All Financial Results articles – Page 76
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News briefsNice Footwear is in negotiations with other brands
Nice Footwear, an Italian company specialzing in sneakers, has reported orders for more than €12 million for the spring/summer season and expects to finish the full financial year, ending on April 30, 2021, with sales of more than €20 million in spite of the Covid-19 pandemic. In the last financial ...
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ArticleDigital, China and EMEA help Nike to grow strongly
The Nike group reported good results for its second fiscal quarter ended on Nov. 30, boosted by sharply higher online sales and double-digit growth in the EMEA region and China. On a constant-currency basis, the Nike brand’s sales rose by 8 percent to reach a level of $10,700 million, driven ...
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Article
Lululemon’s profits return to double-digit growth
The yoga apparel specialist saw its net income progress by 14 percent in the third quarter to $143.6 million, rebounding from a 31 percent dip suffered in the second one, in spite of extra expenditures of $8.5 million related to the $500 million acquisition of Mirror. The gross margin rose ...
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Article
Frasers Group raises guidance as stores reopen
After what the Frasers Group called its most challenging year in its history - due to Brexit, a Belgian tax investigation and Covid-19 - the parent company of Sports Direct and many other retail chains posted a 29 percent rise in earnings for the first half of its fiscal year ...
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Article
Kingmaker’s profits are back in the black
Kingmaker, a major Chinese manufacturer of athletic and casual footwear, posted a net income of 65.5 million Hong Kong dollars (€7.0-$8.5m) for its first fiscal half-year ended on Sept. 30, compared with a loss of HK$32.3 million last year, helped by gains from its property investments that more than offset ...
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News briefs
StockX booms over Cyber Weekend
This year StockX enjoyed its best Cyber Weekend ever. The daily gross merchandise value (GMV) for the period averaged a growth of 100 percent year-on-year. Black Friday’s rate of one trade per second rose at times in the subsequent days to as much as three per second. The website received ...
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Article
China Dongxiang sees profits surge due to Japan sale
The sale of the Japanese Kappa trademark lifted China Dongxiang’s profits for the six-month period ended in Sept. 2020, which rose to 1,116 million yuan renminbi (€140.6m-$170.0m), up from RMB 188 million for the year-ago period. On the other hand, the company’s gross margin contracted by 5.3 percentage points to ...
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News briefs
Fishing craze lifts Globeride
Globeride, the Japanese company that owns the Daiwa brand, has benefited from the popularity of fishing in Japan, as people looked for activities that can be practiced while respecting social distancing guidelines. Its net income for the second fiscal quarter ended Sept. 30 soared by 65 percent to ¥2,051 million ...
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News briefs
Yonex declines in Europe and the U.S.
Yonex, the Japanese brand of racquet and golf products, saw its revenues decline by 19 percent to ¥13,893 million (€111.8m-$130.9m) in the second fiscal quarter ended Sept. 30. Europe fell by 57 percent to ¥234 million (€1.9m-$2.2m), as many sports facilities remained closed over the pandemic. Badminton sales declined across ...
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Article
Tradeinn thrives, partners with Klarna
Tradeinn has signed a deal with Klarna – the online payment platform founded in Sweden and now headquartered in Ohio – to offer an installment plan (in three payments) to customers who wish to make big purchases on its websites. To promote its sales further, Tradeinn will be offering a ...
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Expanded: Foot Locker books 7.7% higher same-store sales in Q3
Foot Locker reported an increase in same-store sales of 7.7 percent for the third quarter, ended Oct. 31. In absolute terms, the company’s revenues grew by 9.0 percent to $2,016 million, with a 7.7 percent rise in local currencies, beating analysts’ estimates. Digital sales jumped by 52 percent, representing 21.4 ...
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ArticleGoldwin’s sales and profits dwindle
Goldwin’s revenues dropped by 16 percent to ¥19,358 million (€157.4m-$182.5m) in the second quarter ended Sept. 30, and the Japanese sports apparel company’s net income tumbled by 59 percent from the year-ago period to ¥915 million (€7.4m-$8.6m). The gross margin fell by 1.4 percentage points to 50.6 percent. Golwin spoke ...
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Article
Sumitomo raises guidance for its sports division
Sumitomo Rubber Industries’ sports division bounced back from a poor second quarter, posting an operating profit of ¥1,041 million (€8.4m-$9.9m) in the third quarter, against a loss of ¥519 million (€4.2m-$4.9m) in the year-ago period. Sales in the sports division, which includes brands such as Srixon, XXIO, St. James and ...
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Vulcabras achieves good revenues for the third quarter
After production restrictions in the spring and early summer due to the pandemic, Vulcabras resumed full operations at its factories in July, capitalizing on a robust order backlog. It managed to generate a significant sales increase year-on-year. The parent company of Olympikus, which is also the Brazilian licensee for Under ...
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Article
Fila fell by 7% in Q3 without Acushnet
The Fila Group is bouncing back after ending in the red in the second quarter, thanks to stronger demand for golf products. Its revenues rose by 5.8 percent to 917,431 million Korean won (€698.6m-$772.5m) in the third quarter. Excluding revenues from the recently-acquired Acushnet, revenues from the Fila brand went ...
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Article
Losses continue for Yue Yuen
Despite China’s resilience against the pandemic in the third quarter, Yue Yen Industrial Holdings remained in the red, following two quarters of losses. The company was strongly impacted by government measures to contain the spread of the disease at the start of the year, and although the Pou Sheng Chinese ...
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News briefs
Alibaba enjoys record Singles Day, but its market cap drops
This year’s Singles Day raked in a gross merchandise volume (GMV) of 498.2 billion yuan (€63.67bn-$75.19bn) for Alibaba up sharply from the RMB 268.4 billion reported a year ago. The rival Chinese e-tailer Jd.com had sales of about ¥271.5 billion (€34.71bn-$40.99bn). Lasting 11 days this year, Alibaba’s Chinese sales festival ...
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Article
Accell Group raises guidance as sales surge
In an operational update, Accell Group said that it is raising its guidance after sales from July to October jumped by 38 percent from the year-ago period because of the post-Covid boom in the bicycle sector. Since January, the Dutch company’s revenues have progressed by 16 percent. The operating profit ...
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Giant Group’s sales are boosted by Covid-19 situation
The Giant Group saw its revenues increased by 14.6 percent to 19.47 billion Taiwan dollars (€578.1m-$682.8m) in the third quarter. The growth was primarily driven by the surge in the demand for bicycles and e-bikes in key markets due to the pandemic, with consumers increasingly using bikes for health and ...
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Article
Descente in the red for H1 and the black in Q2
Descente ended the first half of its financial year on Sept. 30 with a net loss of 1,265 million yen (€10.2m-$12.0m), against a profit of ¥2,210 million for the year-ago period, as the economic impact of the pandemic hit its revenues. They declined by 34.9 percent to ¥42,897 million (€345.1m-$407.0m). ...
