Financial insights for the sporting goods industry – Page 7
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ArticleLi Ning posts 3.4 percent increase in annual operating profit
By product category, retail sales of running shoes were up 25 percent year-over-year with fitness footwear up by 6 percent.
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ArticleSales rise slightly in Q1 for H&M
H&M (Hennes & Mauritz) said that in the first quarter ended Feb. 28 net sales rose a reported 3 percent to SEK 55.333 billion (€5.10bn).
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ArticleInternational drives the topline as Lululemon annual sales top $10bn for first time
Markets outside the Americas were vital to Lululemon surpassing annual revenues of $10 billion for the first time in 2024.
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ArticleTechnogym posts strong FY24 results despite geopolitical uncertainties
Year-over-year Ebit rose by 22 percent to €122,962,000 and annual net profit jumped by 15.5 percent.
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News briefsGoldwin raises FY profit forecast despite sales decline
Goldwin is cutting its forecast but expects higher profits in 2025, thanksto improved non-operating income and cost management.
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ArticleRip Curl with DTC growth, while wholesale dropped for KMD due to cautious pre-season buying
Despite a tough first half, the parent of Kathmandu, Oboz and Rip Curl sees positive momentum in DTC and wholesale orders.
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News briefsStella Intl.’s operating income rises by 15.7% in 2024
Stella’s annual operating income rose 120 basis points to 11.9 percent.
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ArticleFila Holdings reports FY24 sales up 3%, rebrands as Misto
Net loss widened to 69,402 million Korean won (48.6 million euros) in Q4.
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ArticleNike’s Q3 result $11.3bn, down 9% – Hill: ‘We’re on the right path’
Nike moving with “focus and urgency,” but sets realistic outlook for complete turnaround.
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News briefsStrong winter and growth throughout the year for Intersport Austria
Intersport Austria reports a strong winter season with a 17 percent rise in ski rentals and robust growth in running.
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ArticleXtep Intl. realigns strategy, raises FY operating profit by 9.3 percent
Saucony’s parent company´s revenue from continuing operations increased by 6.5 percent to RMB13,577.2 million (€1.782b).
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ArticleGrupo SBF’s adjusted Ebitda improves by 27% in FY24
The group was particularly pleased with results from its Centauro segment.
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ArticleKlarna files for IPO in New York
The Swedish fintech company, valued at €13.6b recently, expects to trade on the New York Stock Exchange under the symbol “KLAR.”
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News briefsIn FY24 Golden Goose revenues rose 13%
In the sole fourth quarter, the top line was up by 14 percent to €188.6 million.
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News briefsDutch withdrawal provokes loss in Sprinter’s FY24
Overall revenue growth could not overcome one-off impairments.
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ArticleXponential Fitness loss widens; restates 2023 financials
The changes increased its net loss for the fiscal year to $6.4 million from $1.7 million.
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ArticleZumiez posts Q4 operating profit, but cautious on FY25 view
Gross margin improved to 36.2 percent and comparable store sales grew to 5.9 percent.
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ArticleE-commerce is key growth driver for Vulcabras, 50% growth in e-com
Vulcabras realized 50 percent year-over-year growth in e-commerce in Q4 to 142.1 million Brazilian reais (€22.4m) and a 55 percent increase for the segment in FY24 to R$433.7 million (€68.1m).
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ArticleYue Yuen reports improved FY results on manufacturing rebound
The globe’s largest manufacturer of footwear posted a 47 percent increase in FY24 Ebit to $572.1 million versus $390.2 million for the 12 months ended Dec. 31.
