Latest Headlines – Page 223
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Technogym continues to grow fast
Claiming that it is gaining further market shares in the fitness equipment market, Technogym reported a 6.1 percent sales increase to €124.7 million for the first quarter of 2018, with growth in all the main geographies. In terms of local currencies, sales went up by 12 percent.The Italian company reported ...
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Nautilus' retail sales grow strongly
In the first quarter, Nautilus' sales in the retail segment jumped by 13.7 percent from the year-ago quarter to $43 million. This was in sharp contrast with the fourth quarter of 2017, when retail sales were off by 7.5 percent. The company attributed this reversal on strong performances in a ...
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Garmin performs well in outdoor and fitness
Driven by growth in the outdoor, fitness, aviation and marine segments, Garmin's sales for the first quarter were up by 11 percent from the year-ago quarter to $711 million. In particular, the outdoor and fitness segments delivered double-digit revenue growth, driven by their wearables.Sales in Garmin's so-called outdoor segment jumped ...
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Fitbit posts mixed results
Fitbit posted revenues for the first quarter that were significantly down from the same period last year, while they slightly exceeded Wall Street analysts' expectations. The results were dragged down by a decline in the core fitness tracking category. The company sold 2.2 million wearable devices in the quarter, down ...
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Dorel Sports had a difficult first quarter
Dorel Sports, a division of Dorel Industries, saw its revenues decline by 3.4 percent to $206.7 million in the first quarter ended March 31. Dorel Sports consists of a large portfolio of bicycle brands including Cannondale, Schwinn, Mongoose, GT, Caloi, Ironhorse and Sugoi. Excluding the impact of foreign exchange rates, ...
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Acushnet performs less well than Callaway
We already reported about Callaway Golf's strong momentum in our previous issue. Acushnet subsequently reported sales declines in every region where it operates, blaming unfavorable currency rates and poor weather conditions. The company's sales reached a total of $441.8 million in the first three months of 2018, up by 1.9 ...
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Moncler posts double-digit growth in all regions
Moncler reported consolidated revenues of €332.0 million for the first quarter of 2018, up by 20 percent from the first quarter of 2017. The increase at constant exchange rates was of 28 percent. The performance was driven by double-digit growth in all geographical areas.In Italy, revenues rose by 10 percent ...
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Vulcabras grows only in the sports segment
Vulcabras Azaleia did not grow in the first quarter as fast as it did in 2017, leading up to its public offering in October. The management explained this with the fact that expectations for improved consumption of apparel and footwear in Brazil seem to have been postponed.While the company was ...
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Alpargatas performs better at home than abroad
The volume of sandals sold by Alpargatas in Brazil under its Havaianas and Dupé brands rose by 33.1 percent to 47.4 million pairs in the first quarter of 2018, helping the company to improve the gross margin generated in its home market by 4.5 percentage points to 46.1 percent and ...
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Yue Yuen produces and earns less
An expected drop in revenues from manufacturing led Yue Yuen Industrial Holdings to report a decline of 18 percent in comprehensive net income to $119.0 million for the first quarter ended March 31. Taking out extraordinary items, net earnings were still down by 13.8 percent to $90.8 million.The world's largest ...
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Ispo Shanghai will focus on women, children, digitalization
Women may participate less in sport than men, but they spend more money on their athletic clothing and workouts. This makes them a growing target market for the sports industry, and an important focus of Ispo Shanghai 2018.The organizer of the trade show, Messe München, notes that the Chinese sports ...
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Nike takes action on gender equality
The Swoosh is rapidly making a pitch for gender equality in the top management suite with the appointment of two women to replace two of the five senior male executives who have been forced out in the last few weeks. At least a sixth one is said to be on ...
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China drives buoyant quarter for Puma
Buoyant sales in China turned Asia Pacific into the fastest-growing regional market for Puma in the first quarter. But the brand continued to raise its underlying sales at double-digit rates in other markets and to take advantage of operating leverage, which encouraged it to slightly raise its guidance for the ...
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Under Armour posts mixed results
Lifted by its growth abroad, Under Armour posted a sales increase of 6 percent to about $1,200 million for the first quarter, up by 4 percent in constant currencies. The increase was entirely driven by international markets, which grew by 27 percent - or by 19 percent in constant currencies ...
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Big quarterly gains, but weak outlook for Skechers
Skechers USA again posted record revenues for the first quarter ended March 31, after surpassing the threshold of $4 billion in annual sales for the first time in 2017. However, investors apparently felt that the brand's strong momentum may be softening, sending the share price down by nearly 24 percent, ...
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Champion pulls off strong performance internationally
Hanesbrands, the parent company of Champion, said sales for the brand outside the U.S. rocketed by 50 percent in the first quarter of 2018, boosted by strong consumer demand, space gains in the specialty retail channels and growth in the online channel.Overall, Champion's global sales increased by 22 percent from ...
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JD’s acquisition of The Finish Line hits a hurdle
A lawsuit filed by shareholders of The Finish Line in a federal court in Indianapolis charges that directors and officers of the American sporting goods retailer jumped into the arms of JD Sports Fashion without properly looking for alternative offers at a higher price from other candidates including Sports Direct ...
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JD grows by 33%
JD Sports Fashion reinforced its European sports retailing business in the fiscal year until Feb. 3 and it started assuming an increasingly global dimension in the last months, with expansion in Asia-Pacific as well as its agreement to acquire The Finish Line.The JD group's sales jumped by 33 percent to ...
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XXL posts strong sales, thanks to a cold winter
Thanks to a long winter season in the Nordic countries, with snow and cold weather from late November until late March, XXL ASA recorded strong growth in the first quarter ended March 31. January is the single most important month for the company and proved to be good in Norway, ...
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Sport 2000 is looking at the U.K. and Poland
After signing up licensees in other countries, Sport 2000 International is looking for new partnerships, especially in the U.K. and Poland. As previously reported, Sport 2000 International recently cancelled its licensing deal with Sports Direct International, which had not been effective. SDI also handed over its small minority stake in ...
