All Financial results articles – Page 63
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ArticleSafilo's Q4 sales growth driven by North America and Asia-Pacific
Safilo’s fourth-quarter revenues rose by 3.0 percent at constant exchange rates thanks to strong gains in North America and Asia-Pacific, while European sales were hit by Covid-19-related lockdowns and a lack of tourists. However, on a reported basis, the company’s sales were down by 2.1 percent to €225.6 million. The ...
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ArticleUnifi ends 2020 on a higher note
Unifi, a U.S.-based textile manufacturer of synthetic and recycled performance fibers, saw stronger-than-expected results in the second fiscal quarter ended Dec. 27, 2020. Net sales were down by 4.0 percent from the year-ago quarter to $162.8 million, resulting from lower selling prices connected with lower raw material costs and currency ...
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News briefs
Moody’s upgrades Vista Outdoor once more
A fast-growing ammunition market in the U.S. due to the anxiety caused by the coronavirus pandemic and the trend toward outdoor activities is leading to better financial prospects for Vista Outdoor, which is also the owner of “quieter” international brands like Camelbak, Bell and Giro. As a result, Moody’s is ...
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ArticleEurope helps drive VF Corp’s momentum
After posting a loss for the first quarter of its financial year, ended June 30, VF Corp. bounced back in the second quarter, and the third fiscal quarter ended Dec. 31 confirmed this recovery, driven by Europe and China. The good progress, which was attributed in part to investments made ...
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ArticleBetter-than-expected results for 3M
Sales of masks and other personal safety equipment in the midst of the pandemic boosted 3M’s sales in 2020. It saw growth across all business segments and geographic areas. During the fourth quarter, market demand remained strong in personal safety, home improvement, general cleaning, semiconductor, data center and biopharma filtration. ...
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News briefsTradeinn sales exceed expectations
Tradeinn, the Spanish e-retailer running several specialized international retail websites including snowinn.com, trekkinn.com, bikeinn.com, xtremeinn.com and many others, posted revenues of €288 million for 2020, representing an increase of €100 million from 2019, according to sport-guide.com. According to the report, results for the full year exceeded the company’s expectations, as ...
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ArticleStrong growth for Storck Bicycle
German bicycle manufacturer Storck Bicycle, which celebrated its 25th anniversary last year, says it is satisfied with its performance in the past fiscal year (2020) despite the challenges posed by Covid-19. “Although the impact of the Corona pandemic is affecting the entire industry, we are in an excellent position for ...
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News briefs
Australia's BCF sees sales grow by more than 50% while online sales jump 113%
The BCF (Boating Camping Fishing) chain, part of Super Retail Group, posted a 51 percent sales increase in the financial half-year ending Dec. 26, 2020. Sales on a same-store basis also increased by 51 percent. Meanwhile, online revenues rose by 113 percent. BCF is Australia’s largest retailer of fishing tackle. ...
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ArticleRecord sales for Polygiene in Q4
In a business update, Polygiene said its sales for the fourth quarter soared by 41.4 percent to a record 26.9 million Swedish kronor (€2.7m-$3.2m). The company added that British subsidiary Addmaster, which was acquired earlier in 2021, had even stronger growth, with revenues rising by as much as 69.2 percent, ...
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News briefsBlue Tomato hit hard by store closures
Blue Tomato was hit hard by Covid-19-related store closures in Europe in the 10 weeks leading up to Jan. 9, according to its U.S.-based parent Zumiez. However, the group’s Australian action sports retail chain, Fast Times, performed “extremely well.” Bottom line, the group’s international sales declined 6.7 percent in dollars ...
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ArticleHydro Flask struggles due to soft back-to-school season
Helen of Troy’s Houseware segment, which includes drinkware brand Hydro Flask, posted double-digit growth in the third fiscal quarter ended on Nov. 30. Sales in the segment soared by 21.4 percent from the year-ago quarter to $222.4 million, driven by an organic business increase of 21.2 percent, largely due to ...
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ArticleApex’s sales down by 17%
Lower licensee sales due to the pandemic, and the non-renewal of certain Cherokee brand licensing deals, weighed on the revenues of Apex Global Brands, previously called Cherokee Global Brands. Sales for the parent company of Hi-Tec, Magnum, and Tony Hawk dropped by 17 percent to $4.1 million for its third ...
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ArticleStrong finish to a challenging year for Johnson Outdoors
Strong demand for fishing, camping and watercraft recreation products drove significantly higher sales and profits for Johnson Outdoors’ fiscal fourth quarter. The management said that demand has picked up in the second half of the year after a difficult second quarter, at the onset of the pandemic. After lockdowns eased, ...
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ArticleZumiez posts good results in Q3 thanks to Blue Tomato and Fast Times
Zumiez, the American action sports retailer that owns Blue Tomato in Europe and Fast Times in Australia, performed well in the third fiscal quarter ended on Oct. 31, thanks to a good performance outside its core North American market. Its net income soared by 51.5 percent from the year-ago quarter ...
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News briefs
Isbjörn of Sweden grows despite pandemic after launching U.S. webshop
Isbjörn of Sweden, an outdoor kidswear brand, reported strong growth throughout 2020. The company said it has grown 20 percent versus the same period in 2019, with a forecasted 30 percent growth expected for 2021. Isbjörn’s webshop, which was recently also launched in North America, has also grown by a ...
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ArticleOutdoor stands out at Schwan Stabilo
The outdoor division of the German Schwan Stabilo Group recorded a drop in revenues for its financial year ended June 30, 2020, due to pandemic-related lockdowns from mid March to early May 2020. Sales declined by 5.1 percent from the previous year to €159.7 million. All four brands in the ...
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News briefsTecnica among the best performing companies in Italy’s northeast
Tecnica Group has been ranked among the 100 top-performing companies in Italy’s Triveneto area for 2019. The ranking is available in TOP 100, a special supplement that the Gedi publishing group has devoted to the best-performing companies in Italy’s northeast. The supplement has been on sale since Nov. 20 with ...
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ArticleKathmandu’s revenues keep surging thanks to surf label Rip Curl
Following record sales for its financial year ended on July 31, boosted by the acquisition of Rip Curl in October 2019, Kathmandu Holdings kept the momentum going during the start of its new financial year. In a trading update, the company said that revenues for the first fiscal quarter ended ...
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ArticleGoldwin’s profits dwindle
Goldwin’s revenues dropped by 16 percent in the second quarter to ¥19,358 million (€157.4m-$182.5m), while net income tumbled by 59 percent from the year-ago period to ¥915 million (€7.4m-$8.6m). The company’s gross margin fell by 1.4 percentage points to 50.6 percent. The company said that the impact of the coronavirus ...
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ArticleGregory dropped by 13% in Q3, in group that fell by 65%
Gregory’s sales declined by 13.0 percent to $15.9 million in the third quarter. They again outperformed the results of Samsonite International’s less functional brand of backpacks, High Sierra, which plunged down by 70.2 percent to $4.5 million. Across all the numerous brands of Samsonite, sales went down by 74.6 percent ...
