All Financial results articles – Page 60
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ArticleVista Outdoor Q4 sales rise 40%
Vista Outdoor reported sales of $597 million in the fourth quarter ended March 31. That is up 40 percent year-over-year and well above the guidance of $510 million to $530 million given at the time of the third-quarter results. Sales growth was attributed to strong demand across both Vista’s shooting ...
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News briefsAdidas grows by almost 60% in the outdoor segment
Adidas’ sales of outdoor products increased by nearly 60 percent in the first quarter of 2021 thanks to the new Terrex collection for fast trail running. Running and training were up by about 20 percent and more than 30 percent, respectively. Excluding Reebok, which is up for sale, Adidas’ sales ...
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ArticleFox Factory Q1 sales shine with surge in bicycle product sales
Suspension specialist Fox Factory continues to soar. The company posted record sales for the third consecutive quarter. Q1 2021 sales increased 52.5 percent to $281.14 million (€231.16m). This amount is split between Fox’s Powered Vehicle Group (PVG) Q1 revenue of $162.75m (€134.01m, +35 percent) and Fox’s Specialty Sports Group (SSG, ...
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ArticleLockdown life drives demand growth for Johnson Outdoors in Q2
Pent-up demand from people stuck indoors during the Covid pandemic has helped Johnson Outdoors report a surge in second-quarter sales and profits. Total company net sales in the second quarter to April 2 rose 26 percent year on year to $206.2 million. Operating profit for the period rose to $36 ...
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ArticleBicycle boom pushes Q1 sales at Dorel
Dorel Industries said revenues at its sports segment increased for the eighth consecutive quarter in the three months ended March 31, rising by 43.6 percent in reported U.S. dollars to $270 million, and by 41.5 percent in local currencies, driven by the growing global demand for bikes. The second quarter ...
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ArticleGoPro revenue up 71 percent thanks to subscriptions and high-end cameras
In the wake of the company’s shift to direct sales and an added focus on subscriptions, GoPro Inc. reported a reduced loss of $10 million in the first quarter ended March 31 (compared to a loss of $64m one year ago), while revenue rose 71 percent to $204m. Adjusted earnings ...
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ArticleWeyco suffers but sees acceleration in outdoor sales and wholesale orders
Weyco continued to suffer from the impact of the Covid-19 pandemic in the opening months of 2021. Still, the company enjoyed an acceleration in wholesale orders in the latter part of the first quarter and a strong performance in Australia. Net sales in the first quarter ended March 31 fell ...
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News briefsPolygiene Q1 sales soar 141%
Polygiene, a provider of antimicrobial technology, saw sales jump by 141.4 percent to 42.0 million Swedish kronor (€4.2m-$5.1m) in the first quarter, boosted by continued demand for its ViralOff antimicrobial treatment during the Covid-19 pandemic and the addition of Addmaster Holdings, a global supplier of antibacterial additives for hard surfaces ...
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News briefsRocky Brands reports higher Q1 revenue, net income
U.S.-based footwear and apparel maker Rocky Brands reported soaring first-quarter revenue and net income on the back of strong demand from its wholesale and direct-to-consumer channels. The company said revenue for the three months to March 31 rose 57.3 percent to $87.7 million. Wholesale segment sales increased 69.1 percent, while ...
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News briefsChina demand helps drive higher Q1 revenues at Lenzing
Austrian specialty fiber producer Lenzing Group said that a strong recovery in its markets helped to drive rises in revenue and net profit. They reported that revenue for the three months to March 1 rose 4.9 percent to €489.3 million. Net profit rose to €29.9m from €17.7m, while earnings before ...
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News briefs
Aquapac invests in growth during lockdown
U.K. outdoor and watersports accessories brand Aquapac has reported strong sales performance in the last nine months. The best performance in the first half of the fiscal year in four years is attributed to investment in new products, a new marketing manager and the Covid-19 pandemic, which is bringing more ...
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ArticleUnifi swings to profit in Q3 as Brazil excels
U.S.-based recycled and synthetic yarn maker Unifi swung to a profit in the third quarter after driven by a rise in sales at its Brazil and Asian units. The company said net income for the three months to March 28 was $4.7 million compared to a loss of $41.1m a ...
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News briefsAmazon’s sales grow by 44% in Q1
Beating estimates, Amazon’s net sales jumped by 44 percent to $108.5 billion in the first quarter, driven by the ongoing online shopping boom caused by the Covid pandemic. Excluding a $2.1 billion favorable impact from changes in foreign exchange rates during the quarter, the revenue increase was limited at 41 ...
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News briefsNewell's sales surge 21%
Newell Brands’ revenues for the first quarter rose by 21.3 percent to $2.3 billion, with core sales increasing by 20.9 percent. Overall, every business unit and major region increased core sales compared with the year-ago quarter. The management said that 2021 is off to a great start, with double-digit growth, ...
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ArticleColumbia raises guidance after a good Q1
Columbia Sportswear Company performed better than expected in the first quarter, despite port congestion problems in North America. The group’s net income reached $55.9 million, jumping from $213,000 in the year-ago quarter when the pandemic first hit the company. Revenues gained 10 percent to $625.6 million, including a 20 percent ...
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ArticleCODI’s sales surge by 38%, led by Boa
The recent acquisition of Marucci Sports and Boa Technology drove Compass Diversified’s (CODI) gains, with revenues for the first quarter surging by 38.4 percent from the year-ago quarter to $461.6 million. In addition, net income reached $22.0 million, up from $4.9 million last year. Excluding Marucci and Boa, organic revenues ...
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ArticleMips Q1 sales boosted by strong demand for bike helmets
When bicycle sales pick up in times of pandemic, Sweden’s Mips AB and its Brain Protection System (BPS) helmet technology are also in the front row. The first quarter of the year – usually the company’s smallest quarter – was the fourth-largest in company history in terms of sales. Total ...
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ArticleNew Wave posts Q1 profit
New Wave Group, the Swedish company behind Craft and Cutter & Buck, has posted a record first-quarter profit despite a drop in sales due to lower costs. Operating profit for the three months ended March 31 was 100 million Swedish Kronor (€9.9 million-$12 million), compared to a loss of SEK24.1 ...
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ArticleHelen of Troy reports strong Hydro Flask sales
Helen of Troy’s Houseware segment, which includes outdoor drinkware brand Hydro Flask, said revenues for its fourth fiscal quarter ended Feb. 28 increased by 12.1 percent to $162.5 million. This was driven by an organic business increase of 11.8 percent from the same quarter a year ago. There was a ...
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News briefsPolygiene posts double-digit revenue growth, driven by ViralOff
Antimicrobial technology provider Polygiene posted revenues of 83.9 million Swedish kronor (€8.3m-$10.1m) in 2020, an increase of 22 percent as compared to 2019. The company launched the ViralOff antiviral technology connected with the Covid-19 pandemic in April and later an upgraded formula of ViralOff with increased washability during the autumn. ...
