Financial insights for the sporting goods industry – Page 14
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News briefsKlarna cuts losses, adds 68,000 merchants
The payment and shopping platform significantly reduces losses and gains 68,000 new vendors, showing solid financial improvement and growing market presence.
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ArticleAnta Sports reports flat H1 operating profit despite 14% sales growth
The Chinese group sees profit and sales growth despite flat margins, driven by strategic retail expansion and strong performance across all brands.
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News briefsBjörn Borg updates financial targets
The annual sales growth target is raised by 5 percent, the Swedish brand has announced.
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News briefsTemu's parent PDD Holdings warns of slowing growth
Is the giant losing momentum? Although PDD Holdings, owner of online marketplace Temu, has reported rising income, company spokespersons warn about the future.
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C-Suite InterviewNew Wave Group CEO on the company’s US plans and the desire to acquire more sports brands
New Wave Group, proprietor of Craft and Tenson, has started teamwear sales in the US. An interview with CEO Torsten Jansson.
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ArticleSuper Retail Group’s FY net falls by 11 percent
The Australian operator of four retail formats suffered an 11 percent drop in net profit after tax to A$242 million (€146.9m) for the 12 months ended July 1. Annual Ebit was down by 9 percent to A$400 million (€242.2m) for the group, which owns Rebel Sport, BCF, and Macpac. Total ...
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ArticleXtep Intl. moving forward with three-prong strategy in China
Saucony and Merrell generated a 72 percent year-over-year increase in sales in H1.
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News briefsDunlop Sports’ results fueled by golf, wellness segments
Golf sales were higher year-over-year, helped by the launch of the 13th generation XXIO club in Japan and North America.
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News briefsJD Sports maintains Ebit guidance but cites volatile environment
The UK-based group maintains its annual profit outlook amid global volatility, reporting solid Q2 growth driven by strong European, North American and Asia-Pacific sales.
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News briefsSports category boosts Stella Intl. in H1
The Chinese group received a lift from the sports category in the first half of the financial year.
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ArticleAlibaba upgrades its secondary listing
The Chinese operator of the world’s largest online trading platforms is upgrading its Hong Kong listing to attract Chinese investors from the mainland.
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ArticlePeloton won’t chase unprofitable subscribers as CEO search continues
In Q4 ended June 30, the group reported flat year-over-year revenues at $643.6 million versus $642.1 million.
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ArticleGlobe eyes stronger sales outside Australia in FY25
Annual Ebit of the multi-brand skate, surf and swimwear company increased by 12%.
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News briefsKMD Brands reports preliminary FY results
KMD expects FY24 Ebitda of NZ$49-51m as sales drop 11.2%. Rip Curl and Kathmandu showed Q3/Q4 improvement, but margins fell 30 basis points.
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ArticleAmer Sports raises forecast, Ball & Racquet Sports sees moderate growth
Arc’teryx drives Amer’s Q2 success, boosting stock by over 10 percent and leading to an upgraded full-year forecast with strong growth in Technical Apparel.
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ArticleAlibaba Group reports mixed results for quarter, cloud revenue leading growth
Alibaba’s Q2 shows growth in cloud and AI business, but profitability suffers from the company’s significant investments and market challenges.
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News briefsShoes lifted Björn Borg in Q2
The sports fashion brand delivered an even stronger second quarter than Q1, with sales increasing 30%.
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News briefsLi Ning lowers FY outlook as H1 profit dips
China’s largest sportswear maker Li Ning suffered a 3.0 percent decline in H1 operating profit to 2.40 billion yuan renminbi (€304.8m) versus RMB2.48 billion for the six months ended June 30. The net profit fell 8.0 percent to RMB1.95 billion (€247.7m). Ebit tumbled 6.7 percent to RMB2.61 billion (€331.6m) from ...
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ArticlePerfect Moment prepares for bigger US business
The British luxury brand expands its US presence with a SoHo pop-up and new distribution centers, aiming to boost its luxury skiwear brand across major cities.
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ArticleNew Q2 record for New Wave Sports, investment in US market launched
Swedish brand New Wave Sports made a total net sales of SEK 2.397.9 million (€208.2m) in Q2 and is looking for more acquisitions in the sports segment.
