Financial insights for the sporting goods industry – Page 5

  • crocs
    Article

    Crocs taking steps to reset Heydude business

    2023-11-03T06:17:00Z

    There will be some immediate pain, largely negative wholesale growth in Q4, as Crocs takes additional steps to shore up the fortunes of its Heydude business. Those efforts are focused on distribution clean-up, greater segmentation by distribution channel coupled with stronger control of digital pricing, and the ...

  • Peloton Logo on black
    Article

    Peloton Interactive aims to spin in right direction, but share price dips

    2023-11-02T15:37:00Z

    After reporting solid Q1 results at or above expectations, Peloton Interactive has set its sights on revenue growth acceleration and substantial positive free cash flow in H2, bolstered by the anticipated relaunch of its Tread+ treadmill, continued expansion of its bike rental program and higher sales contribution from international markets. ...

  • Zalando_logo.svgz
    Article

    Zalando turns nine-month net profit

    2023-11-02T15:16:00Z

    Berlin-based e-tailer Zalando reports a net profit of €10 million against a €82.7 million loss in the year-ago period. The group described the first nine months of its financial year as “characterized by the normalization of e-commerce penetration, ongoing pressure on consumers’ disposable income, and a delayed fall/winter season start ...

  • Canada Goose
    Article

    Canada Goose lowers FY24 outlook, increases reliance on DTC

    2023-11-02T15:16:00Z

    Citing an increasingly challenged global macroeconomic environment and a slowing business in September, Canada Goose has lowered its FY24 total revenue outlook by 7 to 14 percent. Total annual sales are now pegged at CA$1.2 billion to CA$1.4 billion (€819m to €956m). The adjusted guidance assumes direct-to-consumer will represent about ...

  • garmin
    Article

    Garmin with strong Q3 results

    2023-11-02T07:29:00Z

    Bolstered by double-digit percentage growth in revenue, operating income and net income and record Q3 sales in four of five segments, Garmin reported a 12.9 percent increase in operating income to $270.4 million for the period ended Sept. 30 as net income came in 22.0 percent higher at $257.2 million ...

  • Brooks_Sports_201x_logo-2
    News briefs

    Brooks Running global sales up 5% year-to-date, holds top spot in US run channel

    2023-11-01T19:01:00Z

    Brooks Running’s year-to-date global revenues are up 5 percent and 7 percent higher year-over-year in the US as the Seattle-based company has reached new runners, recovered from Covid-19-related supply chain disruptions, and normalized inventory levels. Year-to-date sales for the brand in France and the UK combined are up 22 percent, ...

  • vulcabras-logo
    Article

    Vulcabras’ sales rise by double-digits for 13th consecutive quarter

    2023-11-01T15:00:00Z

    Despite a challenging retail environment and some unfavorable macroeconomic circumstances, the Brazilian Vulcabras group generated record quarterly sales, Ebitda, and gross margin for the period ended Sept. 30. Revenues rose by 10.2 percent to 731.4 million Brazilian reais (€136.7m) as Ebit improved by 42 percent to R$149.1 million (€27.9m). E-commerce ...

  • VF_Logo_Vert_FullColor_NoReg_CMYK-medium
    Article

    VF Corp. abandons guidance, commences turnaround plan led by former Vans President

    2023-10-31T10:05:00Z

    Admitting its US business “isn’t working well” and its cost structure is too high, VF Corp. reported its Q2 results with a comprehensive plan to turn around its flagging businesses under CEO Bracken Darrell, who joined the group in late July. Key elements of the strategy focus on fixing its ...

  • XXL-logo
    Article

    XXL misses target in Q3: “Neither proud nor satisfied”

    2023-10-30T08:18:00Z

    Source: XXL Freddy Sobin CEO Freddy Sobin, in office since May 2023, began the presentation of XXL ASA’s Q3 financial report by saying, “We are neither proud nor satisfied with the results.” The retail company’s sales fell 10.2 percent in the third quarter. At the same time, ...

  • Deckers
    Article

    Deckers raises full-year guidance again on continued strength from Hoka, Ugg gains

    2023-10-28T07:47:00Z

    Bolstered by sales contribution from its Ugg brand and continued momentum in its Hoka business, Deckers Brands generated a 76 percent increase in Q2 operating income to $224.6 million on nearly 25 percent total net sales growth to $1.09 billion for the three months ended Sept. 30. Net income was ...

  • Skechers_SKX_BLK-logo
    Article

    Skechers raises full-year earnings guidance as DTC continues to bolster Q3 sales gains

    2023-10-27T18:49:00Z

    Skechers once again raised its earnings guidance for the full year after reporting better-than-expected results in the third quarter and despite continued uncertainty about the macroeconomic environment and consumer spending. Sales in the three months ended Sept. 30 reached a record $2,025.0 million, up by 7.8 percent compared to the ...

  • 1200px-Moncler_logo.svgz
    Article

    Moncler Group’s revenues rise 7 percent in Q3

    2023-10-27T05:58:00Z

    Moncler Group’s consolidated nine-month revenues rose by 17 percent in constant currency to €1,806.3 million from €1,556.6 million for the period ended Sept. 30. Moncler brand revenues increased by 21 percent in constant currency to €1,496.3 million, driven by ongoing strong growth in the direct-to-consumer channel that increased 18 percent ...

  • Li-Ning_logo.svgz
    News briefs

    Li Ning updates Q3 results

    2023-10-27T05:57:00Z

    Retail sell-throughs for Li Ning, excluding the group’s Li-Ning Young business, increased by mid-single-digits year-over-year in Q3. Retail/wholesale (offline channel) sales rose by high single digits; direct sales improved by the “low twenties,” wholesale franchised distributor sales inched up by a low single digit, and e-commerce sales slipped by a ...

  • polygiene_logo_general_formindfulliving_horisontal_rgb_pos_670869
    News briefs

    Polygiene reports Q3 operating loss on lower sales

    2023-10-26T15:46:00Z

    Despite a 30 percent decline in third-quarter revenues to 28.7 million Swedish kroner (€2.4m) and a corresponding operating loss of SEK 2.4 million, Polygiene is optimistic about Q4 results as early orders have exceeded expectations. The group, which said Q3 results showed signs of a slow recovery, has shifted its ...

  • super-retail-group
    Article

    Super Retail Group updates year-to-date sales

    2023-10-26T07:18:00Z

    Super Retail Group, the Australian parent of Rebel Sport, BCF and MacPac, reported a group sales increase of 4 percent for the first 16 weeks of FY24 that began Aug. 1, and a year-over-year comparable sales increase of 2 percent against 20 percent growth in the same FY23 period. Online ...

  • PUMA_Logo_Standard-No1
    Article

    Puma maintains FY outlook as Q3 gross margin improves

    2023-10-25T10:24:00Z

    Citing a significantly improved aged inventory issue in Greater China but also ongoing weakness in the U.S. market, Puma reported a second consecutive period of 6 percent currency-adjusted growth to €2.31 billion in the third quarter. Wholesale revenues rose by 3.1 percent currency-adjusted to €1.79 billion, and direct-to-consumer sales increased ...

  • Topsports Logo
    News briefs

    Topsports Intl. turns higher sales, profits in H1

    2023-10-20T09:36:00Z

    Chinese sportswear retailer Topsports Intl., which works with 14 leading sports brands including Nike and Adidas, reported a 16.7 percent increase in H1 profit attributable to shareholders to 1,337.20 million yuan renminbi (€173.0m) for the six months ended Aug. 31. Six-month operating profit improved by 9.2 percent to RMB 1,725.9 ...

  • adidas logo mountain
    News briefs

    Adidas raises FY guidance on stronger core, Yeezy sales in Q3

    2023-10-18T02:15:00Z

    In releasing preliminary Q3 results, Adidas updated its full-year guidance. The company – citing the impact of Yeezy sales efforts in Q2 and Q3; €200 million in one-time costs related to a strategic review; and a potential write-off of €300 million for remaining Yeezy merchandise that represents a 25 percent ...

  • Logo 361
    News briefs

    361° retail sales rise 30 percent in Q3

    2023-10-17T06:08:00Z

    The Chinese company 361 Degrees Intl., which launched its Soaring Clouds skateboarding shoes during the period, reported a 15 percent increase in 361° core branded products and 25 to 30 percent sales growth for 361° kids’ products during the quarter ended Sept. 30. Overall, 361° e-commerce sales improved by 30 ...

  • Xtep_company_logo
    News briefs

    Xtep Intl. releases Q3 update

    2023-10-17T06:07:00Z

    Retail sell-through for the Chinese company’s core Xtep brand, including online and in-store sales, rose by high teens year over year. Meanwhile, the company said there was a 25 to 30 percent discount level during the three months ended Sept. 30 with an inventory turnover level of 4.5 to 5.0 ...