All Financial results articles – Page 34
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News briefsNewell Brands reports quarterly loss for Outdoor & Rec business
The third quarter operating loss in Newell Brands’ Outdoor & Recreation segment, which includes Coleman and CampingGaz, was $42 million against a profit of $6 million for the three months ended Sept. 30. The results include a non-cash impairment charge of $22 million. The normalized operating loss was $7 million ...
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ArticleDeckers raises full-year guidance again on continued strength of Hoka, plans to divest Sanuk
Bolstered by sales contribution from its Ugg brand and continued momentum in its Hoka business, Deckers Brands generated a 76 percent increase in Q2 operating income to $224.6 million on nearly 25 percent total net sales growth to $1.09 billion for the three months ended Sept. 30. Net income was ...
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ArticleThule gets Q3 boost from bike-related sales in Europe
Sales increased by 8.0 percent to 2,311 million Swedish kroner (€196.0m) for the three months ended Sep. 30 but were up only 0.8 percent on a constant-currency basis. Operating income rose by 86 percent year-over-year to SEK 359 million (€30.4m) as the company’s new CEO and President Mattias Ankarberg took ...
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ArticleColumbia lowers FY23 outlook, braces for challenging Spring ’24
Columbia Sportswear, despite making strides in its ongoing inventory reduction program and improving its quarterly gross margin by 70 basis points to 48.7 percent, reported a 7 percent decline in Q3 net income to $103.5 million from $111.8 million for the period ended Sep. 30. Period operating income was also ...
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News briefsPolygiene with operating loss in Q3 due to lower sales
Despite a 30 percent decline in third-quarter revenues to 28.7 million Swedish kroner (€2.4m) and a corresponding operating loss of SEK 2.4 million, Polygiene is optimistic about Q4 results as early orders have exceeded expectations. The group, which said Q3 results showed signs of a slow recovery, has shifted its ...
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News briefsBike24 again revises 2023 revenue forecast
Based on preliminary calculations for the third quarter of 2023, the Management Board of listed e-commerce bicycle retailer Bike24 Holding AG decided on Oct. 25 to adjust the forecast for the company’s revenue development in fiscal year 2023, or more precisely: to correct it downward. The company’s already revised forecast ...
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ArticleMips: Gloomy year due to high inventory levels
Both weak demand and high inventory levels in the bicycle helmet category, which is also served by helmet safety technology provider Mips AB, led to another whopping 31.9 percent drop in sales in Q3 of FY23 compared to the same quarter in 2022. However, the situation gradually improved during the ...
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News briefsAngling Direct announces half year sales and profit growth
UK-based fishing tackle retailer Angling Direct has announced total group sales of £43.3 million (€49.6m) for the first six months ended July 31, representing an 11.4 percent increase. Like-for-like store sales increased by 4.9 percent. Domestic retail stores were £24.4 million (€28.0m), up 11.3 percent. Online sales rose by 8.3 ...
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ArticleShimano cites weak demand as nine-month results slip
Numerous global factors, including a “lackluster economy” in Europe and a ”sluggish” recovery in China, Shimano reported a 19.8 percent decline in total sales to ¥375.27 billion (€2.36bn) for the first quarters of fiscal 2023. Operating profit fell by 43.0 percent to ¥72.09 billion (€453.0m) from ¥126.58 billion for the ...
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News briefsInventory levels weigh on Outnorth’s FY2022
International outdoor e-tailer Outnorth, based in Växjö, Sweden, has presented its financial results for FY2022. Net sales increased slightly to 1.1 billion Swedish kroner, compared with SEK 1.073 billion a year earlier. At the same time, operating profit fell significantly to SEK 2.1 million, down from nearly SEK 60 million ...
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ArticleAccelerated travel demand boosts Osprey sales in Q2
After citing Osprey’s recent strong performances in Great Britain and Germany, parent Helen of Troy says the outdoor brand should generate additional sales growth in H2 on demand for its core backpack and in the adjacent on-trend travel packs. Osprey, thanks to accelerated travel demand and an improved year-over-year inventory ...
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ArticleSSU delists from NYSE, new CEO
After assuming earlier this year that the worst of the market disruptions were over, Signa Sports United N.V. (SSU), the Berlin-based sports e-commerce specialist, has now announced an acceleration of its strategic realignment and performance improvement program. Ahead of putting its Q3 numbers on the table, the company is ...
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ArticleKMD Brands’ FY results marred by poorer consumer sentiment in Q4
Strong sales growth from all three of KMD Brands’ brands – Rip Curl, Kathmandu and Oboz – was offset by weaker results in the year’s final period ended July 31. Annual Ebitda rose 11.2 percent to 200.1 New Zealand dollars (€117.1m), but net profit was essentially flat at NZ$36.6 million ...
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News briefsUptick at last in sight for Calzados Bestard
So far Calzados Bestard’s revenues for 2023 are down 18 to 19 percent from the comparable year-ago period, but the high season for boot sales is yet to come, and certain accounts have begun to buy again, months after their last replenishment of stock. Whatever the drop, moreover, current revenues ...
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News briefsGarmont posts double-digit sales growth in H1
Italian outdoor footwear manufacturer Garmont saw its sales increase by 16 percent in the first half of the year as compared to the same period of 2022, with Ebitda up 38 percent. The company attributed the growth in the first half to the outdoor segment and its new products for ...
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ArticleRotor taking a hit in revenues
Rotor, the Spanish manufacturer of bicycle components, had the best year in its history in 2022, when revenues fell just shy of €22 million, improving by 30 percent on the previous year, but things have since slowed. The first half of 2023 produced a 25 percent drop in sales, and ...
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News briefsBuff expects to return to growth this year, after the post-pandemic drop
Buff, the Barcelona-based headwear outfitter, has posted revenues of €48.2 million for the financial year ended on Apr. 30, down from €49.6 million in the previous year. The company said that results were consistent with a “transition year” in the North American market, whereas the European market recorded significant growth. ...
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News briefsRevenues just keep rising at Trek Spain
With the close of its financial year 2022, Trek Bicycle’s Spanish subsidiary has racked up at least six consecutive years of record revenues, according to CMDsport. This time around, revenues amounted to €57.32 million, up almost 33 percent from FY 2021’s €43.15 million. This was both the company’s first time ...
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News briefsRenewcell posted revenue surge in Q2, but still reported a net loss
Swedish textile-to-textile recycling innovator Renewcell increased net sales to 84.8 million Swedish kronor (€7.1m) in the second quarter, up from 29.7 million Swedish kronor (€2.5m) in the first quarter of 2023. The company still reported a net loss for the period, although this improved from 125.4 million Swedish kronor (€10.5m) ...
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ArticlePierer reports strong H1 sales and revenue, PTWs offset bicycle sales
Pierer Mobility AG achieved record sales of EUR 1.39 million in the first six months of the year (+20.2 percent compared to the first half of the prior year). This result is mainly due to the excellent development of the PTW (Power Two-Wheelers = motorcycles and e-bikes) business. Group-wide, around ...
