Latest Financial Results – Page 10
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ArticleHelen of Troy gets operating income lift in Home & Outdoor
Fourth quarter operating income in Helen of Troy’s Home & Outdoor segment, which includes Osprey Packs, Oxo and Hydro Flask, rose by 38.5 percent to $31.3 million from $22.6 million due to lower inventory obsolescence expenses and the favorable impact of acquisition-related costs in the year-ago period. Segment revenues were ...
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ArticleShimano’s bike sales drop 17% in Q1, revises annual forecast
When Shimano Inc. presented its 2022 annual report in February with record sales and profits, the company simultaneously warned of a challenging 2023, forecasting a 20-percent drop in sales. Looking at the first quarterly figures just presented, it can be said that the Japanese company was not so wrong with ...
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ArticleMips’ weak bicycle business impacts overall result in Q1 2023
In the first sales quarter of 2023, the slump in the bicycle business, which was already noticeable last year, and the associated high inventory levels at retail continued noticeably for “Brain Protection System” (BPS) manufacturer Mips AB. This ultimately resulted in net sales of SEK 88 million (€7.7m). In the ...
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ArticleFenix posts record Q1 sales but sees uncertain Q2 amid high inventories
Fenix Outdoor International reported sales of €180.0 million in the first quarter of 2023, a new record for the first three months of the year and up from €165.2 million for the year earlier, although margins remained under pressure amid inflation. Ebitda inched up to €31.2 million from €30.8 million ...
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ArticleAnalysis: More than half of the outdoor stocks make gains in Q1
Our Q1 Outdoor Index includes the revenue and profit development of 37 major outdoor companies.
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ArticlePon Holdings cracks €10 billion in 2022
For the first time in the history of the family-run mobility company, Pon Holdings B.V. cracked the €10 billion sales mark last year. The Dutch company attributes this to the growth boom in sales of e-cars, e-bikes and e-equipment. The Pon.Bike division (brands Cervélo, Focus, Gazelle, Kalkhoff, Santa Cruz, Union, ...
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ArticleCurrent overstock constraints cannot beat positive long-term outlook: Q1 bicycle industry stock chart
There are still hurdles to overcome. But in the long run, our cycling expert Jo Beckendorff says “Trends are the bike industry’s friends.”
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ArticleFenix sees possible M&A, aims to cut logistics costs after starts 2023 ‘in a reasonable way’
Fenix Outdoor International said it is beginning 2023 “in a reasonable way” despite economic uncertainty and high inventory levels at retailers. The trend seen in the fourth quarter of 2022, with brick-and-mortar stores performing somewhat better than digital, has continued at the start of this year, the company added. “We ...
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ArticleAs pandemic’s impact eases, KMD Brands grows H1 sales
KMD Brands, the down-under parent of Rip Curl, Kathmandu, and Oboz, reported Ebit of NZ$31.4 million (€18.6m) for H1 ended Jan. 31. Total revenues rose by 34.5 percent to NZ$547.9 million (€323.8m) as gross margin came in flat at 58.7 percent. Ebitda was NZ$90.8 million (€53.7m) versus NZ$45.3 million. The ...
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ArticleTecnica Group reports record financial year
According to its 2022 financial statements just published, Italy’s Tecnica Group looks back on the highest results in its history, with sales of €561 million, up 21 percent year-on-year. Adjusted Ebitda amounted to €94.5 million, up 14 percent compared to FY2021. In 2022, the company also posted a consolidated operating ...
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ArticleGerman e-tailer Bergfreunde continues on record path in 2022
German e-commerce retailer for mountain sports, climbing and outdoor, Bergfreunde GmbH, has achieved record sales of €242 million in its 2022 fiscal year. Compared to the previous year, this is an increase of 19 percent. With this result, the online specialty retailer was able to stand its ground in a ...
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ArticleNew record sales in 2022 for Haglöfs
Despite a challenging market, Swedish outdoor supplier Haglöfs saw sales increase 11 percent – an all-time high, driven by new products such as the new L.I.M Series Z|T collection – and profitability increased 25 percent in 2022. CEO Fredrik Ohlsson predicts that the structural trend for the outdoor industry ...
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ArticleSchwalbe manufacturer Bohle reports record sales in anniversary year
For its 50th anniversary year 2022, Schwalbe manufacturer Ralf Bohle GmbH has reported record sales of €335 million. Compared to 2021, this is a whopping plus of 20.9 percent. Looking at the current fiscal year, however, the German company is expressing caution: For 2023, the bicycle tire manufacturer anticipates declining ...
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ArticleLenzing’s results in FY22 were affected by challenging market conditions
Lenzing Group, the Austrian supplier of specialty fibers, saw its revenues increase by 16.9 percent year-on-year to €2.57 billion in the 2022 financial year, primarily due to higher fiber prices. The quantity of fiber sold decreased, while the quantity of pulp sold rose, said the company. In addition to lower ...
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ArticleWeyco sales slightly down in Q4 due to North American wholesale business
Weyco Group reported fourth-quarter 2022 revenue of $99.0 million, down 2 percent from a year ago, which had been expected because some wholesale orders from the third quarter of 2021 were pushed into the fourth quarter due to supply chain disruptions. The sales decline was due entirely to the North ...
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ArticleGarmont with growth in 2022, U.S. and Germany at the top of the list
Garmont, the Italian outdoor footwear company founded in 1964, reported total sales of €40.5 million in fiscal 2022, up 60 percent from the previous year, and consolidated Ebitda of more than 16 percent. ”In 2022 we defined a strategy that allowed us to maintain our market positions while taking into ...
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ArticleCompass Diversified branded results impacted by PrimaLoft
Net income from continuing operations in Compass Diversified’s (CoDi) branded consumer companies related to sports, outdoor and apparel (5.11 Tactical, Boa, Marucci Sports, PrimaLoft, and Velocity Outdoor) declined by 81 percent to $2.79 million from $14.73 million in Q4, negatively impacted by operating losses at both PrimaLoft and Velocity Outdoor. ...
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ArticleNon-cash impairment charge drags Clarus to Q4 loss
Clarus Corp., whose management described 2022 as one of its most challenging years due to various macroeconomic headwinds, reported a net loss of $81.6 million against a profit of $14.0 million in Q4 ended Dec. 31. The result was impacted by a $92.3 million non-cash impairment charge. The fourth quarter ...
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ArticleAfter an 18% decline in Q4, Rocky Brands expects sales to drop 7-9% in 2023
Rocky Brands expects sales to decline by about 7 to 9 percent in 2023 to $560-570 million from the $615.5 million seen in 2022, as it pointed to continued economic uncertainty after posting an 18.0 percent decline in revenues in the fourth quarter of 2022. “With the outlook for the ...
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ArticleFox Factory posts record sales and profits in challenging fiscal 2022
On Feb. 23, suspension specialist Fox Factory Holding Corp. announced financial results for the fourth quarter and full fiscal year 2022. Thanks to continued strong sales in the second half of the year, marked by a general reluctance to buy due to inflation, the U.S. company once again posted record ...
