All Financial results articles – Page 63
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ArticleRecord result for Craft's parent company
Efforts to prioritize costs, earnings and cash flow bore fruits in the fourth quarter of 2020, helping the New Wave Group to score record operating profits. Despite restrictions linked to the pandemic and canceled or postponed events, the Swedish company behind Craft and Cutter & Buck saw its operating results ...
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News briefs
Falling sales for Goldwin
Goldwin is projecting decreases of 10.1 percent in sales and 28.5 percent in operating profit for the financial year ending on March 31. In the nine months through Dec. 31, 2020, its net sales declined by 8.7 percent to 69.2 billion yen (€540m-$660m), leading to a 16.2 percent drop in ...
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ArticleHaglöfs reports stable sales in 2020
Despite the prevailing pandemic and turbulent market conditions, Swedish outdoor brand Haglöfs reported that it managed to deliver net sales for 2020 in line with last year’s strong performance. The company did not provide any figures. According to CEO Fredrik Ohlsson, the ability to mitigate the crisis is mainly due ...
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ArticleYeti’s sales and profits rocket
Yeti, the American brand of coolers and drinkware and other outdoor equipment, recorded a 26 percent gain in revenues for the three months ended Jan. 4, 2021, to $375.8 million, driven by strong growth in direct-to-consumer (DTC) sales. Products in the Coolers & Equipment and Drinkware segment led sales, as ...
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ArticleNewell’s sales up by 2.5 %
Newell Brands’ revenues for the fourth quarter rose by 2.5 percent to $2.7 billion, as a core sales gain of 4.9 percent was partially offset by currency headwinds and divested businesses. The management said that it ended the fourth quarter on a very strong note, with six out of eight ...
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ArticleRip Curl continues to support Kathmandu’s performance
The acquisition of Rip Curl in October 2019 was a good one for Kathmandu Holdings. In a preliminary trading update, the Australian group said that its revenues for the six months ended on Jan. 31, 2021, progressed by 12 percent from the year-ago period, as Rip Curl’s strong performance offset ...
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ArticleJack Wolfskin’s parent records higher losses on higher sales
Callaway Golf Co. saw its net loss in the fiscal fourth quarter deepen to $40.6 million, compared with a loss of $29.2 million last year. However, sales surged by 20.2 percent to $374.6 million, led by strong demand in the golf equipment segment and a quicker-than-expected recovery in the softgoods ...
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ArticleMips: Bicycle boom boosts bike helmet sales
For Sweden’s Mips AB and its Brain Protection System helmet technology (BPS), the 2020 fiscal year ended with a historic fourth record quarter. The quarterly and annual growth was driven primarily by the sports helmet category and bicycle helmets in particular. After a challenging spring with extensive store closures in ...
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ArticleRapala bounces back in the second half of 2020
The Finnish manufacturer of fishing lures had a difficult start in 2020, ending the first six months with a net loss of €3.8 million due to the impact of lockdowns. But in the second half, business picked up for Rapala VMC, as fishing gained popularity as an activity that is ...
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ArticleRobust sales and earnings for Thule
Swedish Thule Group saw its sales soar by 32.6 percent from the year-ago quarter to 1,605 million Swedish kronor (€159.3m-$193.2m) or 44.6 percent in constant currencies. Net income jumped to SEK 164 million (€16.3m-$19.7m), from SEK 30 million for the fourth quarter of 2019. The gross margin expanded by 1.8 ...
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ArticleShimano reports a good year
Despite restrictions across the world in response to Covid-19, interest in bicycles and fishing boosted demand for Shimano’s products. The Japanese company’s sales in 2020 were up by 4.1 percent from 2019 to 378,040 million yen (€2.98bn-$3.61bn), while net income increased by 22.5 percent to ¥63,472 million (€501.2m-$606.5m). The gross ...
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ArticleFenix ends 2020 in the red
The Fenix Outdoor International group posted weak results for the fourth quarter of 2020. The management said that the quarter started well, with strong reorders and brick-and-mortar sales that were showing signs of improvement. However, the second wave of the pandemic and civil unrest in the U.S. – which led ...
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ArticleJohnson Outdoors sees good results in Q1
Johnson Outdoors delivered another strong quarter thanks to robust sales of fishing, camping and watercraft recreational products. The management said that the pandemic has resulted in increased consumer interest and participation in the great outdoors, which created a high demand for outdoor products during the last half of the prior ...
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Article2020 another record year for Pierer Mobility
According to first preliminary figures, Austrian two-wheel giant Pierer Mobility AG closed the 2020 fiscal year with its tenth record in a row. The group sold a total of 326,471 motorcycles and e-bikes. With this number, the stock-listed company generated total sales of €1.53 billion in 2020. However, this is ...
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ArticleGoPro Q4 revenue misses estimates, but subscriber numbers soar
GoPro posted weaker-than-expected fourth-quarter revenue as Covid infections and tighter restrictions hit Christmas sales. Still, it remained upbeat over plans to become a subscription-based direct-to-consumer (DTC) operation. The action camera maker reported revenues of $358 million in the three months to Dec. 31, down 32 percent from a year earlier ...
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ArticleRecord sales for Deckers Brands
Deckers Brands’ sales surged in the third financial quarter ended Dec. 31, 2020, boosted by demand for Ugg and the continued global expansion of Hoka One One. Despite headwinds from Covid-19, the group’s sales progressed by 14.8 percent from the same period last year to a record $1,078 million, with ...
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ArticleE-commerce lifts Canada Goose’s sales
Robust online sales globally have returned Canada Goose to growth in the third fiscal quarter. Revenues for the three months ended Dec. 27, 2020, progressed by 5.0 percent to 474.0 million Canadian dollars (€309.5m-$363.8m). E-commerce was a bright spot, surging by 39.3 percent, which partly offset store closures of 30 ...
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ArticleColumbia bounces back in Q4
Columbia Sportswear Company performed better than expected in the fourth quarter and predicted that results would return to its 2019 level next year. The group’s net income was down by 16 percent from the year-ago quarter to $95.8 million, a strong improvement from the third quarter. The bottom line includes ...
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ArticleVista Outdoor’s momentum continues
Vista Outdoor reported another record set of results for the third quarter, after a better-than-expected second quarter, led by ammunition sales and revenues from the recently-acquired Remington business. The U.S.-based manufacturer of ammunition and outdoor sports products said that sales surged by 35 percent in the three months ended Dec. ...
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ArticleMyStromer opens EU service center in the Netherlands
On Feb. 1, Swiss s-pedelec pioneer MyStromer opened a new EU service center in Treurenburg, the Netherlands. Kobe Broos, former market manager, Stromer Benelux, was appointed managing director of the new subsidiary Stromer Europe B.V. In a first step, accessories and spare parts for EU customers will be delivered directly ...
