Financial insights for the sporting goods industry – Page 23

  • Li-Ning_logo.svgz
    Article

    Li Ning’s annual profit inches up on 14 percent revenue growth

    2023-03-20T11:13:00Z

    Li Ning Company realized a 4.9 percent decline in annual operating profit to 4,887 million yuan renminbi (€690.5m) for the 12 months ended Dec. 31 as total revenues increased by 14.3 percent in local currency to RMB 25,803 million (€3.65bn). Retail sell-throughs, including online and offline, lifted higher by a ...

  • foot-locker_416x416
    Article

    Foot Locker Q4 net drops 82%, sets long-term targets and closes Hong Kong stores

    2023-03-20T07:20:00Z

    Under its new president and CEO, Mary Dillon, Foot Locker outlined its financial objectives for FY24 to FY26 before investors in New York. Simultaneously, the group released Q4 and FY22 results and its outlook for the current fiscal year. Operating income declined by 51 percent to $59 million from $121 ...

  • signa-spouni-logo-cmy-color-pos-1-1
    News briefs

    SSU eyes return to profitability in FY24

    2023-03-17T15:12:00Z

    The sports e-commerce company Signa Sports United (SSU) is undergoing a strategic realignment assessment to generate long-term shareholder value that it intends to reveal at the end of Q2 but is projecting an ongoing challenging environment through the remainder of the FY due to inflationary pressures impacting both consumer sentiment ...

  • Beachbody Co logo
    News briefs

    Beachbody’s connected fitness sales tumble

    2023-03-16T07:29:00Z

    U.S.-based subscription health and wellness company Beachbody’s connected fitness sales fell 87 percent in Q4 to just $4.75 million, down from $36.80 million a year ago. For the full year, revenue fell 11 percent from $42.74 million to $38.19 million. The cost of sales still far exceeds revenue, with $10.54 ...

  • Logo 361
    Article

    361 Degrees reports flat FY22 operating income

    2023-03-16T06:12:00Z

    361 Degrees, which is continuing to upgrade its omnichannel retail experience in China, realized an 0.8 percent drop in FY22 operating income to 1,074 million yuan renminbi (€144.9m) against RMB 1,083 million for the 12 months ended Dec. 31. The operating profit margin fell to 15.4 percent from 18.3 percent. ...

  • Yue Yuen
    Article

    Yue Yuen delivers solid FY results, but warns about gathering headwinds

    2023-03-15T07:05:00Z

    Bolstered by its manufacturing segment, Yue Yuen reported a 158 percent increase in annual operating income to $416.8 million in FY22 on a 5 percent revenue expansion to $8.97 billion from $8.53 billion. Net income grew by 106 percent to $293.2 million as the annual gross margin dropped slightly to ...

  • 393_SMP-zumiez-logo
    Article

    Zumiez remains positive on Europe as overall results slip

    2023-03-13T07:02:00Z

    Zumiez, the operator of the Blue Tomato retail chain, is positive about its future in Europe despite losing unspecified millions of dollars in the region in 2022, where the banner’s total sales rose 8.8 percent to €126 million. All category sales were up in the region on a comparable basis, ...

  • BasicNet-33410-logo
    News briefs

    BasicNet FY22 Ebitda rises by 38 percent

    2023-03-10T14:29:00Z

    The parent company of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands reported a net profit of €11.2 million against earnings of €65.7 million for the 12 months ended Dec. 31, including a €60.9 million contribution from K-Way in the year-ago period. Annual Ebitda rose 38 percent to ...

  • Athleta Logo
    News briefs

    Gap Inc. reports drop in sales across brands, Athleta CEO steps down

    2023-03-10T11:00:00Z

    Alongside reporting its fourth quarter and fiscal year (ended Jan. 28, 2023) results, Gap Inc. has announced several changes to its executive leadership teams across its daughters Old Navy, Gap, Banana Republic and Athleta. First and foremost, Mary Beth Laughton, president and CEO of Athleta, left the DTC retailer on ...

  • Allbirds
    Article

    Allbirds’ Q4 loss widens; company sets transformation plan

    2023-03-10T07:58:00Z

    Allbirds completed its first full year as a public company by reporting a $25.5 million operating loss versus an operating loss of $6.4 million in the period ended Dec. 31. The net loss was $24,866,000 against a net loss of $10,444,000. Promotion and the discontinuation of first-generation apparel contributed to ...

  • Adidas_Logo.svgz
    Article

    Adidas faces transition year; results suffer from Yeezy, challenging China

    2023-03-09T07:12:00Z

    Adidas unveils its turnaround plan after 2022 figures suffer from the termination of its Yeezy partnership and a challenging Chinese market

  • Decathlon
    Article

    Decathlon Germany cracks the €1 billion sales mark

    2023-03-08T09:18:00Z

    The German subsidiary of Decathlon has published record sales growth of 28.4 percent in the last fiscal year, with a total of €1.06 billion in 2022. Total EBIT is 30.1 million, with outdoor, mobility, water sports and fitness being the strongest product categories (around 70 percent of total turnover). In ...

  • Zalando_logo.svgz
    News briefs

    Zalando reports a “healthy balance sheet” for 2022

    2023-03-07T16:41:00Z

    Zalando has released its figures for 2022, stating that all financial figures came within the ranges of the updated company guidance despite a challenging economic backdrop. GMV grew 3 percent to 14.8 billion euros in 2022, with revenue stable at 10.3 billion euros compared with a year ago. Adjusted earnings ...

  • Xponential_Fitness_Logo
    Article

    Xponential Fitness posts operating profit in Q4, FY22

    2023-03-06T08:40:00Z

    Xponential Fitness, the global franchisor of boutique fitness brands, reported Q4 operating income of $2.6 million against an operating loss of $26.9 million for the period ended Dec. 31. The Q4 net loss was $367,000 against a loss of $29.8 million. Total revenues rose by 44 percent to $71.3 million ...

  • Atom
    News briefs

    Atom selling 50% abroad in its first year

    2023-03-03T14:46:00Z

    Atom ended its first year of operation with €2.4 million in sales, according to Diffusion Sport, which spoke with the running-shoe brand’s sales director, Antonio Sáenz, at last month’s Micam show. Half of the total consists of export sales, particularly in the U.S., Canada and Mexico, with the Czech Republic, ...

  • Joma-Symbol
    News briefs

    Joma enjoys record 2022, remains prudent on 2023

    2023-03-03T12:52:00Z

    Joma, the Spanish brand with headquarters in Toledo and a historical focus on running, football and tennis, was present as usual at the recent Micam footwear show, which ran on Feb. 19-22 in Milan. Alessandro Annibale, sales director of its Italian subsidiary, was on hand to meet with local retailers ...

  • SBF_Logo.svgz
    Article

    Grupo SBF’s star segment in FY22 is Fisia

    2023-03-03T07:08:00Z

    Grupo SBF, the operator of Brazil’s top sporting goods chain in Centauro that became the country’s exclusive distributor of Nike in Dec. 2020, reported a 16 percent decline in Q4 adjusted Ebitda to 226.6 million Brazilian reais (€42.3m) for the period ended Dec. 31. Gross margin fell to 47.6 percent ...

  • Acushnet-Company-logo
    Article

    Acushnet FY22 sales rise by double digits in all categories

    2023-03-02T16:25:00Z

    Acushnet Holdings Corp., after exceeding the low-end of its annual revenue and Ebitda range forecasts for FY22, has established consolidated net sales guidance of $2,325 to $2,375 million for FY23, a growth range of 2.0 to 7.9 percent year-over-year, and an adjusted Ebitda range of $345 to $365 million. Senior ...

  • vulcabras-logo
    Article

    Vulcabras’ momentum in athletic footwear persists

    2023-03-02T14:41:00Z

    Vulcabras’ Ebitda increased by 47 percent to 176.6 million Brazilian reais (€40.0m) in the final period of FY22. Gross margin improved by 220 basis points to 38.3 percent from 36.1 percent as net income came in at R$214.3 million (€40.0m). Quarterly net revenues were 19.2 percent higher year-over-year to ...

  • Moncler-Logo
    Article

    Moncler Q4 sales top €1 billion threshold

    2023-03-01T16:22:00Z

    Moncler’s sales in the fourth quarter of 2022 increased by 19 percent at constant currency rates to €1,046.3 million and pushed 67 percent above their level in the same quarter of 2019, ahead of the Covid-19 pandemic. The strong fourth quarter sales performance led full-year sales to €2,602.9 million, up ...