Latest Financial News – Page 7
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ArticleLeatt with flat numbers, but optimistic due to visible growth at dealer, consumer levels
The South African supplier of two-wheeler equipment sees optimism ahead despite an 18.4% revenue drop, driven by a growth trend seen at dealer and consumer levels.
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ArticleRegions outside the Nordics drive RVRC’s FY sales growth
The Swedish DTC outdoor company Revolution Race achieves strong double-digit growth in Q4 and for the full year.
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ArticleMerrell works on innovation with parent in throes of turnaround
Wolverine Worldwide boosts its FY24 outlook as Merrell drives growth with innovative trail styles – despite overall Q2 challenges.
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ArticleGiant: After slow first half year, all hopes rest on the second
Giant Group eyes a stronger second half, driven by China’s growing demand, despite a tough start and challenges in Western markets.
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ArticleYeti raises FY guidance after strong Q2
Yeti’s strong Q2 results and raised FY24 outlook signal continued growth, driven by revenue gains, expanding international presence and new partnerships.
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ArticleAre Bike24’s good Q2 results a first sign of market recovery?
Due to a good second sales quarter in 2024, the stock-listed German online retailer is looking positively into the future.
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ArticleGoPro vows to slash expenses, become profitable in 2025
Despite a challenging H1, the action cam company aims for profitability in 2025 through cost reductions and diversification. Q2 saw a 23% revenue decline but growth in subscriptions.
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ArticleVista Outdoor operating income dips 12 percent in Q1
The group’s Q1 sales met expectations, but profits exceeded forecasts despite a 12% drop in operating income. Sales fell by 7.1%, yet gross margin improved.
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ArticleTNF parent records lower than expected sales decline in Q1
VF Corp. is especially optimistic about Vans’ recovery, led by EMEA’s wholesale success. The North Face sales dipped 2%.
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ArticleJohnson Outdoors’ results hurt by lower sales, promotional investments
The American outdoor equipment manufacturer reported an operating loss and an 89% drop in net profit for the third quarter, with sales down 7.8%.
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ArticleUSWE reports marginal sales decline in Q1 amid logistical challenges
The Swedish company reports a challenging Q1 with a 2% drop in sales and logistics issues, but is now focusing on market expansion and improving profitability for future growth.
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ArticleFox Factory sales down, SSG sales increase mainly due to Marucci takeover
The suspension specialist’s Q2 results showed a 13% sales drop, driven by double-digit declines in PVG and AAG sales. However, SSG saw a 17.8% increase, mainly due to the Marucci Sports acquisition and a 52% rise in bicycle brand sales compared to Q1.
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ArticleClarus Q2 results hurt by weakness in EU wholesale, American consumer demand
The owner of Black Diamond and Pieps continued improvements in its Outdoor segment during the second phase of its three-year strategic plan despite facing challenges in North American consumer demand and European wholesale markets.
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ArticleCanada Goose: 4% sales growth in Q1 thanks to Asia-Pacific
Despite a challenging Q1 with a decline in wholesale, the company achieved overall sales growth of 4%, driven by strong demand in the Asia-Pacific region for its SS24 collection.
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ArticleCoDi with strong growth in Boa and PrimaLoft sales amid inventory recovery
Compass Diversified’s branded consumer brands saw significant revenue growth in Q2, driven by destocking recovery and strong European performance, despite setbacks from the Crosman airgun company divestiture in April.
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ArticleGarmin adjusts FY guidance
Sales in the Outdoor segment fell by almost 2 percent due to lower sales of its adventure watches, but Garmin still achieved overall operating income growth of 20 percent with a 14 percent total revenue expansion.
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ArticleBicycle sales slump in Europe weighs on Shimano’s overall business
Announcing a 17.6% drop in total net sales in H1 2024, the world’s leading manufacturer of bicycle components blames macroeconomic turbulences in geopolitically tense times.
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ArticleNewell Brands eyes sequential improvement in H2
Newell Brands confirmed that its Outdoor & Recreation business, including the brands Marmot, Coleman, Contigo and Campingaz, remains its weakest operating segment and is forecasting improving H2 trends for the unit. “The Outdoor & Rec business is the segment that requires the most amount of turnaround at this point,” ...
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ArticleHoka and Ugg with strong performance in Q1, Deckers CEO retires
A 30 percent increase in revenue at Hoka and strong DTC sales are largely responsible for a strong first quarter at Deckers Brands.
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ArticleColumbia’s brand awareness rises in Europe despite Q2 loss
While performing better in important overseas markets than in North America, Columbia Sportswear maintains its full-year guidance despite a weak second quarter.
