Financial insights for the sporting goods industry – Page 10

  • Footway
    News briefs

    Struggling Footway sees sales halved after reconstruction

    2024-04-15T10:42:00Z

    After concluding a more than six-month-long reconstruction process on Feb. 13, Footway, with twelve e-commerce platforms in its portfolio, has released its sales figures for the first quarter, covering January through March. The year started off on a challenging note, with sales more than halved. Revenue amounted to SEK102 million ...

  • Logo 361
    News briefs

    361 Degrees Intl. provides Q1 update

    2024-04-11T13:02:00Z

    Chinese group 361 Degrees Intl. realized high-teens percentage growth for its core brand and a 20-25 percent comparable retail sales gain for its 361° Kids brand during the period ended March 31. Additionally, year-over-year e-commerce sales increased by 20-25 percent in Q1. 361° launched numerous e-commerce marketing initiatives during ...

  • Decathlon-logo-
    Article

    Decathlon’s global revenue surges by 4.4% to €15.6 billion

    2024-04-10T14:41:00Z

    In 2023, Decathlon experienced significant developments across various fronts, reflecting its resilience amidst global challenges. CEO Barbara Martin Coppola acknowledged the company’s progress, emphasizing their focus on future sustainability: “We made strides in CO2 reduction while ensuring continued revenue growth.” Financially, Decathlon achieved a 4.4 percent increase in revenue, totaling ...

  • Allbirds
    News briefs

    Allbirds faces Nasdaq pressure to boost stock price

    2024-04-09T14:54:00Z

    Allbirds is facing pressure to increase its share price after receiving a warning from Nasdaq regarding its stock performance. The sustainable footwear brand disclosed that its Class A common stock had consistently closed below $1 per share for 30 consecutive days, violating Nasdaq’s regulations. Allbirds now has six months to ...

  • Beyond Yoga
    News briefs

    Levi Strauss’ Beyond Yoga posts double-digit growth in Q1

    2024-04-06T07:52:00Z

    Levi’s yoga brand Beyond Yoga gained 11% in the first quarter ended Feb. 25, outpacing similar growth from a year ago, driven largely by strength in e-commerce and store expansion. Following the appointment of Athleta and Old Navy veteran Nancy Green as CEO in January, Levi Strauss & Co. plans ...

  • Decathlon-logo-
    News briefs

    Decathlon Germany sets new sales record in 2023

    2024-04-06T06:59:00Z

    Despite a challenging environment, Decathlon Deutschland SE & Co. KG – the German subsidiary of the globally active French sporting goods retailer and manufacturer Decathlon SA – closed the 2023 financial year with another sales record. With total gross sales of €1.11 billion, Decathlon Germany, which now has 87 ...

  • Decathlon-logo-
    Article

    Decathlon France raised revenues, focused on circularity in FY23

    2024-04-05T11:38:00Z

    Decathlon France generated €4.752 billion (VAT and other taxes included) in full-year 2023, according to its year-end round-up. This represents a rise of 1.24 percent from 2022 and of 22.52 percent from 2019, the year before the lockdowns. France accounted for about a quarter of Decathlon’s worldwide sales, which, by ...

  • Macron New Logo
    News briefs

    Macron confirms double-digit sales growth in 2023

    2024-04-03T14:48:00Z

    Italian sportswear company Macron posted consolidated turnover of €196.6 million for financial year 2023, representing an increase of 15.7 percent compared to 2022. All its three main lines of business recorded double-digit growth: Teamwear (+21 percent), Individual lines (+23 percent) and Pro Clubs (+11 percent). Pro forma Ebitda of €33.8 ...

  • mainland-headwear
    News briefs

    Mainland Headwear hopes new factory will turn fortunes around

    2024-03-29T17:43:00Z

    Annual operating profit at the China-based group Mainland Headwear declined by 28 percent to HK$190.2 million (€22.5m) from HK$264.1 million for the 12 months ended Dec. 31. Ebit fell by 29 percent to HK$177.2 million (€21.0m) as profit attributable to shareholders tumbled by 40 percent to HK$117.9 million (€14.0m). Meanwhile, ...

  • perfect-moment
    News briefs

    Perfect Moment reports Q3 results

    2024-03-28T15:31:00Z

    London-based luxury lifestyle brand Perfect Moment, which completed a NYSE IPO on Feb. 8, reported a 69 percent drop in operating income to $728,000 from $2.32 million for the period ended Dec. 31. Year-over-year net income fell by 63 percent to $1.2 million from $3.27 million. Total revenues declined by ...

  • Anta_Logo
    Article

    Anta Sports’ FY23 operating profit rises 45 percent

    2024-03-28T14:01:00Z

    Anta Sports, bolstered by double-digit sales gains for its Anta and Fila brands, a retail market recovery in China, and increases in both its wholesale and DTC businesses, reported a 45 percent improvement in annual profit attributable to shareholders at 10,954 million yuan renminbi (€1.4bn) for the 12 months ended ...

  • JP Morgan Chase
    News briefs

    JP Morgan forms new sports-focused investment division

    2024-03-24T22:24:00Z

    Global financial firm JP Morgan Chase has set up a new “sports investment banking coverage group” to advise clients in an increasingly lucrative industry, according to an internal memo seen by Reuters. The new team will be co-led by Eric Menell, Managing Director, co-Head of North American Media Investment Banking ...

  • XXL
    News briefs

    XXL completes €43 million share issue amid growth expectations

    2024-03-22T15:35:00Z

    Norwegian sports retailer XXL has completed a targeted new share issue of 500 million Norwegian kronor (€43 million), according to a press release. The subscription price was set at 0.70 Norwegian kronor (€0.06), which aligns with the latest closing price. Among the buyers are venture capital firms Altor, Ferd, and ...

  • lululemonathleticalogovector_470603
    Article

    Lululemon posts strong Q4 results, some Q1 softness in US

    2024-03-22T09:17:00Z

    Lululemon’s operating income increased by 191 percent in Q4 to $913.9 million from $314.4 million for the period ended Dec. 31. Final period net income came in at $669.5 million, and gross margins increased by 430 basis points year-over-year to 59.4 percent. Revenues rose by 16 percent to $3.2 billion ...

  • SBF_Logo
    Article

    Grupo SBF improves key metrics in FY23

    2024-03-21T23:49:00Z

    Brazilian Grupo SBF realized improvement in net debt/Ebitda ratio, inventory level, and cash generation in FY23 as it reported adjusted net profit of 183.5 million Brazilian reais (€33.7m) on a 12 percent increase in revenues to R$8.78 billion (€1.61b) and a 40-basis point improvement in gross margin to 47.4 percent. ...

  • Xtep_company_logo
    Article

    Xtep Intl. annual profit hits all-time high

    2024-03-19T10:25:00Z

    The Chinese group Xtep Intl., which took 100 percent ownership in the Saucony and Merrell businesses in China earlier this year, generated 7.9 percent operating income growth in FY23 to 1,579.9 million yuan renminbi (€201.5m) on 10.9 percent annual revenue growth to RMB 14,345.5 million (€1.83bn). The annual gross margin ...

  • Li-Ning_logo.svgz
    Article

    Li Ning considers privatizing sportswear firm amid market challenges

    2024-03-15T12:18:00Z

    Chinese entrepreneur and former Olympic champion Li Ning is reportedly contemplating the privatization of his sportswear firm listed on the Hong Kong stock exchange, according to sources familiar with the matter. The move would add to a series of similar potential deals amid a challenging market landscape. Li founded Li ...

  • UEFA
    News briefs

    UEFA reports record revenues for top-tier clubs

    2024-02-16T15:28:00Z

    According to UEFA’s latest report, top-tier clubs participating in UEFA competitions have achieved unprecedented revenue levels in the 2021/22 fiscal year. The European Club Finance and Investment Landscape report disclosed that these clubs collectively generated approximately €23.9 billion in revenue during this period, marking a historic high. The staggering figure ...

  • BasicNet-33410-logo
    News briefs

    BasicNet's 2023 revenues rise to €398.6M despite brand revenue dip

    2024-02-15T12:49:00Z

    BasicNet generated consolidated revenues of €398.6 million in 2023, up by 2.7 percent from the year earlier, as aggregate group brands revenues slipped by 10.4 percent to €1.14 billion, preliminary results show. The Italian company, which is the parent of such brands as Kappa, Robe di Kappa, K-Way, Superga and ...

  • Salter-logo
    News briefs

    Salter achieves 20% sales growth, equaling its record in 2020

    2024-02-15T12:44:00Z

    Spanish gym equipment maker Salter saw revenues reach €14 million in 2023, a 20 percent increase from the previous year and the same as in 2020, at the peak of the pandemic crisis, CMDsport has reported. The growth was primarily attributed to the recovery of the B2B sector, which accounted ...