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.
“Over the longer-term, I think we have a plan to move out of China in certain aspects of our business,” CEO David Maher said.
“Over the longer-term, I think we have a plan to move out of China in certain aspects of our business,” CEO David Maher said.
The Brazilian footwear group reported a 19.5 percent increase in Q1 net income to 106.1 million Brazilian reais (€16.5m).
When winter never came, running shoes, sneakers and low price goods grew big. Ecom bloomed by almost 20 percent during the period.
In Q1, ended March 31, the company reported 4.1 percent operating income growth to $46.5 million.
Annual turnover rose by 13.6 percent to €539.7m and gross margin improved by 491 basis points to 55.21 percent.
In North America, sales improved by 13 percent, including a 38 percent increase in Canada, marking eight consecutive years of growth.