All Financial results articles – Page 8

  • American Outdoor Brands
    News briefs

    American Outdoor Brands shrinks Q4 loss despite lower sales

    2023-06-29T06:16:00Z

    American Outdoor Brands reported an operating loss of $4.0 million against a loss of $70.8 million in Q4 ended April 30. Period revenues declined by 8.0 percent to $42.2 million from $45.9 million, but gross margin improved by 130 basis points to 45.2 percent from 43.9 percent. Outdoor lifestyle sales ...

  • luhta-sportswear-company
    News briefs

    Luhta's parent's sales increase 25% in 2022

    2023-06-26T14:55:00Z

    Luhta Sportswear Company, the parent of the Luhta, Icepeak, Rukka and Dachstein brands, reported a €10.3 million profit in 2022, up from €2.35 million a year earlier, as total revenues increased by 25 percent to €245 million from $196 million. During the year, the Finnish group returned to a normal ...

  • Ecco-logo
    Article

    Ecco sales up 30% in 2022, but earnings lower than before Covid

    2023-06-26T09:04:00Z

    In 2022, Ecco’s revenues rose by 30 percent to €1,586 million from €1,218 million a year earlier and exceeded a pre-Covid-19 turnover of €1,360 million posted in 2019. Comparable sales were up by 18 percent. In January 2022, the Danish footwear and leather group acquired a controlling interest in Ecco ...

  • Rebike_Refurbishment-Center Kempten_04
    Article

    Rebike Mobility with strong growth in the 1st half of 2023

    2023-06-23T15:56:00Z

    The bicycle and e-bike market is facing a fundamental change. The ongoing professionalization of the used market, availability of young used bikes from the popular service bike leasing contracts as well as the longevity of premium e-bikes are positively boosting the second-hand market and promoting circular business models. This is ...

  • SPORT 2000 Store
    Article

    Sport 2000 increases outdoor market volume

    2023-06-07T08:37:00Z

    Sport 2000 once again increased its outdoor sales to a new peak of almost €1 billion in 2022. Outdoor accounted for 29 percent of total sales last year. Outdoor external sales for the first five months of 2023 were at €381 million and, with an increase of 1.5 percent, slightly ...

  • Scarpa Logo
    News briefs

    Scarpa records double-digit sales increase

    2023-06-06T16:55:00Z

    Scarpa posted consolidated sales of €169 million for 2022, which marks a 26 percent increase from 2021. The Ebitda of €21.5 million compares to an Ebitda of €18.8 million in 2021. In 2022, the Italian outdoor footwear specialist further strengthened its commitment to sustainability through the launch of LIFE Re-Shoes, ...

  • 7023-772-17_Lovino-C2G-taupe_Detail-Gravel-Breaks_01
    News briefs

    Glove brand KinetiXx records 55% growth

    2023-06-01T14:12:00Z

    Source: KinetiXx KinetiXx Lahja C2G German glove manufacturer W+R’s relatively young KinetiXx brand reported significant growth in the past fiscal year (ended March 31, 2023). Sales of the sports glove label, which excelled with outstanding successes in cross-country skiing and biathlon, particularly in the World Cup and ...

  • VF_Corp_Logo
    Article

    As TNF and DTC continue to grow, VF Corp. has a turnaround strategy in place

    2023-05-24T17:43:00Z

    VF Corp., which has begun a rigorous six- to 12-month process to find a new CEO, says it has a plan in place that will improve its sales and profitability fortunes over the next 12 months. It centers on continued growth for its The North Face (TNF), EMEA, and direct-to-consumer ...

  • USWE Q3 2022
    Article

    USWE reports ongoing consumer demand in Q3 despite challenging macroeconomic conditions

    2023-05-21T07:56:00Z

    Despite challenging macroeconomic conditions, Swedish company USWE Sports AB’s net sales increased 27 percent in the third quarter (ending December 31, 2022). During the quarter, direct-to-consumer sales performed strongly, with demand for the group’s USWE, Giant Loop and Void brands increasing and online sales growing. However, distribution channels are still ...

  • KMD Logo
    News briefs

    KMD reports sales growth across brands in Q3

    2023-05-19T10:11:00Z

    New Zealand-based company KMD Brands offered a trading update on its three brands for the period ended April 23, saying Rip Curl, Kathmandu, and Oboz each generated sales growth. With the group reporting Q3 consolidated, year-over-year sales growth of 15.6 percent, Oboz had the period’s largest sales increase at 120.3 ...

  • Canada Goose
    Article

    Sales growth for Canada Goose in Q4 driven by EMEA, Asia Pacific

    2023-05-19T06:12:00Z

    Higher direct-to-consumer revenues coupled with the absence of pandemic-related restrictions helped Canada Goose achieve double-digit revenue growth in the EMEA and Asia-Pacific regions in Q4 ended April 2. Period operating income was C$17.2 million (€11.9m) versus C$0.9 million, but the group reported a net loss of C$10.0 million (€6.9m) against ...

  • KMD Logo
    News briefs

    KMD Brands refinances debt with sustainability-linked loans

    2023-05-16T14:47:00Z

    KMD Brands, the New Zealand-based parent of Kathmandu, Rip Curl, and Oboz, has successfully refinanced its NZ$310 million (€177.4m) in debt with sustainability-linked, multi-currency revolvers. The three-and-a-half-year finance package, which includes a A$240 million (€147.6m) revolver and a NZ$54 million (€30.9m) revolver, provides the group with significant liquidity to support ...

  • Addnature Logo
    Article

    Addnature with losses in FY22, no immediate improvement expected

    2023-05-15T09:34:00Z

    According to ehandel.se, Swedish outdoor online retailer Addnature, founded in 2000 and a wholly owned subsidiary of Internetstores Group since 2013, which in turn is part of Signa Sports United (SSU), has had a year of ups and downs. In its most recent financial statements for fiscal 2022 (October 2021 ...

  • Leatt Logo
    Article

    ​Leatt faces stark comparison with last year’s Q1 numbers

    2023-05-12T14:31:00Z

    Even as South African protective equipment maker Leatt Corporation chalked up last year’s record sales as the best in its history, in the second half of the year, supply chain issues, inflation, weak consumer demand and a strong US dollar had already led to high inventory levels and a decline ...

  • YETI-USA-Logo-Social
    Article

    Yeti Q1 sales inch up despite recall impact, sees return to double-digit growth in Q4

    2023-05-12T09:43:00Z

    Yeti’s sales in the first quarter of 2023 rose by 3 percent to $302.8 million, despite being affected by a stop sale of certain soft coolers included in voluntary recalls implemented due to safety concerns.

  • helly-hansen_Logo
    News briefs

    Helly Hansen sales rise by double-digits in Q1

    2023-05-11T13:52:00Z

    Helly Hansen, the Norwegian outdoor brand owned by Canadian Tire, generated a 22.9 percent increase in Q1 revenues to C$208.4 million (€150.6m) compared to C$169.6 million in Q1 2022. In Norwegian kroner, sales were NOK 1,576.3 million versus NOK 1,185.1 million for the period that ended March 31. The company ...

  • Bildschirmfoto 2022-08-23 um 10.59.45
    Article

    Jack Wolfskin delivers a “nice quarter of growth” for Topgolf Callaway

    2023-05-11T09:57:00Z

    Topgolf Callaway Brands, the parent group of Jack Wolfskin, beat earnings and sales forecasts for its first financial quarter but trimmed profit forecasts. CEO says the outdoor wear and equipment brand outperformed expectations in China, although headwinds in Europe persist.

  • Giant Group Logo
    Article

    Giant Q1: Overstock harming sales in the West

    2023-05-10T15:02:00Z

    Inventory reductions in the European and North American markets, as well as the higher year-on-year comparison base, have had a direct impact on the first quarter results of bicycle producer Giant Manufacturing Company Limited (Giant Group). The Taiwanese company had to swallow a 9.6 percent sales drop compared to the ...

  • ThredUp logo1
    Article

    ThredUp making progress towards profitability

    2023-05-10T15:01:00Z

    ThredUp Inc. CEO James Reinhart said he was “confident in our ability to flex our marketplace, invest in strategic growth opportunities, and make progress towards profitability” as the resale platform announced its financial results for the first quarter ended March 31, 2023.

  • Orbea 2023 - 1100 x 733
    Article

    Orbea posts seventh consecutive year of growth

    2023-05-09T15:19:00Z

    Without losing sight of its values and identity as a cooperative, Basque bike manufacturer Orbea S. Coop has become a leading and globally recognized bike supplier. As the company announced at its AGM on May 6, it now employs more than 1,000 people worldwide. 80 percent of them in its ...