All Financial results articles – Page 35
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News briefsAngling Direct posts double-digit revenue growth
England-based fishing tackle retailer Angling Direct saw its revenues increase by 11.4 percent to £43.3 million (€50.6m) in the first half of its financial year ended July 31, up from £38.9 million (€45.4m) a year before. Sales in the U.K. rose by 10.1 percent to £40.9 million (€47.8m). European sales ...
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News briefsAmer Sports with best H1 since acquisition by Anta Sports
Helsinki-based sports equipment manufacturer Amer Sports has recorded its best H1 since the company was acquired by a consortium of buyers led by the Chinese group Anta Sports Products Ltd. in 2019. Amer’s revenues rose by 37 percent to 13.27 million yuan renminbi (€1.77bn) for the six months ended June ...
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ArticleNew Wave pushes operating profit up despite small sales dip
New Wave Group, which added Swedish outdoor company Tenson AB to its sports & leisure portfolio on July 1, realized a 4.2 percent increase in segment operating income to 140.2 million Swedish kroner (€12.5m) from SEK 134.5 million for the three months ended June 30. Segment sales declined by 1.4 ...
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News briefsSamsonite pack sales increase by 17 percent in H1
Samsonite did not breakout sales of Gregory Mountain Products in its H1 report. Instead, the pack brand was lumped into an Other segment along with High Sierra, Kamiliant, ebags, Xtrem, Lipault and others. Collectively, the nine pack labels and selective third-party brands sold through the group’s Rolling Luggage and Chic ...
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ArticleLeatt’s 2023 numbers make 2022 look like a dream
Leatt Corporation swallowed another double-digit 31.2 percent preliminary revenue decline down to US$12.35 million (€11.27 million) in the second quarter of its current fiscal 2023. But there may be some good news on the horizon for the protective equipment maker.
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News briefsRevolution Race posts strong FY, but profits decline
Swedish DTC outdoor company Revolution Race (RVRC) has released its fresh financial report for Q4 – the period between April 1 and June 30, 2023. According to the report, the industry up-and-comer’s net sales rose 14 percent to 362 million Swedish kroner (€30.3m), compared to SEK 318 million (€26.6m) in ...
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ArticleMerida H1 sales and profit down
In the first half of 2023, Taiwan’s second largest bicycle producer Merida Industry Co, Ltd. posted a single-digit sales drop and a double-digit profit drop, mirroring that of its compatriot and leading bicycle producer, Giant Manufacturing Ltd.
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ArticleYeti sales outside US rise 18 percent in Q2
Yeti, the Texas-based drinkware and cooler company, generated 18 percent Q2 sales growth in markets outside the U.S. to $56.7 million, as US revenues fell by 7 percent to $345.9 million for the period ended July 1.
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ArticleDespite positive signs, Bike24 posts further losses due to high future investments
In the second sales quarter of 2023, German e-commerce bicycle retailer Bike24 Holding AG brought in revenues of €62.9 million, down 6.1 percent compared to the same period in 2022. But there are some positives on the horizon, with the measures introduced to increase profitability beginning to show effects.
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ArticleGiant Group H1 down in the west but up in China
In the first half of 2023, Taiwan’s bicycle producer Giant Group reached consolidated overall sales of NT$42.58 billion (€1.22 billion). A 5.4 percent drop compared to the first six months of last year, but one region showed a strong sales performance.
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ArticleWolverine Q2 results slump, new CEO set to lead turnaround
Chris Hufnagel, who was just named the President and CEO of Wolverine Worldwide, Inc. with immediate effect following the sudden departure of Brendan L. Hoffman, faces numerous headwinds from day one, with the group’s Q2 figures now released. They range from getting inventory and debt to proper levels and driving ...
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News briefsHelly Hansen sales dip in Q2
Canadian Tire, which owns the Norwegian outdoor brand Helly Hansen, reported a 2.9 percent decline in Q2 revenues for Helly Hansen to C$135.6 million (€92.8m) from C$139.6 million for the period ended June 30. The company cited the timing of wholesale shipments for the sales drop. In Norwegian kroner, Q2 ...
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ArticleClarus posts Q2 loss, revises FY guidance downward
Despite 28 percent year-over-year sales growth in the direct-to-consumer channel, Clarus Corp. reported a Q2 loss of $2.1 million against a profit of $3.8 million for the period ended June 30.
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ArticleFox Factory’s PVG & AAG sales increase offsets SSG sales decline
The bad news first: Suspension expert Fox Factory Holding Corp.’s (Easton Cycling, Fox, Marzocchi and Race Face brands) cycling business, grouped under Specialty Sports Group (SSG), slumped again in the second sales quarter of current FY 2023. The good news is that sales increases at its sister group Powered Vehicle ...
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ArticleSolo Brands lifts Ebitda margin as Q2 wholesale revenues soar
Solo Brands lifted its annual Ebitda margin target after a strong rise in second-quarter earnings and wholesale revenues. The owner of four lifestyle brands said wholesale revenues increased 57 percent to $31.3 million in the three months to June 30, compared to $19.9 million a year ago. Direct-to-consumer sales fell ...
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News briefsJohnson Outdoors’ Q3 operating income falls by 27 percent
Johnson Outdoors’ total revenues declined by 8 percent to $187.0 million from $203.8 million for the U.S. parent company of a portfolio of fishing, diving, camping and watercraft brands, including Jetboil, Old Town, Eureka! and Ocean Kayak as operating income slid 27 percent to $17.4 million from $23.8 million. Ebit ...
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ArticleInterest income and currency gains drive net profit in Garmin's Q2
Boosted by more than $29.6 million in interest income and gains on foreign currency, Garmin posted 11.7 percent net income growth to $287.9 million from $257.9 million. Without the two gains, the group’s profit would have been essentially flat for the period ended July 1. Second quarter operating income fell ...
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ArticleCoDi maintains guidance despite ongoing inventory headwinds
Net income from continuing operations in Compass Diversfied’s (CoDi) branded consumer companies related to sports, outdoor and apparel (5.11 Tactical, Boa, Marucci Sports, PrimaLoft, and Velocity Outdoor) declined by 68 percent to $6.94 million from $21.4 million for the period ended June 30. Total revenues from the five companies fell ...
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ArticleWeyco posts higher profit, margin despite lower Q2 sales
Weyco Group suffered a 9.9 percent decline in Q2 sales to $67.0 million as the group’s portfolio of footwear brands faced difficult year-over-year comparisons and a wholesale market flush with inventory. Nonetheless, the group improved several operating metrics in the period ended June 30. Operating income rose by 18 percent ...
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ArticleUSWE defies the challenges in Q1
USWE Sports AB, the parent company of USWE, Void Cycling and Giant Loop, has published its interim report for the first quarter ended June 30, 2023, showing growth and profit despite the difficult business environment. Net sales totaled 26.5 million Swedish kronor; an increase of 40 percent compared to the ...
