All Financial results articles
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ArticleNike sees some progress in Q1 as recovery commences
CEO Hill warns that the recovery will be uneven.
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ArticleJD Sports Fashion stays on course with organic growth in Q2
JD Sports Fashion defies the challenging market environment. While North America and Asia are growing, the domestic business remains under pressure.
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ArticleStrong Adidas results tempered by potential tariff impact
Operating income for the German brand rose by 82 percent to €610 million from €336 million in the period ended March 31.
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ArticleSkechers sees rebound in India, stumbles in China in Q3
Overall, Skechers’ revenues in the third quarter rose by 15.9 percent to reach $2,347.7 million.
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ArticleAdidas lifts FY guidance after another strong quarter
Citing current brand momentum and better-than-expected results in Q3 ended Sept. 30, Adidas increased its FY24 guidance for a second consecutive period. The German group is now forecasting about 10 percent currency-neutral sales this fiscal year, up from a prior outlook of a high-single-digit rate and €1.2 billion in ...
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ArticlePuma leaps up 2.1% in sales Q2
Puma recorded a strong Q2 with slight sales growth. One highlight was the Americas region, with sales rising 9.0% (currency-adjusted) to €887.5 million.
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ArticleJD Sports bolsters North American presence, reports revenue growth ahead of Hibbett acquisition
JD Sports has reported a revenue increase of 8 percent in North America, reaching £3,413.5 million ($4,340.4 million) for the fiscal year ended February 3. This growth comes ahead of its planned $1.08 billion acquisition of Hibbett, Inc., expected to finalize in the second half of the year, which will ...
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ArticleSkechers Q4 sales jump announced along with full year 2022 financial results
Skechers says it is planning to begin production in India, one of its fastest growing markets in the Asia Pacific region. Sales in the country displayed “particular strength” in the fourth quarter of 2022, as the company’s overall top line jumped by 13.5 percent to $1,878.8 million billion to reach ...
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News briefsSales up by 22% at El Corte Inglés for FY 2021
El Corte Inglés reported at its annual shareholder meeting in July that sales for the year ended Feb. 28 had reached €12.51 billion, in a year-on-year increase of 22 percent. EBITDA reached €804 million and consolidated net profit €120 million. Marta Álvarez, the Spanish retailer’s chairwoman, attributed this “return to ...
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ArticleFila’s Q1 operating profit dips on supply chain, Acushnet expenses
Fila Holdings group revenues inched 1.8 percent higher in constant currency to 1,073,563 million Korean won (€751.5m) and were 8.6 percent higher on a reported basis for the first quarter ended March 31. The revenue improvement was attributed to growth in Acushnet sales of 4.3 percent (12.9 percent on a ...
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ArticleMizuno hit record EMEA results last year
The Japanese company, bolstered by strong sales in running and golf, reached its highest ever annual revenue and operating profit in the EMEA in the financial year 2021. Total regional sales grew 37.7 percent to 17.9 billion yen (€137.8m) on a ¥1.4 billion (€10.8m) operating profit compared to a ¥0.3 ...
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ArticleWolverine Worldwide hires Boston Consulting, re-iterates outlook
Wolverine Worldwide is maintaining its full-year outlook that calls for total FY22 revenues of $2.775 to $2.85 billion. This represents a 15 to 18 percent year-over-year increase with the DTC segment representing approximately 30 percent of global revenues and the international segment another 35 percent. Wolverine’s top three brands, Saucony, ...
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ArticleEMEA paces Havaianas’ growth for Alpargatas
Alpargatas realized 17 percent currency-neutral growth for its rubber sandal brand outside of Brazil in the first quarter to 342 million Brazilian reais (€58.2m) as total pairs sold increased 11 percent to 8.9 million. The EMEA region led Havaianas’ sales gains internationally, rising 25 percent currency-neutral to R$207.9 million (€35.4m) ...
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News briefsCompass Diversified consumer business paced by Boa
Compass Diversified’s (CoDi) branded consumer business was led by Boa in the first quarter ended March 31 as the closure system brand generated a 75 percent increase in adjusted Ebitda to $24.9 million from revenue growth of nearly 56 percent to $56.8 million as compared to $36.5 million. Elsewhere in ...
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News briefs
Pou Sheng issues Q1 profit warning
Pou Sheng International, the distribution and retail subsidiary of Yue Yuen, will have a significant drop in profits and sales in the first quarter due to the re-emergence of Covid-19 in key Chinese markets, including Shanghai. Citing the pandemic’s impact on consumer demand and sentiment accelerated by lockdown measures taken ...
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ArticleXXL fails to get boost from Mother Nature in Q1
XXL ASA, citing challenging winter conditions in January and February despite a promising start to the winter season in late 2021, reported a net loss of 175 million Norwegian kroner (€15.4m) in the first quarter ended March 31. Ebitda declined 64 percent to NOK 75 million (€7.6m) from NOK 207 ...
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Article
Strong European e-bikes sales take Giant to record highs
The Giant Group reported a 5.3 percent increase in revenues to a record 63,449 million New Taiwan dollars (€1.9bn-$2.1bn) in 2019, boosted by the rising popularity of e-bikes, especially in Europe, where sales gained about 13 percent to NT$ 18,667 million (€571.6m-$617.4m). Collectively, the Taiwanese bike manufacturer’s brands - Cadex, ...
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Article
Yue Yuen posts mixed results
Yue Yuen Industrial Holdings, the world’s largest footwear producer, reported a 4.2 percent increase in sales to $10,105 million in 2019, driven by a double-digit increase in retail revenues. However, the Chinese company’s gross margin lost 0.3 percentage points, going down to 24.9 percent. and its net income fell by ...
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Article
Li Ning’s profits soar
Even though it faced a difficult comparison base due to a stellar year in 2018, Li Ning managed to more than double its net income in 2019 to 1,499 million yuan renminbi (€192.2m-$211.4m). The Chinese sports company’s annual sales jumped by 32 percent from the previous year to 13,870 million ...
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Article
Fila performs well in Europe
The Italian heritage sports brand’s momentum remained particularly strong in Europe during the fourth quarter of 2019, as Fila Korea’s licensing royalties from the region surged by 47 percent from the year-ago quarter to 39,200 million Korean won (€29.2m-$32.0m).
