Latest Financial Results – Page 12
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ArticleGiant Group reports historic quarterly record
With a record-breaking second quarter under its belt, Taiwanese bicycle manufacturer Giant Manufacturing Company Limited (Giant Group) has increased its H1 sales by 7.2 percent to a total of TWD 45.01 billion (€1.47 billion). Considering the rising inflation worldwide and the war in Ukraine, this is an excellent result. In ...
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ArticleJack Wolfskin sales grow double-digit despite headwinds in China and Europe
Callaway reported record second-quarter results, driven by sales and operating profit growth at its top golf facilities. Callaway said pricing and other business improvements implemented in the first half of the year enabled the company to “outrun the ubiquitous inflationary pressures, unfavorable foreign currency exchange rates and staffing challenges.” Net ...
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ArticleYeti sees plenty of upside from markets outside U.S.
Yeti, the premium drinkware and cooler brand, says it will focus on driving consumer relevance and “developing optimal omnichannel distribution” in the six European markets, Japan and Australia, where it already has brand penetration. After launching a website in the U.K. in 2019, the company added websites in Germany, France, ...
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ArticleCompass Diversified lifts guidance after Q2 sales surge by 19%
Compass Diversified (CoDi) lifted its outlook for the full year after a 19 percent rise in second-quarter net sales growth driven by Boa Technology and Lugano Diamonds. Net sales rose to $515.6 million from $431 million a year earlier. Net income increased to $31 million compared to a net loss ...
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ArticleLenzing sees “significantly higher” Ebitda as H1 revenues jump
Specialist fiber maker Lenzing Group said it expected annual Ebitda to be significantly higher after reporting a 25 percent jump in half-year revenue, driven by higher fiber prices. The company said revenue in the six months to June 1 rose to €1.3 billion, compared with £1.03 billion a year earlier. ...
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ArticleClarus generates 37 percent of quarterly revenue gain from acquisitions
Clarus Corp, the Utah-based parent of Black Diamond and Rhino-Rack among others, reported a 16.8 percent increase in second-quarter operating income to $7,791,000 from $6,668,000 million for the period ended June 30. Net income increased by 105 percent year-over-year to $3,764,000 from $1,840,000. Gross margin slipped slightly to 38.0 percent ...
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ArticleVF Corp. suffers quarterly loss, but EMEA is strongest region
VF Corp. reported a first-quarter loss, related mainly to a $92 million non-cash pension charge. Still, the EMEA region, The North Face and Timberland were the strongest performers for the company in the period ended June 30. In the face of expected currency headwinds, the company is maintaining its fiscal ...
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ArticleVista Outdoor’s Q1 net income up 23%
Vista Outdoor, the group that has just acquired Fox Racing and Simms Fishing, saw its total net sales increase by 21.1 percent to $802.6 million for the first quarter of its fiscal year 2023, which ended on June 26, 2022. The increase was driven by strong double-digit growth in Sporting ...
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ArticleColumbia will lean on key markets for tempered FY22 sales growth
Simultaneously reporting results for its seasonally lowest volume quarter, Columbia Sportswear reduced its full-year sales and profit outlooks. The company is concerned about the current state of the consumer and potential retail order cancellations later this year. It cited deteriorating market conditions and the economic climate, particularly in the U.S., ...
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ArticleShimano sees strong demand for bikes in first half, fishing segment cooling down
Shimano reported a 22.4 percent increase in net income to 68,558 million Japanese yen (€491.6m) for the six months ended June 30. Operating income was 15.7 percent higher for the period at ¥80,909 million (580.2m) versus ¥69,922 million in the year-ago period. Pearl Izumi U.S. was excluded from the reported ...
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ArticleMips withstands stock price decline with strong Q2 results
Thanks to continued strong sales in its Sport and Moto business units, helmet technology specialist Mips AB reported a 45.1 percent increase in sales in the second quarter of this year (and compared to April-June last year). The 206 million Swedish kronor (€19.77 million) earned also represents a new sales ...
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ArticleFrilufts drives Q2 growth at Fenix Outdoor as stores reopen
Fenix Outdoor International’s sales increased by one-third in the second quarter as the company’s outdoor retail segment (Frilufts Retail Europe) in Germany (Globetrotter retail chain) rebounded due to the reopening of stores following the Covid lockdowns. The company said sales for the three months to June 30 rose 29 percent ...
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ArticleThule Group maintains Q2 gross margin on price hikes, efficiencies
Source: Thule Group Magnus Welander, President and CEO Thule Group was able to maintain its second-quarter gross margin rate at 42.2 percent year-on-year through price increases and efficiencies that helped offset negative margin impacts from higher raw material costs and freight prices coupled with unfavorable exchange rates. ...
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ArticleDometic sees organic sales slip 1% in Q2, unveils new efficiency measures
Dometic saw a 1 percent decline in organic sales in the second quarter of 2022 as Service and Aftermarkets sales slipped following a strong year-earlier performance and retailers globally rebalanced their inventory levels amid tougher market conditions. Acquisitions and foreign currency tailwinds nonetheless allowed the company to boost its top ...
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ArticleRapala VMC H1 results sink on market challenges
Rapala VMC suffered a 42 percent decline in comparable first-half operating profit to €15.5 million from €26.5 million as total revenues dipped by 7 percent to €148.4 million from €159.6 million. First-half net profit slid 52 percent to €8.7 million from €18.1 million. Period end inventories were up nearly 60 ...
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ArticleHelen of Troy’s outdoor business shows resilience in Q1
Outdoor-related products, including the recently acquired backpack manufacturer Osprey Packs, led sales gains in the Home & Outdoor segment of El Paso, Texas-based consumer goods group Helen of Troy in the first quarter ended May 31. Sales gains for the segment came despite a decline in the company’s overall top ...
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ArticleAnalysis: Outdoor industry stocks fell more than 21% in Q2
Outdoor industry stocks fared worse in the second quarter than in the first period of 2022, declining an average of 21.18 percent compared to a 17.84 percent sequential drop in the average stock prices of companies primarily involved in the outdoor and bicycle sectors. This time around, our quarterly analysis ...
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ArticleBicycle Stocks Q2 2022: Russia’s invasion causes market low
After the stock market booster called hope catapulted the OIC Bicycle Stock Chart 2021 to new heights and seemed to defy all realities, the high flight ended with Russia’s invasion of Ukraine. The chart of the first quarter of 2022 already showed a steep decline, which now also continued in the second quarter.
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ArticleIsbjörn reports consistent, sustainable growth
Swedish outdoor children’s apparel brand Isbjörn of Sweden has announced 20 percent year-over-year global growth through April 2022. Isbjörn was recently acquired by Online Brands Nordic AB, which will provide a solid financial backbone for further sustainable growth, and reported a healthy Ebitda of more than 11 percent. Isbjörn is ...
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ArticleMips presents new strategy and updated financial targets
At Capital Market Day 2022 in Stockholm on June 9, Swedish helmet technology and “Brain Protection System” (BPS) manufacturer Mips AB unveiled its new long-term strategy with updated financial targets and strategic priorities for the coming years. The reason for revising the company’s strategy and long-term financial targets is not ...
