Financial insights for the sporting goods industry – Page 16
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News briefsBasicNet’s H1 Ebitda falls by 22 percent
The Italian group ended the first six months with €-93.1 million and forecasts H2 results to be flat year over year.
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ArticleFitness, automotive segments drive Q2 sales at Garmin
Garmin adjusted its FY guidance after reporting operating income growth of 20 percent on a 14 percent total revenue expansion in Q2.
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ArticleAdidas’ results in step with earlier guidance
The preliminary Q2 results published in mid-July were confirmed with the official figures: The group posted sales growth of 8.9% to €5.82 billion.
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ArticleBrooks Running rebounds in EMEA
The Seattle-based company recorded sales growth of 4 percent in the second quarter and achieved record global sales with an increase of 15 percent compared to the same quarter of the previous year.
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ArticleGrupo SBF turns a profit in Q2, improves key figures
The Brazilian group hit historical net revenue, gross income, Ebitda and net income for the period ended June 30.
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News briefsMacron posts 19% sales growth in the first half
The Italian sportswear brand Macron achieved sales of EUR 93 million in the first half of 2024 and generates more than 80 percent of its sales outside its home country.
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ArticleEMEA paces Skechers’ sales growth in Q2
Skechers sets a new sales record in Q2 with growth in both wholesale and DTC around the world.
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News briefsKappa sales decline for China Dongxiang in Q1
Sportswear company China Dongxiang reported a mid- to low-single-digit decrease in retail sales for its Kappa and Kappa Kids’ stores during Q1 ended June 30. Additionally, same-store sales saw a mid-single-digit decline. By the end of the quarter, the company operated 1,003 stores, nine fewer than in the previous quarter.
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News briefsSprinter continued to grow in FY23
According to Diffusion Sport, Sprinter generated €585.8 million in sales for its full year 2023, which extended from February 2023 to January 2024. This figure represents a rise of 13 percent year-on-year and 100 percent from the pre-lockdown year of 2019. Net profits amounted to €37.9 million, up about 11 ...
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ArticleAnother strong quarter for Deckers as Powers’ era ends
Deckers raises its forecast for FY25 after double-digit sales gains for both its Hoka and Ugg brands.
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ArticleColumbia reports Q2 loss, but brand awareness rises in Europe
Columbia Sportswear’s guidance for the full year remains unchanged despite a loss in the second quarter.
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ArticleDTC drives Moncler revenues in H1
Moncler generated a 24 percent increase in H1 net profit to €180.7 million from €145.4 million as Ebit rose by almost 19 percent to €258.7 million.
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ArticlePolygiene’s cost-cutting measures take effect
Polygiene turned an operating profit of SEK 2.6 million against a loss of SEK 4.0 million in Q2, as cost-cutting measures and strategic changes made last year began to take effect.
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News briefsPerfect Moment lowers annual operating loss
British luxury skiwear and lifestyle brand Perfect Moment lowered its annual operating loss by 11 percent to $7.7 million for the 12 months ended March 31.
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ArticleFrasers calls FY24 ‘a breakout year’ for future growth
Frasers Group, citing its strengthened brand partnerships and the ongoing execution of its “Elevation Strategy,” is eying £575–£625 million in annual adjusted profit before tax for the current fiscal year ending in April 2025.
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ArticleFootway publishes Q2 report, announces sale of Footway+
As part of the previously announced strategic review, the Board of Directors of Footway Group AB has decided to sell Footway+ with preferential rights for the company’s shareholders.
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News briefsSkechers continues to grow in Iberia
Skechers USA Iberia broke €200 million in annual revenues (VAT excluded) in full-year 2023, according to CMDsport.
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ArticleAdidas raises FY forecast after better-than-expected Q2
Adidas continues to surf the wave of success of the Q1 report from May. The company’s sales rose 9 percent to €5.822 billion in Q2. The significantly smaller Yeezy business had a negative impact on the year-on-year result.
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News briefsXtep sales grow 10% in Q2
Chinese group Xtep Intl., which acquired 100 percent of the Saucony and Merrell business in China in December and divested K-Swiss and Palladium in May, said in an operational update on July 15 that retail sales (including offline and online channels) for its core Xtep brand grew 10 percent in ...
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News briefs361 Degrees’ e-comm continues to exceed expectations in Q2
Chinese group 361 Degrees Intl.’s retail sales of its key branded products increased by around 10 percent year-on-year in Q2. Meanwhile, retail sales of 361° Kids grew in the mid-teens in the same period, the company said. The e-commerce platform continued to exceed expectations with year-on-year growth of 30 to ...
