All Financial results articles – Page 70
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ArticleChemicals and coronavirus weigh on Wolverine’s results
The group’s two biggest footwear brands, Merrell and Sperry, helped Wolverine World Wide finish the last year on a high in terms of revenues, with both of them scoring growth in the mid-teens for the fourth quarter ended on Dec. 28. The company also benefited from an acceleration in direct-to-consumer ...
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News briefs
Moncler continues to grow
(SGI) The chief executives of Moncler and Kering have both denied press speculation about a possible acquisition of the Italian brand of luxury outerwear by the parent company of Gucci, Saint Laurent and other luxury goods brands, which spun off Puma two years ago. Indicating that there were no concrete ...
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ArticleDecathlon grows by 9.2% in 2019
(SGI) Decathlon has reported a sales increase of 9.2 percent to €12.4 billion (before sales taxes) in 2019, with a gain of 9.1 percent in local currencies and including growth of 3 percent to €3.3 billion in the domestic French market.
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News briefs
New CEO for Rapala
(SGI) In the midst of reforms to turn around the business, Rapala VMC has appointed Nicolas Warchalowski as its new chief executive, effective March 1, 2020. He has had an extensive career in international consumer businesses, heading up companies such as BabyBjörn, Peak Performance and Haglöfs. Warchalowski is taking the ...
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News briefs
Shimano buys Pioneer Sports Cycle assets
(SGI) Shimano is planning to develop new products, web services and applications using certain assets of Pioneer Sports Cycle that it has acquired from Pioneer Corporation, the U.S. company that developed the first pedaling monitor and cycling computers in 2013. Many of Pioneer’s current products have been designed to be ...
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News briefs
Mixed results for Thule
(SGI) The phasing-out of low-margin contracts with OEMs in the U.S. had a negative impact on Thule’s sales of SEK 11 million Swedish kronor (€1.0m-$1.1m) for the fourth quarter and accounted for half of the negative trend in the region. The Swedish company is known for its roof racks, roof ...
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ArticleOutdoor and Fitness are Garmin’s power engines
Garmin’s revenues jumped by 18 percent to $1,102 million in the fourth quarter, once again lifted by fitness and outdoor products. Net earnings soared by 90 percent to $360.8 million.
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ArticleGoPro ends the year on a high
(SGI) The battered American brand of action cameras benefited from production delays in the third quarter, which pushed deliveries of GoPro’s new Hero8 cameras into the fourth quarter, leading the company to record strong results for the three months to Dec.31. Revenues soared by 40 percent to $528.3 million during ...
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ArticleUvex partners with fall sensor startup, increases turnover in 2018/19
(SGI+) The German helmet and eyewear specialist Uvex is starting to distribute the eponymous sensor system of Tocsen, a start-up in Freiburg, Germany. Tocsen consists of a fall sensor and app to detect when a helmet wearer crashes. It checks the state of the fallen skier, snowboarder or cyclist, routes ...
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Article
Columbia’s sales growth is softening
The management of Columbia Sportswear is projecting an increase of 4.5 to 6.0 percent in its total sales this year, with an operating margin of 12.6 to 12.8 percent.
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ArticleJohnson Outdoors’ profits up 83%
(SGI) Johnson Outdoors recorded strong gains in revenues and profits in all its divisions except Watercrafts for its first fiscal quarter, ended on Dec. 27, 2019. The company’s net income jumped by a staggering 83 percent from the year-ago period to $6.4 million.
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Article
VF lowers its outlook
(SGI) In releasing its results for its third quarter ended on Dec. 28 on Thursday, VF Corporation said its business so far this year has performed at the high end of its group’s long-term growth objectives, but the management admitted that it will not be able to meet the targets ...
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Article
Hydro Flask is once again Helen of Troy’s shining star
Lifted by Hydro Flask, sales at Helen of Troy’s Housewares segment jumped by 28.5 percent to $183.2 million in the fiscal third quarter ended on Nov. 30. The better-than-expected results led the group to lift its guidance for the year.
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Article
Mountain Warehouse’s sales up by 16%
For the 13 weeks ended on December 29, 2019, Mountain Warehouse saw sales climb by 16.2 percent to £95.8 million (€112.0m-$125.0m).
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News briefs
Production delays pushed deliveries of GoPro's new Hero8 cameras into...
Production delays pushed deliveries of GoPro's new Hero8 cameras into the fourth quarter, leading the company to record weak results for the third quarter, but the drop was lower than what GoPro and the financial community had predicted. Revenues tumbled by 54.1 percent to $131.2 million, while the gross margin ...
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News briefs
American Outdoor Brands, which is aiming to separate its outdoor...
American Outdoor Brands, which is aiming to separate its outdoor and firearms businesses in the second half of 2020, reported a 15 percent drop to $47.8 million in the revenues of its Outdoor segment in the company's second quarter ended Oct. 31, due to lower sales of shooting and hunting ...
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News briefs
Anta Sports Products, the Chinese sports brand, is confident in...
Anta Sports Products, the Chinese sports brand, is confident in its growth trajectory, to judge by its latest 2019 projections. According to a letter sent by the company to its shareholders, its financial data through November is indicative of a jump in net income of at least 45 percent by ...
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News briefs
Johnson Outdoors returned to profit in its fourth fiscal quarter,...
Johnson Outdoors returned to profit in its fourth fiscal quarter, ended on Sept. 27. The group's net income reached $3.9 million, against a net loss of $4.9 million for the corresponding period in 2018. The management said this was largely due to increased sales and the timing of tariff exclusions ...
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Short stops
Sales jumped by 16.5 percent at Helly Hansen in the...
Sales jumped by 16.5 percent at Helly Hansen in the third quarter, reaching a level of $211.7 million, said its new parent company, Canadian Tire Corp.
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News briefs
Rocky Brands raised its sales by 2 percent to $67.2...
Rocky Brands raised its sales by 2 percent to $67.2 million in the third quarter, ended on Sept. 30. The company's retail sales jumped by 21.8 percent to $14.5 million. Wholesale revenues saw more moderate growth of 0.4 percent, reaching $47.2 million. In the military segment, sales decreased from $7 ...
