Financial results

  • PUMA_Logo_Standard-No1
    Article

    Puma expects business headwinds to persist in H1 of 2024

    2024-02-27T15:45:00Z

    Puma, citing ongoing geopolitical and macroeconomic headwinds and currency fluctuations to continue for at least H1 of 2024, is forecasting mid-single-digit, currency-adjusted sales growth this year and a corresponding operating profit of €620 million to €700 million this year. The predicted Ebit range represents flat to 12.7 percent year-over-year growth ...

  • GILDAN_LOGO_blue
    Article

    Gildan results benefit from higher customer replenishment

    2024-02-24T18:38:00Z

    Canadian sportswear firm Gildan Activewear generated an 8.1 percent increase in Q4 activewear sales to $644.0 million, fueled by higher volumes at point-of-sale and stronger year-over-year customer replenishment. There was a strong sales performance from the fleece and ring-spun T-shirt segments. Overall final period results, including sales of underwear ...

  • 1200px-Globe-international-brand.svg Kopie
    Article

    Globe spinning in right direction with shift in focus

    2024-02-23T08:42:00Z

    Globe Intl., bolstered by a shift in key product focus to footwear and apparel, generated improved H1 results that included stronger profitability and cash flow from operations for the six months ended Dec. 31. The Aussie group reported a net profit of A$4.9 million (€3.0m) against a loss of A$0.2 ...

  • Gymshark_Logo
    Article

    Gymshark’s annual profit drops despite higher sales

    2024-02-23T08:42:00Z

    UK-based sportswear company Gymshark, which closed its regional sourcing offices in Hong Kong and Mauritius and restructured its North American team last FY, suffered a 32 percent decline in annual operating profit to £20,087,000 (€23.5m) for the 12 months ended July 31, 2023. Net profit, impacted by a 320 percent ...

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Wolverine makes progress on turnaround but more bumps likely

    2024-02-22T07:11:00Z

    Wolverine Worldwide’s CEO leads turnaround, aiming for $140M profit gains in 2024. Despite Q4 losses, strides made in inventory and debt.

  • KMD Logo
    Article

    KMD Brands sees soft H1 group sales

    2024-02-21T09:06:00Z

    All three of KMD’s brands – Rip Curl, Kathmandu and Oboz – suffered a year-over-year sales decline in the first half that ended Jan. 31, with their aggregate revenues projected to be down by 14.5 percent to 469 million New Zealand dollars (€267.3m). Amid ongoing weakness in consumer sentiment during ...

  • AFP Courts
    Article

    Sales at AFP up 8%, though short of expectations

    2024-02-20T13:00:00Z

    All for Padel (AFP) – the racquet company within AFP Group, which holds the Adidas license to design, manufacture and commercialize pádel racquets, accessories and courts – had been hoping to generate €34 million in sales for 2023. However, this target was revised down to €31 million in September, and ...

  • crocs
    Article

    Crocs brand kicks off 2024 with momentum, $5 billion sales target not until later

    2024-02-16T16:36:00Z

    The Crocs brand has started 2024 “with momentum” after sales in 2023 jumped by 14 percent to $3.0 billion, but management now expects it will take a bit longer to reach a $5.0 billion 2026 sales target unveiled in 2021. “I don’t think it’s realistic to achieve the $5 billion ...

  • HanesBrands_Corporate_Image_02
    Article

    HanesBrands plots next moves for Champion business

    2024-02-16T16:28:00Z

    Stephen Bratspies, CEO of HanesBrands, hinted about strategic alternatives for the company’s flagging Champion business but offered few specifics when speaking to analysts during the apparel company’s year-end conference call. “[…] the process is progressing as expected,” Bratspies commented, adding, “We continue to evaluate the right path forward as ...

  • Nike-mobile
    Article

    Nike announces 2% workforce reduction

    2024-02-16T15:27:00Z

    Nike has officially confirmed a 2 percent reduction in its workforce, following months of speculation. This decision aligns with the company’s goal to streamline operations and save up to $2 billion in costs over the next three years, as announced in December. CEO John Donahoe sent an internal memo to ...

  • Topgolf Callaway_Logo
    Article

    Topgolf Callaway forecasts higher revenue, Ebitda and cash flow in 2024

    2024-02-15T10:39:00Z

    Topgolf Callaway, which is working on several synergistic strategies to connect and grow its various businesses, is forecasting modest cash flow growth this year before it ramps up between 2025 and 2028 and bolsters earnings per share expansion starting next year. Despite currency headwinds and a difficult year-over-year comparison for ...

  • Under Armour
    Article

    European market remains strong for Under Armour

    2024-02-12T12:16:00Z

    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 ...

  • Mizuno
    Article

    Mizuno posts strong nine-month results, lifts FY outlook

    2024-02-12T08:51:00Z

    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 ...

  • Asics-logo
    Article

    Asics eyes modest FY24 growth, but flat sales in Europe

    2024-02-12T07:22:00Z

    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, ...

  • alpargatas logo
    Article

    Alpargatas’ write-offs impact Q4 Ebitda, adjusted gross margins

    2024-02-09T15:01:00Z

    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. ...

  • GoPro_Logo
    Article

    GoPro’s retail strategy ahead of plan despite Q4, FY losses

    2024-02-09T07:01:00Z

    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 ...

  • xxl-asa
    Article

    XXL promises Ebitda improvements amid cost-cutting

    2024-02-09T07:01:00Z

    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 ...

  • VF_Blue_Ball_New_Logo
    Article

    The North Face, EMEA stronger in “challenging” VF quarter

    2024-02-07T14:37:00Z

    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”.

  • Descente Logo
    Article

    Descente’s operating profit dips despite higher sales

    2024-02-06T12:38:00Z

    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 ...

  • Deckers
    Article

    Deckers raises FY guidance, sets CEO succession plan after strong results

    2024-02-05T09:23:00Z

    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 ...