All Financial Results articles – Page 25
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News briefsFootasylum’s annual sales and profits surge
British retailer Footasylum saw its sales and profits for the year to Jan. 27, 2024 surge, driven by store openings and the implementation of an omnichannel point-of-sale system. The retailer opened a 1,850-sqm flagship in London’s Oxford Street in September, among other openings. Revenues in the year rose by 7 ...
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ArticleMoncler Group’s FY23 Ebit increases by 15 percent
In its 10th year as a public company, Moncler Group, the Milan-based luxury group generated 15 percent Ebit growth to €893.8 million from €774.5 million on a 15 percent consolidated revenue increase to €2.98 billion from €2.6 billion.
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ArticlePuma expects business headwinds to persist in H1 of 2024
Puma, citing ongoing geopolitical and macroeconomic headwinds and currency fluctuations to continue for at least H1 of 2024, is forecasting mid-single-digit, currency-adjusted sales growth this year and a corresponding operating profit of €620 million to €700 million this year. The predicted Ebit range represents flat to 12.7 percent year-over-year growth ...
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ArticleGildan results benefit from higher customer replenishment
Canadian sportswear firm Gildan Activewear generated an 8.1 percent increase in Q4 activewear sales to $644.0 million, fueled by higher volumes at point-of-sale and stronger year-over-year customer replenishment. There was a strong sales performance from the fleece and ring-spun T-shirt segments. Overall final period results, including sales of underwear ...
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News briefsNew Balance’s European sales grew by 35 percent in 2023
Overall, the privately held Boston company New Balance grew annual revenues by 23 percent last year to reach $6.5 billion worldwide, according to Joe Preston, President and CEO, fueled by double-digit growth and market share gains across every global market. Additionally, the group, which presently counts 350 contracted athletes and ...
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ArticleIIC reports another successful year
Intersport International (IIC) closed 2023 with retail sales totaling €13.7 billion. This matched the previous year’s record result despite a very challenging business environment. At the end of the calendar year, the Switzerland-based group had a network of 5,381 stores worldwide, an increase of 72 stores compared to the previous ...
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ArticleGlobe spinning in right direction with shift in focus
Globe Intl., bolstered by a shift in key product focus to footwear and apparel, generated improved H1 results that included stronger profitability and cash flow from operations for the six months ended Dec. 31. The Aussie group reported a net profit of A$4.9 million (€3.0m) against a loss of A$0.2 ...
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ArticleGymshark’s annual profit drops despite higher sales
UK-based sportswear company Gymshark, which closed its regional sourcing offices in Hong Kong and Mauritius and restructured its North American team last FY, suffered a 32 percent decline in annual operating profit to £20,087,000 (€23.5m) for the 12 months ended July 31, 2023. Net profit, impacted by a 320 percent ...
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News briefsBowflex may be on the brink
Bowflex, the publicly traded fitness company, which rebranded itself from Nautilus, is facing liquidity issues that may lead to a bankruptcy filing or an outright sale of the Seattle-based business. In a public filing yesterday, the company cited both deteriorating macroeconomic concerns and a decline in customer demand, challenging its ...
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ArticleWolverine makes progress on turnaround but more bumps likely
Wolverine Worldwide’s CEO leads turnaround, aiming for $140M profit gains in 2024. Despite Q4 losses, strides made in inventory and debt.
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News briefsStellar 2023 at 360 Padel Group
360 Padel Group’s revenue for 2023 rose 20 percent year-on-year to exceed €60 million, according to TradeSport. The company’s Pádel Nuestro retail division saw B2C sales rise 22 percent, with own stores doubling their sales. B2B sales rose by 12 percent. Sales at the pádel brand Siux (ProPadel Group), with ...
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ArticleKMD Brands sees soft H1 group sales
All three of KMD’s brands – Rip Curl, Kathmandu and Oboz – suffered a year-over-year sales decline in the first half that ended Jan. 31, with their aggregate revenues projected to be down by 14.5 percent to 469 million New Zealand dollars (€267.3m). Amid ongoing weakness in consumer sentiment during ...
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ArticleSales at AFP up 8%, though short of expectations
All for Padel (AFP) – the racquet company within AFP Group, which holds the Adidas license to design, manufacture and commercialize pádel racquets, accessories and courts – had been hoping to generate €34 million in sales for 2023. However, this target was revised down to €31 million in September, and ...
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News briefsNew Wave nets 5% gain in FY23 operating profit
Annual operating profit for Swedish New Wave Group, whose business operates in three segments, increased by 5 percent to 1,577.2 million Swedish kroner (€140.4m) for the 12 months ended Dec. 31 as total revenues inched up by 2 percent to SEK 3,874.6 million (€344.9m) from SEK 3,782.3 million. In Q4, ...
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ArticleCrocs brand kicks off 2024 with momentum, $5 billion sales target not until later
The Crocs brand has started 2024 “with momentum” after sales in 2023 jumped by 14 percent to $3.0 billion, but management now expects it will take a bit longer to reach a $5.0 billion 2026 sales target unveiled in 2021. “I don’t think it’s realistic to achieve the $5 billion ...
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ArticleHanesBrands plots next moves for Champion business
Stephen Bratspies, CEO of HanesBrands, hinted about strategic alternatives for the company’s flagging Champion business but offered few specifics when speaking to analysts during the apparel company’s year-end conference call. “[…] the process is progressing as expected,” Bratspies commented, adding, “We continue to evaluate the right path forward as ...
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News briefsSportChek comparable sales fall in Q4, FY
SportChek, the Canadian Tire-owned retail chain, which ended 2023 with 371 stores, suffered a 6.4 percent decline in comparable store sales in the final period, because of lower sales of outerwear, skis and snowboards. Its total sales declined by 13.5 percent in Q4 to C$552.2 million (€380.1m) from C$637.9 million. ...
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News briefsDunlop Sports’ operating profit increases by 40% in FY23
Sumitomo Rubber’s sports division generated a 40 percent gain in annual operating income to ¥12,482 million (€77.4m) from ¥8.943 million for the 12 months ended Dec. 31. Annual sales rose by 8.6 percent to ¥126,647 million (€785.0m) from ¥116,597 million, bolstered by golf gains in North America and South Korea ...
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ArticleTopgolf Callaway forecasts higher revenue, Ebitda and cash flow in 2024
Topgolf Callaway, which is working on several synergistic strategies to connect and grow its various businesses, is forecasting modest cash flow growth this year before it ramps up between 2025 and 2028 and bolsters earnings per share expansion starting next year. Despite currency headwinds and a difficult year-over-year comparison for ...
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News briefsBrooks reports 5% sales growth and a record number of units sold
Brooks Running finished 2023 with revenue growth of $1.2 billion, representing a 5 percent increase year-over-year and a record of more than 20 million units sold. Since 2018, Brooks’ compound annual growth rate (CAGR) exceeded 14 percent. In North America, the brand reached $1 billion in revenues in for the ...
