News briefs – Page 10
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News briefsPeloton with delayed annual report
Peloton Interactive will need up to 15 additional days to file its 10-K report for the fiscal year ended June 30, which was due Aug. 29, according to a filing with the U.S. Securities and Exchange Commission (SEC). The reason given is that the company is still calculating the impairment ...
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News briefsAthleta experiences near-term softness on consumer shift
Athleta, The Gap, Inc.-owned women’s active and wellness brand, generated a 1 percent increase in second-quarter sales to $344 million, with year-over-year comparable store sales declining 8 percent for the six months ended June 30. Period revenues were 37 percent higher than in Q2/2019. Despite a modest slowdown in the ...
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News briefsJohnson Health Tech posts H1 loss despite revenue gain
Johnson Health Tech, the Taiwanese fitness equipment company, reported an attributable net loss of 328,254,000 Taiwanese dollars (€10.5m) against a profit of TWD 28,0002,000 for the six months ended June 30. H1 revenues for the parent of the Matrix, Horizon Fitness, Vision Fitness and Synca wellness brands rose 2.0 percent ...
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News briefs
Pegasus Intl. H1 footwear revenues step 36 percent higher
Pegasus International Holdings Ltd. reported a 36 percent increase in revenues from the manufacture and sales of footwear to $2,847,000 from $2,095,000 for the six months ended June 30. Total H1 revenues increased 51 percent to $5,261,000 from $3,479,000. Ebit was $556,000 against $70,000, with gross margin coming in at ...
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News briefsGlobe Intl. FY net declines 44 percent
Globe International, the Australian parent of the Globe, Salty Crew, Impala Skate, FXD Workwear and Dot Electric Skateboards, reported a 44 percent drop in annual attributable net income to 18,641,000 Australian dollars (€12.0m) for the 12 months ended June 30. Ebit fell 41 percent in the FY to A$27.5 million ...
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News briefsFarfetch Limited Ebit falls 29 percent in Q2
Farfetch Limited, the Internet platform for luxury goods, realized an 18.7 percent decline in attributable profit to $70.5 million from $86.6 million for the second quarter ended June 30. Ebit was down by 29 percent to $60.4 million from $84.7 million as the operating loss widened by 11.5 percent to ...
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News briefsJD.com gets sales boost from sports, outdoor
JD.com, the Chinese supply chain technology and service provider, said sports and outdoor were two of six segments that posted double-digit sales growth in the second quarter ended June 30. During Q2, the group generated 5.4 percent revenue growth to 267.6 billion yuan renminbi (€40.0b). Service revenues rose 21.9 percent ...
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News briefsIncome soars at Planet Fitness
Net income at Planet Fitness was up by 67 percent for the second quarter of this year and by 105 percent for the half, reaching €25.1 million and $43.4 million, respectively. The U.S. gym franchisor and operator’s revenues for the quarter and half amounted to $224.4 million (up by 63.5%) ...
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News briefsRevenues down at The Beachbody Company
The Beachbody Company posted total revenues of $179.1 million for the second quarter, down by 20 percent year-on-year and 3 percent from pre-lockdown 2019. The Southern California digital fitness and nutrition company saw digital revenues of $78.0 million, up 17 percent, for the period. On the plus side, digital subscriptions ...
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News briefsFormula One revenues up by almost 50% for Q2
Revenues for this year’s second quarter were up by 49 percent year-on-year at Formula One Group. The subsidiary of Liberty Media pulled in $744 million, most of it derived as usual from media rights, sponsorships and promotion of the seven races run during the period. Operating income for the quarter ...
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News briefsMizuno Corp.’s Q1 revenues gain driven by golf
Mizuno Corp. total revenues rose by 7.8 percent to 46.2 billion yen (€334.1m) from ¥42.9 billion in the first quarter ended June 30. Golf and recovery in indoor sports contributed to the gain. The Japanese company recorded a nearly 28 percent net profit increase, a quarterly record for the company, ...
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News briefsDescente raises forecasts for H1, full year
Descente Ltd., citing a return to a business environment close to conditions before the Covid-19 pandemic, with the exception of some regions, has raised its first half and full-year financial outlooks. First half sales for Descente Japan Ltd. and Descente Korea Ltd. for six months ending Sep. 30 are described ...
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News briefsSales up for H1 at Base Detall Sport
Sales for the first half of 2022 were up by 14 percent year-on-year at Base Detall Sport, according to Palco23. The Spanish buying group’s sell-out for the period was up by 10.5 percent. Base attributes this success to the three-part plan – verticalization, digitalization, and expansion – that it adopted ...
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News briefsAlibaba’s e-com sales decline
In Alibaba’s first quarter ended on June 30, revenues fell very slightly to 205.6 billion yuan renminbi (€29.7bn) from RMB 205.740 billion a year earlier due to a 1 percent decline in revenues in the China commerce segment to RMB 141.9 billion (€20.5bn), offset by revenue growth of the cloud ...
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News briefsPou Sheng warns on significant H1 decline
Pou Sheng Intl., the retail subsidiary of Yue Yuen, issued a revenue and profit warning for the first half ended June 30, citing persistent Covid-related restrictions in China that impacted consumer traffic and sentiment during the six months. The group forecasts a 25 percent decline in H1 revenues to 9,865 ...
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News briefsBasicNet’s H1 Ebit up 82 percent; working on Kappa re-organization
BasicNet’s group net income was €10.7 million against €4.1 million for the first half ended June 30. Ebit improved 82 percent to €15.5 million from €8.5 million in the year-ago period. Aggregate H1 group revenues rose by 28.2 percent to €567.9 million, with commercial licensee sales increasing 17.8 percent to ...
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News briefsVulcabras’ sales, profits soar in Q2
Vulcabras’ net income rose by 207 percent to 95.0 million Brazilian reais (€18.1m) from R$30.9 million for the period ended June 30. Operating earnings (Ebit) increased 73 percent to R$236.2 million (€45.1m). Ebitda was 30 percent higher at R$133.4 million (€25.5m) as the year-on-year gross margin percentage improved to 36.0 ...
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News briefs
Revenues up 71% year-on-year in H1 at ISRG
For the first half of the year, Iberian Sports Retail Group (ISRG) has posted sales of €621 million, for a year-on-year increase of 71 percent. A joint venture between Britain’s JD Sports (50%), Portugal’s Sonae (30%) and the Segarra family (20%), ISRG handles the business of the Sprinter, Sport Zone ...
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News briefsAmazon with strong revenue and guidance despite significant headwinds
Amazon significantly increased its revenue in the second quarter despite high inflation and recession worries. Revenues increased by seven percent year-on-year to $121.2 billion. Although operating profit fell from $7.7 billion to $3.3 billion, it exceeded experts’ expectations. On the bottom line, Amazon posted a net loss of $2.0 billion, ...
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News briefsJD Sports re-affirms FY Ebit guidance, continues CEO search
Updating its June 22 statement on year-to-date results, JD Sports said total sales in the group’s like-for-like businesses were 5 percent ahead of year-ago levels through June 30. With the positive result, JD is maintaining a performance outlook that calls for profits before tax and exceptional items for the fiscal ...
