News Briefs – Page 6
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News briefsNewell Brands’ outdoor & recreation segment widens Q4 loss
The business unit, which includes CampingGaz, Coleman, Marmot and Ex-Officio, recorded a $14 million operating loss against a loss of $1 million for the period ended Dec. 31. Total segment sales fell by 21 percent to $211 million from $304 million because of unfavorable currency conversion impact and the exit ...
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News briefsLectra looks back on a strong year 2022
For 2022, Paris-based company Lectra – a specialist in digital design solutions and cutting equipment – has reported a 35 percent increase in revenues to €521.9 million and a net income of €43.8 million. EBITDA was up 51 percent to €98.4 million. In Dec. 2022, Lectra announced the signature of ...
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News briefsVibram posts 30% sales increase
Vibram recorded sales of €300 million in 2022, representing an increase of more than 30 percent from 2021, FashionNetwork.com has reported. The increase was driven by sales growth across all the main markets and product categories, said Vibram. The U.S. accounted for 50 percent of the company’s sales. E-commerce sales ...
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News briefsPaul&Shark launches upcycling capsule collection
Paul&Shark, the Italian casualwear and yachting brand, has presented Re-Sail, a limited-edition collection of jackets made from restored sails. The unique pieces are part of the brand’s spring/summer 2023 collection. Paul&Shark posted an 18.5 percent sales increase in 2022, with revenues reaching €150 million. International sales account for 90 percent ...
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News briefsTernua Group growth figures posted
Ternua Group, the Spanish firm based in Arrasate and specializing in mountaineering and outdoor clothing, has posted revenues of €31.5 million for 2022, a year-on-year increase of 10 percent. Ternua Group is the owner of the Ternua, Lorpen, Astore, Loreak Mendian and Ternua Workwear brands. International sales were a major ...
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News briefsRVRC generates Q2 sales growth in all regions
RevolutionRace (RVRC), the Swedish outdoor DTC company, reported a 10 percent drop in second-quarter operating income to Swedish kroner 105 million (€9.6m) from SEK 117 million that was impacted by one-time incentive program costs of SEK 12 million (€1.1m) and advertising expenses. Ebit without the incentive cost was flat for ...
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News briefsAku posts 28.6% sales growth
Aku posted revenues of €29.2 million in 2022, representing a 28.6 percent increase from the previous year, primarily driven by international sales. Export accounted for 82 percent of the company’s sales. Europe recorded a 14 percent sales increase, while Asian sales jumped by 99 percent. In 2022, the Italy-based outdoor ...
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News briefsGlobal economy upsets Stellar’s results despite sales increase
Swedish trade publication ehandel.se reports that outdoor brand Stellar Equipment was able to boost sales in the past fiscal year. However, the company still ended up in the red because while sales increased from SEK 152 million (€13.6m) to SEK 167 million (€15m), the operating result landed at SEK -13.8 ...
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News briefsSpecialized gets rid of 8 percent of its global workforce
Specialized CEO Scott Maguire officially announced on Jan. 11 that the company has laid off 8 percent of its employees worldwide. According to the U.S. bicycle company, the downsizing of the team is rooted in the global economy, which is changing faster than anticipated, and in rapid changes within cycling. ...
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News briefsMountain Warehouse posts record revenues
Mountain Warehouse posted revenues of £302.6 million (€344.9 million) in the 12 months to the end of February 2022, representing a 26 percent jump on the prior year, and a 4.6 percent increase versus 2019/20, before any impact from Covid-19. Sales reached a new record in the company’s 25-year history. ...
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News briefsLenzing adjusts earnings forecast for 2022
The Lenzing Group is adjusting its earnings forecast for the 2022 financial year due to one-time effects related to the accelerated savings program (set up in the third quarter due to the deteriorated market environment and the earnings development) and currency effects and a further deterioration of the market environment. ...
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News briefsTernua consolidates sales in Italy
Ternua has consolidated its sales in Italy, according to marketing director Imanol Muñoz, who spoke with Diffusion Sport at the recent ISPO Munich show. In doing so, it has hired a single manager to handle the five regions into which the Spanish Basque company has divided up the country. Ternua ...
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News briefsHelly Hansen’s Q3 sales growth paced by North America, Sport Chek with some category softness
Helly Hansen, the Norwegian ski and outdoor brand owned by Canadian Tire, generated an 8.4 percent sales increase to C$170.9 million (€130.0m) against C$157.6 million for the three months ended Sept. 30. Helly Hansen’s nine-month sales are up 21.7 percent to C$480.1 million (€365.2m) from C$394.5 million with growth across ...
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News briefsUnifi’s sales drop 8.4% in fiscal Q1
Unifi, the maker of the Repreve fiber, has reported net sales of $179.5 million for the first fiscal quarter ended Oct. 2, 2022, representing a decrease of 8.4 percent from the first quarter of fiscal 2022. The drop was primarily attributed to lower sales volumes for the Americas and Asia ...
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News briefsMillet headed for 20% growth in Europe
Millet Mountain Group is growing at a 20-percent clip year-on-year in Europe, according to its sales director for the continent’s southern half, Hervé-Sergio Locatelli. If projections hold, Locatelli has told CMDsport, the group will break its record for annual sales on the continent. France remains the top market, but ...
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News briefsUSWE’s quarter marked by acquisitions, order cancellations
Swedish company USWE Sports AB, which launched as a public company on July 1, reported a net loss of 2.07 million Swedish kronor during the three months ended Sep. 30. Operating loss for the period was SEK 4.10 million (€386,200). Total revenues rose 98 percent year-over-year to SEK 25.37 million ...
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News briefsTopgolf Callaway tees off with record third quarter; lifts guidance
Topgolf Callaway Brands has lifted annual guidance after a record third quarter and said it continues to see the Topgolf operation as a key driver of growth that will contribute half of the company’s Ebitda in the near future. Group net revenue for the three months to Sept. 30 was ...
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News briefsFox Factory delivers another solid quarter
Profit at Fox Factory, the maker of products for bicycles, off-road vehicles and motorcycles, among others, rose 16 percent to $50.8 million from $43.8 million for the quarter ended Sept. 30. Ebit was 19.7 percent higher at $64.1 million as operating income increased by 18.3 percent to $65.4 million from ...
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News briefsShopify exceeds expectations
E-commerce platform Shopify, headquartered in Ottawa, Canada, has released excellent third-quarter results, posting a 22 percent year-over-year revenue increase to $1.4 billion. “Shopify is the central nervous system that powers millions of businesses around the world. During Q3, merchants continued to recognize Shopify’s exceptional value and increased their adoption of ...
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News briefsOutdoor recreation sales slip at Newell Brands
Newell Brands, the parent of CampingGaz, Coleman, Marmot, and Ex-Officio, has reported a 26.0 percent decline in its outdoor & recreation segment sales to $289 million from $391 million for the period ended Sept. 30. An 18.4-percent drop in core sales, unfavorable foreign exchange and exits from certain low-margin categories ...
