All Financial results articles
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ArticleHoka and Ugg with strong performance in Q1, Deckers CEO retires
A 30 percent increase in revenue at Hoka and strong DTC sales are largely responsible for a strong first quarter at Deckers Brands.
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ArticleColumbia’s brand awareness rises in Europe despite Q2 loss
While performing better in important overseas markets than in North America, Columbia Sportswear maintains its full-year guidance despite a weak second quarter.
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ArticleRapala VMC feels market improvement but sees potential troubles ahead
Rapala VMC, despite experiencing favorable market conditions during H1, including improved retail activity, is expressing some worry about the upcoming winter season.
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ArticlePolygiene making progress on turnaround
Polygiene turned an operating profit of 2.6 million Swedish kronor (€222,800) against a loss of SEK 4.0 million (€342,700) in Q2 ended June 30, as cost-cutting measures and strategic changes made last year began to take effect. The Swedish group’s quarterly revenues rose by 43 percent to SEK 36.4 million ...
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ArticleFenix Outdoor’s capital, inventory advances unable to offset market malaise
Outdoor market problems, including high retail inventory levels and impactful weather conditions, continue to impact progress at Fenix Outdoor despite the company’s liquidity and inventory level improvements. Group Executive Chairman Martin Nordin attributed the current outdoor market conditions to a consumer shift to less expensive products and possibly a post-Covid ...
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ArticleCSG increases purchase price for The Kinetic Group to $2.15bn
CSG increased the base purchase price for acquiring The Kinetic Group business by $50 million to $2.15 billion, while Vista Outdoor reaffirms its FY25 outlook and reports preliminary Q1 results.
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ArticleMips sales bounce back to double-digit growth
In the second quarter of 2024, Mips AB generated net sales of 133 million Swedish kroner (€11.54m). According to the company, the sales growth of 30.4 percent compared to Q2 2023 can primarily be attributed to a normalizing inventory situation in the sports category.
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ArticleThule Group operating income rises 3% in Q2
Thule Group AB, despite a promotional North American market and lower RV products across Europe and Rest of World, reported a 3 percent gain in operating income to 732 million Swedish kroner (€63.3m) for the quarter ended June 30. Net income increased by 3.7 percent to SEK 559 million (€48.4m) ...
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ArticleOutdoor slowdown impacts Helen of Troy results
Helen of Troy experienced a 520-basis point decline in Q1 adjusted operating margin for its Home & Outdoor segment to 10.6 percent from 15.8 percent for the period ended May 31.
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ArticleNaturkompaniet’s turnover increased to €75m in 2023
Naturkompaniet’s turnover in Sweden increased by 34 million Swedish kronor in 2023, reaching SEK 854 million (€75.4m) compared to SEK 820 million (€72.4m) the year before. The Outdoor Industry Compass spoke with CEO Henrik Hoffman about the latest numbers.
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ArticleSurprise 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 ...
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ArticleUSWE 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 ...
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ArticleIdeal 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.
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ArticleTeva 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 ...
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ArticleStill 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 ...
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ArticleVF 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 ...
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ArticleAmer 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 ...
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ArticleDTC 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 ...
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News briefsAngling 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. ...
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ArticleLeatt 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 ...
