News Briefs – Page 9
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News briefsCODI’s sports brands with strong Q3, Boa leading the pack
All four of Compass Diversified’s (CODI) outdoor and sports brands – 5.11, Boa Technology, Marucci Sports and Velocity Outdoor – posted positive sales results and improved Ebitda in the third quarter, with Boa, maker of the dial-based Boa Fit System system for footwear and other applications, showing the highest sales ...
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News briefs
Scarpa with profit, forecasts 15% growth for 2021
Italy’s outdoormag.it reports that Italian footwear and outdoor specialist Scarpa ended 2020 on a positive note, with sales up about 3 percent compared to 2019. CEO Diego Bolzanello told the publication, “We expect further growth in 2021, both in the domestic and foreign markets,” estimating it at 15 percent. Despite ...
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News briefs
3M defies supply chain issues, raises guidance moderately
Announcing results for its Q3 2021 ended Sept. 30, U.S.-based conglomerate corporation 3M said sales increased 7.1 percent year-over-year to $8.9 billion. Total sales increased 8.1 percent in consumer products, 7.2 percent in safety and industrial, 5.8 percent in transportation and electronics and 4.1 percent in healthcare. On a geographic ...
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News briefsClarus to generate new capital by offering 2.75 million shares of common stock
Clarus Corporation, a Salt Lake City, Utah-based company with brands including Black Diamond, Pieps and Rhino-Rack, announced that it intends to offer 2,750,000 shares of common stock and use the net proceeds from the offering for general corporate purposes, including repayment of debt, capital expenditures and potential acquisitions. The company ...
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News briefsHaglöfs reports global growth of 26% in H1, expands sales team for Germany and Austria
Swedish outdoor brand Haglöfs reports well-received winter and spring collections and global growth of 26 percent in the first half of 2021 compared to the same period last year, citing continued investment in product development and design despite the pandemic. The brand says it’s committed to continuing to work closely ...
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News briefsAnta Sports’ sales grow in Q3
China’s Anta Sports, which does not provide full financial results for odd-numbered quarters, announced in an operational update that retail sales of its core Anta brand grew in the low double-digit range in the third quarter compared to low single-digit growth in the third quarter of the previous year. Fila, ...
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News briefsKathmandu still sees H1 profits falling
Kathmandu Holdings confirmed it still anticipates profits for the first half ending Jan. 31, 2022, to be lower than the year earlier, after the new financial year began with widespread lockdowns throughout Australasia and Covid-related strains for its supply chain. “The group’s brands are well-positioned to capitalize on growing participation ...
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News briefsClarus sees Q3 sales up 66-67%
Clarus Corp., the Utah-based parent company of Black Diamond and Pieps, said it expects sales in the third quarter ended Sept. 30 to grow by 66 to 67 percent on the year-earlier to reach $107-$108 million, as it pointed to momentum across all brands. Black Diamond sales are expected to ...
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News briefs
Canada Goose launches automatic share repurchase scheme
Canada Goose has entered an “automatic share repurchase plan,” allowing for the purchase of shares by a broker at times when it would not be permitted to acquire them, based on certain parameters. The Toronto Stock Exchange has cleared this scheme, allowing it to start on Sept. 16 in connection ...
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News briefs
Pierer announces further increase in revenue forecast for 2021
Driven by the high global demand for powered two-wheelers (e-bikes and also motorcycles), the executive board of Pierer Mobility AG decided on Aug. 26 to raise its sales forecast for the fiscal year, originally published in April 2021. Despite ongoing Covid-19-related supply chain challenges, the outlook remains positive. As a ...
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News briefsUSWE swings to Q1 profit as sales soar on demand surge
Swedish outdoor and sports brand USWE reported a jump of 253 percent in net sales to 29.3 million Swedish kronor (€2.86m-$3.37m) for the three months to June 30. It generated an operating profit before depreciation and amortization (Ebitda) of SEK 5.58 million (€0.55m-$0.64m), or a margin of 19 percent of ...
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News briefsWith 27% growth in H1, Tecnica performed better than in 2019
Italian Tecnica Group posted revenues of €173.7 million in its H1 that ended June 30 (+27 percent compared to H1 2020). Ebitda increased to €17.1 million from €2.7 million in H1 last year. The net result shows a loss of €2.5 million (€14.2 million in H1 2020). Lowa, Rollerblade and ...
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News briefsGregory backpacks see a 33.6% sales hike in H1
Gregory Mountain Products enjoyed a 33.6 percent increase in local currencies in the first half of 2021, reaching a level of $32.7 million, but it did not quite recover to the $34.9 million of the first half of 2019. Like before, Samsonite’s less technical brand of backpacks, High Sierra, under-performed, ...
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News briefsAngling Direct posts solid sales growth despite pandemic disruption
Although the fishing equipment retailer was forced to temporarily close all stores again at the beginning of the year due to Covid-19 restrictions, Angling Direct saw its total revenues increase by 19.5 percent to £38.4 million (€44.8 million) in the six months to July 31. Revenues rose by 54 percent ...
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News briefs
Goldwin's Q1 sales grow 40%
Goldwin reported revenues of ¥17,078 million (€131.8m-$154.7m) in the first quarter of its financial year, up by 40.0 percent on the year earlier, and confirmed its outlook for 10.5 percent sales growth for the full year. For the three months ended June 30, the Japanese company reported an operating profit ...
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News briefsHelly Hansen up 46% in Q2
Canadian Tire Corporation reported a 45.9 percent increase in external revenues for Helly Hansen and Musto to 100 million Canadian dollars (€68.5m-$80.3m) for the second quarter ended July 3. Outside Canada, the revenues from the two brands amounted to CA$95.1 million (€64.7m-$76m), up from CA$64.7 million in the ...
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News briefsMerida reports double-digit sales growth in first half of 2021
While Taiwan’s leading bicycle producer Giant Group communicates its half-year sales and profit, Taiwan’s second-largest bicycle producer Merida Inc. Co. Ltd. has only officially published its monthly value-based sales figures for the first half of the year. Merida achieved unit sales growth of only 15.11 percent in April, ...
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News briefsLenzing Q2 sales rise 27.5%
Lenzing , the Austrian specialty fiber producer, saw revenues in the first half of 2021 increase by 27.5 percent to €1,033 million, as growing optimism in the textile and apparel industry and an ongoing recovery in retail spurred an increase in demand and prices on the global fiber market. ...
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News briefs
Izas Outdoor opens its first store outside of Spain
Izas Outdoor , a Spanish outerwear specialist headquartered in Zaragoza, has opened a pop-up store in Chamonix, France. It is the company’s first store outside of Spain. The 180-sqm pop-up will be in place until the end of October. Izas Outdoor has also recently inaugurated a new store in Bilbao, ...
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News briefs
Lenzing raises outlook for current financial year
Austrian Lenzing Group said it recorded a significantly improved development of its operating result in the first half of 2021. The preliminary EBITDA more than doubled year-on-year to €217.8 million (compared to €95.6m in the first half of 2020). The currently positive environment is still characterized by a high level ...
