The latest financial results from the key players in the outdoor industry.
Hoka 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.
Columbia’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.
Rapala VMC feels market improvement but sees potential troubles ahead
Rapala VMC, despite experiencing favorable market conditions during H1, including improved retail activity, is expressing some worry about the upcoming winter season.
Polygiene making progress on turnaround
Polygiene turned an operating profit of 2.6 million Swedish kronor (€222,800) against a loss of SEK 4.0 million (€342,700) in Q2 ended June 30, as cost-cutting measures and strategic changes made last year began to take effect. The Swedish group’s quarterly revenues rose by 43 percent to SEK 36.4 million ...
Fenix Outdoor’s capital, inventory advances unable to offset market malaise
Outdoor market problems, including high retail inventory levels and impactful weather conditions, continue to impact progress at Fenix Outdoor despite the company’s liquidity and inventory level improvements. Group Executive Chairman Martin Nordin attributed the current outdoor market conditions to a consumer shift to less expensive products and possibly a post-Covid ...
CSG increases purchase price for The Kinetic Group to $2.15bn
CSG increased the base purchase price for acquiring The Kinetic Group business by $50 million to $2.15 billion, while Vista Outdoor reaffirms its FY25 outlook and reports preliminary Q1 results.
Mips sales bounce back to double-digit growth
In the second quarter of 2024, Mips AB generated net sales of 133 million Swedish kroner (€11.54m). According to the company, the sales growth of 30.4 percent compared to Q2 2023 can primarily be attributed to a normalizing inventory situation in the sports category.
Thule Group operating income rises 3% in Q2
Thule Group AB, despite a promotional North American market and lower RV products across Europe and Rest of World, reported a 3 percent gain in operating income to 732 million Swedish kroner (€63.3m) for the quarter ended June 30. Net income increased by 3.7 percent to SEK 559 million (€48.4m) ...