Financial insights for the sporting goods industry – Page 4
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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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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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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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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.
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News briefs7 percent sales growth for Canada Goose in Q4
For the full year, Canada Goose’s net income improved 78 percent to C$103.6 million (€69.9m).
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ArticleVF Corp. brands The North Face and Timberland post higher Q4 sales
Timberland revenues grew by 13%, and The North Face reported a 4% constant-currency increase in Q4 sales.
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ArticleJD Sports warns over US tariffs as Q1 sales, FY profits fall
Revenue rose 8.7 percent to £11.45 billion (€13.5bn). Gross margin fell 20 basis points to 47.8 percent reflecting the acquisitions.
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ArticleBjörn Borg rose 9.0% during Q1, shoes showed three-digit growth
The footwear segment improved threefold, growing by 208 percent, and sportswear by 13 percent compared with 2024.
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ArticleAmer Sports hikes FY25 guidance, will navigate import tariffs
The group’s Q1 operating profit rose 97% YOY to $214.2 million from $109.0 million on 23% revenue growth to $1,472.5 million from $1,192.5 million.
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ArticleNorwegian retail back on track, Q1 2025 shows growth
After fighting many economic challenges in 2023 and 2024, Norwegian retailers showed 3.6 percent growth in Q1 2025.
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ArticleGrupo SBF’s adjusted Ebitda slips by 4.9 percent in Q1
The Brazilian group said it was pleased with the performance of its Centauro group in Q1.
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News briefsMisto Holdings reports revenue growth, flat operating profit in Q1
On a constant-currency basis, Q1 sales fell by 3.3 percent.
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ArticleFoot Locker reports $363m loss in Q1
With the group’s $2.4 billion acquisition by Dick’s Sporting Goods slated to close in H2, Foot Locker has reported preliminary Q1 results.
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ArticleAsics’ Q1 operating profit up 32%, European sales up nearly 22%
The Japanese group generated more than ¥200 billion in quarterly sales for the first time.
