Financial insights for the sporting goods industry – Page 50
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ArticlePuma maintains FY guidance despite 20% sales jump in Q1
Puma said it still anticipates currency-adjusted sales will increase “by at least 10 percent” in 2022, although it left the door open to “upside potential” after posting better-than-expected sales growth in the first quarter. Sales in the first three months of the year increased by 19.7 percent in local currencies, ...
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ArticleSweden’s Löplabbet continues to grow and breaks new records
Intersport Sweden-owned running shop chain Löplabbet closed its books for 2021 with solid growth and new records. For the year, which has been challenging for everyone in the sector, the development was positive in all of the chain’s stores and e-commerce. Source: Löplabbet Stellan Kinell, head of Löplabbet ...
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ArticleBrooks stronger than ever as running industry grows
After ending 2021 with global sales of more than $1.11 billion, Brooks Running expects double-digit year-over-year growth in 2022. Despite ongoing disruptions in the global supply chain impacting the running industry, Brooks claims it will continue to deliver for runners and outperform the competition. In Q1 2022, Brooks took first ...
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News briefs
China Dongxiang sees sales slide in Q4, 2021
China Dongxiang reported a mid-single decline in retail sales at its Kappa and Kappa Kids’ stores in its fourth quarter ended March 31 with same-store sales down similarly. Full-year results were described as negative, with revenues down mid to high-single digits, as same-store sales declined 10 to 20 percent. The ...
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ArticleOriginal Buff is closing out a year of “sales corrections”
In what CEO David Camps is calling a “year of sales corrections,” Original Buff expects to round out its fiscal year 2021-22 this month with revenues of about €55 million, down by 35 percent from the previous year’s record total of €85 million. That boost, he says in an interview ...
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ArticleLululemon aims to double its sales, focuses on international expansion
Lululemon has an ambitious five-year growth strategy that aims to double its sales by 2026, relying heavily on international expansion and quadrupling sales outside North America.
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News briefsNew Wave Group expects to beat Q1 market expectations
Sweden-based New Wave Group, which owns brands such as Craft and Cutter & Back and distributes several others, said in a press release that it is forecasting higher sales and earnings than the market expectations for the first quarter. On April 12, New Wave said its operating profit for the ...
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News briefs
Intersport Spain’s sales up by 1.9% in Q1
According to CMDsport, sales at Intersport Spain were up year-on-year by 1.9 percent, to €57.5 million, for the first quarter of 2022. Full-year sales for 2021 amounted to €246 million, up by 15 percent from 2020 but still 14 percent shy of 2019’s €287 million. Although revenues are but halfway ...
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ArticleWintersteiger returns to profit, plans spin-off of its divisions into independent entities
Wintersteiger, the Austrian supplier of ski rental and ski service systems, reports a return to growth and profit in 2021. After a pre-tax loss (Ebt) in 2020 of just under €10 million and a 26 percent drop in sales, the group was back on track for growth in 2021, reporting ...
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ArticleRevenues up by 18% at Decathlon France, up 21% globally
While global sales reach a new record with €13.8 billion in 2021, France remains the most important market for Decathlon.
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ArticleAnalysis: Sporting Goods Industry stocks fell more than 16% in Q1 2022
According to SGI Europe’s quarterly study of selected public sporting goods industry stocks, their average share price fell by 16.25 percent on a sequential basis in the first quarter of 2022, in contrast with the performance of some major stock indexes during the same period. The Standard & Poor’s 500 ...
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ArticleLululemon keeps chugging, posts first annual profit in the EMEA
Lululemon Athletica, continuing to deal with supply chain and Covid headwinds in 2021, delivered 47 percent topline growth in 2021 to almost $6.26 billion as it initiated strategies to broaden its reach with current, new, and international customers. The annual operating profit rose by 63 percent to $1.33 billion last ...
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ArticleRe-commerce market leader momox increases revenue to €335 million in 2021
The Germany-based, European re-commerce market leader momox continues to be on a growth course and looks back on a successful business year 2021 with an increase in sales to € 335 million. The focus of the past fiscal year at momox AG – the transformation of momox GmbH to a ...
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ArticleTechnogym’s strong wholesale growth driven by three regions
Technogym achieved 42 percent growth in wholesales revenues in 2021 to €145.3 million, driven by South Korea, Thailand, Malaysia, Saudi Arabia, Turkey, India and the central-northern region of Europe. For the year, the Italian wellness company delivered 75 percent growth in net income attributable to shareholders at €63.1 million versus ...
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Article361 Degrees to pump more resources into e-commerce
361 Degrees, which realized 55 percent e-commerce growth in 2021 to 1,227.4 million yuan renminbi (€174.6m), intends to invest more resources and marketing muscle into the segment this year to fuel further growth via exclusive online products and more brand exposure on social media channels. In 2021, net income attributable ...
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ArticleKMD Brands will look to regain growth footing in second half of the year
KMD Brands, which rebranded itself from Kathmandu Holdings Ltd. earlier this month, reported an Ebit loss of NZ$5.5 million (€6.1m) for the six months ended Jan. 31. Total revenues declined by less than 1 percent to NZ$407.3 (€245.2m) as the gross profit margin slid to 57.7 percent from 59.0 percent ...
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ArticleNike encouraged by China, digital momentum as golden anniversary looms
Nike, Inc., which will commence its 50th anniversary in May, exceeded its latest guidance for revenues and diluted earnings per share in the third quarter ended Feb. 28, despite persistent product transit woes into its home North American market and marketplace demand that exceeded the available supply. Net sales grew ...
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ArticleRossignol bounces back in 2020/21
After the as good as ski-free season 2020/21, Rossignol is reporting growth in all markets for the winter now coming to an end. Skiers were back in force at lodges around the world, says the group, which enjoyed year-on-year rises in revenue of 24 percent in North America, 30 percent ...
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ArticleDTC, e-commerce drive topline for Anta Sports Products
Anta Sports Products’ annual operating income rose by 20 percent in 2021 to 10,989 million yuan renminbi (€1.57b) as total revenue increased by 39 percent to RMB 49,328 million (€7.01b). Net income attributable to equity shareholders was 50 percent higher at RMB 7,720 million (€1.16b) for the 12 months ended ...
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News briefsSlinger with losses in Q3 shortly before anticipated app launch
Sports technology company Slinger, known for the Slinger Bag, reported a net loss for the third quarter ended Jan. 31 that widened 84 percent to $2.37 million from $1.29 million on a 2 percent increase in revenue to $4.20 million from $4.12 million. Slinger sold more than 7,200 tennis ball ...
