All Financial results articles – Page 17
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ArticlePierer Mobility raises sales forecast for FY 2022
While many listed companies are lowering their sales forecasts in these troubled times, Austrian two-wheeler giant Pierer Mobility AG has just revised its sales forecast for fiscal 2022 for the better. According to an ad hoc release published on Aug. 29, good performance in the first half of 2022 and ...
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News briefsSamsonite continues to see improving sales trends, Gregory back to pre-pandemic levels
First half revenues 59 percent to $1,270.2 million from $799.5 million for the six months ended June 30 as the Gregory Mountain Products parent continued to experience improving sales trends that began in the second half of 2021. Excluding China, where renewed pandemic-related lockdowns impacted performance, consolidated second-quarter sales were ...
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News briefsSolo Brands generates 53 percent increase in Q2 sales
Solo Brands, a direct-to-consumer-focused company that currently owns four lifestyle brands, reported a 53 percent increase in second-quarter earnings to $136.0 million from $88.7 million for the period ended June 30. The revenue gain was driven by acquired businesses and higher DTC and wholesale channel revenues. DTC sales rose 63 ...
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ArticleThredUp loses $28 million in Q2, may lay off 15% of workforce
California-based ThredUp Inc, a company operating in the apparel resale market that also provides a platform for third-party brands, announced its financial results for the second quarter ended June 30, 2022. Revenue increased 27 percent to $76.4 million, while active buyers increased 29 percent to 1.7 million. The gross margin ...
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ArticleRevolutionRace growth slows as CEO steps down
RevolutionRace said sales growth decelerated further in July, continuing the trend seen in the fourth quarter ended June 30, when the top line grew by 16 percent to 318.2 million Swedish kronor (€30.2m), down from the 50 percent sales gain seen in the previous quarter. “Looking ahead, we are very ...
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ArticleCanadian Tire’s SportChek, Helly Hansen make key gains in Q2
Canadian Tire’s SportChek and Helly Hansen business units made strides in a period where the national retailer generated a 9.9 percent overall retail sales growth to 5,363.8 million Canadian dollars (€3.95b) and an Ebit decline of 41 percent to C$123.8 million (€10.2m) from C$208.6 million. At SportChek, which ended the ...
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ArticleCanada Goose sales up 24% in seasonally sluggish quarter
Canada Goose, confirming it has not seen any signs of slowing demand for its products, reported 24.2 percent revenue growth to 69.9 million Canadian dollars (€51.4m) from C$56.3 million in its first quarter. The Q1 operating loss widened by nearly 31 percent to C$80.7 million (€59.4m) from C$61.8 million, but ...
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ArticleLeatt reports yet another quarter of global revenue growth
U.S. over-the-counter (OTC) traded South African protective equipment maker Leatt Corp reported a 25.4 percent increase in sales (compared to Q2 2021) to $17.94 million for the second quarter of the current fiscal year 2022. Operating income increased 18.5 percent to $3.73 million, while net income increased 13 percent to ...
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ArticleWolverine beats expectations in Q2, but lowers FY guidance
Wolverine Worldwide, concerned about inventory escalation in various U.S. retail channels and the likelihood of higher wholesale order cancellations in the market for the remainder of the year, has lowered its FY22 outlook downward. Lingering supply chain delays and currency exchange rates also contributed to the revision. The adjustment was ...
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News briefsDidriksons invests in international growth
The Swedish outdoor brand Didriksons has broken new sales records, according to ehandel.se. “We are seeing an increase of 30 percent compared to last year. This is going to be our best year ever; we had the best spring ever,” Petra Sabo, head of DTC at Didriksons, commented on the ...
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ArticleBike24’s bright spot in difficult times is its young international business
Thanks to sales increases in Spain, France and Italy, the listed German cycling, running and swimming sports online retailer Bike24 Holding AG was at least able to significantly grow its international business. Nevertheless, the Dresden-based company had to accept a decline in sales of 4 percent to €67 million in ...
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ArticleWeyco's key brands rise sharply, relaunch of Forsake planned for next year
Weyco Group reported double-digit sales increases for each of its four major footwear brands in the second quarter ended June 30, prompting total revenues to rise by 29 percent to $74.4 million from $57.6 million a year earlier. The group’s brands Florsheim and Stacy Adams saw their sales rise by ...
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ArticleFox Factory with new sales records, gives cautious outlook
U.S.-based suspension specialist Fox Factory Corp. reported total revenues of $406.71 million (€399.48 million, +23.9% year-on-year) in its second fiscal quarter of 2022. This amount is split between the Powered Vehicles Group (PVD, $229.03 million, +20.9%) and the Specialty Sports Group (SSD, $177.67 million, +28.1%). SSD sales increased due to ...
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ArticleGiant Group reports historic quarterly record
With a record-breaking second quarter under its belt, Taiwanese bicycle manufacturer Giant Manufacturing Company Limited (Giant Group) has increased its H1 sales by 7.2 percent to a total of TWD 45.01 billion (€1.47 billion). Considering the rising inflation worldwide and the war in Ukraine, this is an excellent result. In ...
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News briefsJohnson Outdoors focuses on managing global supply chain issues
The U.S. parent of a portfolio of fishing, diving, camping, and watercraft brands, including Jetboil, Old Town, Eureka! and Ocean Kayak, saw its third-quarter gross margin dip to 36.1 percent from 45.7 percent in the year-ago period due to increased material costs that were driven by supply chain dynamics. With ...
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ArticleJack Wolfskin sales grow double-digit despite headwinds in China and Europe
Callaway reported record second-quarter results, driven by sales and operating profit growth at its top golf facilities. Callaway said pricing and other business improvements implemented in the first half of the year enabled the company to “outrun the ubiquitous inflationary pressures, unfavorable foreign currency exchange rates and staffing challenges.” Net ...
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ArticleYeti sees plenty of upside from markets outside U.S.
Yeti, the premium drinkware and cooler brand, says it will focus on driving consumer relevance and “developing optimal omnichannel distribution” in the six European markets, Japan and Australia, where it already has brand penetration. After launching a website in the U.K. in 2019, the company added websites in Germany, France, ...
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ArticleCompass Diversified lifts guidance after Q2 sales surge by 19%
Compass Diversified (CoDi) lifted its outlook for the full year after a 19 percent rise in second-quarter net sales growth driven by Boa Technology and Lugano Diamonds. Net sales rose to $515.6 million from $431 million a year earlier. Net income increased to $31 million compared to a net loss ...
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ArticleLenzing sees “significantly higher” Ebitda as H1 revenues jump
Specialist fiber maker Lenzing Group said it expected annual Ebitda to be significantly higher after reporting a 25 percent jump in half-year revenue, driven by higher fiber prices. The company said revenue in the six months to June 1 rose to €1.3 billion, compared with £1.03 billion a year earlier. ...
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News briefsRocky Brands’ margins hurt by cost pressures
Rocky Brands suffered a significant decline in second-quarter gross margin to 33.2 percent from 37.4 percent in the year-ago quarter due to higher products and inbound freight costs coupled with higher logistics expenses. Despite the negative impacts, the company said it did not experience any noticeable sales slowdown related to ...
