Latest Financial Results

  • Mips
    Article

    Mips sales bounce back to double-digit growth

    2024-07-19T10:31:00Z

    In the second quarter of 2024, Mips AB generated net sales of 133 million Swedish kroner (€11.54m). According to the company, the sales growth of 30.4 percent compared to Q2 2023 can primarily be attributed to a normalizing inventory situation in the sports category.

  • thule_group_logo_black
    Article

    Thule Group operating income rises 3% in Q2

    2024-07-18T05:56:00Z

    Thule Group AB, despite a promotional North American market and lower RV products across Europe and Rest of World, reported a 3 percent gain in operating income to 732 million Swedish kroner (€63.3m) for the quarter ended June 30. Net income increased by 3.7 percent to SEK 559 million (€48.4m) ...

  • Helen of Troy_Logo
    Article

    Outdoor slowdown impacts Helen of Troy results

    2024-07-10T06:39:00Z

    Helen of Troy experienced a 520-basis point decline in Q1 adjusted operating margin for its Home & Outdoor segment to 10.6 percent from 15.8 percent for the period ended May 31.

  • Naturkompaniet
    Article

    ​Naturkompaniet’s turnover increased to €75m in 2023

    2024-07-06T06:35:00Z

    Naturkompaniet’s turnover in Sweden increased by 34 million Swedish kronor in 2023, reaching SEK 854 million (€75.4m) compared to SEK 820 million (€72.4m) the year before. The Outdoor Industry Compass spoke with CEO Henrik Hoffman about the latest numbers.

  • rotor-bike-components-logo-500px-blk.x85643
    Article

    Surprise drop in FY23 sales at Rotor

    2024-06-14T08:59:00Z

    Rotor, the Spanish producer of bicycle components, had projected record sales for the full year 2023 but has ended up posting a 20 percent decline in revenues to €17.5 million, according to CMDsport. The company is now projecting a reversal of the reversal for the current year, hoping to achieve ...

  • USWE Group
    Article

    USWE with 49% organic growth in Q4, annual sales surpassing SEK 100m

    2024-06-01T14:59:00Z

    The organic net sales of USWE Sports AB, the Swedish parent company of USWE, Void Cycling and Giant Loop, increased by 49 percent in Q4 (January to March) compared to the same period last year. According to the company, this growth was primarily driven by increased sales to wholesalers and ...

  • IdealGebäude overall
    Article

    Ideal Bike reduces loss while revenue drops significantly

    2024-05-27T08:26:00Z

    Following Taiwan’s leading bicycle manufacturers Giant and Merida, Formosa’s third largest bicycle manufacturer Ideal Bike Corporation is not looking any better either. According to 2024’s first quarterly report, Ideal Bike achieved net sales of TWD 627.45 million (€17.96 million). Compared to the first three months of the previous year, this is an impressive decline of 39.9 percent.

  • Deckers
    Article

    Teva and Sanuk down, while Hoka accounts for strong FY24 at Deckers

    2024-05-24T06:33:00Z

    Deckers Brands, the parent of Hoka and Teva, among others, ended a successful fiscal year by reporting a 36 percent operating income increase in the final period to $144.3 million compared to $105.9 million. Gross margin expanded by 620 basis points to 56.2 percent. Revenues increased by 21 percent ...

  • MeridaAussenansicht HQ Dacun Township Changhua County2
    Article

    Still no turn for the better for Taiwanese bicycle manufacturers

    2024-05-23T08:24:00Z

    After Taiwan’s leading bicycle manufacturer Giant Manufacturing already reported a double-digit drop in sales for the first quarter of 2024, the country’s number two, Merida Industry Co. is now following suit with its Q1 results: Compared to the first three months of the previous year, Merida’s consolidated sales in Q1 ...

  • VF_Blue_Ball_New_Logo
    Article

    VF share plummets 11.7% after poor Q4 results, but beats full-year cash flow forecast

    2024-05-23T06:50:00Z

    VF Corp. failed to exceed consensus estimates for quarterly sales and profit for a fourth consecutive quarter. The latest bad news for the parent of The North Face (TNF), Vans, Timberland and Dickies, among others, sent VF’s shares down 11.7 percent in after-market trading on May 22. The stock has ...

  • Amer_Sports_Logo.svgz
    Article

    Amer Sports’ Q1 revenue growth driven by Arc’teryx

    2024-05-22T06:29:00Z

    Bolstered by constant-currency growth of 48 percent for its Technical Apparel segment, including the Arc’teryx business, Amer Sports delivered Q1 sales and profitability above guidance in Q1. Operating profit fell by 16 percent to $109.0 million from $130.4 million in the period ended March 31. Ebit tumbled by 67 percent ...

  • Canada Goose
    Article

    DTC drives Canada Goose

    2024-05-20T07:06:00Z

    Canada Goose, which recently hired its first creative director to reshape its product portfolio and elevate its creative aesthetic, reported a 31 percent improvement in Q4 operating income to C$7.6 million (€5.1m) against a C$10.0 million loss in the year-ago period. Net income attributable to shareholders was C$5.0 million. Gross ...

  • Leatt
    Article

    Leatt Q1 sales continue to decline, but inventories normalize

    2024-05-15T07:10:00Z

    After a sales boom during the pandemic years, the shares of the South African manufacturer of protective equipment for motorized and non-motorized off-road two-wheelers Leatt Corporation (traded OTC in the US), like many others, have experienced a “down-to-earth” development in the post-Covid period. This continued in the first quarter of ...

  • vista_outdoor_logo_kopie_8
    Article

    Vista Outdoor weighs buyout offer, reports Q4 results

    2024-05-13T02:08:00Z

    The board of Vista Outdoor continues to recommend the sale of its The Kinetic Group to Czech group CSG, which would pay shareholders $12.90 a share in cash and one share in its Revelyst spin-off. However, the company will conduct a special meeting on June 14 to consider another buyout ...

  • YETI-USA-Logo-Social
    Article

    Yeti bumps up FY income outlook after solid Q1

    2024-05-10T01:56:00Z

    The outdoor product group maintained its full-year adjusted sales outlook of 7 to 9 percent growth. However, after reporting strong Q1 results, Yeti moved its adjusted operating income percentage target up slightly to 16.0 to 16.5 percent. Operating income rose by 71 percent to $25.8 million from $15.1 million ...

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Emerging ‘proof points’ are positive news for Wolverine

    2024-05-10T01:47:00Z

    In a self-proclaimed “transition year,” Wolverine Worldwide is beginning to witness ”proof points” that it hopes will signal an ongoing turnaround for the Saucony, Merrell and Sweaty Betty parent. These developments in Q1, where the company exceeded Wall Street’s revenue guidance, included higher gross margins, less promotion in the direct-to-consumer ...

  • GoPro_Logo
    Article

    GoPro says turnaround will take more time as Q1 loss widens

    2024-05-08T14:08:00Z

    GoPro’s Q1 revenues exceeded its guidance, but the operating loss increased for the period ended March 31. Founder and CEO Nicholas Woodman said the company is making progress on its multi-year strategy. Still, he urged investors to be patient as GoPro continues investing in a broader product line and retail ...

  • Bike24 Logo
    Article

    Despite difficult times, Bike24 looks to a brighter future

    2024-05-07T13:12:00Z

    Although 2024 got off to a challenging start in a persistently uncertain economic environment, Bike24 Holding AG, the German e-commerce retailer for cycling, running and swimming sports, expects a return to growth with improved profitability. “In the current macroeconomic environment, we have made a satisfactory start to 2024,” said Bike24 ...

  • RevolutionRace_logo
    Article

    RVRC sets new three-year targets as Q3 results come in strong

    2024-05-07T12:43:00Z

    Swedish DTC outdoor company Revolution Race (RVRC) disclosed new three-year financial targets ahead of reporting strong Q3 results. The group intends to achieve annual sales growth of 20 percent and an adjusted EBIT margin of 20 percent through FY26/27. In late January, RVCR said its FY23/24 revenue objective was at ...

  • Fox Factory2
    Article

    Acquisition of Marucci cushions decline in Fox Factory's SSG bike product sales

    2024-05-05T16:45:00Z

    Suspension specialist Fox Factory Holding Corp. announced that the company met expectations with a 16.6 percent decline in sales in the first quarter (compared to Q1 2023) to $333.47 million (€309.91m): all three of Fox Factory’s divisions suffered sales declines. The total Q1 sales can be divided into: Powered ...