All Financial results articles

  • Nike-mobile
    News briefs

    Nike to exit Russia for good


    According to multiple published reports, Nike, three months after suspending operations in Russia, has decided to exit the country altogether. Slated to report its fourth quarter and full fiscal year results on Monday, Nike’s planned withdrawal follows that of other U.S. firms, such as Coca-Cola, McDonald’s and Google, who have ...

  • 500px-Dongxiang_sports_logo

    China Dongxiang posts annual loss on lower revenues


    China Dongxiang lost 1,747 million yuan renminbi (€247.6m) against a profit of RMB 1,811 million for the 12 months ended March 31. Total annual revenues slipped by 2.7 percent to RMB 1,916 million (€271.6m) from RMB 1,970 million. The gross margin fell to 63.9 percent from 65.6 percent. Assets at ...

  • JD Sports Fashion

    JD Sports doubles profits but sees flat earnings this year


    U.K. retailer JD Sports Fashion has more than doubled annual profits but warns that inflationary headwinds mean that earnings could stand still in the current financial year. It has also highlighted governance issues under the regime of former chairman and chief executive Peter Cowgill, who was abruptly ousted last month. ...

  • Sport-2000-logo

    Sport 2000 to present a more united image internationally


    Sport 2000 closed the 2021 financial year with record sales of €5.3 billion, confirming its position in sports retail in the DACH region. Now the sports retail group wants to become more visible worldwide as “One Sport 2000,” as the group announced at this year’s General Assembly. “The specialty sports ...

  • Munich_sports_logo
    News briefs

    Munich posts 29% increase in annual sales, with exports growing double-digit


    Munich, the Spanish company and brand specializing in sports and fashion shoes, reached record revenues of €52.6 million in 2021, marking a 28.71 percent increase compared to the previous year. Exports jumped by 28 percent to €6 million, primarily driven by Europe. Sales in Spain, its primary market, increased by ...

  • XXL
    News briefs

    XXL braces for difficult second quarter


    Norwegian-based XXL ASA, Scandinavia´s largest sport & outdoor retailer with nearly 100 stores and international web stores, cites weakening consumer sentiment and lower current demand for sporting goods in pre-announcing expected results for its second quarter. Ebitda is forecast to decline by nearly 48 percent to a range of NOK ...

  • Pou Sheng International
    News briefs

    Pou Sheng reports sales decline in May


    Pou Sheng International, the distribution and retail subsidiary of Yue Yuen, reported a 19.1 percent constant currency, year-over-year sales decline in May to 1.53 billion yuan renminbi (€213.8m) from RMB 1.89 billion. For the five months ended May 31, Pou Sheng’s consolidated operating revenues were down 26.3 percent to RMB ...

  • 393_SMP-zumiez-logo

    Zumiez Q1 derailed by tough comparison, higher costs


    Operating profit slipped 98.6 percent to $497,000 against $34.3 million for the period ended April 30, as turnover fell 20.9 percent to $220.7 million versus $279.1 million. The retail operator of 741 doors worldwide, including 69 in Europe under the Blue Tomato banner, reported a net loss of $397,000 against ...

  • lululemonathleticalogovector_470603

    Lululemon delivers balanced, consistent growth in Q1


    Net income increased 31 percent to $189.99 million from $144.96 million for the period ended May 1, as total revenues rose 31.6 percent to $1,613.46 million from $1,226.47 million. Operating income increased 34 percent to $260.3 million, representing 16.1 percent of overall revenues versus $193.8 million or 15.8 percent of ...

  • signa-spouni-logo-cmy-color-pos-1-1

    Signa Sports United Q2 sales bolstered by acquisitions


    Signa Sports United (SSU), battling worsening consumer sentiment in Europe and persistent bike/e-bike shortages as headwinds, expanded second-quarter revenues by 47.5 percent to €269.0 million from €182.0 million. The increases were aided by including results from its recent WiggleCRC and Tennis Express acquisitions (closed on Dec. 14 and Dec. ...

  • logo-fallback

    Hummel reports record year, triples German business over last three years


    Hummel, the nearly 100-year-old Danish company, has reported its best annual results ever. Net profit reached 115 million Danish Kroner (€16.6m) in 2021 as turnover increased by DKK 511 million to DKK 1.858 billion (€249.7m). Wholesale revenues, which grew by 30 percent, remain a priority of the company that also ...

  • Daniel Mühlbach, Footway
    News briefs

    Record loss for Footway in Q1


    After the company’s profit warning in March due to supply chain problems and decreased demand, the Swedish Footway Group has now published its Q1 financial report. The Ebit result landed at -71.2 million Swedish kronor (€-6.8m), compared to a loss of SEK -12.8 million in the first quarter of the ...

  • alibaba
    News briefs

    Alibaba cracks mark of 1 billion Chinese consumers


    For the last fiscal year, Alibaba reported a record 8,317 billion yuan renminbi (€1,160 billion) in global gross merchandise value. However, revenue in the quarter ended March 31, 2022, climbed only 9 percent year-on-year to RMB 204.1 billion (€28.5 billion). This is the slowest growth ever, which the company attributes ...

  • icebug-logo
    News briefs

    Icebug stays true to promoting a sustainable lifestyle as sales and profits rise


    The Swedish footwear brand Icebug generated a 37.8 percent increase in annual net profit to 22.83 million Swedish kronor (€2.18m) for the 12 months ended Feb. 28 compared to SEK 16.6 million in the prior year. The financial year profit margin was 9.9 percent as total yearly revenues grew 38.9 ...

  • Gymshark_Logo

    Gymshark FY profit up 47 percent, readies London store


    Gymshark Group Ltd.’s net profit rose by 47 percent to £36.5 million (€41.4m) from £24.8 million for the 12 months ended July 31, 2021. Group revenues for the DTC-only brand increased by 68 percent to £401.9 million (€455.8m) from £260.7 million. Financial year operating profit slipped to 11.6 percent from ...

  • Nautilus

    Nautilus reports Q4 loss as retail re-orders drop


    Nautilus recorded an operating loss of $21.9 million against an operating profit of $39.7 million in the fourth quarter as retail re-orders were depressed. Gross margin slid to 17.5 percent from 38.3 percent, a factor that the company blamed on higher product costs, logistics, increased discounting, and additional investments in ...

  • foot-locker_416x416

    Foot Locker sees FY sales at top end of estimates as Q1 hit estimates


    The U.S. retail chain Foot Locker said it now expects full-year sales to be at the high end of guidance after better than expected first-quarter results. Comparable store sales fell 1.9 percent in the first quarter to April 30, better than the 3.5 percent decline expected by analysts. The company ...

  • VF_Corp_Logo

    VF Corp going strong despite slowdown in Q4 sales due to China lockdowns


    VF Corp reported a revenue increase of 9 percent to $2.8 billion (€2.65bn) in the fourth quarter of 2022, driven by The North Face (TNF), although sales at Vans were flat during the period. Sales were boosted by a 15 percent increase in the EMEA region and 12 percent in ...

  • Deckers

    Deckers’ revenues top $3 billion for first time, Hoka set to surpass $1 billion


    Net income rose 106 percent to $68,819,000 from $33,458,000 for the three months ended March 31 as total revenues grew 31 percent to $736.0 million from $561.2 million. Operating income rose to 11.0 percent from 10.1 percent. Deckers Brands’ gross margin declined to 48.7 percent from 53.2 percent, largely on ...

  • Woolrich new logo
    News briefs

    Woolrich posts 22% sales increase


    Woolrich achieved a 22 percent sales increase in 2021 compared to the previous year. The sales growth was primarily attributed to its new business mix, based on a renewed focus on directly operated retail via both the brick-and-mortar and online channels. Stefano Saccone, who joined Woolrich as CEO in 2019 ...