have come crashing back to earth.” Troubles ...

    News briefs

    Buff projects 10% rise in annual sales


    Buff is projecting sales of €56 million for the current year, begun in April, for a 10 percent year-on-year rise, reports Modaes. This will nevertheless fall 34.1 percent short of the figure for 2020, a historic year for the Catalonian brand, when pandemic measures drove sales up by 50 percent. ...

  • Royal Padel
    News briefs

    Royal Padel thriving despite standstill in the market


    The chief executive of Royal Padel, Rafael Tarradas, has made twin declarations to CMDsport: for one thing, the European pádel market has ground to a halt; for another, sales for his own brand have taken off since September, thanks to customers from outside Spain. Barcelona-based Royal Padel enjoyed a 25 ...

  • Joma-Symbol
    News briefs

    Joma appears to have recovered from pandemic measures


    Joma is set to exceed its sales for pre-lockdown 2019 by 15 to 20 percent, according to Diffusion Sport. Production director Fortu López told the trade publication at the recent Micam trade show that “the company is meeting expectations. Indeed, we’re exceeding our goals, which were to return to our ...

  • Columbia

    International is important cog in Columbia’s growth plan


    Columbia Sportswear unveiled a three-year financial target plan last week that calls for potential double-digit growth on its profit & loss statement that will be driven by sales gains outside its home U.S. market, footwear and digital. In FY22, the company confirmed a guidance call for 10 to 12 percent ...

  • JD Sports Fashion

    JD takes cautious view on H2, encouraged by European recovery


    JD Sports Fashion reported an 11.4 percent decline in profit before exceptional items and taxes to 418.1 million pounds (€478.3m) for the first half ended July 31. Total period revenues increased by 13.7 percent to £4,418.1 million (€5.1bn) from £3,885.8 million, as total sales growth in organic retail businesses rose ...

  • KMD Logo

    KMD Brands sees sales momentum resuming


    After a challenging first half impacted by the effects of the Covid-19 pandemic, KMD Brands experienced rebounding sales in the final two quarters.

  • El Corte Inglés logo
    News briefs

    Sales up by 22% at El Corte Inglés for FY 2021


    El Corte Inglés reported at its annual shareholder meeting in July that sales for the year ended Feb. 28 had reached €12.51 billion, in a year-on-year increase of 22 percent. EBITDA reached €804 million and consolidated net profit €120 million. Marta Álvarez, the Spanish retailer’s chairwoman, attributed this “return to ...

  • 393_SMP-zumiez-logo

    Zumiez adjusting assortments as customers seek value


    Zumiez, the global specialty retailer that operates 70 Blue Tomato stores in Europe, suffered an 85 percent drop in second-quarter operating profit to $5.0 million from $32.0 million for the period ended July 30. Ebit was down by 83 percent to $5.5 million as net income came in 87 percent ...

  • lululemon-athletica-logo-vector

    Lululemon stays on strong course, no change to markdown strategy


    Lululemon’s net income rose 39 percent to $289.5 million from $208.1 million as total revenues increased by 28.8 percent to $1.87 billion from $1.45 billion. Operating income was 38 percent higher at $401.2 million versus $291.0 million. Gross margin slipped by 160 basis points to 56.5 percent from 58.1 percent, ...

  • Peloton_Logo
    News briefs

    Peloton with delayed annual report


    Peloton Interactive will need up to 15 additional days to file its 10-K report for the fiscal year ended June 30, which was due Aug. 29, according to a filing with the U.S. Securities and Exchange Commission (SEC). The reason given is that the company is still calculating the impairment ...

  • Athleta Logo
    News briefs

    Athleta experiences near-term softness on consumer shift


    Athleta, The Gap, Inc.-owned women’s active and wellness brand, generated a 1 percent increase in second-quarter sales to $344 million, with year-over-year comparable store sales declining 8 percent for the six months ended June 30. Period revenues were 37 percent higher than in Q2/2019. Despite a modest slowdown in the ...

  • Jognson Health Tech
    News briefs

    Johnson Health Tech posts H1 loss despite revenue gain


    Johnson Health Tech, the Taiwanese fitness equipment company, reported an attributable net loss of 328,254,000 Taiwanese dollars (€10.5m) against a profit of TWD 28,0002,000 for the six months ended June 30. H1 revenues for the parent of the Matrix, Horizon Fitness, Vision Fitness and Synca wellness brands rose 2.0 percent ...

  • News briefs

    Pegasus Intl. H1 footwear revenues step 36 percent higher


    Pegasus International Holdings Ltd. reported a 36 percent increase in revenues from the manufacture and sales of footwear to $2,847,000 from $2,095,000 for the six months ended June 30. Total H1 revenues increased 51 percent to $5,261,000 from $3,479,000. Ebit was $556,000 against $70,000, with gross margin coming in at ...

  • Globe Logo
    News briefs

    Globe Intl. FY net declines 44 percent


    Globe International, the Australian parent of the Globe, Salty Crew, Impala Skate, FXD Workwear and Dot Electric Skateboards, reported a 44 percent drop in annual attributable net income to 18,641,000 Australian dollars (€12.0m) for the 12 months ended June 30. Ebit fell 41 percent in the FY to A$27.5 million ...

  • Farfetch
    News briefs

    Farfetch Limited Ebit falls 29 percent in Q2


    Farfetch Limited, the Internet platform for luxury goods, realized an 18.7 percent decline in attributable profit to $70.5 million from $86.6 million for the second quarter ended June 30. Ebit was down by 29 percent to $60.4 million from $84.7 million as the operating loss widened by 11.5 percent to ...

  • Peloton_Logo

    Peloton Interactive posts $1.24 billion Q4 loss


    Peloton Interactive’s CEO Barry McCarthy, in his quarterly shareholder letter, compared the interactive fitness company to a cargo ship like one he worked on as a high schooler, but perhaps he should have considered a cruise ship comparison given the company’s needs to attract more younger, female and value-oriented customers ...