Latest Financial Results

  • Tecnica_Sede_r
    Article

    Tecnica Group performs better than expected

    2020-05-26T09:47:00Z

    Tecnica Group reported better-than-expected results for 2019, adding that e-commerce and sales of outdoor products and inline skates were positive in the first quarter of 2020, despite the Covid-19 pandemic. The net turnover of the group went up by 6.4 percent to a record €424 million in 2019, ...

  • 1200px-Myclimate_201x_logo.svg
    Article

    myclimate presents new record figures for 2019

    2020-05-25T16:01:00Z

    myclimate , the international carbon offset foundation, has published its annual results for 2019. The international non-profit organization with Swiss roots was able to significantly increase the total revenue from its three business areas of education, consulting and solutions, as well as the offsetting of CO2 emissions. In 2019, ...

  • VF_Corp_Logo
    Article

    VF claims it can hike through the Covid storm easily

    2020-05-15T19:50:00Z

    In releasing its financial results for the fourth quarter ended on March 31, the management of VF Corp. insisted that the company is in a better position than some of its competitors to navigate through the “storm” caused by the coronavirus pandemic for several reasons, including good liquidity, a ...

  • vista_outdoor_logo_kopie_8
    Article

    Divestitures helped Vista Outdoor

    2020-05-13T14:59:00Z

    The Outdoor Products division of Vista Outdoor , which groups brands such as Bell, Giro, Camelbak, Camp Chef and Bushnell Golf , recorded a 9 percent drop in sales to $132 million in the fourth quarter ended on March 31, largely due to restrictions related to the Covid-19 outbreak. ...

  • Apex-Logo
    Article

    Hi-Tec’s weak international sales weigh on Apex’s revenues

    2020-05-09T06:18:00Z

    California-based Apex Global Brands , previously called Cherokee Global Brands , saw revenues for its fourth fiscal quarter ended on Feb. 1, 2020 fall by 10 percent to $5.5 million, as Hi-Tec and Magnum royalty revenues declined internationally. The management blamed this on the uncertainty surrounding Brexit ...

  • Callaway_Golf_Company_logo.svg
    Article

    Callaway’s sales and profit plunge

    2020-05-08T11:26:00Z

    (SGI) Callaway Golf Co. saw sales for the first quarter decline by 14 percent to $442.3 million, weighed down by the impact of Covid-19 on its golf equipment and softgoods businesses, including the recently acquired Jack Wolfskin brand. Currency fluctuations negatively affected revenues by $4 million. The gross margin ...

  • Fenix_Logo
    Article

    Fenix Outdoor banks on e-commerce after a weak quarter

    2020-05-08T11:25:00Z

    Martin Nordin, chief executive of Fenix Outdoor International, expressed optimism about a recovery in the outdoor industry after the coronavirus pandemic is over, considering that it has outperformed other industries during past recessions, especially in Europe. He added that the epidemic’s negative effect on travel should lead people ...

  • johnson-outdoors-vector-logo
    Article

    Store closures weigh on Johnson Outdoors’ sales and profits

    2020-05-07T18:31:00Z

    Johnson Outdoors ’ earnings for its second fiscal quarter, ended on March 27, declined by 7 percent from the year-ago period to $20.4 million. In response to the Covid-19 crisis, the group has cut travel and non-essential spending, deferred capital expenditures and scaled operations down to match demand. ...

  • Bogs_Logo
    Article

    Bogs’ sales tumble 22%

    2020-05-07T11:34:00Z

    Sales of the Bogs footwear brand from the U.S. state of Oregon, best known for their waterproof boots, declined 22 percent in the first quarter due to Covid-19, particularly in the second half of March, with store closures affecting the company’s wholesale business. Weyco , the parent company, said ...

  • garmin
    Article

    An excellent quarter for Garmin in Outdoor and Fitness

    2020-05-02T07:52:00Z

    Garmin ’s fitness division had a stellar performance in the first quarter. Revenues in this segment soared by 24 percent to $180.3 million, as the group benefited from the home fitness boom due to the lockdowns in place in many countries. Sales were driven by advanced wearables and Tacx ...

  • Columbia Sportswear Company
    Article

    Columbia’s results are hit by Covid-19

    2020-05-01T16:09:00Z

    After a brilliant financial year in 2019, Columbia Sportswear did not have a great start to 2020 due to the Covid-19 pandemic. Its net profits stood at just $0.2 million, down from $74.2 million for the year-ago quarter, while sales dropped by 13 percent to $568.2 million. ...

  • thule-group-vector-logo
    Article

    Thule grants warrants after a small sales drop

    2020-04-29T08:32:00Z

    While withholding the payment of dividends to save cash because of the Covid-19 epidemic, Thule Group ’s annual meeting approved an incentive program for executives and key employees after the company reported a relatively small 7.5 percent decline in sales during the first quarter of 2020, with drops of 13 ...

  • Callaway_Golf_Company_logo.svg
    Article

    Callaway’s shares rise on longterm prospects

    2020-04-28T17:56:00Z

    Callaway Golf Co. released preliminary results for the first quarter which pointed to a drop in revenues and earnings due the coronavirus, but it expressed optimism going forward for its golf equipment and outdoor clothing operations, leading the share price to jump by 17 percent. The group said ...

  • Amer_Sports_Logo.svg
    Article

    Moody’s is pessimistic about Amer’s outlook

    2020-04-05T15:27:00Z

    Moody’s downgraded its ratings for Amer Sports ’ debt to the lowest level possible, issuing a pessimistic short-term outlook for the company, acquired a year ago by Anta Sports Products and other investors. Moody’s expects a 20 percent decline in the group’s revenues this year, noting that its ...

  • kathmandu-holdings-logo
    Article

    Kathmandu’s sales jump by 52% on Rip Curl acquisition

    2020-04-02T10:51:00Z

    Kathmandu Holdings had record sales and profit for the first half of its financial year, ended on Jan. 31 2020, boosted by the acquisition of Rip Curl during the period. Revenues were also driven by a good performance by its New Zealand business and robust sales at Oboz ...

  • gregory_logo_2015_trademark
    Article

    Gregory continues to outperform

    2020-03-29T16:50:00Z

    Gregory Mountain Products continued to outperform other brands in the portfolio of Samsonite International last year including High Sierra , the group’s more lifestyle-oriented brand of backpacks. Gregory raised its total turnover by 20.3 percent to $69.8 million in 2019, rising by 21.0 percent in ...

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Wolverine wants to save $500 million

    2020-03-29T15:12:00Z

    As reported in a separate article, Wolverine Worldwide was the company in our industry that got the biggest hit on the stock exchange between Jan. 1 and March 27. On March 26, Wolverine released a detailed statement about the proactive and precautionary measures that it is taking to navigate ...

  • 1200px-Anta_Logo.svg
    Article

    Anta has a strategy for loss-making Amer

    2020-03-26T09:48:00Z

    (SGI) Anta Sports Products reported a 30.3 percent increase in net income to 5,344 million yuan renmimbi (€695.4m-$752.2m) for 2019, while revenues increased by 40.8 percent to RMB 33,927 million (€4.4bn-$4.5bn). The gross margin and the operating margin reached a five-year high, but the net profit margin fell to ...

  • conzzeta_logo
    Article

    No pressure for the sale of Mammut

    2020-03-18T09:09:00Z

    As previously reported, the Conzzeta Group plans to divest its Outdoor division, which essentially consists of the Mammut Sports Group . Addressing financial analysts, the Swiss group’s management pointed out, however, that it is under no pressure to sell it at just any price because of the current economic ...

  • Viroblock
    Article

    HeiQ and Polygiene help defeat coronavirus

    2020-03-18T08:58:00Z

    HeiQ draws attention to the fact that its Viroblock NPJ03 , an antiviral and antimicrobial textile treatment, has been tested effective against coronavirus in face-mask testing, reducing virus infectivity by more than 99.99 percent. The treatment could therefore prevent textiles from becoming a host surface for the propagation of ...