Financial insights for the sporting goods industry – Page 97
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News briefs
The acquisition of Camelbak and Jimmy Styx boosted sales and...
The acquisition of Camelbak and Jimmy Styx boosted sales and profits at Vista Outdoor in the fourth quarter ended March 31. Vista reported a 26 percent increase in total revenues to $612.3 million and a 135 percent jump in net profit to $37.3 million for the period. Organically, sales were ...
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News briefs
Globeride suffered a 79 percent drop in net income to...
Globeride suffered a 79 percent drop in net income to 859 million yen (€7.0m-$7.9m) for the financial year ended last March 31, although its sales went up by 7 percent to ¥79.02 billion (€640.4m-$725.0m). For the current financial year, the former Daiwa Seiko is predicting an operating profit of ¥3.7 ...
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News briefs
Giant Bicycle doubled its net profit to 916.7 million Taiwan...
Giant Bicycle doubled its net profit to 916.7 million Taiwan dollars (€24.8m-$28.1m) in the first quarter because of a one-time charge of TWD 655 million (€17.8m-$20.1m) taken last year that was not repeated. Revenues slid by 2 percent to TWD 14.4 billion (€389.8m-$441.2m) and the gross margin dropped by 1.4 ...
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News briefs
Wintersteiger's sports segment raised its sales by more than 5...
Wintersteiger's sports segment raised its sales by more than 5 percent last year, reaching a record level, thanks to the strength of the U.S. dollar and the Swiss franc, combined with the adoption of its latest ski maintenance equipment at large projects in Austria and South Tyrol. The segment represents ...
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News briefs
Skullcandy reported a net loss of $4.9 million on one...
Skullcandy reported a net loss of $4.9 million on one percent higher sales of $46.3 million for the first quarter, blaming the ongoing clean-up of its distribution in China. Sales increased by 4 percent in the U.S. They declined by 3 percent in the rest of the world, in spite ...
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News briefs
Yonex raised its sales by 13.7 percent to 54,159 million...
Yonex raised its sales by 13.7 percent to 54,159 million Japanese yen (€437.9m-$495.7m) for the full year to the end of March. The operating income of the Japanese racquet sports and golf company soared by 57.5 percent to ¥3,279 million (€26.5m-$30.0m) and its net profit was up by 31.4 percent ...
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News briefs
Sporting goods sales showed an 11.3 percent increase for the...
Sporting goods sales showed an 11.3 percent increase for the month of March in Sweden from the same period last year. This confirms the sporting goods sector as one of the fastest ones at retail during the first quarter of 2016. After starting the year with cold weather and snow, ...
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News briefs
Intersport Austria continues to perform well, reporting a 10 percent...
Intersport Austria continues to perform well, reporting a 10 percent increase in sales for the first half of its financial year through to the end of March. As in the past year, it was probably aided by ongoing problems at Sport Eybl under the ownership of Sports Direct International. Aside ...
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News briefs
Descente's sales climbed by 10.3 percent to ¥135,778 million (€1,098.8m-$1,247.1m)...
Descente's sales climbed by 10.3 percent to ¥135,778 million (€1,098.8m-$1,247.1m) for the fiscal year until the end of March 2016, with nearly stagnant sales in Japan but expansion in other markets. The Japanese winter sports apparel brand and supplier of many other branded sports products lifted its sales by just ...
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News briefs
Johnson Health Tech suffered a drop in net income of...
Johnson Health Tech suffered a drop in net income of 90 percent to 272.5 million Taiwan dollars (€7.38m-$8.45m) for the past year on 3 percent higher revenues of NT 16.55 billion (€448.2m-$512.8m). The bottom line was pulled down by the non-recurrence of government subsidies of NT 1.7 billion (€46.0m-$52.7m). The ...
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News briefs
The Thule Group's net income from continuing operations increased by...
The Thule Group's net income from continuing operations increased by 21.5 percent to 169 million Swedish kronor on 5.5 percent higher revenues of SEK 1,380 million in the first quarter. The underlying operating profit margin (Ebit) improved to 17.0 percent from 15.7 percent in the year-ago period, and it went ...
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News briefs
Pou Sheng International, the Chinese sports retailing and distribution company,...
Pou Sheng International, the Chinese sports retailing and distribution company, reports that its net consolidated operating revenue increased by 5.2 percent to $207.4 million in March compared with the same month in 2015. This number relates to turnover less sales discount and returns. The group's net consolidated sales for the ...
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News briefs
The fitness segment of Brunswick Corp., led by Life Fitness,...
The fitness segment of Brunswick Corp., led by Life Fitness, reported an 18 percent increase to $218.3 million for the first quarter ended April 2, but its operating income fell by 22 percent to $20.1 million due to higher marketing expenses and $3.8 million in integration costs for the newly ...
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News briefs
Records were again smashed by Columbia Sportswear in the first...
Records were again smashed by Columbia Sportswear in the first quarter ended March 31, as sales increased by 10 percent to $525.1 million, up by 12 percent in constant currencies. The rise included sales growth of 7 percent to $51.3 million in Europe, the Middle East and Africa (EMEA), up ...
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News briefs
The outdoor & action sports division of VF Corp, with...
The outdoor & action sports division of VF Corp, with brands like The North Face, Vans and Timberland, raised its sales by 2 percent to $1.6 billion for the first quarter ended on April 2. They were up by 4 percent in constant currencies, with increases of 8 percent for ...
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News briefs
According to preliminary figures, Zalando is expected to report a...
According to preliminary figures, Zalando is expected to report a sales increase of between 22.5 percent and 24.5 percent for the first quarter, meaning a turnover in a range between €788 million and €801 million. The adjusted operating margin (Ebit) declined to between 1.5 percent and 3.5 percent, down from ...
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News briefs
Mild weather led to nearly stagnant sales of 520 million...
Mild weather led to nearly stagnant sales of 520 million Swedish kronor (€56.7m-$64.0m) in the first quarter for the sports and leisure division of the New Wave group, which includes the Craft, Seger, Cutter & Buck and Ahead brands, and the distribution of Speedo in Scandinavia, among other brands and ...
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News briefs
Sales grew by 7.2 percent on a same-store basis at...
Sales grew by 7.2 percent on a same-store basis at the franchised stores of 361 Degrees in China during the first quarter. They went up by 7.5 percent at 361° Kids stores. Inventory turns reached rates of 4.2 and 4.1 times in the two store networks, respectively. The company ended ...
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News briefs
Erima announced an increase in its total sales of 19...
Erima announced an increase in its total sales of 19 percent to €14 million in the first quarter of this year. As compared to the first quarter of 2015, sales in the German team sport specialist's domestic market grew by 27 percent. Strong increases were also recorded in Austria and ...
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News briefs
Giant Manufacturing Co. reported a 17 percent drop in its...
Giant Manufacturing Co. reported a 17 percent drop in its sales in China in 2015. The big Taiwanese bicycle company said its sales were solid in the U.S. and Japan, but they improved only slightly in Europe because of the depreciation of the euro. Total revenues inched up by 0.6 ...
