All Financial results articles – Page 7

  • Weyco
    Article

    Weyco posts higher profit, margin despite lower Q2 sales

    2023-08-03T06:37:00Z

    Weyco Group suffered a 9.9 percent decline in Q2 sales to $67.0 million as the group’s portfolio of footwear brands faced difficult year-over-year comparisons and a wholesale market flush with inventory. Nonetheless, the group improved several operating metrics in the period ended June 30. Operating income rose by 18 percent ...

  • USWE-Logo Kopie
    Article

    USWE defies the challenges in Q1

    2023-08-02T15:09:00Z

    USWE Sports AB, the parent company of USWE, Void Cycling and Giant Loop, has published its interim report for the first quarter ended June 30, 2023, showing growth and profit despite the difficult business environment. Net sales totaled 26.5 million Swedish kronor; an increase of 40 percent compared to the ...

  • rocky-brands
    News briefs

    Rocky Brands sees business positioned for H2 improvement

    2023-08-02T08:33:00Z

    Despite experiencing strong sell-throughs at several major U.S. wholesale accounts, U.S. footwear company Rocky Brands reported a 38 percent decline in Q2 sales to $99.8 million from $162.0 million for the period ended June 30. Wholesale segment revenues declined by 45.5 percent to $71.5 million and fell by 3.6 percent ...

  • Columbia Sportswear Company
    Article

    Columbia cuts outlook as net falls 17% in Q2

    2023-08-02T08:32:00Z

    Bloated inventories and challenging market conditions in the U.S. are forcing Columbia Sportswear to take a “more conservative” stance on its H2 and full-year results despite explosive year-over-year Q2 sales growth in China and in its lower-margin international distributor businesses. Saddled with a 21 percent year-over-year increase in Q2 ...

  • VF_Logo_Vert_FullColor_NoReg_CMYK-medium
    Article

    VF reports wider Q1 loss and cuts guidance, TNF only revenue gainer

    2023-08-02T08:32:00Z

    VF Corp., the parent of The North Face (TNF) and Vans, welcomed its new President and CEO Bracken Darrell, 12 days on the job, to his first results call by reporting a Q1 loss of $57.4 million against a loss of $55.96 million in the year-ago period on an 8 ...

  • Newell_Brands_logo
    News briefs

    Newell Brands drops annual guidance, outdoor & recreation Q2 results fall

    2023-07-29T06:56:00Z

    Newell Brands, the Coleman and CampingGaz parent, reported a 22 percent decline in Outdoor & Recreation segment sales to $333 million from $427 million for the period ended June 30. A 20.9 percent drop in core sales and currency impact is included in the revenue total. Segment operating income slid ...

  • Deckers
    Article

    Company raises full-year guidance as Hoka leads Deckers in Q1, Teva sales down 19%

    2023-07-28T07:11:00Z

    Deckers Brands, intent on growing both its direct-to-consumer and international businesses in the months ahead, generated a 42 percent increase in Q1/24 net income to $63.6 million versus 44.8 million for the three months ended June 30. Operating income was 26 percent higher year-over-year at $70.7 million. Total net sales ...

  • polygiene_logo_general_formindfulliving_horisontal_rgb_pos_670869
    News briefs

    Polygiene sees market recovery by end of 2023

    2023-07-27T15:12:00Z

    Polygiene Group, while admitting “the pace of the market recovery has taken longer than expected,” suggests current “market signals” point to a recovery by the end of the year. In Q2, the group reported a 46 percent drop in net sales to 25.4 million Swedish kroner (€2.3m) and an operating ...

  • Vista_Outdoor_Logo
    Article

    Vista Outdoor’s Q1 net dips by 54 percent; Outdoor Products spin-off slated for Q4

    2023-07-27T07:35:00Z

    Vista Outdoor, which is proceeding with plans to spin off its Outdoor Products segment in Q4 of this calendar year, reported a 54 percent decline in Q1 net income to $58.1 million from $126.0 million for the period ended June 25. Ebit was down by 55 percent to $75.4 million ...

  • Shimano_logo.svgz
    Article

    Bicycle slump leads to decline in sales and profits at Shimano

    2023-07-26T16:52:00Z

    The current high (bicycle) inventory levels and decreasing demand are also being felt by market leader Shimano Inc. However, despite a double-digit drop in sales in its largest business unit, bicycle components, in the first half of 2023, the Japanese company remains calm. It’s counting on bicycles as a global ...

  • Fenix_Logo
    Article

    Industry inventory issues dampen Fenix’s Q2 results

    2023-07-23T10:03:00Z

    Fenix Outdoor International, facing “very challenging” market conditions and “substantial price pressure” due to high outdoor industry inventory levels, realized a 74 percent decline in Q2 Ebit to €3.1 million from €11.7 million. The operating margin narrowed to 0.1 percent from 5.9 percent. Net profit declined by 94 percent to ...

  • Mips
    Article

    Mips gives positive outlook despite notable sales decline in Q2

    2023-07-21T10:42:00Z

    Bad and good news can be seen in the preliminary Q2 figures and thus the half-year figures of the “Brain Protection System” (BPS) manufacturer Mips AB: As expected, there is a slump in sales due to the ongoing weakness in demand in the bicycle sector, which is struggling with full ...

  • rapala-vmc-logo
    Article

    Rapala’s H1 results sink on excess inventory woes

    2023-07-21T07:47:00Z

    Already bracing for a significant drop in FY23 full-year comparable operating profit, Rapala VMC reported double-digit declines in net sales and comparable operating profit in H1. With the results, the Finnish group said it was implementing cost cuts across the organization to mitigate the lower turnover. Over the next 12 ...

  • thule-group-vector-logo
    Article

    Thule’s gross margin climbs despite sales and profit decline

    2023-07-20T06:59:00Z

    Despite experiencing lower profitability and sales in Q2, Thule Group generated a record quarterly gross margin and a 47 percent increase in cash flow from operations as the Swedish company continued to prepare for new product introductions over the next 18 months.

  • Bike24
    Article

    Bike24 lowers FY forecast after gloomy prelim Q2 results

    2023-07-19T10:04:00Z

    Looking at publicly traded e-commerce bike retailer Bike24 Holding AG’s preliminary dismal second-quarter results, it’s clear why the Dresden-based company also sent out a separate announcement to “adjust the forecast for the financial year downwards.” This move in itself demonstrates the gravity of the current situation. According to preliminary calculations, ...

  • dometic-logo
    Article

    Dometic Q2 organic sales fall 10% as restructuring moves forward

    2023-07-18T14:31:00Z

    Dometic generated sales of 8,329 million Swedish kronor (€725.5m) in the second quarter of 2023, down by a reported two percent compared to the year earlier and 10 percent lower on an organic basis. The Swedish specialist in products for outdoor and mobile living traced the decline in organic sales ...

  • KMD Logo
    News briefs

    KMD Brands updates full-year outlook

    2023-07-12T06:27:00Z

    KMD Brands, the New Zealand parent of Oboz, Kathmandu, and Rip Curl, says it’s on track to reach full-year sales of NZ$1.1 billion (€619.7m) for the 12 months ending July 31. FY gross margin is forecast to be on par with the prior year, and Ebitda is forecast at NZ$105 ...

  • Helen of Troy_Logo
    Article

    Hydro Flask faces market pressure, Osprey sales up in Q1

    2023-07-11T06:18:00Z

    Adjusted operating income slipped by 8.9 percent to $34.3 million from $37.6 million for the Home & Outdoor segment of Helen of Troy for the first quarter ended May 31. Excluding a nearly $3.1 million impact related to the bankruptcy of retailer Bed, Bath & Beyond, Q1 operating income for ...

  • 1200px-Rapala_Logo.svgz
    News briefs

    Rapala anticipates significant decline in FY23 operating profit

    2023-07-01T07:28:00Z

    The fishing equipment company, which completed a restructuring of its Helsinki headquarters this month and welcomed back former COO Lars Ollberg as CEO in May, is now forecasting its full-year comparable operating profit to be “significantly below” its FY22 level. Rapala blamed the expected annual profit shortfall on persistent ...

  • signa-spouni-logo-cmy-color-pos-1-1
    Article

    SSU is hoping the worst market disruptions are over

    2023-06-29T10:20:00Z

    Signa Sports United (SSU), while bracing for less-than-stellar FY23 results impacted by macroeconomic headwinds and high industry inventory levels, is taking steps to generate €100 million in Ebitda savings by FY25 and less operational complexity in FY24 that will return it to profitable, long-term growth. Meanwhile, the Germany-based e-commerce company, ...