All Financial results articles – Page 54
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ArticleDeckers’ Q2 sales up 16% thanks to Hoka, while margins pressured by supply chain
Deckers Brands saw revenues increase by 15.8 percent to $721.9 million in its second quarter ended Sept. 30, led by the continued strong performance of its Hoka brand, but delays in deliveries capped top-line growth at Ugg. On a constant-currency basis, revenues increased by 14.8 percent, but net earnings inched ...
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ArticleColumbia lowers FY sales outlook, raises earnings forecast as Q3 sales miss
Columbia Sportswear has lowered its sales outlook for the year but raised earnings forecasts, despite weaker than expected third-quarter revenue due to supply-chain issues. Sales for the quarter rose to $804.7 million from $701.1 million a year earlier and against forecasts of $862 million. Net income beat expectations at $100.6 ...
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News briefsCODI’s sports brands with strong Q3, Boa leading the pack
All four of Compass Diversified’s (CODI) outdoor and sports brands – 5.11, Boa Technology, Marucci Sports and Velocity Outdoor – posted positive sales results and improved Ebitda in the third quarter, with Boa, maker of the dial-based Boa Fit System system for footwear and other applications, showing the highest sales ...
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ArticleFenix says Germany recovery underway but warns of supply-chain issues
Fenix Outdoor has reported a rise in third-quarter sales and earnings but warned that global supply chain issues and Covid outbreaks in some of its manufacturing locations were still posing problems. The company also said it aimed to manufacture up to 20 percent of its own products by acquiring or ...
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News briefs
Scarpa with profit, forecasts 15% growth for 2021
Italy’s outdoormag.it reports that Italian footwear and outdoor specialist Scarpa ended 2020 on a positive note, with sales up about 3 percent compared to 2019. CEO Diego Bolzanello told the publication, “We expect further growth in 2021, both in the domestic and foreign markets,” estimating it at 15 percent. Despite ...
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ArticleMips posts solid growth in Q3 despite supply chain challenges
Swedish company Mips reports that its third quarter built on the very good growth seen earlier in the year. The specialist in “brain protection” helmet technology reported that net sales increased by 81 percent to 185 million Swedish kronor (€18.6m-$21.7m) compared to SEK 120 million in Q3 last year. Organic ...
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ArticleShimano’s bicycle segment up 30%, raises forecast
While reporting excellent figures for its third quarter ended Sept. 30, Shimano said it was expanding production capacity at its factories in Japan and overseas to respond to the growing global demand for its products, as Covid-19 outbreaks have disrupted both manufacturing and logistics everywhere. Bicycle dealers’ inventories are still ...
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News briefs
3M defies supply chain issues, raises guidance moderately
Announcing results for its Q3 2021 ended Sept. 30, U.S.-based conglomerate corporation 3M said sales increased 7.1 percent year-over-year to $8.9 billion. Total sales increased 8.1 percent in consumer products, 7.2 percent in safety and industrial, 5.8 percent in transportation and electronics and 4.1 percent in healthcare. On a geographic ...
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ArticleUnifi with strong Q1
Unifi, Inc., a U.S.-based producer of recycled and synthetic yarns, released operating results for the first fiscal quarter that ended Sept. 26. Net sales were $196.0 million, an increase of 38.5 percent from the first quarter of fiscal 2021 and an increase of 6.3 percent from the last Q4 (2021). ...
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News briefsClarus to generate new capital by offering 2.75 million shares of common stock
Clarus Corporation, a Salt Lake City, Utah-based company with brands including Black Diamond, Pieps and Rhino-Rack, announced that it intends to offer 2,750,000 shares of common stock and use the net proceeds from the offering for general corporate purposes, including repayment of debt, capital expenditures and potential acquisitions. The company ...
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ArticleVF maintains FY outlook despite supply chain issues limiting Q2 sales growth
VF Corp improved its guidance for the full year (to $12.0 billion from $11.8 billion) despite a more challenging than expected operating environment in the second quarter. Overall revenues for the group that owns brands including Vans, The North Face (TNF), Timberland, Icebreaker and Smartwool increased by a reported ...
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ArticleDometic Q3 sales growth gets a boost from M&A as supply chain problems persist
Dometic saw sales in the third quarter rise by 24 percent to SEK 5,545 million (€555.2m-$646.5m) despite continuing to suffer from “significant” supply chain disruptions. Growth in the top line of the Stockholm-based specialist in products for mobile living was largely due to acquisitions, with M&A seen increasing revenues by ...
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ArticleThule sees gains in RV products and carrier systems
The outdoor trend, which kicked in after the Covid-19-related lockdowns, has once again brought good sales growth for the Swedish Thule Group. The trend toward outdoor and leisure activities closer to home continued to positively impact all of the group’s product categories in the third quarter. According to Thule’s preliminary ...
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News briefsHaglöfs reports global growth of 26% in H1, expands sales team for Germany and Austria
Swedish outdoor brand Haglöfs reports well-received winter and spring collections and global growth of 26 percent in the first half of 2021 compared to the same period last year, citing continued investment in product development and design despite the pandemic. The brand says it’s committed to continuing to work closely ...
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News briefsAnta Sports’ sales grow in Q3
China’s Anta Sports, which does not provide full financial results for odd-numbered quarters, announced in an operational update that retail sales of its core Anta brand grew in the low double-digit range in the third quarter compared to low single-digit growth in the third quarter of the previous year. Fila, ...
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News briefsKathmandu still sees H1 profits falling
Kathmandu Holdings confirmed it still anticipates profits for the first half ending Jan. 31, 2022, to be lower than the year earlier, after the new financial year began with widespread lockdowns throughout Australasia and Covid-related strains for its supply chain. “The group’s brands are well-positioned to capitalize on growing participation ...
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News briefsClarus sees Q3 sales up 66-67%
Clarus Corp., the Utah-based parent company of Black Diamond and Pieps, said it expects sales in the third quarter ended Sept. 30 to grow by 66 to 67 percent on the year-earlier to reach $107-$108 million, as it pointed to momentum across all brands. Black Diamond sales are expected to ...
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ArticleRevolutionRace publishes first sustainability report after IPO
In its 2020/21 Annual and Sustainability Report, Swedish DTC brand RevolutionRace (RVRC) reports that it has performed strongly and profitably over the past fiscal year, with very positive growth in both new and existing markets. RVRC Holding AB, which went public on the Stockholm Nasdaq in June, posted strong results ...
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ArticleGlobal bicycle stocks: Demand remains strong, but supply chain prevents further highs
While falling infection rates and rising economic data helped our global bicycle stocks soar in the second quarter of 2021, a majority of our companies included in the Q3 overview had to adjust downwards in the third quarter. Demand remains high, yes, but the supply chain and some logistical issues ...
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ArticleHelen of Troy’s Hydro Flask sees Q2 sales progress, raises FY outlook
The Houseware segment of Helen of Troy, which includes outdoor drinkware brand Hydro Flask, saw revenues in the second fiscal quarter ended Aug. 31 grow by 6.7 percent to $215.2 million. The improvement was due mainly to an increase in brick and mortar sales for both Hydro Flask and OXO ...
