Financial Results

  • Topsports Logo
    Article

    Retail, Other Brands lead Topsports International in FY

    2024-05-28T06:28:00Z

    The Chinese group achieved year-over-year sales lifts from both its retail business and Other Brands segment (Puma, Converse, Asics, and Hoka among others) to help it realize overall FY revenue growth of 6.9 percent to 28,933.2 yuan renminbi (€3.74b) for the 12 months ended Feb. 29. Annual operating profit grew ...

  • Deckers
    Article

    Deckers eyes more double-digit sales growth after strong FY24

    2024-05-24T07:56:00Z

    Deckers Brands, the Hoka and Ugg parent, ended a successful fiscal year by reporting a 36 percent operating income increase in the final period to $144.3 million compared to $105.9 million. Gross margin expanded by 620 basis points to 56.2 percent. Revenues increased by 21 percent to $959.8 million ...

  • VF_Blue_Ball_New_Logo
    Article

    VF Corp. fails to deliver yet again, stock tumbles nearly 12 percent

    2024-05-23T11:48:00Z

    VF Corp. failed to exceed consensus estimates for quarterly sales and profit for a fourth consecutive quarter. The latest bad news for the parent of The North Face, Vans, Timberland and Dickies, among others, sent VF’s shares down 11.7 percent in after-market trading yesterday. The stock has fallen 34 percent ...

  • Tencent
    News briefs

    Q1 revenues top $22 billion at Tencent

    2024-05-23T11:42:00Z

    Tencent Holdings, one of China’s two internet behemoths (alongside Alibaba), has posted first-quarter revenues of 159.5 billion renminbi ($22.5bn), up 6 percent year-on-year, along with a gross profit of RMB 83.9 billion ($11.8bn), up 23 percent. Non-IFRS operating profit was up 30 percent, to RMB 58.6 billion ($8.3bn), while non-IFRS ...

  • Amer_Sports_Logo.svgz
    Article

    Technical Apparel segment drives Amer Sports’ Q1 revenue growth

    2024-05-22T10:40:00Z

    Bolstered by constant-currency growth of 48 percent for its Technical Apparel segment that includes the Arc’teryx business, Amer Sports delivered Q1 sales and profitability above guidance in Q1. Operating profit fell by 16 percent to $109.0 million from $130.4 million in the period ended March 31. Ebit tumbled by 67 ...

  • Canada Goose
    Article

    Canada Goose exceeds expectations in Q4 due to DTC, North America

    2024-05-20T07:14:00Z

    Canada Goose, which recently hired its first creative director to reshape its product portfolio and elevate its creative aesthetic, reported a 31 percent improvement in Q4 operating income to C$7.6 million (€5.1m) against a C$10.0 million loss in the year-ago period. Net income attributable to shareholders was C$5.0 million. Gross ...

  • SBF_Logo.svgz
    Article

    Grupo SBF’s Ebitda up 14 percent in Q1

    2024-05-18T12:02:00Z

    Grupo SBF continues to make progress on key financial metrics, ranging from further inventory reductions to cost cuts, helping to reduce its year-over-year leverage by 39 percent to 843.4 million Brazilian reais (€151.6m). In Q1, the Brazilian group improved its year-over-year Ebitda by 14 percent to R$234.0 million (€42.1m) ...

  • Fila_Logo
    News briefs

    Fila Holdings reports flat Q1 net

    2024-05-18T11:59:00Z

    Fila Holdings’ constant currency net income increased by 0.1 percent to 123,330 million Korean won (€84.1m) against KRW 118,257 million for the period ended March 31. The Q1 operating profit declined by 2.6 percent on a constant currency basis to KRW 163,259 million (€111.3m) compared to KRW 160,379 million. The ...

  • Under Armour
    Article

    Under Armour’s latest reset will take many months to unfold

    2024-05-17T07:37:00Z

    Six weeks after returning as CEO to the company he founded, Kevin Plank will lead a restructuring at Under Armour that will focus on a premium positioning of fewer products, less promotional pricing, a greater focus on its core men’s apparel business and an accelerated bring-to-market strategy for new offerings. ...

  • alpargatas logo
    Article

    Alpargatas maps out new business strategy, turns Q1 profit

    2024-05-17T07:37:00Z

    Alpargatas spent much of Q1 working on cash generation, capitalizing on efficiencies, and simplifying its business. The effort, largely focused on its home market, included better alignment between sell-in and sell-out levels and cash generation of $260 million Brazilian reais (€46.7m) versus cash consumption of R$271 million. The Brazilian group, ...

  • goldwin-logo
    News briefs

    Goldwin FY operating profit up 9 percent

    2024-05-16T06:08:00Z

    Japanese group Goldwin reported an annual operating income increase of 9 percent to ¥23,847 million (€141.1m) for the 12 months ended March 31. Annual net income rose by 16 percent to ¥24,281 million (€143.7m). Goldwin’s consolidate net sales for the FY jumped by 10 percent to ¥126,907 million (€750.9m) from ...

  • Alibaba Group Logo
    News briefs

    Alibaba Group posts 8% annual revenue growth

    2024-05-16T06:07:00Z

    Alibaba Group reported revenues of RMB22.9 billion (US$30.7bn) for the quarter ended March 31, 2024, representing an increase of 7 percent year-over-year. Income from operations was RMB14.8 billion (US$2.0bn), a decrease of 3 percent year-over-year. Net income attributable to ordinary shareholders was RMB3.3 billion (US$453 million). Net income was RMB919 ...

  • on-running-logo8_800x800
    Article

    On posts another strong quarter, re-affirms FY24 objectives

    2024-05-15T12:01:00Z

    The Swiss group generated 29 percent constant-currency sales growth in Q1 to surpass the CHF 500 million mark for the first time ever over three months, bolstered by a 49 percent gain in its Dtc segment and double-digit increases in shoes, apparel and accessories. With the results, On Holdings ...

  • Descente Logo
    Article

    Descente FY net rises by 14 percent, sales up 5 percent

    2024-05-14T14:15:00Z

    The Japanese group reported a 14 percent increase in annual net profit to ¥12,014 million (€71.6m), exceeding guidance by 9.2 percent, and a 12 percent rise in operating income to ¥8,740 million (€58.0m) for the 12 months ended March 31. Gross margin improved by 210 basis points to 59.5 percent, ...

  • Mizuno
    Article

    Mizuno FY results exceed forecasts

    2024-05-14T14:15:00Z

    The Japanese group reported a 33.5 percent increase in annual operating profit to ¥17,279 million (€102.7m) and a 44 percent year-over-year gain in profit to ¥14,311 million (€85.1m). Both figures exceeded the company’s guidance for the 12 months ended March 31. Meanwhile, Mizuno’s annual revenues increased by 8.3 percent ...

  • Yue Yuen
    Article

    Yue Yuen sees ‘gradual recovery trend’ as Q1 net soars

    2024-05-14T06:38:00Z

    Profit attributable to owners of the Chinese group Yue Yuen increased by 97 percent to $100.0 million from $50.8 million for the period ended March 31. Ebit rose by 82 percent to $145.1 million from $79.7 million despite a 4.9 percent decline in total revenues to $2.0 billion from $2.1 ...

  • Asics_Logo.svgz
    Article

    Asics’ Q1 operating income jumps by 53 percent, maintains FY outlook

    2024-05-13T12:34:00Z

    Bolstered by double-digit operating profits for all five product segments, Asics Corp. reported a 53 percent increase in Q1 operating profit to ¥33,812 million (€202.0m) and a 14 percent improvement in net sales to ¥174,102 million (€1.04bn) for the period ended March 31. Net income attributable to the parent rose ...

  • HanesBrands_Stacked
    Article

    Hanesbrands still weighing options for Champion

    2024-05-12T17:19:00Z

    Senior Hanesbrands’ executives remain mum on whether the company will retain or eventually divest the Champion business. Still, they confirm the brand will likely reach its low-water sales point in Q2. The completion of an inventory clean-up and a return of the brand’s largely seasonal collegiate business should brighten Champion’s ...

  • AllBirds-Logo
    Article

    Allbirds reduces Q1 loss, confirms FY guidance

    2024-05-12T14:38:00Z

    With the group’s transformation strategy in progress, Allbirds dropped its Q1 operating loss by 16 percent to $29.8 million from $35.7 million despite a 28 percent decline in sales to $39.3 million from $54.4 million. Lower overall demand and impact from retail store closures and international distributor changes contributed to ...

  • vulcabras-logo
    News briefs

    Higher domestic sneaker sales spark Vulcabras in Q1

    2024-05-12T14:37:00Z

    Brazilian group Vulcabras received a 5.8 percent overall revenue lift to 597.3 million Brazilian reais (€109.4m) in Q1 thanks to a 7.4 percent increase in athletic footwear sales to R$495.4 million (€90.7m) as total pairage stepped up 4.7 percent to 4.2 million pairs. Higher sneaker sales in Brazil from Under ...