Financial Results – Page 134
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Reporting on the seventh consecutive quarter of strong growth in...
Reporting on the seventh consecutive quarter of strong growth in sales and profits, Foot Locker said its net income jumped by 26.9 percent to $66 million in the third quarter ended Oct. 29 on a sales increase of 8.9 percent to $1.39 billion, beating the estimates of financial analysts. Sales ...
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Sales of Björn Borg shoes increased by 60 percent in...
Sales of Björn Borg shoes increased by 60 percent in the first nine months of this year, but this didn't prevent the Swedish company by the same name from posting a 2 percent drop in revenues to 413.4 million Swedish kronor (€45.1m-$60.8m) and a drop in net profit to SEK ...
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Descente saw its sales increase by 7.0 percent to 23.47...
Descente saw its sales increase by 7.0 percent to 23.47 billion yen (€226.1m-$304.8m) during the second quarter ended Sept. 30, including the distribution in Japan of Cutter & Buck, Le Coq Sportif, Marmot, Munsingwear and Umbro. The gross margin for the quarter went up to 50.4 percent from 47.4 percent ...
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Globeride, the Japanese fishing tackle company previously known as Daiwa...
Globeride, the Japanese fishing tackle company previously known as Daiwa Seiko, improved its net profit by 26 percent to 1,776 million yen (€17.1m-$23.1m) for the first six months ended Sept. 30, in spite of lower sales and operating results. Revenues slipped by 9 percent to ¥29.7 billion (€286.2m-$385.7m), and operating ...
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Mizuno Corporation's turnover inched up by 2.2 percent to 78.15...
Mizuno Corporation's turnover inched up by 2.2 percent to 78.15 billion yen (€753.0m-$1,014m) for the six months until the end of September, driven by increased footwear sales in all regions. In constant currencies, sales increased the most in the Americas, where they were up by nearly 11 percent and reached ...
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News briefs
Soaring sales of American football helmets under the Riddell brand...
Soaring sales of American football helmets under the Riddell brand drove a quarterly sales increase of 6.9 percent to nearly $212.5 million for Easton-Bell Sports, the American supplier of team sports, cycling and other sports products. Riddell's market share continued to increase as its sales of helmets for adults and ...
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News briefs
The recreational/leisure segment of Dorel Industries, which comprises Cannondale, Sugoi...
The recreational/leisure segment of Dorel Industries, which comprises Cannondale, Sugoi and other bicycle-related operations, enjoyed a 21.6 percent sales boost in the third quarter to $209.8 million. Organically, the segment rose by 18 percent, resulting in growth of 13 percent for the first nine months of the year. The gross ...
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News briefs
Nautilus posted a net loss of $92,000 in the third...
Nautilus posted a net loss of $92,000 in the third quarter, compared with a loss of $4.3 million in the year-ago period. Excluding the losses related to its commercial fitness equipment operations, which it sold earlier this year, the U.S. company recovered with a profit of $281,000 versus a loss ...
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News briefs
Higher selling prices boosted the results of Exceed Company, the...
Higher selling prices boosted the results of Exceed Company, the Chinese firm that markets the Xidelong brand of sports shoes and apparel, for the third quarter ended Sept. 30. The company has reported a 41 percent rise in net income to 156.1 million renmimbi (€18.2m-$24.6m) on 28 percent higher revenues ...
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An estimated 43 percent of Spanish people aged 15 to...
An estimated 43 percent of Spanish people aged 15 to 75 were practicing some kind of sports in 2010, up from 37 percent in 2005. The figures were disclosed by Spain's Superior Sports Council (CSD), which added that Spaniards are getting away from institutionalized and competitive sports.
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French specialty sporting goods retailers saw their sales decline by...
French specialty sporting goods retailers saw their sales decline by an estimated 2 percent in the third quarter according to their trade association, FPS, in spite of a relatively good month of July. The drop has partly offset the 5 percent increase enjoyed in the first half of the year, ...
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The Finnish Kesko group reports a 2.0 percent increase to...
The Finnish Kesko group reports a 2.0 percent increase to €43 million for the net revenues from its Intersport operations in the third quarter, but the business was down by 0.4 percent to €118 million for the first nine months of this year. Kesko's acquisition of an 80 percent stake ...
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News briefs
Deckers Outdoor Corporation, the parent company of Teva and other...
Deckers Outdoor Corporation, the parent company of Teva and other footwear brands such as Ugg, is forming a French subsidiary. Deckers has already taken over its distribution in the U.K. and the Benelux countries. It was handling the French market from its Dutch office, but it has now decided to ...
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News briefs
The fitness segment of Brunswick Corporation, consisting essentially of Life...
The fitness segment of Brunswick Corporation, consisting essentially of Life Fitness and Hammer Strength, recorded a 14 percent sales increase to $157.2 million in the third quarter, but sales outside the U.S. declined by 1 percent to 49 percent of the total. The segment's operating profit grew to $22.6 million ...
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News briefs
Cybex International booked a net loss of $278,000 in the...
Cybex International booked a net loss of $278,000 in the third quarter ended Sept. 24, compared with a $15,000 loss a year earlier, but this was due mainly to a $1.4 million legal charge. Revenues increased by 14.5 percent to $33.5 million, but the gross margin declined by 0.8 percentage ...
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News briefs
Under Armour's total revenues grew by 41.7 percent to $465.5...
Under Armour's total revenues grew by 41.7 percent to $465.5 million in the third quarter, marking the third consecutive quarterly increase of more than 40 percent. Sales outside the U.S. jumped by 53.9 percent, but at $32.8 million they represented only 7 percent of the total turnover, and they were ...
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News briefs
Albany International has reported a 15.5 percent increase in sales...
Albany International has reported a 15.5 percent increase in sales of Primaloft Products to $6.48 million for the third quarter ended Sept. 30, with a rise of 12.1 percent in constant currencies. They were again driven by stronger penetration in new European markets and by the development of new products. ...
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News briefs
Black Diamond's growth rate increased to 24 percent for the...
Black Diamond's growth rate increased to 24 percent for the third quarter, allowing the outdoor company to reach a record level of $42.0 million in sales for the period. While volumes increased for all the 27 product categories covered by the group, 4 percentage points of the growth came from ...
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News briefs
Nike has a new credit agreement that allows for up...
Nike has a new credit agreement that allows for up to about $1 billion in borrowings pursuant to a revolving credit facility, with the option to increase borrowings to $1.5 billion upon request by the company. The revolving credit facility matures in October 2016, with potential extensions available that could ...
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Short stops
A survey conducted by Sports Marketing Surveys indicates that Galvin...
A survey conducted by Sports Marketing Surveys indicates that Galvin Green has widened its leadership in the U.K. market for waterproof golf apparel, with a market share of 30 percent in value last year compared with 23 percent the previous year
