Latest Financial Results – Page 5

  • Columbia Sportswear Company
    Article

    Columbia cuts outlook as net falls 17% in Q2

    2023-08-02T08:32:00Z

    Bloated inventories and challenging market conditions in the U.S. are forcing Columbia Sportswear to take a “more conservative” stance on its H2 and full-year results despite explosive year-over-year Q2 sales growth in China and in its lower-margin international distributor businesses. Saddled with a 21 percent year-over-year increase in Q2 ...

  • VF_Logo_Vert_FullColor_NoReg_CMYK-medium
    Article

    VF reports wider Q1 loss and cuts guidance, TNF only revenue gainer

    2023-08-02T08:32:00Z

    VF Corp., the parent of The North Face (TNF) and Vans, welcomed its new President and CEO Bracken Darrell, 12 days on the job, to his first results call by reporting a Q1 loss of $57.4 million against a loss of $55.96 million in the year-ago period on an 8 ...

  • Deckers
    Article

    Company raises full-year guidance as Hoka leads Deckers in Q1, Teva sales down 19%

    2023-07-28T07:11:00Z

    Deckers Brands, intent on growing both its direct-to-consumer and international businesses in the months ahead, generated a 42 percent increase in Q1/24 net income to $63.6 million versus 44.8 million for the three months ended June 30. Operating income was 26 percent higher year-over-year at $70.7 million. Total net sales ...

  • Vista_Outdoor_Logo
    Article

    Vista Outdoor’s Q1 net dips by 54 percent; Outdoor Products spin-off slated for Q4

    2023-07-27T07:35:00Z

    Vista Outdoor, which is proceeding with plans to spin off its Outdoor Products segment in Q4 of this calendar year, reported a 54 percent decline in Q1 net income to $58.1 million from $126.0 million for the period ended June 25. Ebit was down by 55 percent to $75.4 million ...

  • Shimano_logo.svgz
    Article

    Bicycle slump leads to decline in sales and profits at Shimano

    2023-07-26T16:52:00Z

    The current high (bicycle) inventory levels and decreasing demand are also being felt by market leader Shimano Inc. However, despite a double-digit drop in sales in its largest business unit, bicycle components, in the first half of 2023, the Japanese company remains calm. It’s counting on bicycles as a global ...

  • Fenix_Logo
    Article

    Industry inventory issues dampen Fenix’s Q2 results

    2023-07-23T10:03:00Z

    Fenix Outdoor International, facing “very challenging” market conditions and “substantial price pressure” due to high outdoor industry inventory levels, realized a 74 percent decline in Q2 Ebit to €3.1 million from €11.7 million. The operating margin narrowed to 0.1 percent from 5.9 percent. Net profit declined by 94 percent to ...

  • Mips
    Article

    Mips gives positive outlook despite notable sales decline in Q2

    2023-07-21T10:42:00Z

    Bad and good news can be seen in the preliminary Q2 figures and thus the half-year figures of the “Brain Protection System” (BPS) manufacturer Mips AB: As expected, there is a slump in sales due to the ongoing weakness in demand in the bicycle sector, which is struggling with full ...

  • rapala-vmc-logo
    Article

    Rapala’s H1 results sink on excess inventory woes

    2023-07-21T07:47:00Z

    Already bracing for a significant drop in FY23 full-year comparable operating profit, Rapala VMC reported double-digit declines in net sales and comparable operating profit in H1. With the results, the Finnish group said it was implementing cost cuts across the organization to mitigate the lower turnover. Over the next 12 ...

  • thule-group-vector-logo
    Article

    Thule’s gross margin climbs despite sales and profit decline

    2023-07-20T06:59:00Z

    Despite experiencing lower profitability and sales in Q2, Thule Group generated a record quarterly gross margin and a 47 percent increase in cash flow from operations as the Swedish company continued to prepare for new product introductions over the next 18 months.

  • Bike24
    Article

    Bike24 lowers FY forecast after gloomy prelim Q2 results

    2023-07-19T10:04:00Z

    Looking at publicly traded e-commerce bike retailer Bike24 Holding AG’s preliminary dismal second-quarter results, it’s clear why the Dresden-based company also sent out a separate announcement to “adjust the forecast for the financial year downwards.” This move in itself demonstrates the gravity of the current situation. According to preliminary calculations, ...

  • dometic-logo
    Article

    Dometic Q2 organic sales fall 10% as restructuring moves forward

    2023-07-18T14:31:00Z

    Dometic generated sales of 8,329 million Swedish kronor (€725.5m) in the second quarter of 2023, down by a reported two percent compared to the year earlier and 10 percent lower on an organic basis. The Swedish specialist in products for outdoor and mobile living traced the decline in organic sales ...

  • Helen of Troy_Logo
    Article

    Hydro Flask faces market pressure, Osprey sales up in Q1

    2023-07-11T06:18:00Z

    Adjusted operating income slipped by 8.9 percent to $34.3 million from $37.6 million for the Home & Outdoor segment of Helen of Troy for the first quarter ended May 31. Excluding a nearly $3.1 million impact related to the bankruptcy of retailer Bed, Bath & Beyond, Q1 operating income for ...

  • signa-spouni-logo-cmy-color-pos-1-1
    Article

    SSU is hoping the worst market disruptions are over

    2023-06-29T10:20:00Z

    Signa Sports United (SSU), while bracing for less-than-stellar FY23 results impacted by macroeconomic headwinds and high industry inventory levels, is taking steps to generate €100 million in Ebitda savings by FY25 and less operational complexity in FY24 that will return it to profitable, long-term growth. Meanwhile, the Germany-based e-commerce company, ...

  • Ecco-logo
    Article

    Ecco sales up 30% in 2022, but earnings lower than before Covid

    2023-06-26T09:04:00Z

    In 2022, Ecco’s revenues rose by 30 percent to €1,586 million from €1,218 million a year earlier and exceeded a pre-Covid-19 turnover of €1,360 million posted in 2019. Comparable sales were up by 18 percent. In January 2022, the Danish footwear and leather group acquired a controlling interest in Ecco ...

  • Rebike_Refurbishment-Center Kempten_04
    Article

    Rebike Mobility with strong growth in the 1st half of 2023

    2023-06-23T15:56:00Z

    The bicycle and e-bike market is facing a fundamental change. The ongoing professionalization of the used market, availability of young used bikes from the popular service bike leasing contracts as well as the longevity of premium e-bikes are positively boosting the second-hand market and promoting circular business models. This is ...

  • SPORT 2000 Store
    Article

    Sport 2000 increases outdoor market volume

    2023-06-07T08:37:00Z

    Sport 2000 once again increased its outdoor sales to a new peak of almost €1 billion in 2022. Outdoor accounted for 29 percent of total sales last year. Outdoor external sales for the first five months of 2023 were at €381 million and, with an increase of 1.5 percent, slightly ...

  • VF_Corp_Logo
    Article

    As TNF and DTC continue to grow, VF Corp. has a turnaround strategy in place

    2023-05-24T17:43:00Z

    VF Corp., which has begun a rigorous six- to 12-month process to find a new CEO, says it has a plan in place that will improve its sales and profitability fortunes over the next 12 months. It centers on continued growth for its The North Face (TNF), EMEA, and direct-to-consumer ...

  • USWE Q3 2022
    Article

    USWE reports ongoing consumer demand in Q3 despite challenging macroeconomic conditions

    2023-05-21T07:56:00Z

    Despite challenging macroeconomic conditions, Swedish company USWE Sports AB’s net sales increased 27 percent in the third quarter (ending December 31, 2022). During the quarter, direct-to-consumer sales performed strongly, with demand for the group’s USWE, Giant Loop and Void brands increasing and online sales growing. However, distribution channels are still ...

  • Canada Goose
    Article

    Sales growth for Canada Goose in Q4 driven by EMEA, Asia Pacific

    2023-05-19T06:12:00Z

    Higher direct-to-consumer revenues coupled with the absence of pandemic-related restrictions helped Canada Goose achieve double-digit revenue growth in the EMEA and Asia-Pacific regions in Q4 ended April 2. Period operating income was C$17.2 million (€11.9m) versus C$0.9 million, but the group reported a net loss of C$10.0 million (€6.9m) against ...

  • Addnature Logo
    Article

    Addnature with losses in FY22, no immediate improvement expected

    2023-05-15T09:34:00Z

    According to ehandel.se, Swedish outdoor online retailer Addnature, founded in 2000 and a wholly owned subsidiary of Internetstores Group since 2013, which in turn is part of Signa Sports United (SSU), has had a year of ups and downs. In its most recent financial statements for fiscal 2022 (October 2021 ...