All Financial Results articles – Page 26
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News briefsSales flat, profits down at Forum Sport
In its full-year 2023/24, ended Jan. 31, Forum Sport generated €121.4 million in sales, 1 percent more than the €120.2 million of FY 2022/23, according to CMDsport. Things were on the upswing until November, which was flat year-on-year and marked a reversal of fortunes for the next two months. CEO ...
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ArticleEuropean market remains strong for Under Armour
Despite some recent “cooling” with consumers in Eastern Europe and concerns over Red Sea shipping disruptions, Under Armour is pleased with the trajectory of its business in Europe. In the product area, the brand is seeing sales traction from its Meridian products for women; its Curry 11 products; and its ...
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ArticleMizuno posts strong nine-month results, lifts FY outlook
Bolstered by record revenues and net income for the nine months ended Dec. 31, Mizuno Corp. raised its annual operating profit and net income outlooks while maintaining its annual revenue forecast at 225,000 million Japanese yen (€1.41bn). The group raised its full-year operating profit by 13.6 percent to ¥16,500 million ...
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ArticleAsics eyes modest FY24 growth, but flat sales in Europe
After reporting a 59 percent gain in FY23 operating income to ¥59,215 million (€337.8m) and 17.7 percent increase in total annual revenues to ¥570,463 million (€3.55b), Asics Corp. detailed its FY24 outlook. The Japanese group, which wants to achieve a consolidated operating income ratio of approximately 12.0 percent in FY26, ...
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ArticleAlpargatas’ write-offs impact Q4 Ebitda, adjusted gross margins
Write-offs of 64 million Brazilian reais (€12.0m) in raw materials and finished goods affected Q4 adjusted Ebidta at Alpargatas. The Brazilian footwear group ramped up its capital discipline in the latter months of 2023 because of a “significant reduction” in sell-ins, itself due to high levels of inventory at retail. ...
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ArticleXXL promises Ebitda improvements amid cost-cutting
Norwegian retailer XXL ASA, in reporting weak Q4 and FY 2023 results, said it will continue to implement its “Reset & Rethink” strategy this year to deliver Ebitda improvement of 500-750 million Norwegian kroner (€43.9–65.8m) over the next 12 to 18 months. The effort will focus on a continued consolidation ...
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ArticleGoPro’s retail strategy ahead of plan despite Q4, FY losses
GoPro is increasing its retail presence and product range while ramping up its brand exposure at global sporting events, despite reporting Q4 and FY 2023 operating losses and declines in revenues. Ten months since launching a multi-year growth strategy, the group says it can count on some wins despite the ...
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News briefsGoldwin’s Q3 operating income inches up
The Japanese group Goldwin has reported a 5.5 percent increase in implied Q3 revenues to ¥43,736 million (€274.3m) from ¥41,437 million for the three months ended Dec. 31. Operating income was 0.9 percent higher year-over-year at ¥13,119 million (€82.3m) versus ¥13,004 million. Net income fell by 1.7 percent to ¥10,251 ...
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ArticleThe North Face, EMEA stronger in “challenging” VF quarter
VF Corp. may not look the same in thee future. As they report disappointing Q3 results, the company has inititated a “strategic review of its brand assets”.
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ArticleDescente’s operating profit dips despite higher sales
Higher SG&A costs related to additional brand promotions contributed to a 12 percent decline in Q3 operating income to ¥6,434 million (€40.2m) at Descente. But higher athleticwear sales offset a decline in golf apparel sales and led to a 4.6 percent gain in total revenues to ¥90,100 million (€56.3m) for ...
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ArticleDeckers raises FY guidance, sets CEO succession plan after strong results
Bolstered by strong Q3 gains in the DTC channel, Deckers Brands has reported 35 percent operating income growth, 16 percent revenue expansion on a reported basis, and a 570-basis-point increase in gross margin for the period ended Dec. 31. With the strong results, the Ugg and Hoka parent raised its ...
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ArticlePeloton Interactive disappoints despite some clear gains
Despite making some strides in Q2, Peloton Interactive did not live up to future sales expectations. The company is now forecasting a Q3 revenue range of $700 to $725 million, below average market guidance of $755.6 million and 3.2 to 6.5 percent below the year-ago quarter’s $749 million. That shortcoming ...
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ArticleAdidas eyes €500m operating profit for FY24, most Yeezy inventories won't be written off
Adidas published preliminary FY23 results and sales and operating profit guidance for FY24 yesterday. In a statement, CEO Bjørn Gulden said the outlook for FY24 is “the next building block needed to bring Adidas back to a company with a double-digit growth and 10 percent operating margin.” Markets in ...
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News briefsTradeinn hits a half-billion in annual revenues
The Spanish e-tailer Tradeinn, as Diffusion Sport reports, rounded out its full year 2023 with revenues of about €500 million, a milestone in its history and a meeting of its projection from June. The total represents an increase of 15.2 percent from the €434 million for the full-year 2022 and ...
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ArticleIntersport Germany continues to grow in 22/23
Source: Intersport Deutschland eG Alexander von Preen With sales of €3.5 billion in the 2022/2023 financial year, Intersport Germany, with over 1,400 associated doors, is building on the record sales figure of the previous year, when it exceeded the €3 billion sales mark for the first time. ...
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ArticleSport 2000 GmbH with stable development in 2023
The consolidated gross external sales of the Sport 2000 5-country network amounted to €2.95 billion in Germany in 2023. The purchasing network comprising Germany, Switzerland, Belgium, the Netherlands and Luxembourg amounted to €4.03 billion. Due to restrained order behavior and the insolvency of some sports retailers, the purchasing volume fell ...
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ArticlePuma shares decline on FY24 outlook
Shares in Puma SE declined by €4.49 to €38.49 yesterday, to their lowest level in more than five years, after the group issued a FY24 outlook below the consensus estimate and revealed preliminary FY23 results that were negatively impacted by the “extraordinary devaluation” of Argentine’s Peso in December. Nonetheless, ...
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ArticleAmer Sports looks to raise $1.8bn from IPO
Amer Sports, the parent of Arc’teryx, Salomon, Atomic, and Wilson, aims to sell 100 million shares for a listing on the New York Stock Exchange next week at an opening price of $16 to $18 per unit. The group, which will trade under the “AS” ticker, will float approximately 26 ...
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ArticleANWR Group accelerates positioning of affiliated retail networks
Volatile conditions with wars and conflicts around the world, economic uncertainties and high inflation rates weighed on consumers’ buying mood last year. This posed a particular challenge for medium-sized specialist retailers. The focus of the Germany-based ANWR Group in 2023 was on raising the profile and increasing the profitability of ...
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News briefs361 Degrees Intl. provides operational update
Year-over-year sales of 361 Degrees Intl.’s kids’ products rose by 40 percent in Q4. That growth exceeded the year-over-year sales expansion of the Chinese company’s core branded sales, which rose by 20 percent, and its e-commerce business, which increased by 30 percent for the period ended Dec. 31. As for ...
