Financial insights for the sporting goods industry – Page 60
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Article
Fila benefits from improved licensing royalties and Acushnet’s success
Fila Holdings generated group revenues of 1,019,354 million Korean won (€739.4m-$866.2m) in the second quarter ended June 30, up by 63.1 percent on the year earlier, as the Korean-based company’s results continued to benefit from the contribution of its 51-percent owned Acushnet subsidiary and licensing royalties showed a clearly improving ...
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ArticleLi Ning eyes the foreign market after Q1 sales rise by 65%
Li Ning Company saw revenues increase by 65 percent in the first half of 2021 to 10,197 million yuan renminbi (€1,335m-$1,574m) from the year earlier, when its results were heavily influenced by the Covid-19 pandemic. The Chinese sportswear company’s gross margin expanded by 6.4 percentage points to 53.9 percent and ...
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Article
Yue Yuen raises sales and margins, shifting to higher-end products
Shifting to higher-end products, the world’s largest shoe manufacturer managed to raise the average selling price of the products made at its factories by 6.5 percent to $18.37 per pairs in the first half of 2021. This helped Yue Yuen Industrial (Holdings) to expand the gross margin of its footwear ...
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Article
Asics strides forward, especially in Europe
Asics reported higher sales and operating income in several key regions for the second quarter of 2021. The progress was led by Europe, where revenues increased by 56 percent in Japanese yen, followed by increases of 51 percent in North America as well as Greater China as compared to the ...
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Article
Goldwin confirms outlook as Q1 sales grow 40%
Goldwin reported revenues of ¥17,078 million (€131.8m-$154.7m) in the first quarter of its financial year, up by 40.0 percent on the year earlier, and confirmed its outlook for 10.5 percent sales growth for the full year. For the three months ended June 30, the Japanese company also reported an operating ...
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News briefs
Digital drives loss-making Beachbody
In its first financial release since it went public, The Beachbody Company reported revenues of $223.1 million for the second quarter that were just 2 percent higher than in the year-ago period, but 21 percent higher than in the corresponding period of 2019. As compared to a year ago, digital ...
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Article
Descente lifts profit outlook as sales, profits rebound in Q1
Descente raised its guidance for full year profits and maintained its outlook for sales after staging a strong recovery in the top and bottom lines in the first quarter ended June 30. As sporting events resumed, the Japanese sportswear company’s sales increased in the quarter by 44.5 percent to ¥22,481 ...
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ArticleCanada Goose sees sales double in Q1
Canada Goose said it is on track to meet its target for 2022 revenues of over 1 billion Canadian dollars (€681.0m-$799.1m), as its sales doubled in the fiscal first quarter ended June 30 to C$56.3 million (€38.3m-$45.0m) from $26.1 million the year earlier amid significant growth in all geographic regions. ...
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News briefsHelly Hansen and Musto grew by 46% in Q2
Canadian Tire Corporation reported a 45.9 percent increase in external revenues for Helly Hansen and Musto to 100 million Canadian dollars (€68.5m-$80.3m) for the second quarter ended July 3. Outside Canada, the revenues from the two brands amounted to C$95.1 million (€64.7m-$76m), up from C$64.7 million in the comparable period ...
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ArticleSlinger Bag raises new funding to become a major connected sports firm
Slinger Bag, the recently founded supplier of portable tennis ball launchers, reports an oversubscribed round of financing through a private placement of $11 million, giving it a valuation of around $220 million. The new fudning is intended to support its vision to become “a leading connected sports company” with key ...
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ArticleVulcabras’ sales growth accelerates in Q2, driven by athletic footwear
Vulcabras, the Brazilian footwear company that owns Olympikus and has licenses with Mizuno and Under Armour, saw sales growth accelerate in the second quarter of 2021, despite continued headwinds tied to the Covid-19 pandemic. Its revenues soared by 304.7 percent on the year earlier to 399.4 million Brazilian reais (€65.6m-$77.0m), ...
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News briefs
Diadora grows strongly in the U.S.
Diadora is projecting growth in the mid-teens for this year. In 2020, the pandemic led the Italian brand to a decline in consolidated revenues to €138 million from €168 million in 2019. Sales are on the rise particularly in the U.S. and the Benelux countries. In the U.S., Diadora expects ...
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ArticleMizuno’s Q1 sales rise 49.6%, nearly doubling in EMEA
Mizuno Corp. reported revenues of ¥42.9 billion (€331.1m-$387.9m) in the first quarter of its financial year, ended June 30, an increase of 49.6 percent on the year earlier as the company’s business recovered after taking a hit due to the Covid-19 pandemic. Golf clubs and running shoes showed strong growth, ...
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Article
Alpargatas’ Q2 sales jump 71%
Alpargatas, the parent company of Havaianas and Osklen, reported revenues from continuing operations of 1,095 million Brazilian reais (€177.8m-$209.2m) in the second quarter, up by 71.4 percent on the year earlier and 46 percent higher than the second quarter of 2019, led by growth in international markets, the continued expansion ...
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ArticleNautilus’ sales jump 62%, but chip shortage looms
Nautilus, which recently moved the end of its fiscal year to March 31, reported sales of $184.6 million in the first quarter ended June 30, up by 61.7 percent on the year earlier, as sales growth was driven by continued demand for connected fitness bikes and treadmills and “robust” sales ...
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ArticleCallaway’s sales are boosted by Topgolf and a strong golf market
Thanks in part to the addition for the first time of Topgolf, whose revenues nearly doubled, the revenues of Callaway Golf surged by 208 percent to $914 million in the second quarter ended June 30 as compared to a year earlier, when Covid-19 restrictions and shutdowns had a significant impact. ...
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ArticleDiving turns around at Johnson Outdoors
Johnson Outdoors reported a rise in third-quarter sales and profits, driven by a continued recovery in fishing, camping and water recreation. At the same time, diving showed signs of a turnaround as Covid-19 travel restrictions were further eased. The diving segment’s revenues almost doubled from a year ago, rising ...
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Article
Champion grows by 120%
Hanesbrands has reported a drop in net income to $128.7 million for the second quarter ended July 3 from $161.2 million in the year-ago period, largely due to charges of $43.8 million related to the divestiture of its European Innerwear business. On an adjusted basis, income from continuing operation rose ...
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ArticleIntersport grows by 32.2% in Q2
The Intersport banner enjoyed a strong recovery in the second quarter on a global basis. Intersport International Corp. reports a 32.2 percent overall increase in the retail members’ sales during the second quarter of 2021, achieving an almost similar level as in the second quarter of 2019. The strong growth ...
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Article
Acushnet’s Q2 sales soar by 108%
Acushnet Holdings reported sales of $624.9 million in the second year, up by a reported 108.3 percent on the year earlier and 99.9 percent higher in constant-currency terms, as the company racked up another “terrific” quarter and outpaced its guidance of a 70 to 80 percent rise in its top ...
