Latest Headlines – Page 426
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Amer Files Mixed Quarterly Results
Amer Sports held its own in terms of sales for the second quarter ended June 30, as its turnover slipped by just 0.1 percent to €284.7 million. Sales fell by 6 percent in constant currencies, however, with fitness and golf again worst affected. Amer’s gross profit margin continued to ...
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Brunswick’S Sales Plummet And Its Loss Widens Significantly
Brunswick Corporation had a 52 percent drop in sales to $718.3 million in the second quarter, leading to a loss of $163.7 million compared with a loss of $6.0 million last year. Its fitness-related revenues dropped by a third to $105.0 million, and that segment, represented mainly by Life Fitness, ...
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Nautilus’ Commercial Fitness Sector Disappoints, Options Considered
Overall sales at Nautilus fell by 36 percent to $60.8 million for the quarter ended June 30. Revenues from its commercial business dropped by 40 percent to $20.7 million, and the company has retained Robert W. Baird to review strategic alternatives for that segment. The net loss was $20.8 ...
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Head Is Not Optimistic On 2009 Sales, Tries New Terms For Exchange Offer
Head N.V. said it expects net revenues in constant currencies to be as much as 10 percent less than last year’s unimpressive levels in view of difficult trading conditions in diving and, to a lesser extent, winter sports. Its racquet sales got a boost from the launch of the Youtek ...
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Johnson Outdoors’ Cost-cutting Measures Are Working
For the third quarter of its fiscal year ended July 3, Johnson Outdoors had an 18.6 percent drop in sales to $114.9 million, but managed to increase earnings from continuing operations by 13.9 percent to $9.0 million. The company said that cost savings and tax benefits offset the negative sales ...
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Poor Sales Hurt Shimano In First Half
Consolidated revenues were down by 22 percent to ¥90,057 million (€653.1m-$926.0m) for the half ended June 30, and the gross profit margin dropped by 2.7 percentage points to 33.1 percent. Net income plunged by 48 percent to ¥6,565 million (€47.6m-$67.5m). Shimano said the culprits were the global recession and the ...
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Superga Lifts Basicnet’S First Half Sales
BasicNet closed the first half of the year with a 10.2 percent increase in consolidated revenues to €75.88 million, thanks in particular to the strong performance of its shoe brand Superga. In volume, Superga’s sales rose by 29 percent, while the windbreaker brand K-Way was up by 5.4 percent and ...
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K-swiss Looks To Classics To Get Back Into The Black
For the second quarter ended June 30, K-Swiss reports a 34.8 percent drop in sales to $54.0 million. The net loss was $11.5 million, compared with a profit of $26.4 million last year. The results include a pre-tax non-operating loss of $2.6 million related to the completion of the acquisition ...
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Nike Reports Some Extra Figures
Converse continues to blossom under Nike’s care, according to the 10-K report filed with the U.S. Securities and Exchange Commission for the financial year ended last May 21: The brand, which was bought by Nike for $305 million in 2003, after recording sales of $205 million in 2002, generated revenues ...
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Apparel Boosts Under Armour’S Sales
Revenues were up by 5 percent to $164.6 million at Under Armour in the second quarter ended June 30. This included a 16.5 percent increase in apparel sales, with double-digit gains in men’s, women’s and youth. The net income was also up by 5 percent to $1.4 million. Gross margin ...
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Drops Across The Board At Columbia
Sales at Columbia Sportswear fell by 16 percent to $179.3 million for the second quarter ended June 30, with declines in most geographic, category and brand areas. Four percentage points were due to currency fluctuations. The second quarter typically accounts for just 15 percent of the company’s annual sales. The ...
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Golfers Tighten Belts, Hurting Acushnet
Acushnet, the golf unit of Fortune Brands that includes Cobra, Titleist and FootJoy, saw a 19.1 percent drop in sales to $365.8 million in the second quarter ended June 30. The operating profit fell by 36.0 percent to $43.6 million. The company said that European and American golfers were spending ...
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Callaway's Sales Fall By 17% In Quarter
Callaway Golf’s had 17 percent sales decline to $302 million in the second quarter ended June 30 was a drop of 12 percent in constant currencies. The gross profit margin was down by 10.4 percentage points to 36.3 percent due to heavy retail promotions and a consumer shift to lower-priced ...
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Crocs Is Starting To Turn The Corner
Turnover at Crocs fell by 11.3 percent to $197.7 million in its seasonally biggest period. For the quarter ended June 30, the net loss was $30.3 million compared with income of $2.1 million in the same period of 2008. The results far exceeded its earlier guidance and Wall Street expectations ...
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Financial Indicators Worsen At Timberland, Despite Strength In Boots
Revenues fell by 14.4 percent at Timberland in the second quarter ended July 3, hitting $179.7 million. The gross margin fell by 1.9 percentage points to 42.0 percent of sales due to higher product costs, currency effects, lower margins on off-price business and higher provisions for inventories. The company’s operating ...
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Athletic Shoes Grew A Little And Only In Emerging Markets In 2008
The annual survey of the global athletic footwear market by Sporting Goods Intelligence has found that it grew by 5.4 percent last year in terms of U.S. dollars, but not in local currencies. Asia overall led the way, helped by huge jumps in sales for two Chinese brands, Li Ning ...
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The Rugged Outdoor Footwear Market Grew In 2008, But More Slowly Than Before
The global rugged outdoor footwear market grew in 2008 by 7.3 percent in dollars to an estimated level of $2.91 billion, according to an exclusive annual study of the market conducted jointly by The Outdoor Industry Compass and Sporting Goods Intelligence. The growth rate was a little lower than the ...
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Sports Direct Takes A Hit In Annual Profit
Despite an increase in total revenues of 9 percent to £1.37 billion (€1.59bn-$2.26bn) for the fiscal year ended April 26, Sports Direct International had to endure a 91 percent drop in pre-tax profits to £10.7 million (€12.4m-$17.7m). Foreign exchange cost the company £27 million, and write-downs another £31 million. Without ...
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Comparable Sales Are Down By More Than 25% For Jjb
JJB Sports’ struggle continues. Turning in its sales results for the 25 weeks to July 19, it reported at its annual shareholders’ meeting today that they dropped by 40.4 percent for the period, with comparable store sales down by 26.5 percent, in line with the forecast given in May. It ...
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Blacks Reports Decling Sales
For the first 19 weeks of its current financial year, ended July 11, Blacks Leisure Group reports a sales decline of 1.6 percent on a same-store basis in its outdoor stores. Britain’s largest outdoor retailer points out, however, that sales grew by 10.4 percent more than the average for the ...
