Financial insights for the sporting goods industry – Page 11
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ArticleCanada Goose results impacted by weak DTC comps
The Canadian group’s Q2 saw a 30% drop in operating income amid declining wholesale and DTC sales, but a tax recovery lifted profitability by 54% to C$6.3M.
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ArticleAlpargatas turns Q3 profit as international, Rothy’s improve strongly
Alpargatas, the parent company of flip-flop brand Havaianas, is on the right move again.
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News briefsGoldwin six-month operating profit dips by 14 percent
Goldwin reported a 14.1 percent drop in operating profit to 5,214 million yen (31.5 million euros) from 6,070 million yen for the six months ended September 30.
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ArticleAllbirds lowers operating loss as turnaround moves forward
Allbirds group’s Q3 operating loss was $21.8 million against a year-ago loss of $30.1 million for the period ended Sep. 30.
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ArticleUnder Armour’s turnaround strategy taking shape
With Kevin Plank in the lead Under Armour is gaining speed. In Q3 the company reports a 24 percent increase in Q2 operating income to $173.1 million from $139.5 million for the period ended Sep. 30.
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ArticleNew Wave expects ‘a few more challenging quarters’ as sports & leisure Q3 sales flatline
Sweden-based New Wave, which counts Craft, Cutter & Buck and Ahead among the brands in the sports & leisure segment, saw promotional sales in the segment rise by 7 percent.
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ArticleXXL sees some recovery in Sweden, reports another loss
The struggle to reach profitability for Scandinavin sporting goods retail group XXL is far from over. In Q3, ended Sep. 30, group Ebit was NOK -191 million (-€16.0m) versus NOK -155 million in the year-ago period.
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ArticlePuma maintains FY24 outlook as Q3 sales rise in all regions
The Puma group continues to expect a mid-single-digit (ca) annual sales increase and an FY24 Ebit range of €620 to €670 million, flat to up 7.8 percent for the period.
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ArticleVulcabras’ profit rises 35 percent in Q3
The Brazilian footwear group’s Ebitda margin expanded by 90 basis points to 25.1 percent for Q3. The company’s gross margin inched up by 20 basis points to 43.1 percent from 42.9 percent.
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ArticleZalando reports solid growth in B2C and B2B in Q3
The online retailer’s Q3 revenue grows 5% to €2.4bn, with strong gains in B2C and B2B. Investments in loyalty and lifestyle boost customer engagement.
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News briefsRVRC sees strong sales growth in September
The DTC outdoor company reports solid September growth and prepares for new product launches in a seasonally strong quarter.
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ArticleGildan sales outside North America increase by 20% in Q3
Gildan, the Canadian activewear group, reports Q3 operating income up 24.5 percent.
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News briefsBasicNet’s nine-month Ebitda dips by 9 percent
The group expects Q4 results to be essentially flat with year-ago results.
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ArticleMoncler nine-month sales rise by 6 percent
The Italian luxury group reported a 6% revenue rise over nine months, led by robust direct-to-consumer sales and substantial gains in Asia, despite challenges in Japan.
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ArticlePeloton beats Q1 guidance, hires new president and CEO
Peloton boosts FY25 outlook as it appoints Apple veteran Peter Stern to lead in January, with Q1 showing improved margins and cash flow turnaround.
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ArticleColumbia Sportswear reports margin improvement despite sales decline in Q3
Columbia Sportswear saw a 5% revenue decline in Q3, but it boosted its gross margin thanks to lower freight costs and a favorable sales mix. Despite lower US demand, growth in EMEA and LAAP regions balanced results.
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News briefseBay reports strong Q3 growth with key investments
The company posted a 3% revenue rise in Q3 2024 and enhanced AI-driven features and capital programs to empower sellers and fuel growth.
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News briefsBrooks Running global revenues top $1 billion for nine months
The Seattle-based running specialist hit a major sales milestone ahead of Q4, with double-digit gains in EMEA and North America.
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ArticleGarmin posts double-digit sales gains in all segments
The Swiss company boosted its annual forecast again after a stellar Q3, with operating income up 62% and net income up 55% on double-digit growth across all segments.
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ArticleCrocs cautious on FY sales outlook as Heydude recovery drags on, China growth slows
Crocs reports strong third-quarter results. Heydude is lagging behind, while international sales are fueling growth for the Crocs brand. The outlook for the Chinese market is more cautious in light of shifting demand.
