News briefs – Page 2

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    News briefs

    Lululemon raises guidance


    Lululemon Athletics announced in a preannouncement before the ICR Conference that, for Q4 of FY 2023, it expects net revenue to be somewhere from $3.170 to $3.190 billion, a 14 to 15 percent increase compared to the last quarter of FY 2022. Previous guidance saw shares in the range of ...

  • Inditex_Logo
    News briefs

    Inditex sales increase 14.9% in first 9 months at constant exchange rates


    In the nine months to Oct. 31, the sales of Inditex, the Spanish parent company of several fast fashion brands including Zara and Massimo Dutti, grew by 11.1 percent to €25.6 billion, showing “very satisfactory” development both in stores and online, the Spanish fashion fast group said in a statement. ...

  • Atmósfera Sport
    News briefs

    A record FY22 for Atmósfera Sport


    The Spanish buying group Atmósfera Sport, which began life as Esport Deval in 1988, is wrapping up its 35th anniversary year with news of record annual sales, according to CMDsport. In full-year 2022 the retailer managed for the first time to break €30 million in sales – in fact, blew ...

  • lululemonathleticalogovector_470603
    News briefs

    Lululemon exceeds Q3 estimates but guides to softer Q4 performance


    Lululemon had another strong quarter with both revenues and profits exceeding analyst estimates, but the group’s simultaneous Q4 outlook of 13 to 14 percent sales expansion sent Lululemon shares down by 2.8 percent in after-market trading yesterday. The group, which said early holiday sales were strong, is projecting total Q4 ...

  • Bandier via Instagram
    News briefs

    Activewear brand Bandier seeking a buyer for its intellectual property


    American activewear brand Bandier is seeking a buyer for its intellectual property and assets, including but not limited to all of Bandier’s rights, inventory, intellectual property and all accounts receivable as of the closing date of a purchase. The move is an alternative to bankruptcy. The company, which operates five ...

  • Farfetch
    News briefs

    Farfetch suspends Q3 results


    Luxury fashion platform Farfetch Limited has announced that it will not be announcing its financial results for the third quarter of 2023. Accordingly, the related conference call on Nov. 29 was also canceled. The company expects to provide a market update in due course. At the moment, no forecasts and ...

  • Futbol Emotion
    News briefs

    A pivotal year for Fútbol Emotion


    Fútbol Emotion might achieve the record €85 million in annual sales that it forecast at the close of the first quarter of this year. However, its latest forecast hedges the bet, shaving off €1 to €2 million – all of this according to CMDsport. Even €83 million, though, would amount ...

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    News briefs

    China Dongxiang results impaired by investments


    China Dongxiang, which distributes the Kappa brand in Greater China and has been a publicly traded company since 2007, reported a net loss of 410 million yuan renminbi (€52.7m) for the six months ended Sep. 30. Excluding its investment segment, operating profit was RMB 75 million (€9.6m). Year-over-year revenues were ...

  • Large-BowFlex_TM_R_Logo_Black_RGB
    News briefs

    Bowflex reports improved results despite soft sales


    The Q2 operating loss at Bowflex, the former Nautilus, was 22 percent less than the year-ago quarter at $11.2 million versus a loss of $14.3 million for the period ended Sep. 30. The loss from continuing operations, meanwhile, shrunk by 18.0 percent to $12.5 million from $15.3 million. Gross margin ...

  • 001_001-nike-logos-swoosh-black
    News briefs

    Nike announces 9% increase in quarterly dividend


    Nike, Inc. announced that its Board of Directors approved a quarterly cash dividend of $0.370 per share on the company’s outstanding Class A and Class B Common Stock. This represents an increase of 9 percent versus the prior quarterly dividend rate of $0.340 per share. The dividend declared today is ...

  • Pou Sheng International
    News briefs

    Pou Sheng nine-month results aided by stronger foot traffic


    Operating profit at Pou Sheng, the retail subsidiary of Yue Yuen, increased by 51 percent to 515.7 million renminbi (€66.3m) for the nine months ended Sept. 30. Profit attributable to owners of the company rose by 224 percent to RMB 311.4 million (€39.9m) as retail foot traffic improved and the ...

  • Logo-Yonex.svgz
    News briefs

    Yonex H1 profit slips despite higher sales


    Profit attributable to owners of the Japanese company fell by 21.4 percent to ¥4.4 billion (€27.1m) for the six months ended Sept. 30. H1 operating income also declined by 21 percent to ¥5.6 billion (€34.7m) despite a 15.2 percent year-over-year improvement in net sales to ¥57.7 billion (€356.5m). Yonex is ...

  • Mizuno
    News briefs

    Mizuno sees sales gains in all geographies, regions


    Operating profit rose 14.2 percent to 9.3 billion Japanese yen (€57.7m) for the six months ended Sept. 30 at Mizuno. Net income expanded 21.0 percent to ¥7.8 billion (€48.4m) as total revenues grew by 15.4 percent to ¥114.5 million (€710.4m). Year-over-year gross margin improved by 90 basis points to 40.6 ...

  • HanesBrands_Corporate_Image_02
    News briefs

    HanesBrands’ activewear operating profit slips by 54 percent in Q3


    Operating profit for HanesBrands’ Activewear segment fell 54 percent to $24,853,000 from $53,491,000 for the period ended Sep. 30. Activewear sales tumbled 17 percent to $383,600,000 from $461,043,000 as the segment experienced declines across most channels and brands that were driven by ongoing category headwinds, soft consumer demand and excess ...

  • AllBirds-Logo
    News briefs

    Allbirds’ turnaround plan remains bumpy


    Citing a negative impact on revenues due to its transition to a direct selling model in both Canada and South Korea, Allbirds now expects its annual revenues to sink by 15 to 22 percent to a range of $66 to 72 million. The annual adjusted Ebitda loss is now pegged ...

  • eBay-Logo
    News briefs

    ​eBay exceeds expectations in Q3


    eBay Inc. reported revenue of $2.5 billion, up 5 percent on an as-reported basis and up 5 percent on an FX-neutral basis, for its third quarter ended Sept. 30, 2023. “We delivered another quarter of solid results and have accelerated the pace of innovation across eBay,” said Jamie Iannone, Chief ...

  • New Wave Logo
    News briefs

    New Wave Group operating profit dips despite 5 percent sales growth


    New Wave Group reported a 10.9 percent decline in Q3 net profit to 270.9 million Swedish kroner (€23.2m) from SEK 304.0m for the three months ended Sep. 30. Period operating profit declined by 4.2 percent to SEK 381.1 million (€32.6m) despite 5 percent revenue growth to SEK 2.34 billion (€199.8m) ...

  • goldwin-logo
    News briefs

    Goldwin’s H1 operating profit up by 15 percent


    Goldwin generated a 15 percent improvement in operating profit to ¥6,070 million (€137.8m) from ¥5,277 million for the six months ended Sept. 30. Profit attributable to shareholders lifted 25 percent higher to ¥7,323 million (€45.6m). H1 sales at the Japanese company rose 12.8 percent to ¥51,096 million (€317.9m) from ¥45,309 ...

  • gildan logo
    News briefs

    Gildan says Q3 results are in line with expectations but updates guidance


    Canadian sportswear brand Gildan Activewear delivered net sales of US$870 million in the third quarter ended Oct. 1, 2023, up 2.3 percent over $850 million in last year’s third quarter, as the company moved past the impact of strong prior year comparative periods tied to post-pandemic replenishment. The company generated ...

  • BasicNet
    News briefs

    Ebit falls while BasicNet sales increase


    BasicNet, the Italian parent of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands, said that in the first nine months of 2023, consolidated revenues rose by 5.3 percent year-on-year to €297.5 million, while aggregate group brands revenues slipped by 7.6 percent to €858.4 million. Meanwhile, Ebitda increased by ...