Financial insights for the sporting goods industry – Page 7

  • Columbia Sportswear Company
    Article

    Columbia reports Q2 loss, but brand awareness rises in Europe

    2024-07-26T06:24:00Z

    Columbia Sportswear’s guidance for the full year remains unchanged despite a loss in the second quarter.

  • 1200px-Moncler_logo.svgz
    Article

    DTC drives Moncler revenues in H1

    2024-07-25T05:43:00Z

    Moncler generated a 24 percent increase in H1 net profit to €180.7 million from €145.4 million as Ebit rose by almost 19 percent to €258.7 million.

  • polygiene_logo_general_formindfulliving_horisontal_rgb_pos_670869
    Article

    Polygiene’s cost-cutting measures take effect

    2024-07-24T13:25:00Z

    Polygiene turned an operating profit of SEK 2.6 million against a loss of SEK 4.0 million in Q2, as cost-cutting measures and strategic changes made last year began to take effect.

  • perfect-moment
    News briefs

    Perfect Moment lowers annual operating loss

    2024-07-23T12:18:00Z

    British luxury skiwear and lifestyle brand Perfect Moment lowered its annual operating loss by 11 percent to $7.7 million for the 12 months ended March 31.

  • Frasers_Group_Logo
    Article

    Frasers calls FY24 ‘a breakout year’ for future growth

    2024-07-18T13:36:00Z

    Frasers Group, citing its strengthened brand partnerships and the ongoing execution of its “Elevation Strategy,” is eying £575–£625 million in annual adjusted profit before tax for the current fiscal year ending in April 2025.

  • Footway
    Article

    Footway publishes Q2 report, announces sale of Footway+

    2024-07-18T05:52:00Z

    As part of the previously announced strategic review, the Board of Directors of Footway Group AB has decided to sell Footway+ with preferential rights for the company’s shareholders. 

  • SKECHERS CORP_SKX_BLK-logo_copy
    News briefs

    Skechers continues to grow in Iberia

    2024-07-17T14:43:00Z

    Skechers USA Iberia broke €200 million in annual revenues (VAT excluded) in full-year 2023, according to CMDsport.

  • Adidas_Logo.svgz
    Article

    Adidas raises FY forecast after better-than-expected Q2

    2024-07-17T07:33:00Z

    Adidas continues to surf the wave of success of the Q1 report from May. The company’s sales rose 9 percent to €5.822 billion in Q2. The significantly smaller Yeezy business had a negative impact on the year-on-year result.

  • Xtep_company_logo
    News briefs

    ​Xtep sales grow 10% in Q2

    2024-07-17T06:48:00Z

    Chinese group Xtep Intl., which acquired 100 percent of the Saucony and Merrell business in China in December and divested K-Swiss and Palladium in May, said in an operational update on July 15 that retail sales (including offline and online channels) for its core Xtep brand grew 10 percent in ...

  • Logo 361
    News briefs

    361 Degrees’ e-comm continues to exceed expectations in Q2

    2024-07-17T06:36:00Z

    Chinese group 361 Degrees Intl.’s retail sales of its key branded products increased by around 10 percent year-on-year in Q2. Meanwhile, retail sales of 361° Kids grew in the mid-teens in the same period, the company said. The e-commerce platform continued to exceed expectations with year-on-year growth of 30 to ...

  • Asics-logo
    News briefs

    Asics lifts guidance, reports strong first half

    2024-07-13T15:43:00Z

    Bolstered by double-digit sales growth across all global regions in Q2, Asics Corp. raised its full-year guidance late last week. The Japanese group is now forecasting 11.9 percent annual revenue growth to ¥660,000 million (€3.82bn) and a 64 percent increase in operating income to ¥95,000 million (€550.1m) for the 12 ...

  • xxl-asa
    Article

    XXL Q2 sales disappoint, but signs of improvement in Sweden, Norway

    2024-07-12T14:36:00Z

    XXL ASA reported what it described as a “disappointing” sales performance in the second quarter of 2024. Its top line fell by 8.7 percent to 1,776 million Norwegian kroner (€151.7m), led by a decline in purchases of higher-priced capital-intensive goods, particularly bicycles. Sales were also negatively affected by limited product ...

  • adidas sweater
    News briefs

    Commercial revenues flat for Manchester United in Q3

    2024-07-11T08:47:00Z

    For the third quarter ended March 31, Manchester United’s commercial revenues were flat at £69.6 million (€81.6 million). Retail, merchandising, apparel and product licensing were also flat at £28.9 million (€33.9 million), attributable to the Adidas expansion, which was partially offset by lower megastore sales due to nine fewer games ...

  • Anta
    News briefs

    Strong Q2 for Anta Sports

    2024-07-10T13:39:00Z

    The Board of Directors of Chinese sportswear giant Anta Sports announced that its core brand Anta’s sales grew in the high single digits in the second quarter. Retail sales of the Fila brand, which it jointly owns in China through a joint venture with Fila Korea, also did not lag ...

  • Munich_sports_logo
    News briefs

    Munich posts 9% sales growth

    2024-06-28T17:57:00Z

    Spanish sneaker brand Munich recorded sales exceeding €81 million in 2023, representing a 9 percent growth compared to the previous year and an 82 percent increase when compared to 2019, La Vanguardia reported. Growth last year was driven by internationalization and the expansion of its own retail network. Munich opened ...

  • su24-fb-ntc-emea-phase1-jh-stills-usa-home-mainstill-018-vert-hf01-1
    Article

    Nike will aim to recapture mojo with innovation as it lowers FY25 outlook

    2024-06-28T06:05:00Z

    Nike shares tumbled to their lowest level in 636 days to $82.66 in after-hours trading last evening after the company reported a 2 percent drop in Q4 revenues and flat sales in FY24 ended May 31. Ahead of the group’s earnings announcement, which included a downward revision to its FY25 ...

  • KMD Logo
    Article

    Rip Curl showing positive DTC growth in northern hemisphere

    2024-06-22T15:14:00Z

    Rip Curl, despite a “challenging consumer environment,” has generated positive year-over-year, single-digit sales growth in the direct-to-consumer channel in Europe and the US ahead of the peak weeks during the summer season. The brand’s wholesale customers, meanwhile, continue to reduce their inventory levels. Parent KMD Brands said Rip Curl’s global ...

  • Decathlon-logo-
    News briefs

    Decathlon UK makes £2m loss, invests £10m in restructuring measures

    2024-06-22T07:56:00Z

    Decathlon UK reported a 5 percent drop in sales and a 2.5 percent sales decline on a same-store basis in 2023. The British arm of the French-based retailer experienced a full-year loss of £2 million (€2.37m) after investing £10 million (€11.8m) in transformation initiatives. The results were also affected by ...

  • Padel Pro Shop
    News briefs

    Serious sales growth at Pro Padel Shop

    2024-06-14T13:30:00Z

    Padel Pro Shop’s first-half sales for 2024 doubled year-on-year, from €4 million to more than €8 million, according to TradeSport. The e-commerce specialist expects to generate €20 million by year’s end. This would be up from FY 2023’s €10 million. Its verticals, pádel and handball, as founder and CEO Dionisio ...

  • PLANET_FITNESS_Logo
    News briefs

    Planet Fitness secures $800m for strategic refinancing

    2024-06-14T12:35:00Z

    Planet Fitness, Inc. announced that it has completed its previously announced refinancing transaction. The new series of securitized notes consists of $800 million of Class A-2 senior secured notes issued in two tranches: Class A-2-I senior secured notes with an expected redemption date of five years, a principal amount of ...