The latest financial results from the key players in the outdoor industry.
Callaway’s profit plunge due to Jack Wolfskin writedown
Callaway Golf Co. ended the second quarter in the red due to a $174 million impairment charge related to the Jack Wolfskin goodwill and trade name. It posted a net loss of $167. 7 million, versus net income of $28.9 million for the year-ago quarter. The management said the charge ...
Mammut struggles amid restructuring
Revenues for the Mammut Sports Group declined by 31.4 percent to 80.9 million swiss francs (€74.9m-$88.6m) in the first half of 2020, including a drop of 29.1 percent in comparable sales. The operating loss widened to CHF 23.3 million (€21.5m-$25.5m), down from an operating loss of CHF 5.3 million for ...
Wolverine’s online sales jump by 96%
Wolverine Worldwide posted better-than-expected sales in the second quarter, as the impact of the coronavirus-related retail lockdown was partly offset by a growth of 96 percent in the group’s own e-commerce operations, representing more than 40 percent of revenues during the period. Merrell, Saucony and work footwear brands like Wolverine ...
Lenzing's H1 sales collapse due to Covid-19
Lenzing, the Austrian fiber specialist, recorded a significant drop in sales for the first half of fiscal 2020. Since fiber prices came under intense pressure due to the Covid-19 crisis and demand for textile fibers dropped significantly in recent months, sales declined by 25.6 percent to €810.2m. A slightly higher ...
Newell sales drop by 20%
Currency headwinds and the effects of the Covid-19 pandemic caused Newell Brands’ revenues for the second quarter to drop by 14.9 percent to $2.1 billion. The gross margin contracted by 3.4 percentage points to 31.5 percent due to measures to reduce debt, currency fluctuations and unfavorable mix.
Johnson Outdoors tries to keep up with post-lockdown demand
Strong Fishing, Watercraft Recreation and Camping sales after the lockdowns were eased in May and June were not enough to counter the effect of store closures in April. However, the management said that demand has now picked up and the challenge is keeping pace with it, with a focus on ...
Despite very difficult Q1, VF expects improvement
Despite posting steep declines in revenues and earnings for its first quarter ended on June 30, the management of VF Corp. insisted that the company is in a strong position to get through the coronavirus pandemic because of its “financial and operational rigor” and the progress it has made in ...
Hoka’s momentum saves Deckers’ quarter
Despite headwinds from Covid-19, and a 10 percent decline for Ugg, robust sales at Hoka One One helped Deckers Brands grow in its first fiscal quarter ended on June 30. They progressed by 2.3 percent from the same period last year to $283.2 million, or by 2.8 percent in constant ...