Financial insights for the sporting goods industry – Page 12
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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.
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ArticleAdidas Q3: Ready to deliver revenue growth of 10%
In its Q3 report, Adidas says it is examining a business model focused on a new generation of consumers and is ready to deliver currency-neutral revenue growth of approximately 10% in 2024.
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ArticleVF Corp.’s turnaround continues to take shape
VF Corp. continues to make progress on its turnaround plan, delivering sequential sales improvement, a year-over-year increase in gross margin, and a 13 percent reduction in inventories in the second quarter that ended September 30.
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News briefsAdidas' debt rating outlook raised as H1 results exceed expectations
S&P Global Ratings revised the outlook for the debt ratings of Adidas AG to stable from negative.
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News briefsYue Yuen gives positive profit warning
The company said it has been optimizing its staffing levels relative to the demand in its order pipeline.
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ArticleFenix Outdoor reports mixed Results in Q3
In Q3, sales in the branded segment declined 21%, while the retail segment varied by region.
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ArticleSkechers sees rebound in India, stumbles in China in Q3
Overall, Skechers’ revenues in the third quarter rose by 15.9 percent to reach $2,347.7 million.
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ArticleHoka continues to shine and makes Deckers raise guidance in better-than-expected Q2
Deckers raises its sales and earnings guidance for the full fiscal year as the growth of its Hoka brand continues to accelerate.
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News briefsSaucony sales makes Xtep Intl. to update it's Q3
The Chinese sports brand, which owns the Chinese rights to Saucony, K-Swiss, and Merrell, updated its Q3 numbers after seeing sales rise.
