All Financial results articles – Page 20
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ArticleSeventh consecutive quarterly sales record for Leatt
Leatt Corporation continues to ride on a profitable high. The Q1 2022 results are not only the seventh consecutive quarterly revenue record but also the 16th straight quarter of steady growth. The South African company, listed on the U.S. stock exchange via the over-the-counter (OTC) market, posted total sales of ...
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News briefsGregory sales decline slightly in Q1, impacted by Asia and Europe
Samsonite International reported that Gregory Mountain Products sales declined 4 percent to $15.1 million in Q1 2022 from $15.8 million a year earlier, making it the only Samsonite brand to report a decline in the period. Sales in North America increased 5 percent due to the easing of social distancing ...
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News briefsHelly Hansen pauses Russian ops; Q1 sales up 24 percent
Helly Hansen has “temporarily paused” its operations in Russia due to the war in Ukraine, the company’s publicly traded parent Canadian Tire Corporation (CTC) has announced in a filing. The outdoor brand’s business in Russia consists of 41 retail stores and an e-commerce site, employing more than 300 total. CTC ...
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News briefsJack Wolfskin positioned for growth as Callaway lifts group guidance
Callaway Golf raised annual guidance after a strong first quarter, driven by its Topgolf driving range venues, strong performances from its other segments and positive signs from its Jack Wolfskin brand. Revenue for the three months to March 31 rose 59.6 percent to $1.04 billion (€990m). Adjusted Ebitda was up ...
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ArticleBike24 reports solid Q1 sales and earnings in a difficult environment
German online cycling, running and swimming sports retailer Bike24 Holding AG increased its sales in the first quarter of 2022 “in a challenging environment and driven by consistent execution of its European expansion strategy” by a solid 7.3 percent to a total of 61.79 million euros. According ...
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ArticleSolo Brands records 19% sales increase in Q1
Solo Brands, the U.S. DTC company owning the Solo Stove, Oru Kayak, Isle paddleboards and Chubbies apparel brands, said its sales increased 19.0 percent to $82.2 million in Q1 2022, ended March 31, compared to $69.1 million in the first quarter of 2021. The increase was driven by the acquisitions ...
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ArticleYeti sees big growth potential outside U.S.
Yeti’s first-quarter international sales rose 45 percent to $37.4 million from $25.8 million to account for 13 percent of period revenues and Yeti management thinks the segment can grow to more than 20 percent of its overall business over the long term. Despite current geopolitical headwinds in Europe, Yeti is ...
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ArticleClarus' outdoor results impacted by supply chain, logistics
Clarus Corp. posted a 7 percent decline in first-quarter net income to $5.3 million from $5.67 million despite a 50 percent increase in revenues to $113.3 million from $75.3 million. Sales benefitted from contributions from acquisitions Rhino-Rack ($24.5m) and Maxtrax ($24.5m). Outdoor segment sales were essentially flat at $51.5 ...
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ArticleRevolutionRace sees 50% Q3 sales gain despite supply chain problems
RevolutionRace (RVRC), the Swedish DTC outdoor company, continued to grow rapidly in the third quarter of its financial year, as sales increased by 50 percent to 367.4 million Swedish kronor (€34.6m) despite persistent supply chain problems for some of its products. On a constant currency basis, sales in the three ...
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ArticleEmerald’s recovery momentum continues
Trade show organizer Emerald Holding, Inc. reported revenue of $98.5 million for the first quarter of 2022, an increase of $85.6 million, or 663.6 percent, from $12.9 million in the first quarter of 2021. The company said it successfully hosted 31 in-person trade shows, conferences and other events with more ...
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ArticleLenzing’s Q1 revenues grow double-digit despite rising costs
Lenzing, the Austrian manufacturer of wood-based specialty fibers, posted revenues of €615 million in the first quarter of 2022, representing a 25.7 percent increase year-on-year, primarily driven by continued high demand for wood-based biodegradable specialty fibers and higher fiber prices. Specialty fibers currently account for 73.3 percent of its fiber ...
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News briefsSpain’s Orbea posts sixth consecutive year of growth
As CMDsport and other Spanish outlets are reporting, Orbea announced at its annual meeting on May 7 that it had recorded a sixth consecutive year of growth. Sales for the Spanish-Basque bicycle company rose by 41 percent year-on-year to €282 million. More than four-fifths (81 percent) of these sales came ...
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News briefsHövding changes hands and delists from the stock exchange
Investor Joel Eklund and his Malmö-based investment company Fosielund Holding AB made a mandatory offer for Hövding at the end of 2021 after exceeding the threshold of 30 percent of shares in the company. In March, Hövding received an interest-free hybrid loan of SEK 50 million (€4.7m) from Fosielund, and ...
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ArticleJohnson Outdoors gets lift from camping, but fishing sinks
Johnson Outdoors’ operating income slipped 57.2 percent to $15.4 million from $36.0 million as total revenues fell 8.0 percent to $189.6 million from $206.2 million for the second quarter ended April 1. Gross margin slid to 36.2 percent from 45.2 percent, a decline the company blamed on higher material and ...
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ArticleFox Factory forecasts overheated bike product sales “back to normal” in winter 2022
In its first sales quarter of the current fiscal year 2022, suspension specialist Fox Factory Holding Corp reported a 35.6 percent increase in its earned revenue of $377.98 million compared to the previous year’s first quarter. Net income of $48.05 million also increased by a double-digit 26.5 percent. Fox Factory ...
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News briefsCoDi’s consumer business driven by Boa
Compass Diversified’s (CoDi) branded consumer business was led by Boa Technology in the first quarter ended March 31 as the closure system brand generated a 75 percent increase in adjusted Ebitda to $24.9 million from revenue growth of nearly 56 percent to $56.8 million as compared to $36.5 million. Elsewhere ...
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ArticleWeyco sales nearly double in Q1
Weyco Group’s revenues reached $81.4 million in the first quarter ended March 31, a record for the period and nearly double the $46.9 million seen the year earlier, when the Covid-19 pandemic heavily impacted sales. Revenues were 10 percent higher than the first quarter of 2019, ahead of the health ...
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ArticleVista Outdoor to separate into two; Q4 and FY profits soar
Vista Outdoor, which currently has a portfolio of 39 brands, including five it acquired over the last year, intends to separate its outdoor products and sporting products segments into two independent, publicly-traded companies. The current completion date for the transaction is sometime in 2023, when Vista sees additional acquisitions before ...
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ArticleMoncler records 61% sales growth in Q1
Moncler generated sales of €589.9 million in the first quarter of 2022, up a reported 61 percent on the year earlier and a 60 percent increase at constant currency rates. In the three months ended March 30, 2022, sales at constant currencies were also 58 percent higher than in the ...
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ArticleRocky Brands almost doubles Q1 net sales driven by strong wholesale performance
U.S. footwear company Rocky Brands’ sales for the three months to March 31 rose 90.5 percent year on year to $167.0 million. The figure includes $64.0 million in net revenue from the company’s Boston Group, compared with $6.5 million in the same period last year. The Boston group includes The ...
