Latest Financial Results – Page 11

  • iStock-1033960094_Bike3
    Article

    Current overstock constraints cannot beat positive long-term outlook: Q1 bicycle industry stock chart

    2023-04-03T06:31:00Z

    There are still hurdles to overcome. But in the long run, our cycling expert Jo Beckendorff says “Trends are the bike industry’s friends.”

  • Fenix_Logo
    Article

    Fenix sees possible M&A, aims to cut logistics costs after starts 2023 ‘in a reasonable way’

    2023-03-31T15:19:00Z

    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 ...

  • KMD Logo
    Article

    As pandemic’s impact eases, KMD Brands grows H1 sales

    2023-03-23T07:30:00Z

    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 ...

  • tecnica-group-sede2020
    Article

    Tecnica Group reports record financial year

    2023-03-23T07:18:00Z

    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 ...

  • Moodbild_Copyright Bergfreunde
    Article

    German e-tailer Bergfreunde continues on record path in 2022

    2023-03-16T13:15:00Z

    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 ...

  • LIM_S23_A8136-large
    Article

    New record sales in 2022 for Haglöfs

    2023-03-15T16:04:00Z

    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 ...

  • Hybridgebäude Schwalbe Foyer
    Article

    Schwalbe manufacturer Bohle reports record sales in anniversary year

    2023-03-13T16:55:00Z

    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 ...

  • Lenzing20180509249
    Article

    Lenzing’s results in FY22 were affected by challenging market conditions

    2023-03-13T14:50:00Z

    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 ...

  • Weyco
    Article

    Weyco sales slightly down in Q4 due to North American wholesale business

    2023-03-10T19:54:00Z

    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 ...

  • GARMONT-LOGO
    Article

    Garmont with growth in 2022, U.S. and Germany at the top of the list

    2023-03-02T16:36:00Z

    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 ...

  • Compass-Diversified
    Article

    Compass Diversified branded results impacted by PrimaLoft

    2023-03-02T08:34:00Z

    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. ...

  • Clarus_Black_Diamond_Logos
    Article

    Non-cash impairment charge drags Clarus to Q4 loss

    2023-02-28T13:34:00Z

    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 ...

  • rocky-brands
    Article

    After an 18% decline in Q4, Rocky Brands expects sales to drop 7-9% in 2023

    2023-02-27T12:29:00Z

    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 ...

  • Fox Factory
    Article

    Fox Factory posts record sales and profits in challenging fiscal 2022

    2023-02-27T08:54:00Z

    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 ...

  • Garmin
    Article

    Garmin's operating income drops in Q4, targets $5 billion for FY23

    2023-02-24T16:40:00Z

    Positive currency effects of more than $44.5 million helped Garmin report a 2.5 percent increase in Q4 net income to $293.3 million from $286.1 million. Operating income decreased 15 percent to $267.2 million for the period ended Dec. 31, but gross margin improved to 57.0 percent from 55.5 percent. Total ...

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Wolverine Worldwide forecasts significant increase in profits in H2

    2023-02-24T16:40:00Z

    Wolverine Worldwide, having already taken numerous actions in Q4 that included staff cuts and the divestiture of its Keds business, is targeting flat to 2 percent sales growth in FY23 and a 210-basis point improvement in adjusted gross margin to approximately 42.0 percent as it continues to transform its business, ...

  • YETI-USA-Logo-Social
    Article

    Direct, international drive Yeti in Q4

    2023-02-24T11:10:00Z

    Yeti’s results were negatively impacted by voluntary recalls of certain soft coolers and dry gear bags for the period ended Dec. 31. Fourth quarter sales rose by 1 percent to $448.0 million from $443.1 million but were up 10 percent year-over-year to $486.4 million excluding impacts from the recalls. Direct-to-consumer ...

  • Bike24
    Article

    Bike24’s growth FY 2022 driven by expansion into new markets via localized e-stores

    2023-02-19T09:20:00Z

    According to initial preliminary figures, German cycling, running and swimming online retailer Bike24 Holding AG has closed its fiscal year 2022 with a solid final quarter. In 10-12/2022, sales grew by 2.8 percent to €60 million. Considering that other suppliers in the sporting goods, outdoor and cycling world already began ...

  • Canada Goose
    Article

    Canada Goose aims to have up to 150 stores and $3 billion in sales by 2028

    2023-02-17T18:08:00Z

    After reporting slightly weaker third-quarter numbers earlier this month, Canada Goose, founded in 1957 in a small warehouse in Toronto, Canada, announced not only its five-year financial goals but also an update on its strategic priorities at its Investor Day on Feb. 7, 2023, at the company headquarters. “Today, Canada ...

  • Shimano_logo.svgz
    Article

    Shimano with new sales and profit record for its bicycle division

    2023-02-15T13:59:00Z

    Many companies – irrespective of the industry – lost ground, especially in the second half of 2022. Inflation triggered by the Ukraine war has led to a buying restraint on the part of consumers worldwide. Everyone is feeling the pinch. But there are a few exceptions: For Shimano, for example, ...