Financial insights for the sporting goods industry – Page 68
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ArticlePuma confirms recovery path
After a poor first half and a solid third quarter, Puma remained on the right track in the fourth quarter of 2020, with revenues up by 9.1 percent in constant currencies to €1,520 million and a jump in the net income of 38.8 percent to €24.7 million. The management gave ...
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ArticleCrocs’ profits soar on record sales
Crocs is still enjoying a strong momentum as its fourth-quarter revenues jumped by 56.5 percent from the year-ago quarter to a record level of $411.5 million. In constant currencies, they gained 56.1 percent.The number of pairs sold during the quarter grew by 38 percent to 18.9 million, and their average ...
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Article
A stellar year for Nautilus
Nautilus just had one of the best years in its history, due to customers shifting to home equipment during the pandemic, as numerous gyms were temporarily closed. The company posted net income of $28.9 million in the fourth quarter, up from $3.5 million in the year-ago period, as sales soared ...
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News briefs
Dunlop’s parent sees weak sports sales
Sumitomo Rubber Industries’ sports division, which includes Dunlop, Srixon and XXIO, saw its revenues fall by 9 percent in the fourth quarter ended Dec. 31 to ¥20.5 billion (€160.3-$195.8m). The segment’s operating profit reached ¥1.1 billion (€8.6m-$10.7m), down from a profit of ¥2.0 billion last year. Golf and tennis sales ...
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News briefs
Yonex’ revenues drop by 8%, but Europe is up slightly
Yonex’ sales declined by 8 percent to ¥13.6 billion (€106.3m-$130.4m) for the third fiscal quarter ended Dec. 31. In North America, revenues dropped by 8 percent, despite higher tennis sales after Naomi Osaka won the U.S. Open using a Yonex racquet. In Japan, revenues fell by 7 percent due to ...
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News briefs
Globeride raises guidance
Globeride, the owner of Daiwa fishing products, continues to ride a strong momentum, boosted by the fishing craze that followed lockdowns. Revenues for the third fiscal quarter ended Dec. 31 surged by 37 percent to 25.9 billion yen (€202.5m-$245.6m). Fishing gear proved popular, especially in the entry-level range. In the ...
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Article
Moncler’s annual sales down 12%, despite a good Q4
Moncler returned to growth in the fourth quarter, growing by 8 percent to €675.3 million, led by Asia and the Americas. On a constant-currency basis, they improved by 7 percent. The company benefited from the strong expansion of the Chinese market, growth in Korea and Japan, plus a robust e-commerce ...
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Descente lowers full-year sales guidance
Descente saw its profits surge in the third fiscal quarter ended Dec. 31, 2021, with net income soaring by 172.8 percent to 4,828 million yen (€37.8m-$45.7m). This was mainly due to extraordinary income of ¥7,535 million linked to the reorganization of its Descente China Holding joint venture with Anta Sports ...
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Article
Garmin’s fitness and outdoor sales surge
Robust demand for advanced wearables and cycling products helped Garmin to post record results for the fourth quarter of 2020. The Swiss-based company, which also makes equipment for the aviation and automotive industries, reported that its total sales rose by 23 percent to $1,351 million for the 13 weeks to ...
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News briefs
Falling sales for Goldwin
Goldwin is projecting decreases of 10.1 percent in sales and 28.5 percent in operating profit for the financial year ending on March 31. In the nine months through Dec. 31, 2020, its net sales declined by 8.7 percent to 69.2 billion yen (€540m-$660m), leading to a 16.2 percent drop in ...
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News briefs
Sales slump by 14% at Spain’s Forum Sport chain
The coronavirus pandemic led Forum Sport, one of Spain’s major sporting goods retail chains, to book a 14 percent decline in gross revenues in 2020. They went down to €130.1 million, but the group’s online sales jumped by 80 percent, making up 24 percent of the total turnover. The company, ...
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ArticleRip Curl continues to support Kathmandu’s performance
The acquisition of Rip Curl in October 2019 was a good move for Kathmandu Holdings. In a preliminary trading update, the Australian group said that its revenues for the six months ended on Jan. 31, 2021, progressed by 12 percent from the year-ago period, as Rip Curl’s strong performance offset ...
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Article
Intersport fell by 8% in five markets last year
Intersport’s sales declined by 8 percent to just over €3 billion during the financial year ended last Sept. 30 in the five countries steered by the Intersport Deutschland retail cooperative: Germany, Austria, Hungary, the Czech Republic and Slovakia. Double-digit declines in April and May, when stores were closed due to ...
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Article
Sport 2000 grew by 5% in five countries
The Sport 2000 GmbH sports retail organization, which covers the five countries of Germany, Switzerland, the Netherlands, Belgium and Luxembourg, was able to generate a small growth of 2 percent in the overall business volume during the 2020 crisis year. The growth was driven primarily by the accession of major ...
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ArticleRapala bounced back in H2
The Finnish manufacturer of fishing lures had a difficult start in 2020, ending the first six months with a net loss of €3.8 million due to the impact of lockdowns. But in the second half, business conditions picked up for Rapala VMC, as fishing gained popularity as an activity that ...
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Article
Callaway records higher losses but sales soar
Callaway Golf Co. saw its net loss in the fiscal fourth quarter deepen to $40.6 million, compared with a loss of $29.2 million last year. However, sales surged by 20.2 percent to $374.6 million, led by strong demand in the golf equipment segment and a quicker-than-expected recovery in the softgoods ...
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ArticleRobust sales and earnings for Thule
The Swedish-based Thule Group saw its sales soar by 32.6 percent in the fourth quarter of 2020 to 1,605 million Swedish kronor (€159.3m-$193.2m), and they were up 44.6 percent in constant currencies. Net income jumped to SEK 164 million (€16.3m-$19.7m) from SEK 30 million for the fourth quarter of 2019. ...
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Article
Better-than-expected sales for Champion’s parent company
Hanesbrands, the parent company of Champion USA, saw its revenues for the fourth quarter grow by 2.9 percent to $1.8 billion, led by Champion. The revenues were well ahead of Wall Street’s consensus of $1.6 billion and caused the share price to surge by 25 percent. However, the company ended ...
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Article
Peloton jumps further, plans a bond issue of up to $1 billion
After reporting on another profitable quarter in which its revenues topped the $1 billion threshold, Peloton Interactive announced the launch of a convertible bond issue that may total $1 billion through a private placement intended to reduce any dilution of the shareholders’ current holdings. It will consist of an initial ...
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Brooks grew by 27% in 2020
Sales went up by 27 percent to nearly $850 million at Brooks Running last year, leading the American company to win market shares thanks to consumer insights gained through its Run-Sight Lab and the quick deployment of a multi-channel sales and marketing strategy. The consumer research helped the brand to ...
