All Financial results articles – Page 65
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ArticleThule posts strong results
The third quarter was a good one for Thule Group, the Swedish company best known for its roof boxes and bike racks. It saw its net income soar by 148.6 percent from the year-ago quarter to 449 million Swedish kronor (€43.3m-$51.3m), while revenues jumped by 44.9 percent to SEK 2,043 ...
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ArticleMoncler reports a 14% drop in Q3
The decline in Moncler’s revenues slowed down in the third quarter to a rate of 15 percent, or 14 percent in local currencies, falling to a level of €361.8 million. The management reported high and constantly improving growth in China. Without providing the details, the management said that other markets ...
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ArticleKathmandu benefits from Rip Curl and online; publishes sustainability report
It was the acquisition of Rip Curl that helped Kathmandu Holdings to raise its total sales by 48.7 percent to 801.5 million New Zealand dollars in the “transformational” financial year ended on July 30, with the action sports brand contributing sales of NZ$ 315.7 million (€178.2m-$210.6m) in the first nine ...
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ArticleClarus expects lower sales for Black Diamond
While releasing preliminary results for the third quarter, Clarus Corp said it expects another quarter of declining sales for Black Diamond (BD), the group’s biggest brand. After recording a 47 percent drop in the second quarter, hit by store closures in Europe and America, BD will post a 10 percent ...
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News briefs
Anta Sports Products is back in full form
Anta Sports Products is back in full form, boosted by China’s strong economic recovery after the pandemic. In an operational update for the third quarter, it said that retail sales for the Anta brand recorded low single-digit growth compared to the same period of 2019. Fila jumped by between 20 ...
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ArticleMammut’s results beat expectations
In a business update, Conzzeta Group, the parent company of Mammut Sports Group, said revenues from the Outdoor segment, which only consists of Mammut, declined in the first nine months by 20.0 percent in reported terms to CHF 149.4 million (€139.3m-$163.2m), or by 17.5 percent in constant currencies and on ...
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ArticleVF back to profits
After recording a loss and steep declines in revenues during its first fiscal quarter, VF Corp. bounced back in the second quarter, ended on Sept. 26, with a smaller decline in sales and a return to profits. The management said that year-to-date results have surpassed its expectations across all brands, ...
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News briefsMoody’s switches Vista Outdoor’s outlook from negative to positive
Favorable trends in U.S. outdoor activity and Vista Outdoor’s good competitive position with leading brands in various niches of the market have led Moody’s to change the group’s debt rating from negative to positive, following an improvement in its Ebitda margin. Vista’s brand portfolio includes Camelbak, Bushnell, Camp Chef, Primos, ...
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ArticleHydro Flask bounces back in Q2
Helen of Troy’s houseware segment, which includes drinkware brand Hydro Flask, returned to growth in the second fiscal quarter ended on Aug. 31, after a difficult spring due to the pandemic. Sales in the segment soared by 20.2 percent from the year-ago quarter to $201.9 million, as more people returned ...
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News briefs
Safilo expects Q3 sales to be better than expected
Safilo estimates that in the third quarter its net sales grew by a mid-single digit rate at constant exchange rates compared to the same quarter of 2019. It also expects to return to a profit at adjusted Ebitda level. Previously, the company had forecast a moderate decline in sales for ...
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ArticleKathmandu’s revenues soar thanks to Rip Curl’s acquisition
Kathmandu Holdings scored record sales for its financial year ended on July 31 2020, boosted by the acquisition of Rip Curl during the period. The group’s revenues soared by 48.7 percent to 801.5 million New Zealand dollars (€451.6m-$526.8m), with Rip Curl accounting for 40 percent of the total turnover, but ...
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ArticleFischer lays off 150 workers
Like Rossignol, which has just announced the elimination of 95 jobs, Fischer Sports has decided to lay off 150 workers at its Ukrainian ski factory following a drop of about 25 percent in pre-orders for the coming autumn/winter season. However, the management is cautiously optimistic about the near-term future, considering ...
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News briefs
Movement Skis sees a big drop in sales, but margins improve
The revenues of Movement Skis declined by 46.8 percent to 932,000 Swiss francs (€864,000-$1.0m) due to store closures, while the gross margin lost 2.0 percentage points to 50.0 percent. A good control of operating expenses limited the decline in Ebitda for the first half of the year, which decreased by ...
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ArticleApex widens losses
Impairment charges of close to $10 million mostly related to the impact of the Covid-19 pandemic weighed on the profits of Apex Global Brands, previously called Cherokee Global Brands. Net loss for the parent company of Hi-Tec, Magnum, and Tony Hawk expanded by 5 percent to $1.3 million for its ...
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ArticleTriple-digit growth in Zumiez' profits
Zumiez, the American action sports retailer that owns Blue Tomato in Europe and Fast Times in Australia, bounced back in the second fiscal quarter ended on Aug.1, after a difficult start of the year due to retail lockdowns. Its net income soared by 181 percent to $25.4 million, on revenues ...
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ArticleJD Sports Fashion outdoor unit narrows losses
JD Sports Fashion reported narrowed interim losses at its outdoor division and was upbeat on future prospects as it pinned hopes on more people taking domestic holidays in the wake of the Covid-19 pandemic. Operating losses closed slightly to £14 million (€15.5m-$18.3m) from £16.4 million in 2019. Sales at the ...
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ArticleAntiviral technology helps Polygiene to thrive during pandemic
Polygiene is at the center of media attention since it launched ViralOff, a fabric treatment with antiviral properties, in April. In the context of Covid-19 outbreak, demand for the garment has soared, and the group expanded its scope from initially treating protective clothing, face masks and other hospital products to ...
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ArticleAnta switches to new DTC business model in China
The pandemic has been a catalyst for change across many companies this year, including at Anta Sports Products. It has decided to do away with the wholesale model that it employed for 20 years in 11 major provinces. Instead, the Chinese sports group will switch to a new business model ...
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ArticleGregory and High Sierra could not resist the pandemic
Like the rest of the big Samsonite luggage group, its two outdoor backpack brands, Gregory and High Sierra, suffered sales declines in the first half, to June 30 because of the Covid-19 pandemic. Gregory, which has been generally outperforming the rest of the group, posted a drop of 30.8 percent ...
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News briefsGiant benefits from the cycling boom
The Giant Group posted revenues of $33 billion Taiwan dollars (€1.0bn-$1.1bn) for the first six months of this year, representing a 7.5 percent increase as compared to the first half of 2019. Sales were boosted by increased global demand for bicycles following the coronavirus lockdown period, as many consumers have ...
