Financial insights for the sporting goods industry – Page 7
-
ArticleNike says it’s “turning the corner” toward greater profitability
Market chatter about Nike’s 9 percent stock price decline over the last month, recent high inventory levels, and 23 percent drop in market value this year had the bears out in force ahead of the company’s Q1 results yesterday. But Nike reported earnings results ahead of expectations and its senior ...
-
AnalysisAnalysis: The top sporting goods industry performers by sales and profits in Q2 2023
Facing difficult year-over-year comparisons in many cases, 2/3 of entrants reported lower sales from Q2 2022. Find out more with our scorecard.
-
ArticleIntersport Austria with record sales in crisis year
Intersport Austria saw a record turnover of €645 million in the fiscal year 22/23. Its success rests on two strategic pillars. We have the details.
-
News briefsAmer recovers in Spain
After two years of dips, Amer Sports Spain seems to have inverted the curve in 2022, falling just shy of the €60 million or so in revenues it was generating before the lockdowns came into force. According to the VAT-free figures that CMDsport has gathered from Spain’s commercial register, the ...
-
ArticleJD Sports on track for FY profit rise as premium sneaker demand holds up
JD Sports Fashion said it was on track for a 5 percent rise in annual profit as demand for premium leisurewear such as Nike Air Force One and Adidas Samba sneakers pushed half-year sales higher despite the cost of living crisis. The retailer said revenue grew 7 percent to £4.7 ...
-
ArticleKMD Brands’ FY results dimmed by softer consumer sentiment in Q4
Strong sales growth from all three of KMD Brands’ brands – Rip Curl, Kathmandu, and Oboz – was offset by weaker results in the year’s final period, which ended July 31. Annual Ebitda rose 11.2 percent to 200.1 New Zealand dollars (€117.1m), but net profit was essentially flat at NZ$36.6 ...
-
News briefsFormerly pure e-tailer predicts a record year
Deporvillage appears to have returned to double-digit growth in revenues and has accordingly raised its revenue forecast for the current year from €163 to €170 million, according to Modaes and Palco23. Should the crystal ball prove accurate, the retailer will surpass the record year of 2021 with its late-Covid euphoria. ...
-
News briefsInditex gets an H1 boost
Inditex improved its profitability by 40.1 percent in the first half of the year, which ended on July 31. According to Diffusion Sport, the Galician textiles firm’s net income amounted to €2.513 billion on revenues of €16.851 billion – themselves up 13.5 percent. Sales were up on- and offline and ...
-
News briefsGolden Goose posts 21% sales growth in H1
Italian luxury sneaker brand Golden Goose saw its revenues reach €276.4 million in the first half of 2023, representing a 21 percent increase from the same period in 2022 and a 65 percent jump from the first half of 2021. Sales grew double-digit in all the main markets. Sales were ...
-
ArticleZumiez encouraged by some brands in Europe, private label growth
Zumiez, despite reporting a Q2 loss of $8.5 million against a profit of 3.1 million and an 11.6 percent drop in revenues to $194.4 million for the period ended July 29, remains encouraged by key elements of its overall business. Those include “a good trend line” heading into Q4, a ...
-
News briefsXponential Fitness signs deal with Gympass, cites 3-year operating targets
The largest global franchisor of boutique fitness brands has issued new operating targets for 2026 that include systemwide sales of $2.33 billion, revenues of $405 million and adjusted Ebitda of $190.0 million as it opens 500 new studios. Xponential Fitness, which generated a 9 percent increase in Q2 net profit ...
-
ArticleLululemon raises FY outlook; will aim to accelerate its unaided brand awareness
Lululemon, with so many aspects of its balanced approach moving ahead positively, wants to grow its unaided consumer brand awareness around the globe. The company, while keeping its marketing spend “relatively stable,” intends to make further brand investments in H2 that will focus on digital media, in-store and targeted television ...
-
ArticleKlarna’s losses narrow
Swedish payment and shopping service provider Klarna’s total revenue for the second quarter was 5.5 billion Swedish krona (€464.6m), up 17 percent year-on-year, with a loss of SEK 0.9 billion (€76.0m), compared to SEK -3.8 billion a year earlier. “A year ago, we promised to become profitable again, and ...
-
ArticleDecathlon UK continues to grow despite challenging economic conditions
Decathlon has announced its 2022 full-year results for the UK, showing a 6 percent increase in sales despite the pressure of double-digit inflation across Europe, as the company continues to invest heavily in developing its business model. While consumer confidence hit its lowest level in 40 years, Decathlon UK increased ...
-
News briefsBanner FY 2022 at Sprinter
Sprinter’s sales for full-year 2022 exceeded €519 million, for a year-on-year increase of 30 percent, while net profit almost doubled, rising from €18.3 to €34.1 million – all according to Diffusion Sport. The chain also upped its store count in Spain by about 30 to a total of 205. It ...
-
News briefsHardgoods drag down Globe Intl.’s FY revenues
Globe International total sales fell by 15 percent (-17% in constant currency) to A$234.34 million (€139.0m) for the FY ended June 30. Excluding hardgoods, annual revenues rose by 2 percent in constant currency. Ebit declined by 83 percent to A$4.62 million (€2.74m) or 2.0 percent of revenues versus 10.0 percent ...
-
News briefsAthleta’s new President & CEO takes helm as Q2 sales dip
The Gap-owned specialty retailer suffered a 1 percent drop in Q2 sales to $341 million for the period ended July 29, a week before Chris Blakeslee became Athleta’s new president and CEO. Comparable store sales declined 7 percent in the period, an improved trend from Q1, as sales of core ...
-
ArticleFoot Locker committed to Lace Up strategy despite current challenges
Faced with persistent store traffic and conversion challenges, a promotional landscape, and an 11 percent year-over-year increase in inventories, Foot Locker has lowered its financial outlook for the remainder of the FY and paused its dividend for shareholders as it works to get better positioned for the upcoming holiday season ...
-
ArticlePeloton Interactive takes steps to accelerate reach; Q4 loss shrinks
Roadblocks, namely costs associated with a bike seat recall and a separate legal settlement, detracted from Peloton Interactive’s financial recovery in Q4 under CEO Barry McCarthy. But the company is continuing to implement new initiatives aimed at sales and profitability growth and attracting a wider base of younger, fitness-focused consumers ...
-
ArticleXtep Intl. nets H1 profit from Saucony business
Xtep Intl., the publicly traded Chinese company, whose business models consists of its own label for the nation’s mass market and four western brands (K-Swiss and Palladium, globally, and joint ventures for Merrell and Saucony in Mainland China) targeting the premium market, reported a 12.7 percent increase in H1 profitability ...
