Financial

Analysis on the brand’s and retailer’s financial performance in the sporting goods industry including annual and quarterly updates, regional break-down, channel and segment growth.

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Decathlon France raised revenues, focused on circularity in FY23

2024-04-05T11:38:00+01:00By

Decathlon France generated €4.752 billion (VAT and other taxes included) in full-year 2023, according to its year-end round-up. This represents a rise of 1.24 percent from 2022 and of 22.52 percent from 2019, the year before the lockdowns.

  • Beyond Yoga

    Levi Strauss’ Beyond Yoga posts double-digit growth in Q1

    2024-04-06T07:52:00+01:00

    Levi’s yoga brand Beyond Yoga gained 11% in the first quarter ended Feb. 25, outpacing similar growth from a year ago, driven largely by strength in e-commerce and store expansion.

  • Decathlon-logo-

    Decathlon Germany sets new sales record in 2023

    2024-04-06T06:59:00+01:00By

    Despite a challenging environment, Decathlon Deutschland SE & Co. KG – the German subsidiary of the globally active French sporting goods retailer and manufacturer Decathlon SA – closed the 2023 financial year with another sales record.

  • Decathlon-logo-

    Decathlon France raised revenues, focused on circularity in FY23

    2024-04-05T11:38:00+01:00By

    Decathlon France generated €4.752 billion (VAT and other taxes included) in full-year 2023, according to its year-end round-up. This represents a rise of 1.24 percent from 2022 and of 22.52 percent from 2019, the year before the lockdowns.

  • Macron New Logo

    Macron confirms double-digit sales growth in 2023

    2024-04-03T14:48:00+01:00By

    Italian sportswear company Macron posted consolidated turnover of €196.6 million for financial year 2023, representing an increase of 15.7 percent compared to 2022. All its three main lines of business recorded double-digit growth: Teamwear (+21 percent), Individual lines (+23 percent) and Pro Clubs (+11 percent). Pro forma Ebitda of €33.8 ...

  • Siux

    Siux expanding abroad fast

    2024-04-03T11:03:00+01:00By

    Between last year and this first quarter of 2024, the pádel brand Siux has entered 35 countries – 18 of them in Africa and ten in Asia. So explains Alfonso Torrón, Brand Manager, who has spoken with Palco23.

  • mainland-headwear

    Mainland Headwear hopes new factory will turn fortunes around

    2024-03-29T17:43:00+00:00By

    Annual operating profit at the China-based group Mainland Headwear declined by 28 percent to HK$190.2 million (€22.5m) from HK$264.1 million for the 12 months ended Dec. 31. Ebit fell by 29 percent to HK$177.2 million (€21.0m) as profit attributable to shareholders tumbled by 40 percent to HK$117.9 million (€14.0m). Meanwhile, ...

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  • Allbirds

    Allbirds faces Nasdaq pressure to boost stock price

    2024-04-09T14:54:00+01:00By

    Allbirds is facing pressure to increase its share price after receiving a warning from Nasdaq regarding its stock performance. The sustainable footwear brand disclosed that its Class A common stock had consistently closed below $1 per share for 30 consecutive days, violating Nasdaq’s regulations. Allbirds now has six months to ...

  • Li-Ning_logo.svgz

    Li Ning considers privatizing sportswear firm amid market challenges

    2024-03-15T12:18:00+00:00By

    Chinese entrepreneur and former Olympic champion Li Ning is reportedly contemplating the privatization of his sportswear firm listed on the Hong Kong stock exchange, according to sources familiar with the matter. The move would add to a series of similar potential deals amid a challenging market landscape.

  • Hong Kong Stock Exchange (Ank_Kumar)

    Anta Sports and Alibaba among first companies to introduce HKD-RMB Dual Counter Model

    2023-06-20T10:53:00+01:00

    The Hong Kong Exchanges and Clearing Ltd (HKEX) officially launched the “Dual Counter Model” for Hong Kong Dollar (HKD) and Yuan (RMB) on June 19. This is intended to strengthen Hong Kong’s role as an international financial center by bringing more liquidity and vitality to the stock market.

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Lululemon posts strong Q4 results, some Q1 softness in US

2024-03-22T09:17:00+00:00By

Lululemon’s operating income increased by 191 percent in Q4 to $913.9 million from $314.4 million for the period ended Dec. 31. Final period net income came in at $669.5 million, and gross margins increased by 430 basis points year-over-year to 59.4 percent. Revenues rose by 16 percent to $3.2 billion ...

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Nike posts digital decline for first time in nine years

2024-03-22T09:17:00+00:00By

The brand now want to focus on new iterations of its Air technology, investments with its wholesale partners, and better storytelling.

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Adidas posts first loss in 30 years, eyes €500m operating profit in FY24

2024-03-14T06:32:00+00:00By

Growing demand for its Classic shoes and double-digit sales growth rates in both Greater China and Latin America are projected to spark the overall results of Adidas this year, leading to double-digit sales growth in H2 and an annual operating profit of approximately €500 million. The North American market is ...

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Puma expects business headwinds to persist in H1 of 2024

2024-02-27T15:45:00+00:00By

Puma, citing ongoing geopolitical and macroeconomic headwinds and currency fluctuations to continue for at least H1 of 2024, is forecasting mid-single-digit, currency-adjusted sales growth this year and a corresponding operating profit of €620 million to €700 million this year. The predicted Ebit range represents flat to 12.7 percent year-over-year growth ...

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