Financial results – Page 7

  • GoPro_Logo
    Article

    GoPro captures momentum with entry-level cameras; reports Q2 loss

    2023-08-04T05:59:00Z

    New market strategies began to take hold in Q2 as revenues for the period clicked 9.5 percent higher, above expectations, to $241 million. Nonetheless, GoPro reported an operating loss of $22.5 million against an operating profit of $4.7 million for the period ended June 30. Gross margin came in at ...

  • Adidas_Logo_3_2
    Article

    Adidas’ bumpy year showing some signs of smoothing out

    2023-08-04T05:54:00Z

    While still facing hurdles in its recovery and path to profitability in 2025, Adidas began to show some positive developments in Q2 that included improved sell-throughs for some products and a €400 million boost from the sale of surplus Yeezy shoes that will reduce the group’s expected FY23 loss. ...

  • Acushnet-Company-logo
    Article

    Acushnet paced by U.S., ball sales in Q2

    2023-08-03T17:19:00Z

    Acushnet’s operating income increased by 20 percent to $106.5 million from $88.5 million in Q2 as the Titleist, FootJoy, and Kjus parent achieved 4.7 percent revenue growth to $689.4 million from $658.6 million for the period ended June 30. Net income was 12.3 percent at $74.7 million versus $66.5 million ...

  • Compass-Diversified
    Article

    CoDi maintains FY guidance as inventory headwinds persist

    2023-08-03T09:58:00Z

    Net income from continuing operations in Compass Diversfied’s (CoDi) branded consumer companies related to sports, outdoor and apparel (5.11 Tactical, Boa, Marucci Sports, PrimaLoft, and Velocity Outdoor) declined by 68 percent to $6.94 million from $21.4 million for the period ended June 30. Total revenues from the five companies fell ...

  • vulcabras-logo
    Article

    Vulcabras Q2 results bolstered by locally made athletic footwear

    2023-08-02T15:09:00Z

    The Brazilian Vulcabras group, which produced double-digit Q2 gains in revenues, gross margin and net profit, was aided by a 14.2 percent increase in market-produced footwear to 608.2 million Brazilian reais (€112.8m). Overall, Ebit expanded by 40 percent to R$148.1 million (€27.5m) as year-over-year gross margin increased by 540 basis ...

  • Columbia Sportswear Company
    Article

    Columbia dims FY outlook as Q2 net dips 17%

    2023-08-02T08:32:00Z

    Bloated inventories and challenging market conditions in the USA are forcing Columbia Sportswear to take a “more conservative” stance on its H2 and full-year results despite explosive year-over-year Q2 sales growth in China and in its lower-margin international distributor businesses. Saddled with a 21 percent year-over-year increase in Q2 ...

  • VF_Logo_Vert_FullColor_NoReg_CMYK-medium
    Article

    VF Corp. slashes FY revenue guidance, reports wider Q1 loss

    2023-08-02T08:32:00Z

    VF Corp., the parent of The North Face (TNF) and Vans, welcomed its new President and CEO Bracken Darrell, 12 days on the job, to his first results call by reporting a Q1 loss of $57.4 million against a loss of $55.96 million in the year-ago period on an 8 ...

  • coats-logo
    Article

    Coats Group forecasts gradual demand improvement in H2

    2023-08-01T15:26:00Z

    The U.K.-based maker of industrial yarns and structural components for footwear and apparel faced H1 headwinds due to difficult year-over-year comparisons and widespread industry destocking. Adjusted operating profit slipped by 14 percent to $107 million from $125 million for the six months ended June 30. Revenues fell by 11 percent ...

  • Skechers_Logo
    Article

    Skechers raises profit forecast as DTC and international shine in Q2

    2023-08-01T05:34:00Z

    Skechers raised its guidance for earnings in the full year after its direct-to-consumer (DTC) and international operations performed strongly in the second quarter ended June 30. While its domestic wholesale business underperformed as expected, overall revenues rose by a reported 7.7 percent to $2,012.5 million and were 9.1 percent higher ...

  • frasers
    Article

    Frasers scores double-digit FY23 revenue gains in all segments

    2023-07-31T13:53:00Z

    U.K. retailer Frasers Group, bolstered by acquisitions and a strong performance from its core Sports Direct business, generated a 61 percent increase in annual operating profit to £531.8 million (€613.2m) for the 53 weeks ended April 30. Adjusted profit before tax rose by 41 percent to £478.1 million. FY gross ...

  • Meta_Platforms_Inc._logo.svgz
    Article

    Meta up in Q2 except in the metaverse

    2023-07-29T06:44:00Z

    “We had a good quarter,” is CEO Mark Zuckerberg’s summation. “We continue to see strong engagement across our apps, and we have the most exciting roadmap I’ve seen in a while with Llama 2, Threads, Reels, new AI products in the pipeline, and the launch of Quest 3 this fall.” ...

  • Deckers
    Article

    Hoka paces Deckers in Q1, company lifts FY guidance

    2023-07-28T07:02:00Z

    Deckers Brands, intent on growing both its direct-to-consumer and international businesses in the months ahead, generated a 42 percent increase in Q1/24 net income to $63.6 million versus 44.8 million for the three months ended June 30. Operating income was 26 percent higher year-over-year at $70.7 million. Total net sales ...

  • crocs
    Article

    Crocs’ shares take hit as Heydude sales outlook tempered

    2023-07-28T07:02:00Z

    Crocs Inc. generated more than $1 billion in Q2 revenues on 12 percent constant-currency growth. The company increased its annual revenue guidance on July 26 to surpass the $4 billion mark, but its share price plummeted more than 14 percent, nonetheless. By mid-afternoon, the company’s shares were on pace to ...

  • 1200px-Moncler_logo.svgz
    Article

    Moncler Group’s H1 revenues surpass €1 billion for first time

    2023-07-27T07:35:00Z

    Consolidated H1 revenues rose by 24 percent in both reported and constant currency for the Moncler Group to €1.14 billion from €918.4 million for the six months ended June 30. Moncler brand sales rose by 29 percent to €935.0 million and Stone Island sales increased by 4 percent on a ...

  • PUMA_Logo_Standard-No1
    Article

    Puma maintains full-year guidance despite challenging market as Q2 sales tick up 6%

    2023-07-26T16:51:00Z

    Puma confirmed its guidance for the full year and hinted at a possible upgrade after sales in the second quarter rose by a reported 5.9 percent compared to the year earlier, or 11.1 percent in local currencies, to reach €2,121 million. It also indicated it would be able to adjust ...

  • thule-group-vector-logo
    Article

    Thule reports best-ever gross margin, higher cash flow from ops

    2023-07-19T16:02:00Z

    Despite experiencing lower profitability and sales in Q2, Thule Group generated a record quarterly gross margin and a 47 percent increase in cash flow from operations as the Swedish company continued to prepare for new product introductions over the next 18 months. Sales for the three months ended June ...

  • xxl-asa
    Article

    XXL initiates new operating model under new CEO; reports Q2 loss

    2023-07-16T06:12:00Z

    Norwegian retailer XXL ASA reported another weak quarter of results but also some progress on its initiative to develop a new operating model under CEO Freddy Sobin, who has been on the job for two-and-a-half months. The Q2 Ebitda loss was 57 million Norwegian kroner (€4.9m), which included a NOK ...

  • Nike-mobile
    Article

    Nike eyes “healthy, full price growth” as inventory woes dissipate

    2023-06-30T07:01:00Z

    Having surpassed $51 billion in annual revenues and normalized its inventory level through markdowns and order cancellations, Nike says it’s better positioned than smaller rivals as it commences FY24 with a strategy to grow total revenues by mid-single digits, expand reported gross margin by 140 to 160 basis points despite ...

  • Podium 5K events race winner Mary Ngugi
    Article

    SportsShoes.com reports 20% sales growth in Q1, 140,000 new customers

    2023-06-28T16:32:00Z

    SportsShoes.com has announced sales figures for its Q1 of the fiscal year that began March 1, 2023. According to the report, the British e-tailer, which was founded in 1982, saw its sales surge by 20 percent year-on-year to £83.8 million (€97.3m). At the same time, it added 140,000 new customers ...

  • signa-spouni-logo-cmy-color-pos-1-1
    Article

    SSU lands €150 million in funding, says worst of market disruptions are over

    2023-06-28T07:31:00Z

    Signa Sports United (SSU), while bracing for less-than-stellar FY23 results impacted by macroeconomic headwinds and high industry inventory levels, is taking steps to generate €100 million in Ebitda savings by FY25 and less operational complexity in FY24 that will return it to profitable, long-term growth. Meanwhile, the Germany-based e-commerce company, ...