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.
Skechers sets a new sales record in Q2 with growth in both wholesale and DTC around the world.
Sportswear company China Dongxiang reported a mid- to low-single-digit decrease in retail sales for its Kappa and Kappa Kids’ stores during Q1 ended June 30. Additionally, same-store sales saw a mid-single-digit decline.
Deckers raises its forecast for FY25 after double-digit sales gains for both its Hoka and Ugg brands.
Columbia Sportswear’s guidance for the full year remains unchanged despite a loss in the second quarter.
Moncler generated a 24 percent increase in H1 net profit to €180.7 million from €145.4 million as Ebit rose by almost 19 percent to €258.7 million.
Polygiene turned an operating profit of SEK 2.6 million against a loss of SEK 4.0 million in Q2, as cost-cutting measures and strategic changes made last year began to take effect.
British luxury skiwear and lifestyle brand Perfect Moment lowered its annual operating loss by 11 percent to $7.7 million for the 12 months ended March 31.
Adidas continues to surf the wave of success of the Q1 report from May. The company’s sales rose 9 percent to €5.822 billion in Q2. The significantly smaller Yeezy business had a negative impact on the year-on-year result.
Bolstered by double-digit sales growth across all global regions in Q2, Asics Corp. raised its full-year guidance late last week. The Japanese group is now forecasting 11.9 percent annual revenue growth to ¥660,000 million (€3.82bn) and a 64 percent increase in operating income to ¥95,000 million (€550.1m) for the 12 ...
Shares of Peloton Interactive, Inc. tumbled by 16.3 percent following the announcement of the company’s plans for a comprehensive global refinancing effort. The fitness giant revealed it would issue $275.0 million in convertible senior notes due in 2029 as part of a private offering. Additionally, Peloton plans to secure a ...
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 ...
The brand now want to focus on new iterations of its Air technology, investments with its wholesale partners, and better storytelling.
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 ...
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 ...
Chinese group Xtep Intl., which acquired 100 percent of the Saucony and Merrell business in China in December and divested K-Swiss and Palladium in May, said in an operational update on July 15 that retail sales (including offline and online channels) for its core Xtep brand grew 10 percent in ...
Chinese group 361 Degrees Intl.’s retail sales of its key branded products increased by around 10 percent year-on-year in Q2. Meanwhile, retail sales of 361° Kids grew in the mid-teens in the same period, the company said.
Planet Fitness, Inc. announced that it has completed its previously announced refinancing transaction. The new series of securitized notes consists of $800 million of Class A-2 senior secured notes issued in two tranches: Class A-2-I senior secured notes with an expected redemption date of five years, a principal amount of ...