All Financial results articles – Page 68
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ArticleFenix’s recovery driven by Europe
After a difficult first quarter due to Covid-19 restrictions, Fenix Outdoor International started seeing a small retail recovery in April with strong increases in online sales, making up for some lost sales in brick-and-mortar stores. In May and June, the improvement continued and was also supported by improved physical stores’ ...
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ArticleThule gets sales rebound late in the quarter
Thule Group, the Swedish company best known for its roof boxes and bike racks, but also selling strollers, luggage and roof tents, saw its net income for the second quarter drop by 25.6 percent from the year-ago quarter to 312 million Swedish kronor (€30.5m-$34.8 m), while revenues went down by ...
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News briefsSales up 9% at Oase Outdoors
Sales progressed by 9 percent at Oase Outdoors for the second quarter, as the Danish camping equipment company benefited from the reopening of European markets after their lockdowns. Its turnover reached 117 million Danish Kroner (€15.7m-$17.9m). On an organic basis, revenues grew by 10 percent. The company behind the Outwell, ...
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ArticleXXL is back on track
(SGI) After many quarters stuck in a downward spiral, XXL ASA, the leading Nordic sports retailer, has been taking drastic steps to turn the business around such as cutting costs, clearing inventory and searching for new “sustainable” sources of liquidity other than new equity. This has started to bear fruit. ...
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ArticleAnta Sports issues warning on first-half profits
Anta Sports Products said it expects to report a drop of about 25 percent in its earnings for the first half of this year, largely as a result of restrictions implemented during the Covid-19 crisis. They are even expected to be down by 35 percent from the year-ago period when ...
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News briefs
Strong recovery in Q2 for Polygiene
Polygiene is recovering strongly, thanks to its anti-viral technology. In a preliminary statement, the Swedish company indicates that its sales grew by 37 percent in the second quarter, keeping the gross margin at around 70 percent and generating breakeven operating results, compared with a loss of 4.2 million Swedish kronor ...
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ArticleHydro Flask recovers thanks to store reopenings and outdoor boom
Helen of Troy, operating out of El Paso, Texas, reported that sales of its Housewares segment, which includes Hydro Flask, declined by 3 percent to $140,628,000 in the first quarter ended on May 31 as compared to the year-ago period, primarily due to the temporary closure of key U.S. ...
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ArticleGo Outdoors woes hit JD Sports’ outdoor division
UK retailer JD Sports Fashion announced its final results for the financial year ended on Feb. 1 and said annual losses at its Outdoor division widened as it felt the impact of troubles at the Go Outdoors chain. Operating losses at Outdoor were £16.3m (€18.1m-$20.5m), wider than the £4.3m in ...
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News briefs
Goldwin’s new outlook emphasizes the impact of the Covid-19 pandemic
Goldwin, which also controls The North Face’s trademark in Japan and has a stake in Woolrich International, has issued its outlook for the full year ending in March 2021. It forecasts that revenues will decline by about 23 percent from the previous year to 75,000 million yen (€624.7m-$688.0m). The Japanese ...
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News briefs
Lenzing pays no dividend for 2019, elects Harris-Jensbach to the board
During Lenzing’s annual general meeting (AGM), which was held via livestream due to the Covid-19 pandemic, the decision was made not to distribute a dividend for the 2019 financial year (compared to €5 per share in the previous year). The Austrian fiber producer’s AGM also adopted a resolution discharging the ...
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News briefsExtra charges for Outdoor drive Smith & Wesson into a loss
A $98.7 million goodwill impairment charge for its Outdoor Products & Accessories division, whose spin-off should be completed in August, led the newly named Smith & Wesson to book a net loss of $66.1 million for the fourth quarter ended on April 30, compared with net income of $9.8 million ...
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News briefs
Yeti shareholders cash out at a low price
Major former shareholders of Yeti Holdings have continued to unload many of their shares, but they apparently did it at a slight loss in a secondary offering, underwritten by Goldman Sachs, that was scheduled to expire on or around June 1. On May 28, they offered 6,067,125 shares at a ...
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ArticleWolverine performs better than expected
Wolverine Worldwide told analysts at the Baird 2020 Global Consumer, Technology, and Services Conference on June 4 that its sales were better than expected in the first nine weeks of its second quarter, falling by less than 50 percent overall. The impact of the coronavirus-related retail lockdown was partly offset ...
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ArticleCanada Goose was resilient against Covid-19
(SGI) Canada Goose Holdings was not hit as hard as other clothing brands by the pandemic, which it attributed to the seasonal nature of its business. While it felt the impact of store closures late in its fiscal year, which ended on March 29, 2020, its peak activity time had ...
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ArticleTecnica Group performs better than expected
Tecnica Group reported better-than-expected results for 2019, adding that e-commerce and sales of outdoor products and inline skates were positive in the first quarter of 2020, despite the Covid-19 pandemic. The net turnover of the group went up by 6.4 percent to a record €424 million in 2019, which was ...
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Articlemyclimate presents new record figures for 2019
myclimate, the international carbon offset foundation, has published its annual results for 2019. The international non-profit organization with Swiss roots was able to significantly increase the total revenue from its three business areas of education, consulting and solutions, as well as the offsetting of CO2 emissions. In 2019, the total ...
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News briefsTeva and Hoka help limit the damage for Deckers
Despite headwinds from Covid-19, robust sales at Hoka One One and Teva helped limit the damage for Deckers Brands’ revenues in its fourth fiscal quarter, ended on March 31. The group’s quarterly sales declined by 4.9 percent to $374.9 million, or by 4.5 percent in constant currencies, while net income ...
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ArticleVF claims it can hike through the Covid storm easily
In releasing its financial results for the fourth quarter ended on March 31, the management of VF Corp. insisted that the company is in a better position than some of its competitors to navigate through the “storm” caused by the coronavirus pandemic for several reasons, including good liquidity, a flexible ...
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News briefsCovid-19 halts Gregory's growth
Like the rest of the Samsonite group, Gregory has been affected by the Covid-19 pandemic. After posting strong increases every quarter, the technical backpack brand of the group suffered a 7.6 percent drop in sales on a currency-neutral basis during the first quarter. The less technical High Sierra brand endured ...
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News briefsDorel rides well on higher demand for bikes
(SGI) Dorel Sports, the bike division of Dorel Industries, managed to grow through the Covid-19 pandemic. It registered revenues of $188.2 million for the first quarter, representing a 2.0 percent increase from the same quarter a year earlier, driven by strong performances at the Cycling Sports Group (CSG), whose brands ...
