Latest Headlines – Page 200
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Lower margins weigh on Callaway’s profits
After a difficult fourth quarter, which was due essentially to a temporary lack of new products, Callaway Golf posted mixed results for the first three months of this year.Net income tumbled by 23 percent from the year-ago quarter to $48.6 million, although sales jumped by 28 percent to $516.2 million, ...
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Jack Wolfskin improved slightly before its takeover
At the beginning of this year, Callaway Golf acquired Jack Wolfskin's parent company, JW Stargazer Holding, for €418 million, thus adding outdoor clothing and accessories to its own product portfolio, previously limited to golf equipment and accessories.For the German outdoor apparel producer, the new owner promises substantial opportunities for conquering ...
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Lower club sales and currency headwinds for Acushnet
Acushnet had a mixed first quarter, hampered by lower sales of Titleist golf clubs and currency headwinds. The company saw its net income drop by 15.9 percent year-on-year to $34.9 million. Revenues fell by 1.8 percent to $433.7 million, but they increased by 1 percent on a constant-currency basis.The management ...
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Johnson Outdoors’ fishing segment recovers
After an 11 percent decline in the first quarter, Johnson Outdoors' sales of fishing equipment bounced back in the second fiscal quarter ended March 29, lifting the company's overall sales to $177.7 million – a 7 percent increase from the same quarter in 2018. The management said the increase reflected ...
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Clarus posts record sales
Clarus Corp.'s momentum in 2018 continued into the first quarter of 2019, with sales growth across every brand, category, geography and channel. The parent company of Black Diamond, Pieps and Sierra Bullets saw its net income soar to $3.8 million for the three months ended on March 31, compared with ...
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Dorel Sports’ revenues decline, but CSG does well and the division’s outlook is positive
Dorel Sports, a division of Dorel Industries, saw its revenues for the first quarter ended on March 31 decrease by 10.7 percent to $184.5 million. Excluding fluctuations in foreign exchange rates and the divestment of the performance apparel line business, the decrease compared with last year's first quarter was around ...
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Nike adds a digital solution to a growing market
According to Nike, industry research suggests that 60 percent of the public wear shoes of the wrong size. In response, the Oregon-based sports behemoth has spent the past year working out a new selling scheme. In addition to branding, style, quality and materials, Nike is going to play up the ...
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GoPro updates guidance after strong quarter
Revenues for GoPro in the first quarter jumped by 20 percent from the year-ago quarter to $242.7 million, and the company's net loss narrowed by 68 percent to $24.3 million. The gross margin soared by 11 percentage points to 33 percent.The management attributed the improved results to strong global demand ...
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Fitness weigh on Garmin’s gross margin
A drop of 7.8 percentage points in the gross margin to 50.4 percent in Garmin's fitness segment resulted in operating income being reduced by nearly a half to $18.1 million in the first quarter, although revenues surged by 9 percent to $180.2 million. The company blamed the contraction on lower ...
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Smartwatches lift Fitbit’s sales
Fitbit reported that unit sales of its devices went up by 36 percent during the first quarter, driven by a 117 percent gain in smartwatch sales and the introduction of new Inspire and Inspire HR trackers. The net loss narrowed by 2 percent from the year-ago quarter to $79.5 million, ...
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Moncler posts double-digit revenue increase, despite challenging comparison base
Moncler saw consolidated revenues increase by 14 percent to €378.5 million in the first quarter, despite a highly challenging comparison against the first quarter of 2018, when sales grew by 19 percent. At constant exchange rates, consolidated revenues increased by 11 percent versus last year's first quarter. Growth was helped ...
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The IOC releases sourcing guides for the Olympic Movement
The International Olympic Committee (IOC) has issued two guides to help ensure that the Olympic Movement sources goods and services in a sustainable and ethical way.The first new guide, titled “Olympic Games Guide on Sustainable Sourcing,” is intended to help Organising Committees for the Olympic Games (OCOG) understand and meet ...
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The IspoDigitize Summit can be useful for your staff
The second annual Ispo Digitize Summit, scheduled for July 3 and 4 at the International Congress Center (ICM) in Munich, will focus on Data Analytics & Customer Relationship Management (CRM), Digital Talents & Recruiting, Change Management & Digital Culture and Digital Infrastructure. It will also cover eSports, which is regarded ...
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JD Sports Fashion reports record overall results
The acquisition of The Finish Line in the U.S. and Sport Zone in Iberia helped JD Sports Fashion to book a strong 49.2 percent increase in total revenues to £4,717.8 million (€5,454.2m-$6,171.5m) for the financial year ended on Feb. 2, compared with £3,161.4 million in the previous year. Finish Line ...
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XXL focuses on margins
Following troubles at the end of 2018, XXL ASA started 2019 on a mixed note, with lower sales but higher profit margins. As previously reported, in the fourth quarter, the leading sports retailer in the Nordic countries posted lower-than-expected sales in all the markets where it operates.XXL's interim management admitted ...
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Sport Voswinkel goes insolvent
Sport Voswinkel, a chain of 74 stores throughout Germany that has been a member of Intersport Deutschland since 1989 and a subsidiary of the voluntary group since 2003, filed an application for insolvency protection proceedings under its own administration on April 24.It's just one more headache for Intersport Deutschland, whose ...
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Puma makes strong progress
Reaching new records, Puma reported today a 16.6 percent increase to €1,319 million for the first quarter, with a growth of 15.3 percent on a currency-neutral basis. The operating margin (Ebit) rose to 10.8 percent, up from 9.9 percent in the year-ago period, in spite of higher investments in logistics, ...
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Lululemon launches a new phase of international expansion
Lululemon Athletica unveiled a new five-year plan at its investor meeting in New York on April 24, which calls for among other things a fourfold increase in international revenues, the development of a footwear range and strong growth in the men's category, which could represent half of total sales in ...
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Salming’s former boss runs Tenson now
Tomas Solin, a 52-year-old manager who raised the turnover of Salming Sports from 4 million Swedish kronor to about SEK 200 million (€18.9m-$21.1m) in the 12 years spent under his leadership, has become the new chief executive of Tenson, the Swedish brand of outdoor and snow sports apparel.At Tenson, Solin replaces ...
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Snow and mountain tourism continued to increase in 2017/18
The snow and mountain tourism industry is facing the challenge of generating long-term growth. According to the 2019 International Report on Snow & Mountain Tourism, compiled by Laurent Vanat and released earlier this month, baby-boomers and mature enthusiasts represent the majority of participants, and due to their age, these participants ...
