Financial insights for the sporting goods industry – Page 54
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C-Suite InterviewMathias Boenke: New Balance sees European sales of €1 bn doubling
New Balance recently predicted that its sales would grow by about 30 percent to $4.5 billion in 2021, which would likely keep it as the sixth largest sports brand in the world. Reaching a new record level, a similar increase was booked last year in Europe, said Mathias Boenke, a ...
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News briefs
Kappa has not been doing well in China
China Dongxiang struggled with the Kappa brand, for which it holds the rights in China, during the third quarter ended Dec. 31. The company indicated that retail revenues at Kappa and Kappa Kids stores in China declined by the mid-teens during the period, and that they were off by a ...
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Article
With new members, Intersport Germany predicts over 5% annual growth
Intersport Germany predicts that its retail members will be able to achieve annual growth of more than 5 percent between now and 2025, with significant double-digit growth online, benefitting from the development of the “360° Intersport ecosystem,” new omni-channel services and the broad rollout of better store formats. The 800-odd ...
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Article
Driven by Europe and China, Asics ups its guidance
Asics has improved its guidance for the past financial year, due to better-than-expected results in the Performance Running and Core Performance Sports categories, as well as in Europe and Greater China. Higher sales and operating results than previously forecast should lead the company to report a net profit of around ...
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Article
Nice Footwear posts positive results despite headwinds
Nice Footwear, an Italian producer of mass and premium sneakers for international brands that went public Nov. 18, announced ”substantially positive” first-half results despite the negative impact of the Covid-19 pandemic and rising shipping costs and duties. In the six month ended Oct. 30, 2021, the Italian footwear group reported ...
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Article
VF Corp. cuts sales guidance after a good quarter
VF Corp. - the owner of brands such as Vans, The North Face and Timberland - cut its sales guidance for the financial year ending in March 2022 to $11.85 billion from a previous $12.0 billion, as it once again lowered the forecast for its Active segment, led by Vans, ...
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Article
ANWR reports higher sales in sports and leathergoods, not at shoe shops
The high degree of diversification across many businesses, industries and regions again helped the ANWR Group in the pandemic. In 2021, the group increased its total business volume by 11 percent to €19.8 billion, and the financing of centralized settlement operations by its DZB Bank and Aktivbank were the main ...
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ArticleSigna Sports United predicts a temporary sales decline, due to supply chain constraints
Signa Sports United (SSU), the world’s leading sports e-tailer, reported a 10 percent increase in total revenues to €247 million in the fourth quarter of its fiscal year, ended Sept. 30, 2021, despite supply constraints for full bicycles, as it continued to benefit from resilient consumer demand across its verticals. ...
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ArticleStrong global growth and positive outlook for Intersport
Retail sales grew by 20.7 percent in 2021 to a new record of €12.2 billion (including VAT) for the retailers affiliated with Intersport International Corp. (IIC). In terms of local currencies, sales went up by 19.4 percent for the year, with growth of 20.4 percent in the second half after ...
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Article
U.K.-based American Golf grows strongly
American Golf, which claims to be the largest golf retailer in Europe, has reported an exceptional 55 percent increase in revenues for the fourth quarter of 2021 as compared to the same period of 2019, indicating that the Covid pandemic has given a strong impulse to the game of golf. ...
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News briefs
Puma grew by 14% in Q4 and by 32% in 2021
In a preliminary statement, Puma reports a currency-adjusted sales increase of about 14 percent to €1,767 million in the fourth quarter of 2021, leading to an improved operating profit of €65 million for the period, up from €63 million in the corresponding quarter of 2020. The results were achieved in ...
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News briefs
Stella International grows by 44.9%
A sales increase in consolidated revenues of 44.9 percent to $405.8 million in the fourth quarter of 2021 is expected to lead to an increase of 35.6 percent to around $1.5 billion for the full financial year, said Stella International, thanks to a continued recovery in orders for its shoe ...
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Article
Chinese sports companies are doing relatively well
Some Chinese sports companies indicated that their results improved in the fourth quarter of 2021, just as China’s National Bureau of Statistics announced a better-than-expected increase of 4.0 percent in the country’s gross domestic products for the period, in spite of Covid and other challenges, leading to a growth in ...
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Article
New memberships and online sales support Sport 2000 Austria’s growth
Sport 2000 Austria looks back on a rather successful calendar year 2021, considering the circumstances, growing for the second year in a row during the pandemic. The turnover figures for 2021 were better than expected, and according to the buying group’s CEO, Holger Schwarting, the positive development should continue in ...
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News briefs
Deporvillage posts record sales again
Deporvillage has met its targets and wrapped up an 11th consecutive year of growth. As CMDsport reports, revenues for 2021 amounted to $160 million, for a 40 percent year-on-year increase, and total customers worldwide now exceed 2.5 million, thanks to 700,000 new ones. The Spanish mutichannel sports e-tailer carries 100,000 ...
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ArticleJD again raises its profit forecast
JD Sports Fashion said it expects that its pre-tax profit for the financial year ending Jan. 29 year will reach a level of at least £875 million (€1,050m-$1,197m), well ahead of the analysts’ consensus averaging £810 million, as its sales went up by more than 10 percent on a same-store ...
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News briefs
More manufacturing offsets a drop in retail at Yue Yuen
In releasing its monthly revenues, Yue Yuen said it finished the 2021 calendar year with an increase of just 1.1 percent in total revenues to $8,533.4 billion, with a drop of 2.1 percent in December. Calculations indicate that the group’s shoe and components manufacturing operations booked a sales increase of ...
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News briefsBlue Tomato’s parent grows strongly
Zumiez’ international sales, which are concentrated in Europe and Australia, grew by 45 percent year-on-year and on a comparable store and currency-neutral basis during the nine-week period ended Jan. 10. With its sales in North America going up by 5 percent, the action sports retailers’ total sales were up by ...
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ArticleTradeinn logs another big rise in annual revenues
Tradeinn enjoyed a stellar year in 2020, as pandemic restrictions played to the strengths of the Spanish e-tailer’s business. The results for 2021, however, surprised even its CEO, David Martín, as he confessed to CMDsport. What Martín calls the “doping” effects of the pandemic produced a 52 percent increase in ...
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News briefs
Lululemon warns about its guidance
Lululemon is now predicting that its revenues and earnings per share will be on the low end of the previously forecast ranges for the fourth quarter of 2021, blaming the Omicron variant of Covid for increased capacity constraints, more limited staff availability and reduced operating hours at certain stores. The ...
