Financial results – Page 2

  • 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 ...

  • 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 ...

  • Football - Jannik Skorna - Unsplash
    Article

    Real Madrid becomes football club with highest revenue, says Deloitte report

    2024-02-05T08:33:00Z

    Deloitte’s Sports Business Group has released the 27th edition of its Deloitte Football Money League. The report reveals the 20 highest-revenue-generating football clubs globally for the 2022/23 season. Real Madrid generated record revenues of €831 million, representing an increase of €118 million compared with the previous year, and knocked Manchester ...

  • Macron New Logo
    Article

    Macron posts 15% sales increase

    2024-02-02T14:05:00Z

    Italian teamwear brand Macron has announced a 15 percent sales increase to €196 million in 2023. Growth was homogeneous across the various markets in which the company operates, with excellent performance in its three main markets, including the UK, Italy, and Spain. International sales account for 80 percent of Macron’s ...

  • Peloton_Logo
    Article

    Peloton Interactive disappoints despite some clear gains

    2024-02-02T07:13:00Z

    Despite making some strides in Q2, Peloton Interactive did not live up to future sales expectations. The company is now forecasting a Q3 revenue range of $700 to $725 million, below average market guidance of $755.6 million and 3.2 to 6.5 percent below the year-ago quarter’s $749 million. That shortcoming ...

  • Canada Goose_logo
    Article

    China's luxury demand boosts Canada Goose in Q3

    2024-02-02T07:05:00Z

    Increased demand for luxury goods in China contributed to a reported 62 percent increase in Asia-Pacific sales at Canada Goose to C$270.7 million (€186.3m) for the third quarter ended Dec. 31. All other geographies posted double-digit declines in sales, including a 26 percent decline in the EMEA to C$86.8 million ...

  • Columbia Sportswear Company
    Article

    Columbia faces revenue decline challenge

    2024-02-02T07:05:00Z

    With a warm winter and a difficult US marketplace to contend with in its seasonally strong final quarter of the year, Columbia Sportswear reported a 27 percent drop in operating income to $113.1 million from $155.4 million and a 9 percent decline in total revenues to $1.06 billion from $1.17 ...

  • adidas logo mountain
    Article

    Adidas eyes €500m operating profit for FY24, most Yeezy inventories won't be written off

    2024-02-01T06:47:00Z

    Adidas published preliminary FY23 results and sales and operating profit guidance for FY24 yesterday. In a statement, CEO Bjørn Gulden said the outlook for FY24 is “the next building block needed to bring Adidas back to a company with a double-digit growth and 10 percent operating margin.” Markets in ...

  • Intersport_LOGO
    Article

    Intersport Germany continues to grow in 22/23

    2024-01-26T11:36:00Z

    Source: Intersport Deutschland eG Alexander von Preen With sales of €3.5 billion in the 2022/2023 financial year, Intersport Germany, with over 1,400 associated doors, is building on the record sales figure of the previous year, when it exceeded the €3 billion sales mark for the first time. ...

  • Sport-2000-logo
    Article

    Sport 2000 GmbH with stable development in 2023

    2024-01-26T10:17:00Z

    The consolidated gross external sales of the Sport 2000 5-country network amounted to €2.95 billion in Germany in 2023. The purchasing network comprising Germany, Switzerland, Belgium, the Netherlands and Luxembourg amounted to €4.03 billion. Due to restrained order behavior and the insolvency of some sports retailers, the purchasing volume fell ...

  • PUMA_Logo_Standard-No1
    Article

    Puma shares decline on FY24 outlook

    2024-01-25T07:01:00Z

    Shares in Puma SE declined by €4.49 to €38.49 yesterday, to their lowest level in more than five years, after the group issued a FY24 outlook below the consensus estimate and revealed preliminary FY23 results that were negatively impacted by the “extraordinary devaluation” of Argentine’s Peso in December. Nonetheless, ...