All Financial results articles

  • rotor-bike-components-logo-500px-blk.x85643

    Surprise drop in FY23 sales at Rotor


    Rotor, the Spanish producer of bicycle components, had projected record sales for the full year 2023 but has ended up posting a 20 percent decline in revenues to €17.5 million, according to CMDsport. The company is now projecting a reversal of the reversal for the current year, hoping to achieve ...

  • USWE Group

    USWE with 49% organic growth in Q4, annual sales surpassing SEK 100m


    The organic net sales of USWE Sports AB, the Swedish parent company of USWE, Void Cycling and Giant Loop, increased by 49 percent in Q4 (January to March) compared to the same period last year. According to the company, this growth was primarily driven by increased sales to wholesalers and ...

  • IdealGebäude overall

    Ideal Bike reduces loss while revenue drops significantly


    Following Taiwan’s leading bicycle manufacturers Giant and Merida, Formosa’s third largest bicycle manufacturer Ideal Bike Corporation is not looking any better either. According to 2024’s first quarterly report, Ideal Bike achieved net sales of TWD 627.45 million (€17.96 million). Compared to the first three months of the previous year, this is an impressive decline of 39.9 percent.

  • Deckers

    Teva and Sanuk down, while Hoka accounts for strong FY24 at Deckers


    Deckers Brands, the parent of Hoka and Teva, among others, ended a successful fiscal year by reporting a 36 percent operating income increase in the final period to $144.3 million compared to $105.9 million. Gross margin expanded by 620 basis points to 56.2 percent. Revenues increased by 21 percent ...

  • MeridaAussenansicht HQ Dacun Township Changhua County2

    Still no turn for the better for Taiwanese bicycle manufacturers


    After Taiwan’s leading bicycle manufacturer Giant Manufacturing already reported a double-digit drop in sales for the first quarter of 2024, the country’s number two, Merida Industry Co. is now following suit with its Q1 results: Compared to the first three months of the previous year, Merida’s consolidated sales in Q1 ...

  • VF_Blue_Ball_New_Logo

    VF share plummets 11.7% after poor Q4 results, but beats full-year cash flow forecast


    VF Corp. failed to exceed consensus estimates for quarterly sales and profit for a fourth consecutive quarter. The latest bad news for the parent of The North Face (TNF), Vans, Timberland and Dickies, among others, sent VF’s shares down 11.7 percent in after-market trading on May 22. The stock has ...

  • Amer_Sports_Logo.svgz

    Amer Sports’ Q1 revenue growth driven by Arc’teryx


    Bolstered by constant-currency growth of 48 percent for its Technical Apparel segment, including the Arc’teryx business, Amer Sports delivered Q1 sales and profitability above guidance in Q1. Operating profit fell by 16 percent to $109.0 million from $130.4 million in the period ended March 31. Ebit tumbled by 67 percent ...

  • Canada Goose

    DTC drives Canada Goose


    Canada Goose, which recently hired its first creative director to reshape its product portfolio and elevate its creative aesthetic, reported a 31 percent improvement in Q4 operating income to C$7.6 million (€5.1m) against a C$10.0 million loss in the year-ago period. Net income attributable to shareholders was C$5.0 million. Gross ...

  • Angling Direct
    News briefs

    Angling Direct sees full-year profit double


    UK-based fishing tackle retailer Angling Direct saw its pre-tax profits climb to £1.5 million (€1.7m) in the year ended Jan. 31, 2024, up from £700,000 (€815,000) the year before, driven by the development of its omnichannel offer and the growth of its store footprint. Gross margin increased by 34.9 percent. ...

  • Leatt

    Leatt Q1 sales continue to decline, but inventories normalize


    After a sales boom during the pandemic years, the shares of the South African manufacturer of protective equipment for motorized and non-motorized off-road two-wheelers Leatt Corporation (traded OTC in the US), like many others, have experienced a “down-to-earth” development in the post-Covid period. This continued in the first quarter of ...

  • Giant Group HQ
    News briefs

    Giant Group says stock overhang also weighs on Q1 sales results


    The ongoing strained situation in the bicycle industry also has an impact on the sales results of the leading Taiwanese bicycle manufacturer Giant Manufacturing Company Ltd in the first quarter of 2024. The continued large-scale reduction in inventories in Europe and North America and the reluctance to place orders on ...

  • vista_outdoor_logo_kopie_8

    Vista Outdoor weighs buyout offer, reports Q4 results


    The board of Vista Outdoor continues to recommend the sale of its The Kinetic Group to Czech group CSG, which would pay shareholders $12.90 a share in cash and one share in its Revelyst spin-off. However, the company will conduct a special meeting on June 14 to consider another buyout ...

  • Solo
    News briefs

    Solo Brands hurt by lower DTC traffic in Q1


    Solo Brands reported an operating loss of $6.4 million against a profit of $3.2 million for the period ended March 31. Adjusted Ebitda tumbled 72 percent to $4.3 million as gross margin sunk by 250 basis points to 59.2 percent on a shift in channel mix to the lower gross ...

  • helly-hansen_Logo
    News briefs

    Helly Hansen sales fall in Q1


    Reported Q1 sales at Canadian Tire-owned Helly Hansen declined by 7.8 percent to 192.2 million Canadian dollars (€130.3m) from C$208.4 million for the three months ended March 30. Brand sales outside of Canada accounted for nearly 93 percent of the total, or C$178.2 million (€120.8m). The Norwegian company’s constant currency ...

  • YETI-USA-Logo-Social

    Yeti bumps up FY income outlook after solid Q1


    The outdoor product group maintained its full-year adjusted sales outlook of 7 to 9 percent growth. However, after reporting strong Q1 results, Yeti moved its adjusted operating income percentage target up slightly to 16.0 to 16.5 percent. Operating income rose by 71 percent to $25.8 million from $15.1 million ...

  • jack-wolfskin-logo-1 Kopie
    News briefs

    Topgolf Callaway Brands lowers guidance on soft Wolfskin trends, currency


    Topgolf Callaway Brands has dropped its annual revenue guidance range to $4.44–$4.48 billion, citing both significant currency volatility and weaker trends in its Jack Wolfskin business. In Q1 ended March 31, the group’s Active Lifestyle segment suffered a 15.2 percent revenue decline to $271.5 million due to lower wholesale sales ...


    Emerging ‘proof points’ are positive news for Wolverine


    In a self-proclaimed “transition year,” Wolverine Worldwide is beginning to witness ”proof points” that it hopes will signal an ongoing turnaround for the Saucony, Merrell and Sweaty Betty parent. These developments in Q1, where the company exceeded Wall Street’s revenue guidance, included higher gross margins, less promotion in the direct-to-consumer ...

  • GoPro_Logo

    GoPro says turnaround will take more time as Q1 loss widens


    GoPro’s Q1 revenues exceeded its guidance, but the operating loss increased for the period ended March 31. Founder and CEO Nicholas Woodman said the company is making progress on its multi-year strategy. Still, he urged investors to be patient as GoPro continues investing in a broader product line and retail ...

  • Logo-orbea-bikes
    News briefs

    Orbea’s revenue down for the first time in 8 years


    Orbea closed out full-year 2023 with its first drop in revenues in eight years, according to Palco23. Although the Basque cycling brand does not disclose them in full, sales appear to have come in at around €374.4 million, down by 6.4 percent from the previous year’s €400 million or so. ...

  • LOWA-HQ in Jetzendorf, Oberbayern
    News briefs

    Lowa’s 2023 financial results stable despite weaker demand


    Lowa’s production volume has been stable in the past financial year despite weaker market demand and delays due to introducing new IT systems in production. In its 100th year, the German hiking and mountaineering boot specialist, part of the Italian Tecnica Group, sold around 3.06 million pairs of shoes, roughly ...