Latest Financial Results – Page 16
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ArticleNew Wave’s sales growth driven by Sports & Leisure
The Swedish-based New Wave Group, which owns sports brands like Craft and Cutter & Back and distributes several others, saw total sales in the last quarter increase by 23 percent to 2,307 million Swedish kronor (€218.7m), with the growth driven by its Sports & Leisure segment. At constant currency rates, ...
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ArticleCallaway sees continued robust growth, Jack Wolfskin relaunch progressing well
Callaway Golf predicted another year of robust topline growth in 2022, after revenues in the fourth quarter jumped by 90.0 percent to $711.7 million, benefiting from “strong momentum” at Jack Wolfskin and TravisMathew and the addition of Topgolf earlier in the year. The growth for the new year is expected ...
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ArticleCanada Goose cuts guidance as sales, retail traffic disappoint
Canada Goose cut its guidance for the full year, citing lower-than-expected revenues and retail traffic in EMEA and APAC regions in the ongoing fourth quarter of its financial year due to new restrictions imposed in the wake of outbreaks of the Omicron coronavirus variant. The company now expects to post ...
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ArticleMips Q4 net sales rise despite supply constraints & China factory slowdowns
The Swedish helmet safety technology provider Mips reported a 41 percent rise in net sales during the fourth quarter, despite supply chain constraints and power restrictions on factories in China. The specialist in “brain protection” said net sales for the three months to Dec. 31 rose to 198 million Swedish ...
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ArticleThule sees continued sales growth while margins are squeezed by higher costs
The Swedish-based Thule Group saw sales rise by 15.0 percent in the fourth quarter of 2021 to 1,846 million Swedish kronor (€177.5m) as demand for its outdoor products remained strong. However, margins were squeezed by “significant” cost increases compared to the year earlier. On a currency-adjusted basis, sales went up ...
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ArticleFenix reports records for Q4 thanks to sales increase and despite Omicron hit
Fenix Outdoor International has reported record fourth-quarter earnings driven by surging sales in its Frilufts segment and the delivery of goods delayed in the previous three months from the Brands division. The company said net sales for the three months to December 31 rose by 33 percent to €196.5 million ...
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ArticleShimano with a strong year, but slowing down
Shimano’s consolidated revenues went up by 44.6 percent to 546.3 billion yen (€4.14bn) in the financial year ended Dec. 31, recovering from a mere 4.1 percent of growth in the previous year. Still, the company is guiding for an increase of only 6.1 percent in 2022. The group’s operating earnings ...
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ArticleRevolutionRace keeps up sales momentum
Swedish DTC outdoor company RevolutionRace (RVRC) says it is seeing continued robust growth at the start of the third quarter of its fiscal year, after sales in the second quarter increased by 58 percent to 392 million Swedish kronor (€37.5m-$42.8m) amid continued strong demand for multifunctional garments. On a constant ...
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ArticleJohnson Outdoors sees strong orders, Q1 sales slip amid supply chain disruptions
Johnson Outdoors, the owner of the Jetboil and Eureka brands, amongst others, saw sales decrease in the first quarter of its financial year as supply chain disruptions made it difficult to keep up with demand for outdoor recreation products. Total company sales in the three months to Dec. 31 declined ...
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ArticleDeckers expects 19-20% growth for the fiscal year
Deckers Brands, the parent company of Hoka, Teva and other brands, is currently forecasting revenues of $3.03-3.06 billion for the full financial year ending March 31, indicating a growth of between 19 and 20 percent. It expects to book a gross margin of less than 51.5 percent for the year, ...
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ArticleColumbia exceeds forecast, driven by DTC
Despite persistent supply chain disruptions that negatively impacted its wholesale revenues, Columbia Sportswear reported impressive fourth-quarter results on the strength of its Direct-To-Consumer and e-commerce businesses and an improvement of 1.6 percentage points in the gross margin to 52.2 percent, as higher freight costs were more than offset by a ...
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ArticleVista Outdoor raises guidance after record Q3
Minnesota-based Vista Outdoor raised its guidance for its fiscal year ending this March after reporting record results in the third quarter ended Dec. 26 amid continued high consumer demand for sporting and outdoor products. Vista Outdoor is now projecting fiscal year 2022 sales of $2.97 billion to $3.0 billion, representing ...
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ArticleTNF drives VF Corp.’s sales and outlook
VF Corp., the owner of brands such as Vans, The North Face and Timberland, cut its overall sales guidance for the financial year ending in March 2022 to $11.85 billion from a previous $12.0 billion, as it once again lowered the forecast for its Active segment, led by Vans, while ...
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ArticleNYSE newcomer SSU increases sales despite supply bottlenecks for bikes, but falls short of expectations
Signa Sports United (SSU), the world’s leading sports e-tailer whose shares began trading on the New York Stock Exchange on Dec. 15, reported a 10 percent increase in total sales to €247 million for the fourth quarter of its fiscal year ending Sept. 30, 2021, despite supply shortages for bicycles. ...
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ArticleDometic’s top line boosted by M&A, optimistic about demand outlook
Dometic reported sales in the fourth quarter of 5,542 million Swedish kronor (€532.0m-$593.9m) , an increase of 32 percent on the previous year, as management expressed optimism on the demand outlook in coming quarters but warned about persistent clouds on the supply chain front. Sales growth at the Swedish specialist ...
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ArticleChiruca broke its sales record in 2021
Chiruca, Spain’s top supplier of outdoor boots, achieved revenues of €20.5 million in 2021, 41 percent more than the €14.56 million of 2020 and 13.9 percent more than the €18 million of what until now was the company’s record year, 2010. Speaking to CMDsport, the brand’s sales director, Fernando Castiella, ...
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ArticleGreen awareness provides greater tailwind for bike stocks in 2021
2021 had it all: on the one hand, more lockdowns, virus variants, inflation, zero or negative interest rates, supply bottlenecks, political crises, trade and other wars, etc. On the other hand, 2021 experienced a world stock market that trudged steadily upward. This also gave our 2021 cycling stock some major ...
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ArticleOutdoor and bike industry stocks rose by 3.0% in Q4
Our quarterly analysis of the outdoor stock market shows a 3.0 percent sequential increase in the average stock prices of 32 public companies primarily involved in the outdoor and bicycle sectors between Sept. 30 and Dec. 31, 2021. This came after increases for most of the same companies of 18.9 ...
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ArticlePierer Mobility records strongest growth with e-bikes
According to Austrian two-wheeler specialist Pierer Mobility AG, the 2021 financial year shone with new records – so much that the board raised its sales forecast even before the publication of the preliminary key data for 2021 on Feb. 1. Previously, the publicly listed company had communicated a sales forecast ...
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ArticleHelen of Troy raises outlook after Osprey acquisition, strong Q3 showing
Helen of Troy, the El Paso, Texas-based consumer goods company that owns outdoor drinkware brand Hydro Flask and Oxo and recently closed a deal to acquire backpack manufacturer Osprey Packs, raised its guidance for the full fiscal year to take into account that acquisition and after posting better-than-expected results in ...
