Latest Financial Results – Page 11
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ArticleRevolutionRace growth slows as CEO steps down
RevolutionRace said sales growth decelerated further in July, continuing the trend seen in the fourth quarter ended June 30, when the top line grew by 16 percent to 318.2 million Swedish kronor (€30.2m), down from the 50 percent sales gain seen in the previous quarter. “Looking ahead, we are very ...
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ArticleCanadian Tire’s SportChek, Helly Hansen make key gains in Q2
Canadian Tire’s SportChek and Helly Hansen business units made strides in a period where the national retailer generated a 9.9 percent overall retail sales growth to 5,363.8 million Canadian dollars (€3.95b) and an Ebit decline of 41 percent to C$123.8 million (€10.2m) from C$208.6 million. At SportChek, which ended the ...
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ArticleCanada Goose sales up 24% in seasonally sluggish quarter
Canada Goose, confirming it has not seen any signs of slowing demand for its products, reported 24.2 percent revenue growth to 69.9 million Canadian dollars (€51.4m) from C$56.3 million in its first quarter. The Q1 operating loss widened by nearly 31 percent to C$80.7 million (€59.4m) from C$61.8 million, but ...
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ArticleLeatt reports yet another quarter of global revenue growth
U.S. over-the-counter (OTC) traded South African protective equipment maker Leatt Corp reported a 25.4 percent increase in sales (compared to Q2 2021) to $17.94 million for the second quarter of the current fiscal year 2022. Operating income increased 18.5 percent to $3.73 million, while net income increased 13 percent to ...
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ArticleWolverine beats expectations in Q2, but lowers FY guidance
Wolverine Worldwide, concerned about inventory escalation in various U.S. retail channels and the likelihood of higher wholesale order cancellations in the market for the remainder of the year, has lowered its FY22 outlook downward. Lingering supply chain delays and currency exchange rates also contributed to the revision. The adjustment was ...
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ArticleBike24’s bright spot in difficult times is its young international business
Thanks to sales increases in Spain, France and Italy, the listed German cycling, running and swimming sports online retailer Bike24 Holding AG was at least able to significantly grow its international business. Nevertheless, the Dresden-based company had to accept a decline in sales of 4 percent to €67 million in ...
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ArticleWeyco's key brands rise sharply, relaunch of Forsake planned for next year
Weyco Group reported double-digit sales increases for each of its four major footwear brands in the second quarter ended June 30, prompting total revenues to rise by 29 percent to $74.4 million from $57.6 million a year earlier. The group’s brands Florsheim and Stacy Adams saw their sales rise by ...
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ArticleFox Factory with new sales records, gives cautious outlook
U.S.-based suspension specialist Fox Factory Corp. reported total revenues of $406.71 million (€399.48 million, +23.9% year-on-year) in its second fiscal quarter of 2022. This amount is split between the Powered Vehicles Group (PVD, $229.03 million, +20.9%) and the Specialty Sports Group (SSD, $177.67 million, +28.1%). SSD sales increased due to ...
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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 ...
