Financial insights for the sporting goods industry – Page 3
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ArticleFenix Outdoor widens losses in Q2 despite brand growth
Fenix Outdoor posts deeper Q2 losses as global sales slump, despite strong brand momentum and modest growth in Nordic retail.
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ArticleFrasers Group meets profit forecast despite sluggish consumption
Frasers Group successfully navigates difficult market conditions. The British company has increased margins despite declining sales.
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News briefsS&P lowers Nike’s rating
S&P believes Nike will require “multiple years to regain the market share lost to both apparel and footwear competitors”.
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ArticleKingmaker swings to a loss, for several reasons
The result marks a sharp turnaround from the HK$20.22 million profit recorded the previous year.
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News briefsNBA’s basketball-related revenue falls short this season
Players with the highest salaries will be suffering the largest pay cuts.
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ArticleBosideng grows by double digits, with focus on functional fashion and AI
China’s leading down clothing brand, Bosideng, reports double-digit growth in revenue and profit for FY 2024/25.
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ArticleSellpy grew 35% in 2024 but is unprofitable
The Swedish online company increased its turnover to €160 million in 2024, but at the same time, the company’s losses increased.
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ArticleLager 157 made €43m in profit 2024
Sales increased by 28 percent and landed at SEK 3.5 billion. Pre-tax profit was close to half a billion kronor but ultimately landed at SEK 478 million (€43 million).
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ArticleAs ‘Win Now’ strategy gains traction, Nike’s Q4 FY25 likely hits a low
At FY end, Nike’s inventories were essentially flat at $7,489 million versus $7,519 million a year earlier. Despite the dreadful numbers, Nike shares increased 9.6 percent in after-hours trading.
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News briefsAnnual sales up 2% at El Corte Inglés
El Corte Inglés generated revenues of €16.7 billion for fiscal 2024/25, ended on Feb. 28, according to Diffusion Sport.
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News briefsLululemon downgraded by Morgan Stanley
The downgrade comes as Lululemon’s shares fell 19.8 percent on Friday, June 6.
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News briefsSales up 6.3% at Intersport France for FY24
Online sales were up by 16 percent, thanks to 100 million visits to Intersport’s website and 2.88 million visits to Blackstore’s.
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News briefsAccelerated growth for Perfect Moment in fiscal Q4
The luxury skiwear and lifestyle brand expects revenues to increase 3% to $5.0 million in the final fiscal quarter ended March 31.
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News briefsManchester United's retail sales rise in Q3
Another tough season on the pitches. But economically Man United keeps doing well.
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ArticleLululemon cuts FY forecasts as Trump tariff policy starts to hurt
The company now expects annual profit between $14.58 and $14.78 per share, compared with previous guidance of $14.95-$15.15.
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ArticleZumiez starts Q2 slowly as international business lags
Comparable sales for North America increased by 5.1 percent in the period while comparable international sales slumped by 14.8 percent.
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ArticleFoot Locker reports Q1 loss as ‘soft’ Europe drags down comparable sales
Two weeks after entering into a definitive merger agreement with Dick’s Sporting Goods, Foot Locker formally reported results for the period ended May 3.
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News briefsGloberide posts higher FY25 sales, profits in Europe
The parent company, which includes Daiwa and Prince, reported a 10.5 percent Y-O-Y sales growth in Europe to ¥16,295 million (€99.8m) in FY25.
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ArticleTopsports International’s FY operating profit sinks by 43%
Topsports’ annual operating profit slipped by 43 percent to 1,529.7-million-yuan renminbi (€194.8m).
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ArticleDeckers’ Q1 sales rising less than expected as tariffs start to bite
Sales in the first quarter will rise to $890-$910 million from the $825 million reported the year before.
