All Financial results articles

  • News briefs

    Fishing craze lifts Globeride


    Globeride , the Japanese company that owns the Daiwa brand, has benefited from the popularity of fishing in Japan, as people looked for activities that can be practiced while respecting social distancing guidelines. Its net income for the second fiscal quarter ended Sept. 30 soared by 65 percent to ...

  • News briefs

    Yonex declines in Europe and the U.S.


    Yonex , the Japanese brand of racquet and golf products, saw its revenues decline by 19 percent to ¥13,893 million (€111.8m-$130.9m) in the second fiscal quarter ended Sept. 30. Europe fell by 57 percent to ¥234 million (€1.9m-$2.2m), as many sports facilities remained closed over the pandemic. Badminton sales declined ...

  • Article

    Tradeinn thrives, partners with Klarna


    Tradeinn has signed a deal with Klarna – the online payment platform founded in Sweden and now headquartered in Ohio – to offer an installment plan (in three payments) to customers who wish to make big purchases on its websites. To promote its sales further, Tradeinn will be offering a ...

  • Article

    Expanded: Foot Locker books 7.7% higher same-store sales in Q3


    Foot Locker reported an increase in same-store sales of 7.7 percent for the third quarter, ended Oct. 31. In absolute terms, the company’s revenues grew by 9.0 percent to $2,016 million, with a 7.7 percent rise in local currencies, beating analysts’ estimates. Digital sales jumped by 52 percent, representing ...

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    Goldwin’s sales and profits dwindle


    Goldwin ’s revenues dropped by 16 percent to ¥19,358 million (€157.4m-$182.5m) in the second quarter ended Sept. 30, and the Japanese sports apparel company’s net income tumbled by 59 percent from the year-ago period to ¥915 million (€7.4m-$8.6m). The gross margin fell by 1.4 percentage points to 50.6 percent. ...

  • Article

    Sumitomo raises guidance for its sports division


    Sumitomo Rubber Industries ’ sports division bounced back from a poor second quarter, posting an operating profit of ¥1,041 million (€8.4m-$9.9m) in the third quarter, against a loss of ¥519 million (€4.2m-$4.9m) in the year-ago period. Sales in the sports division, which includes brands such as Srixon , XXIO ...

  • Article

    Vulcabras achieves good revenues for the third quarter


    After production restrictions in the spring and early summer due to the pandemic, Vulcabras resumed full operations at its factories in July, capitalizing on a robust order backlog. It managed to generate a significant sales increase year-on-year. The parent company of Olympikus, which is also the Brazilian licensee ...

  • Article

    Fila fell by 7% in Q3 without Acushnet


    The Fila Group is bouncing back after ending in the red in the second quarter, thanks to stronger demand for golf products. Its revenues rose by 5.8 percent to 917,431 million Korean won (€698.6m-$772.5m) in the third quarter. Excluding revenues from the recently-acquired Acushnet , revenues from the Fila ...

  • Article

    Losses continue for Yue Yuen


    Despite China’s resilience against the pandemic in the third quarter, Yue Yen Industrial Holdings remained in the red, following two quarters of losses. The company was strongly impacted by government measures to contain the spread of the disease at the start of the year, and although the Pou Sheng ...

  • News briefs

    Alibaba enjoys record Singles Day, but its market cap drops


    This year’s Singles Day raked in a gross merchandise volume (GMV) of 498.2 billion yuan (€63.67bn-$75.19bn) for Alibaba up sharply from the RMB 268.4 billion reported a year ago. The rival Chinese e-tailer had sales of about ¥271.5 billion (€34.71bn-$40.99bn). Lasting 11 days this year, Alibaba’s Chinese sales ...

  • Article

    Accell Group raises guidance as sales surge


    In an operational update, Accell Group said that it is raising its guidance after sales from July to October jumped by 38 percent from the year-ago period because of the post-Covid boom in the bicycle sector. Since January, the Dutch company’s revenues have progressed by 16 percent. The ...

  • Article

    Giant Group’s sales are boosted by Covid-19 situation


    The Giant Group saw its revenues increased by 14.6 percent to 19.47 billion Taiwan dollars (€578.1m-$682.8m) in the third quarter. The growth was primarily driven by the surge in the demand for bicycles and e-bikes in key markets due to the pandemic, with consumers increasingly using bikes for ...

  • Article

    Descente in the red for H1 and the black in Q2


    Descente ended the first half of its financial year on Sept. 30 with a net loss of 1,265 million yen (€10.2m-$12.0m), against a profit of ¥2,210 million for the year-ago period, as the economic impact of the pandemic hit its revenues. They declined by 34.9 percent to ¥42,897 million ...

  • Article

    Vista Outdoor’s shares soar on good results and upbeat guidance


    Vista Outdoor , which includes brands such as Bell, Giro, Camelbak, Camp Chef and Bushnell Golf , saw its stock rise by 8 percent after posting strong results for the second fiscal quarter ended Sep. 27. It also released a positive outlook for the current quarter. Sales surged ...

  • Clarus Kopie

    Bullish about Black Diamond, Clarus withdraws bond offer


    Clarus Corp. reported third-quarter sales for Black Diamond (BD) that bounced back from the second quarter, but they were still down by 8 percent compared with the third quarter of 2019. Still, the management said it remains upbeat and expects continued recovery into the fourth quarter. Overall, the ...

  • Adidas results

    Digitalization helps Adidas to recover


    The Adidas Group made a strong recovery in the third quarter, approaching a normalization of its business, thanks largely to a 51 percent boost in e-commerce, coupled with a more a selective distribution policy. Mentioning its close relations with JD Sports Fashion and Zalando as examples, down ...

  • Article

    Nautilus reaches record profits thanks to home fitness


    As numerous gyms temporarily closed due to Covid-19, Nautilus experienced strong year-over-year sales increases in the third quarter with customers shifting to home equipment. New customer acquisition was up seven times during the quarter, leading the demand for many of the company’s home fitness products to continue to outpace ...

  • Article

    Acushnet’s profits double


    The American golf company controlled by Fila Korea bounced back in the third quarter, with profits more than doubling compared with the year-ago quarter. Acushnet also witnessed a recovery in sales after lockdowns eased and demand for golf products picked up again as players returned to the golf courses. ...

  • Article

    Dorel Sports posts a 22% sales increase and record earnings


    Dorel Sports , whose brands include Cannondale , Schwinn , GT , Mongoose , Caloi and IronHorse , saw its revenues increase year-on-year by 22.1 percent to $305.6 million in the third quarter, marking the sixth consecutive quarter of revenue growth for the segment. Excluding the impact of foreign ...

  • Article

    Asics improves in Q3, but warns about second Covid wave


    Asics reported better-than-expected third-quarter sales and revised upward its forecasts for the full year, but warned that fourth-quarter sales would take a hit from the second wave of the Covid-19 pandemic. Net sales rose by 4.39 percent to 103,309 million yen (€829m-$979m) in the third quarter as more ...