All Financial results articles

  • News briefs

    Casall grows by 21%

    2021-11-30T17:31:00Z

    Casall Sport, the Swedish supplier of fitness clothing and equipment, grew by 21 percent in the past financial year, leading to a fivefold increase in profits, according to Sportfack. In June 2020, when Hanna Hedlund became the company’s CEO, Casall had reported an operating profit of 2.24 million Swedish kronor ...

  • News briefs

    Boosted by Covid, SportsShoes.com reports big gains in its last FY

    2021-11-23T18:03:00Z

    Sales grew by 37 percent to £92.2 million (€109.9m-$123.7m) at SportsShoes.com during the financial year ended Feb. 28, 2021, leading to an increase of 118 percent in Ebitda to £12.2 million (€14.5m-$16.4m), but they have flattened lately, indicating that the Covid-19 epidemic was a boosting factor last year. The company, ...

  • Article

    Foot Locker grew by 3.9% in Q3

    2021-11-19T18:19:00Z

    Foot Locker reported net income of $158 million for the 13-week period ended Oct. 30, after extraordinary charges of $57 million. Excluding one-time items, the adjusted net income increased by 57 percent to $201 million. The net results compare with $265 million in the year-ago period and $125 million in ...

  • Article

    China’s Topsports improves margins on slightly lower sales

    2021-11-19T16:35:00Z

    Topsports International Holdings, the leading Chinese sports distributor and retailer spun off by Belle International in 2019, reported a decline of 1.2 percent in total revenues to 15.57 billion renmimbi (€2,128m-$2,407m) for the first half of its financial year, ended Aug. 31. The gross margin improved by 2.9 percentage points ...

  • Article

    Alibaba cuts guidance after a Q2 profit and sales miss

    2021-11-19T16:26:00Z

    The Alibaba Group cut its guidance for its full financial year after revenues and earnings came in below expectations in its second quarter ended Sept. 30, amid a slowdown in economic growth in China and an ongoing regulatory crackdown on tech companies in the country. Alibaba now expects revenues to ...

  • Article

    Yonex raises guidance as Q2 sales grow by 34%, driven by China

    2021-11-18T19:05:00Z

    Yonex enjoyed a sales increase of 34 percent to 16.6 billion yen (€143.2m-$169.1m) in its second quarter, ended Sept. 30, leading the Japanese company to nearly double its net income to ¥2,396 million (€18.4m-$21.8m). The gross margin expanded by 3.5 percentage points to 46.7 percent. Sales grew in Japan by ...

  • Article

    Golf shines at Alpen and Xebio in Japan amid the pandemic

    2021-11-18T16:21:00Z

    The recent measures taken by the Japanese government from July tthrough September to combat the Covid-19 pandemic, which shut down team and indoor sports and reduced store traffic, had an impact on the latest quarterly results of two major Japanese sports retailers. Golf was an exception, and winter sporting goods ...

  • News briefs

    Goldwin improves quarterly results

    2021-11-17T17:24:00Z

    Goldwin has reported a 53 percent increase in net income to 1,397 million yen (€10.8m-$12.7m) for its second quarter ended Sept. 30 as its revenues for the period went up by 9 percent to 21.13 billion (€163.7m-$192.0m). In addition to its own brand, the Japanese group owns the distribution of ...

  • Article

    Softer home fitness demand drives Beachbody into a loss

    2021-11-16T17:57:00Z

    In its first financial report since going public, The Beachbody Company said it suffered a 17 percent decline in revenues to $208.1 million for the third quarter ended Sept. 30 because of a drop of 5 percent in online revenues to $94.1 million and a 29 percent decrease in Nutrition ...

  • News briefs

    While rising strongly in the Americas and Europe, Globeride is flat in Japan

    2021-11-16T17:57:00Z

    For its second quarter ended Sept. 30, Globeride, the Japanese parent of the Daiwa brand of golf and fishing products, reported a 28 percent increase in net income to 2,621 million yen (€20.1m-$23.8m) on 12 percent higher revenues of ¥31.69 billion (€240m-$288m). Sales were affected by Covid restrictions in Japan, ...

  • On Running
    Article

    On sees growth slowing down from 68% in Q3

    2021-11-16T17:57:00Z

    In its first quarterly report since its successful IPO in September, On Holding reported a sales increase of 67.6 percent to 218.0 million Swiss francs (€206.9m-$234.5m) in the third quarter ended Sept. 30, leading to a growth of 77 percent for the first nine months of 2021. The gross margin ...

  • Fila
    Article

    Fila's Q3 revenues inch up thanks to Acushnet, Europe is down

    2021-11-16T17:57:00Z

    Fila Holdings saw group revenues in the third quarter ended Sept. 30 inch up by 1.1 percent to 927,065 million Korean won (€689.4m-$784.1m). However, the Fila brand’s revenues declined by 6.1 percent to KRW 321,194 million (€238.9m-$271.6m) without accounting for the previously reported strong contribution from Acushnet, the golf company ...

  • News briefs

    Growth slows for Alibaba’s Singles’ Day

    2021-11-12T18:10:00Z

    Alibaba has logged another record-breaking Singles’ Day, but the year-on-year growth of its sales in gross merchandise volume (GMV) is on the decline. This year’s 11.11 Global Shopping Festival, spread over 11 days, brought in about €74 billion in GMV, for an increase of 8.5 percent. This is the first ...

  • Yue Yuen
    Article

    Yue Yuen’s growth stopped in Q3

    2021-11-12T18:08:00Z

    The disruption of the supply chain and the geopolitical situation in China have seriously started to affect Yue Yuen in both of its business segments. Its latest financial update for the month of October showed a year-on-year sales decrease of 21 percent, including drops of 18 percent in manufacturing and ...

  • News briefs

    Big gains at Dunlop Sports

    2021-11-11T17:57:00Z

    Sumitomo Rubber’s sports business continued to improve in the third quarter, generating a 58 percent boost in operating income to 1,646 million yen (€12.6m-$15.0m) on 24 percent higher revenues of ¥24.7 billion (€188.7m-$224.0m). Dunlop Sports’ sales of golf equipment went up in all major markets, driven by higher participation numbers, ...

  • Article

    Wolverine breaks even as Q3 sales are clipped by supply chain issues

    2021-11-11T17:19:00Z

    Wolverine Worldwide saw revenues in the third quarter rise by 29.1 percent to $636.7 million compared with the prior year, boosted by incremental revenues of $39.1 million from the recent acquisition of Sweaty Betty, which saw pro forma sales growth of over 50 percent in the quarter, and the strong ...

  • Article

    Mizuno license helps lift Vulcabras’ sales

    2021-11-11T17:10:00Z

    A relaxation of anti-Covid measures in Brazil and the addition of Mizuno’s license for the country, which was effectively transferred from Alpargatas to Vulcabras on June 30, helped to boost the latter’s revenues by 40.0 percent to a record 535.9 million Brazilian reais (€86.5m-$99.1m) in the third quarter as compared ...

  • Article

    Golf and running lift Mizuno

    2021-11-11T16:25:00Z

    Strong sales of golf and running products, especially in the Americas and EMEA, helped Mizuno to boost its total revenues for the second quarter and the first half ended Sept. 30, despite a drop in its home market of Japan during the latest few months. The company’s revenues went up ...

  • Article

    New Balance projects 30% growth

    2021-11-11T16:25:00Z

    New Balance is projecting a 30 percent increase in its sales to $4.5 billion in 2021, with growth of at least 25 percent in each geography. That would compare with revenues of $4 billion in 2019 and $3.4 billion in 2020. Addressing a conference by the U.S. Sports & Fitness ...

  • Adidas_Logo.svg
    Article

    Adidas strikes a cautious note after a 3.4% sales hike in Q3

    2021-11-10T18:07:00Z

    Adidas toned down its expectations for full-year sales and earnings as the company’s growth slowed in the third quarter due to supply chain disruptions, Covid-related lockdowns in Asia-Pacific and a “challenging” market environment in Greater China. In the quarter, Adidas saw its sales edge up by just 3.4 percent to ...