Latest Financial News
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ArticleAluula reports Q1 loss due to windsports slowdown, highlights growth plans
The Canadian materials company’s Q1 sales dipped 37 percent amid windsport headwinds, but strategic hires, new markets and solid margins signal strong growth potential ahead.
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ArticleBike24 swings to profit in 2024, expects strong 2025 growth
E-commerce cycling retailer Bike24 reports €5.3 million in adjusted Ebitda for 2024 after prior-year loss.
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ArticleKMD reports wider H1 loss, but Kathmandu sales trends improve
Despite a tough first half, the parent of Kathmandu, Oboz and Rip Curl sees positive momentum in DTC growth and forward wholesale orders across its key outdoor labels.
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ArticleMips reports strong growth and sustainability gains in 2024
The helmet safety innovator released its 2024 Annual & Sustainability Report, revealing a standout year in both profit and environmental progress.
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ArticleIntersport Austria reports strong winter and growth throughout the year
The Austrian retail group reports a strong winter season with a 17 percent rise in ski rentals, robust growth in running and fitness and expanding year-round sports offerings.
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ArticleMerida reports loss on Specialized write down, but core business strengthens
Despite a major writedown on its Specialized investment, the Taiwanese bicycle manufacturer’s core business is growing.
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ArticleGiant Group faces inventory write-downs due to weak market conditions
The Taiwanese group faces a 7.4 percent sales decline and TWD1.9bn inventory loss but expects profit recovery in 2025 as demand for new products rises.
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ArticleSamsonite reports sales decline in 2024, aims for IPO in the US; Gregory sees slight growth
Samsonite reported a 6.5 percent decline in sales in 2024, but the outdoor division grew, indicating strong demand for high-quality outdoor equipment.
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ArticleSolo Brands faces uncertain future
The US outdoor lifestyle company faces financial uncertainty but outlines a turnaround plan, including cost cuts and pricing changes, as it seeks a return to profitability.
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ArticleTecnica Group reports stable financial results in 2024, with Lowa leading growth
Despite a 4% revenue dip, the Italian group reports solid 2024 results, with Lowa driving growth and a strategic push into digital and sustainability.
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ArticleClarus reports Q4 and FY24 results amid heavy impairment charges
Clarus reports a $65.5 million Q4 loss amid heavy impairments but sees growth in its outdoor segment while adventure sales struggle.
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ArticleRapala VMC makes progress stabilizing business in FY24
As the Finnish group prepares for a CEO transition, it reports mixed FY24 results, citing progress in efficiency and brand positioning.
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ArticleSolo Brands faces delisting from NYSE over low share price
The company risks delisting after its stock remains below $1.00 for 30 days, and it has six months to regain compliance.
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ArticleMixed results for CoDi’s outdoor business in Q4
Compass Diversified’s outdoor brands saw mixed Q4 results, with Boa and PrimaLoft growing while 5.11 and Velocity Outdoor struggled.
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ArticleRocky Brands projects modest 2025 growth after strong Q4
Rocky Brands is cautiously optimistic about the prospects for 2025 after posting better-than-expected sales in the fourth quarter of 2024 and seeing continued momentum at the start of 2025. Sales in the fourth quarter ended Dec. 31 increased by 1.7 percent to $128.1 million versus the year earlier, with growth ...
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ArticleAmer Sports sees 23% Q4 growth, strong Arc’teryx performance
CFO Andrew Page said a “financial turning point in Amer Sports’ journey” occurred in Q4 as the company reported strong Q4 and FY24 results that included strong free cash flow and a “continued transformation” of its capital structure.
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ArticleFirst phase of Wolverine’s turnaround is complete
The parent of Merrell sees progress in its turnaround plan, but retail challenges and tariffs loom.
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ArticleGarmin shares jump to all-time high after Q4 results exceed estimates
The Swiss company’s stock surged 27% as Q4 earnings beat forecasts, with strong growth in outdoor and fitness segments.
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ArticleYeti reports strong Q4 despite recall challenges
The US outdoor company navigated a competitive market and product recall costs to deliver strong financial results for Q4 and FY2024, with notable sales growth across key product categories and global markets.
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ArticleShimano reports sales decline and profit drop across all segments in 2024
The Japanese group – and the world’s leading bicycle component manufacturer – reports a 22% drop in 2024 operating income due to weak bike and fishing sales but forecasts growth in 2025.
