All Financial results articles
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ArticleAnta Sports publishes profit warning
Amer Sports’ profitability is apparently improving faster than that of the rest of the Anta Sports Group . In a profit warning, Anta, which heads up the joint venture that took over the group two years ago, says it expects a decline in the losses of a joint venture, ...
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Goldwin sets new financial and sustainability targets
Goldwin has laid out a plan to reach an annual turnover of 125 billion yen (€940m-$1.15bn) by the financial year ending in March 2026, up from 100 billion this year, while transitioning to 100 percent recycled and biosynthetic materials. The Japanese company, which markets 18 different brands in its ...
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Wolverine Worldwide expects strong second quarter
Ahead of investor meetings to be held during the virtual Baird 2021 Global Consumer, Technology, and Services Conference on June 8, Wolverine World Wide, Inc. today provided a business update stating that the company expects second-quarter 2021 revenue to exceed second quarter 2019. The company noted that its ...
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Article
Zumiez sales more than doubled
In its Q1 ended May 1, Zumiez, the U.S. action sports retailer whose assets include Blue Tomato in Europe, beat financial analysts’ forecasts, increasing its global sales 102.6 percent to $279.1 million. This resulted in a net profit of $26.4 million for the quarter, compared to a net loss of ...
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Buff reports 63% growth in fiscal 2020-21
Buff closed its fiscal year on April 30 with record sales of €85 million, a growth of 63 percent compared to the previous year (€52 million). The Spanish company attributed the good performance to the boom in outdoor sports and the production of protective equipment during the pandemic. In ...
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Article
Vista unveils four-year plan with ambitious strategic goals
With a successful fourth quarter under its belt, Vista Outdoor , headquartered in Anoka, Minnesota, has released its “ Roadmap to 2025 .” The plan calls for annual sales growth of more than 10 percent, including acquisitions, and an EBITDA margin that is expected to increase from the current ...
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Article
Goldwin turns around in Q4, budgets 10% growth
Goldwin’s sales fell by 7.6 percent to ¥90,479 million (€678.0m-$830.5m) in the financial year ended March 31, 2021, while operating profit declined by 15.1 percent to ¥14,838 million (€111.2m-$136.2m), better than a forecast made in February for declines of 10.1 percent and 28.5 percent, respectively. Attributable earnings inched down ...
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Article
VF’s momentum on the rise, positive outlook for 2022
VF Corp. ended its fiscal year on a high note, prolonging a recovery that started in the second quarter. For the fourth quarter ended March 31, the company confirmed that its momentum is accelerating, delivering revenues that increased by 23 percent to $2,582 million, or 19 percent in constant ...
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Article
Deckers grows in Q4, led by further expansion of Hoka One One
Deckers Brands ’ sales growth gained momentum in the fiscal fourth quarter, led by the continued global expansion of Hoka One One and a strong showing at its core Ugg brand. In the three months ended March 31, the group’s revenues increased by 49.7 percent to $561.2 million and ...
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Movement Skis suffers 15% revenue drop
Swiss ski brand Movement Skis registered revenues of CHF 8.5 million (€7.7m-$9.4m) in 2020, representing a 15 percent decline as compared to 2019. Sales were negatively impacted by the measures imposed by authorities in several countries to limit the effects of the Covid-19 pandemic, which affected the ski ...
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Article
Canada Goose forecasts record revenue as Q4 profits rise
Canada Goose forecasts 2022 revenues to exceed 1 billion Canadian dollars (€680m-$826m) for the first time after reporting a better-than-expected rise in sales for the fiscal fourth quarter driven by strong demand in China and online sales. Revenues rose to CA$208 million (€141.4m-$171.7m) for the three months to March ...
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Merida’s sales shift into double-digit range
When it comes to business figures, Taiwan’s second-largest bicycle manufacturer Merida Industry Co., Ltd. (aka Merida Bikes ) is always a little reserved. Looking ahead to Q1 of fiscal 2021 and beyond, the manufacturer has released sales figures in value terms, although it has not provided any details on ...
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Gregory’s backpacks outperform Samsonite’s results in Q1
Gregory had by far the best performance in the first quarter within the Samsonite International group, whose luggage business has been deeply affected by the travel and retail restrictions imposed by the Covid-19 outbreak. The brand of technical backpacks and hydration gear booked sales of $15.8 million in ...
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Article
Leatt’s chase for records continues
South African head-to-toe protective equipment supplier Leatt Corporation continues to chase records. Its just-released first quarterly report of 2021 shows record sales of $12.90 million. Compared to the first three months of the previous year, this is an increase of 71 percent. Operating income was even up 459.6 percent ...
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Yeti’s DTC exceeds 50% in Q1
Yeti , the U.S. brand of coolers, drinkware and other outdoor gear, reported a 260 percent increase in net income to $30.52 million from $8.48 million on sales up 42 percent to $247.55 million from $174.41 million in the first quarter. Wholesale and DTC improved on growth in the coolers ...
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Helly Hansen maintains sales momentum, Canadian Tire’s e-commerce soars
Helly Hansen ’s revenues for the first quarter ended April 3 increased by 12.2 percent to 136.3 million Canadian dollars (€92.8m-$112.1), growing at the roughly same pace as in the fourth quarter of 2020 despite continuing store closures and restrictions on store operations because of the Covid-19 pandemic. Canadian ...
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Giant Group boosts sales and profit to record levels thanks to e-bikes
Continued strong global market demand for bicycles and e-bikes has brought Taiwan’s largest bicycle manufacturer Giant Group both record revenue and record profit in the first sales quarter of the current fiscal year 2021. While quarterly sales grew at double-digit rates compared to the first three months of last ...
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Article
Wolverine raises guidance due to strong first quarter
Footwear company Wolverine Worldwide raised full-year guidance due to better-than-expected e-commerce growth and optimism over Covid-19 vaccine rollouts. Revenues in the three months to April 3 rose 16.3 percent to $510.7 million but missed estimates of $511.8 million. Wolverine, which owns the Sperry , Hush Puppies , Saucony ...
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Article
Jack Wolfskin recovers from pandemic faster than expected, online sales up 108%
Callaway Golf Co. saw revenues in the first quarter soar by 47.3 percent as compared to the year earlier to $651.6 million, amid “unprecedented” demand for its golf equipment and a faster-than-expected recovery from the Covid-19 pandemic for Jack Wolfskin and the rest of its softgoods businesses and the ...
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Article
Clarus raises full-year guidance after Q1 sales jump
Clarus Corp , the parent company of Black Diamond and Pieps, raised its sales and adjusted Ebitda guidance for the full year, after posting a top line of $75.3 million in the first quarter, up by 41 percent on a reported basis and 39 percent higher at constant currencies. Excluding ...
