Financial insights for the sporting goods industry – Page 8
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ArticleArc’teryx delivered over $2bn in FY24 revenues for Amer Sports
A financial turning point in Amer Sports’ journey occurred in Q4. Arc’teryx is still the strongest brand in Amer’s portfolio.
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ArticleTopgolf Callaway Group FY25 results will be impacted by currency, tariffs
The group currently assumes a consumer environment like 20024 and headwinds of approximately $105 million in revenues and $120 million in adjusted Ebitda.
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ArticleBjörn Borg approaches SEK 1bn in sales
Net sales for lifestyle brand Björn Borg rose to SEK 989.7 million (€88.7m), an increase of 13.5 percent in FY24.
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ArticleNorwegian sports retailers’ sales declined 4.4% in 2024
The biggest retailers in Norway recorded sales of NOK 12.5 billion (€1.07bn) in 2024 – a 4.4 percent decrease from the previous year.
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ArticleAlpargatas puts itself in better position with more inventory write-offs
For FY24, the Havaianas parent realized a 73 percent improvement in year-over-year Ebitda to R$342.1 million (€57.0m) as the annual gross margin widened by 290 basis points to 42.9 percent.
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News briefsXebio operating profit rises by 30% for nine months
Net profit attributable to owners of the parent rose by 21 percent to ¥3,925 million (€24.7m).
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ArticleSuper Retail Group H1 sales up 4.0 percent
From a category perspective, footwear and licensed delivered strong growth and fitness tech stood out in the apparel/health/well being segment.
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ArticleGarmin’s fitness segment drives record Q4 and FY24 growth
The fitness segment led record FY24 growth, with wearables driving a 32 percent sales surge.
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ArticleSaucony parent completes first turnaround strategy
Merrell and Saucony parent Wolverine, in reporting Q4 and FY24 results, said the first phase of its turnaround strategy, with its cost cuts and margin expansions, is complete.
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ArticleAsics’ FY operating income hits record high
The running business was helped by a focus on higher-end product and “significant” sales growth in Greater China and Southeast/South Asia. European sales increased by 10.9 percent to ¥99.8 billion (€624.5m).
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News briefsPerfect Moment reports Q3 operating loss
The luxury skiwear and lifestyle group reported an operating loss of $1,294,000 against a profit of $728,000 for the three months ended Dec. 31.
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ArticleRemarkable FY 2024 at Grupo Padelpoint
Spain’s Grupo Padelpoint, with its various business lines, came close to doubling its annual revenue in full-year 2024, achieving growth of 93 percent, to €25 million, according to CMDsport.
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ArticleMoncler continues double-digit DTC growth in 2024 as wholesale falls
Moncler Group, the Italy-based parent of the Moncler and Stone Island brands, saw full-year 2024 consolidated revenues increase 7 percent.
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ArticleCrocs Q4 2024 revenues up 3.1% to $990m
Crocs Inc. shares jump on strong DTC gains and growth inversion at HeyDude.
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ArticleShimano suffers drop in FY24 operating income
The Japanese group, citing weak sales of completed bicycles in several regions, reports a 22.2 percent drop in annual operating income to ¥65,085 million (€414.1m) for the 12 months ended Dec. 31.
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News briefsEurope drives BasicNet revenue growth in 2024
The Italian group, which owns Kappa, Superga, Superga, and more, reported consolidated revenues of €409.2 million in 2024.
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News briefsYonex nine-month operating income rises
The Japanese group Yonex has reported a 39 percent increase in operating income to ¥11,391 million (€72.5m) for the nine months ended Dec. 31.
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ArticleFenix Outdoor suffers 3.3% year-over-year sales drop
Fenix Outdoor International AG, despite some winter merchandise shortages and some credit problems with North and South American customers, reported an operating profit of €2.4 million against €0.4 million for the period ended Dec. 31.
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News briefsYue Yuen offers FY profit guidance, warns on potential tax impact
Yue Yuen’s manufacturing group saw growth in gross and operating profit due to increased capacity utilisation and product efficiency.
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ArticleGoldwin’s nine-month operating profit slips
The Japanese group said warmer weather hurt sales of down jackets and other cold weather gear in October and November.
