All Financial Results articles – Page 71
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Article
Home fitness momentum boosts Nautilus' results strongly
Nautilus, which is changing its financial year-end from Dec. 31 to March 31, reported a massive increase in net income to $20.4 million for the three months ended in March from just $2.2 million in the year-ago period, as revenues more than doubled to $206.1 million from $93.7 million. The ...
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Article
Callaway Golf’s sales soar amid Covid recovery
Callaway Golf Co. saw revenues in the first quarter soar by 47.3 percent as compared to the year earlier to $651.6 million, amid “unprecedented” demand for its golf equipment and a faster-than-expected recovery from the Covid-19 pandemic for Jack Wolfskin and the rest of its s oftgoods businesses and the ...
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ArticlePolygiene eyes China while sales soar by 141%
Polygiene, the Swedish-based provider of antimicrobial solutions, saw sales jump by 141.4 percent to 42.0 million Swedish kronor (€4.2m-$5.1m) in the first quarter of 2021, boosted by continued demand for its ViralOff antimicrobial treatment during the Covid-19 pandemic and the addition of Addmaster Holdings, a global supplier of antibacterial additives ...
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News briefsBike boom pushes Q1 sales at Dorel
Dorel Industries said revenues at its sports segment increased for the eighth consecutive quarter in the three months ended March 31, rising by 43.6 percent in reported U.S. dollars to $270 million, and by 41.5 percent in local currencies, driven by the growing global demand for bikes. The second quarter ...
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ArticleLockdown living drives demand for Johnson Outdoors in Q2
Continued demand for outdoor recreation products from people stuck indoors during the Covid pandemic helped Johnson Outdoors to report a surge in second-quarter sales and profits. Total sales rose by 26 percent year-on-year for the period ended on April 2, reaching a level $206.2 million. The group’s gross margin dipped ...
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Article
Acushnet tees off new year with sales surge in Q1
Acushnet Holdings reported a 42 percent jump in first-quarter revenues, boosted by strong demand for its Titleist and FootJoy products as golfers returned to the fairways after Covid lockdowns. Kjus, too, enjoyed some growth in the quarter as gains in golf and lifestyle offset a decline in skiwear. In the ...
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Article
High-end cameras and subscriptions pull up GoPro
GoPro said its revenues surged by 71 percent to $204 million in the first quarter to March 31 on the back of increasing demand for its higher-end cameras and a rise in customers’ subscriptions. The company reported a net loss of $10.2 million for the period, down sharply from a ...
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Article
Peloton reports 141% higher sales, sees a $165m hit from product recall
Just after announcing a recall of its connected home treadmills, Peloton Interactive reported better-than-expected sales and a smaller net loss for the third quarter ended March 31 as the demand for its stationary bikes, which represent the bulk of its business, remained strong and the company was successful in speeding ...
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News briefs
Superdry resumes revenue growth
Superdry saw revenues inch up by 0.8 percent to £118.4 million (€136.2m-$164.2m) in the fourth quarter ended April 24, after being severely hit by Covid-19 pandemic restrictions and lockdowns earlier in the financial year. “The early signs following the reopening of our UK stores are encouraging, as lockdown restrictions start ...
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ArticleUnder Armour raises FY guidance after a 35% sales hike in Q1
Under Armour raised its full-year guidance for sales and profits after reporting better-than-expected results in the first quarter, as its business continues to rebound from Covid-19 shutdowns and a restructuring plan launched last year is bearing fruits. The brand said it now anticipates that its revenues will rise in 2020 ...
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ArticleColumbia raises guidance after a good Q1
Columbia Sportswear performed better than expected in the first quarter, despite port congestion problems in North America. Net income reached $55.9 million, jumping from $213,000 in the year-ago quarter, when the pandemic first hit the company. Revenues gained 10 percent to $625.6 million, including a 20 percent rise in DTC ...
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News briefs
Mips grows by 55% in the sport segment
The ongoing bike boom helped Mips to raise its total sales by 48 percent to 83 million Swedish kronor (€8.17m-$9.90m) in the first quarter of 2021. The growth was driven by a 55 percent increase to SEK 78 million (€7.71m-$9.31m) in its dominant Sport segment, where the number of clients ...
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News briefs
Polygiene posts double-digit revenue growth, led by ViralOff
Polygiene, the Swedish-based provider of antimicrobial treatments, posted revenues of 83.9 million Swedish kronor (€8.3m-$10.1m) in 2020, an increase of 22 percent as compared to 2019. In connection with the start of the Covid-19 pandemic, the company launched its ViralOff antiviral technology in April, followed by an upgraded formula with ...
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News briefs
Yue Yuen turned around in Q1
Yue Yuen Industrial says it estimates that it made a net profit of between $80 million and $90 million in the first quarter, against last year’s pandemic-triggered loss of $56 million for the period. The world’s largest shoe producer says it has enhanced the utilization and efficiency of its manufacturing ...
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Article
Fitness and Outdoor raise Garmin’s results
The current popularity of cycling and home fitness has proven to be an engine of growth for Garmin, which posted another strong quarter. The Swiss-based company, which also makes equipment for the aviation and automotive industries, reported a 25 percent sales gain to $1,072.3 million for the three months to ...
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ArticleStrong start of the year for Puma
After bouncing back in the second half of 2020, Puma accelerated further in the first quarter of 2021, with revenues surging by 25.8 percent in constant currencies to €1,548.8 million, generating an increase in the gross margin of 0.9 percentage points to 48.5 percent and a big jump in net ...
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Article
Crocs ups guidance after rising by over 60% in Q1
Raising its guidance for the full financial year after a very strong first quarter, Crocs predicted that its revenues will grow by between 40 and 50 percent in 2021 from last year’s level of $1,386 million, up from its previous forecast of 20-25 percent growth. Posting the third consecutive quarterly ...
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Article
New Wave swings to Q1 profit on cost controls
Sweden’s New Wave Group swung to a record first-quarter operating profit, driven by lower costs, despite a sales decline during the period. The operating profit for the three months to March 31 came in at 100 million Swedish kronor (€9.9m-$12m) compared with a loss of SEK 24.1m (€2.4m-$2.8m) a year ...
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ArticleShimano’s revenues rise by 64.4%
Both the bicycle components and fishing tackle divisions of Shimano benefited from the Covid-19 crisis in the first quarter of 2021. Overall, Shimano’s quarterly sales – as compared to the first three months of last year – grew 64.4 percent to 126.43 billion yen (€961.6m-$1.2bn). The gross margin rose by ...
