All Financial results articles – Page 71
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News briefs
Lenzing's revenues for the first nine months of 2019 declined...
Lenzing's revenues for the first nine months of 2019 declined by 1.1 percent to €1.62 billion as compared to the same period last year. Revenues were negatively impacted by the low prices of standard viscose, which registered a historic low in the third quarter, coupled with sluggish demand due to ...
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The global production of organic cotton surged by 56 percent...
The global production of organic cotton surged by 56 percent from 2016/17 to 2017/18, as shown in the Textile Exchange's “2019 Organic Cotton Market Report.” This marks the highest levels seen in eight years. India, China and Kyrgyzstan were the biggest contributors. The production of organic cotton fiber globally reached ...
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News briefs
Vista Outdoor reported an organic sales decline of 7 percent...
Vista Outdoor reported an organic sales decline of 7 percent in its Outdoor Products segment, excluding Bollé and other divested eyewear brands. The division's total sales were off by 14 percent to $234 million, but the adjusted gross margin was up by 3.97 percentage points to 26 percent. The remaining ...
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Article
Another set of record results for Columbia
Columbia Sportswear is having a vintage year, scoring record results for the past two quarters. Revenues rose by 14 percent in the third quarter ended on Sept. 30 to $906.8 million, while net income improved by 19 percent to $119.3 million – both all-time records for the group. The ...
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Article
Black Diamond drives Clarus’ results
Clarus Corp., the parent company of Black Diamond and other brands, had mixed results in the third quarter, with net income dropping by 14.3 percent to $3.5 million on 8.0 percent higher sales of $60.2 million. The gross margin was down by 1.6 percentage points to 34.1 percent, ...
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Article
Good results for Wolverine’s main brands
Wolverine Worldwide's three biggest brands – Merrell, Sperry and Saucony – posted a combined 11.5 percent increase in constant currencies during the third quarter ended on Sept. 28. Revenues rose by only 2.8 percent to $574.3 million across the group's entire portfolio of 12 footwear brands, with growth of ...
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News briefs
Regatta, the British outdoor clothing specialist, saw its turnover increase...
Regatta, the British outdoor clothing specialist, saw its turnover increase from £183.3 million to £198.2 million (€231.3m-$254.7m) for the year to Jan. 31. The net profit soared to £17 million (€19.8m-$21.8m) from £11.1 million a year earlier.
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News briefs
Coleman is still not out of the woods. Its parent...
Coleman is still not out of the woods. Its parent company, Newell Brands, said it suffered in the third quarter from the competition with Yeti at the high end of its product range and with Igloo at its lower end, but the big American outdoor brand plans to respond with ...
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News briefs
Driven by the Japanese market, Gregory continued to grow rapidly...
Driven by the Japanese market, Gregory continued to grow rapidly in the third quarter, with sales rising by 22.2 percent to $18 million, with a growth of 21.3 percent in local currencies, according to Samsonite International. High Sierra's sales grew by 3.3 percent on a currency-neutral basis, reaching $14.9 million. ...
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Article
Moncler’s sales grow despite Hong Kong riots
Moncler posted consolidated revenues of €995.3 million in the first nine months of the year, representing a 14 percent increase at current exchange rates versus the same period in 2018. At constant exchange rates, the increase was 12 percent. The double-digit revenue growth continued through the third quarter, with sales ...
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Article
The North Face and Vans drive VF’s results
Despite strong earnings and robust sales, VF Corp. posted results in the latest quarter that missed Wall Street's expectations. Total sales improved by 5 percent to $3,393 million for the company's second fiscal quarter ended on Sept. 30, or by 7 percent in constant currencies. Adjusted to exclude the spin-off ...
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Article
Outdoor and Fitness lift Garmin’s results
Garmin's revenues for the quarter ended on Sept. 30 reached a record level of $934 million, an increase of 15 percent over the quarter a year ago. The company has raised its outlook for the full-year as a result.In the fitness division, Garmin's sales climbed by 28 percent to ...
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Article
Schwan-Stabilo’s outdoor group is flattish
Continued double-digit growth at Ortovox and a slight increase at Gonso were insufficient to compensate for sales declines at Deuter and Maier Sports during the financial year ended on June 30. As a result, the Outdoor division of the Schwan-Stabilo group saw its total revenues fall slightly by 0.6 percent ...
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News briefs
The Swiss Conzzeta Group reports a 1.9 percent increase to...
The Swiss Conzzeta Group reports a 1.9 percent increase to 186.7 million Swiss francs (€169.7m-$187.3m) for the first nine months of this year in its Outdoor segment, which mostly consists of the Mammut Sports Group. It was the only segment of the Conzzeta Group that recorded an increase for the ...
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News briefs
American Outdoor Brands, whose main asset is Smith & Wesson,...
American Outdoor Brands, whose main asset is Smith & Wesson, suffered a 10.9 percent decline in total revenues to $123.7 million in the first quarter ended on July 31. Disappointing financial analysts, the group had a net loss of $2.1 million for the period, compared with net income of $7.6 ...
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News briefs
Brands like Canada Goose and Arc'teryx get a halo effect...
Brands like Canada Goose and Arc'teryx get a halo effect by promoting the Canadian manufacture of their products. According to a survey conducted by PricewaterhouseCoopers (PwC), there is significant demand for Canadian-made products abroad. The Canadian branch of the London-based “professional services network” surveyed 3,521 consumers in Australia, France, Germany, ...
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Article
Hydro Flask boosts Helen of Troy’s results
The houseware segment, which includes Hydro Flask, was the engine of growth in the latest quarter for Helen of Troy, which owns this brand of drinkware among other properties. Sales in this division for the second fiscal quarter ended on Aug. 31 rocketed by 22.1 percent to $167.8 million.The management ...
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News briefs
Gregory continued to grow strongly in the first six months...
Gregory continued to grow strongly in the first six months of Samsonite's financial year, ended on June 30. The technical backpack company's sales rose by 22.1 percent on a constant-currency basis, and they were up in dollars by 19.7 percent to $34.9 million. By contrast, High Sierra, a more lifestyle-oriented ...
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News briefs
France's mountain resorts recorded an uptick in visitors during the...
France's mountain resorts recorded an uptick in visitors during the summer of 2019, Jean-Pierre Rougeaux, secretary general of France's National Association of Mayors of Mountain Resorts, said at the recent Sport Achat trade show in Lyon. Mountain resorts recorded an average occupancy rate of more than 60 percent overall during ...
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Article
Record Q2 results for Columbia
Columbia Sportswear's net income rocketed by 137 percent to $23.0 million in the seasonally small second quarter ended June 30. One of the drivers was an exceptionally strong counter-seasonal business with Columbia's line of performance fishing gear, PFG, which is approaching an annual turnover of $200 million.The group's quarterly revenues ...
