All Article articles – Page 69
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ArticleLenzing’s Q1 revenues grow double-digit despite rising costs
Lenzing, the Austrian manufacturer of wood-based specialty fibers, posted revenues of €615 million in the first quarter of 2022, representing a 25.7 percent increase year-on-year, primarily driven by continued high demand for wood-based biodegradable specialty fibers and higher fiber prices. Specialty fibers currently account for 73.3 percent of its fiber ...
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ArticleJohnson Outdoors gets lift from camping, but fishing sinks
Johnson Outdoors’ operating income slipped 57.2 percent to $15.4 million from $36.0 million as total revenues fell 8.0 percent to $189.6 million from $206.2 million for the second quarter ended April 1. Gross margin slid to 36.2 percent from 45.2 percent, a decline the company blamed on higher material and ...
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ArticleFox Factory forecasts overheated bike product sales “back to normal” in winter 2022
In its first sales quarter of the current fiscal year 2022, suspension specialist Fox Factory Holding Corp reported a 35.6 percent increase in its earned revenue of $377.98 million compared to the previous year’s first quarter. Net income of $48.05 million also increased by a double-digit 26.5 percent. Fox Factory ...
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ArticleOutdoor Retailer: Show director explains reasons for return to Utah
According to Marisa Nicholson, show director of Outdoor Retailer, the customers’ feedback was the main reason why the OR show will return to Salt Lake City. Missing demo opportunities, higher travel expenses and the timing were the reasons that stood against Denver.
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ArticleWeyco sales nearly double in Q1
Weyco Group’s revenues reached $81.4 million in the first quarter ended March 31, a record for the period and nearly double the $46.9 million seen the year earlier, when the Covid-19 pandemic heavily impacted sales. Revenues were 10 percent higher than the first quarter of 2019, ahead of the health ...
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ArticleVista Outdoor to separate into two; Q4 and FY profits soar
Vista Outdoor, which currently has a portfolio of 39 brands, including five it acquired over the last year, intends to separate its outdoor products and sporting products segments into two independent, publicly-traded companies. The current completion date for the transaction is sometime in 2023, when Vista sees additional acquisitions before ...
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ArticleMoncler records 61% sales growth in Q1
Moncler generated sales of €589.9 million in the first quarter of 2022, up a reported 61 percent on the year earlier and a 60 percent increase at constant currency rates. In the three months ended March 30, 2022, sales at constant currencies were also 58 percent higher than in the ...
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ArticleRocky Brands almost doubles Q1 net sales driven by strong wholesale performance
U.S. footwear company Rocky Brands’ sales for the three months to March 31 rose 90.5 percent year on year to $167.0 million. The figure includes $64.0 million in net revenue from the company’s Boston Group, compared with $6.5 million in the same period last year. The Boston group includes The ...
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ArticleVittoria Group builds bike park and innovation center in Italy
Italian bicycle tire giant Vittoria Group has begun construction of what it describes as “the world’s first all-discipline cycling experience, innovation center and knowledge hub for bicycle tire development.” Vittoria Park will be built around the company’s headquarters near Milan. It will also house an impressive testing area open to ...
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ArticleSuper Retail Group unveils sales, strategies for three banners
Super Retail Group, the Australian retailer with two outdoor formats and one focused on sporting goods, reported mixed results for the week 27 to 43 period. Rebel Sport, hurt by limited stock availability in some categories that included footwear, suffered a 4.0 percent year-to-date decline in same-store sales. SRG’s outdoor ...
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ArticleThe return of Kneissl – with e-bikes made in Italy, in collab with Fitstore24
Source: Fitstore24, Kneissl Bikes Franz Kneissl Design’s Carbon Fully (2022) Franz Kneissl III carries an extremely well-known name in Austrian sports and business history. The eponymous ski brand dates back to the first handmade wooden ski made by Franz Kneissl I in 1910, but ski manufacturing has ...
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ArticleRestricting the use of PFAS: Multinational and cross-industry activities underway
As early as 2014, a group of researchers had examined the effect of exposure of polyfluoroalkyl substances (PFAS) stemming from outdoor jackets. The study showed that among the background population, the highest intermediate exposure was a factor of 3-10 below the estimated average dietary intake, while among individuals occupationally exposed ...
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ArticleYESS pilot project: Yarn and fabric manufacturers strive to end modern slavery
The Responsible Sourcing Network has released the results of the pilot of its flagship initiative YESS (Yarn Ethically & Sustainably Sourced). The pilot, which included virtual training and in-person assessments in India, Pakistan and Malaysia, has shown that manufacturers can track all their cotton through their systems, from the fabric ...
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ArticleMips reports outstanding start into 2022
In the first quarter of fiscal 2022, Swedish helmet technology and “Brain Protection System” (BPS) manufacturer Mips AB reported preliminary net sales of SEK 137 million (€13.22 million), an increase of 65.1 percent year-on-year. Organic growth amounted to 48 percent during the quarter. It is mainly based on the success ...
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Article50 years after the sale of the brand, the Millet family has taken back the lead
Source: Millet Jean-Pierre Millet Millet Mountain Group, formerly part of the Swiss Calida Group and owner of the brands Lafuma and Millet, has completed its acquisition by the new main shareholder Jean-Pierre Millet (grandson of the brand Millet’s founders) and Inspiring Sport Capital, a private equity fund ...
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ArticleColumbia Sportswear posts double-digit sales gains in EMEA, U.S.
Columbia Sportswear’s first-quarter net income rose by 20 percent to $66.8 million as total sales increased by 22 percent to $761.5 million against $625.6 million for the period ended March 31. Operating income was down slightly at 11.0 percent versus 11.3 percent, while gross margin was off 170 basis points ...
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ArticleDometic sees Q1 sales jump 55% as M&A continues
Dometic generated sales of 7,518 million Swedish kronor (€727.0m) in the first quarter of 2022, up by 55 percent on the year earlier, as top-line growth continues to be underpinned by acquisitions. Organic growth at the Swedish specialist in mobile living products stood at 7 percent despite a challenging macroeconomic ...
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ArticleHelen of Troy sees Q1 boost from Hydro Flask, Osprey
Outdoor drinkware brand Hydro Flask led sales gains in the Home & Outdoor sales segment of El Paso, Texas-based consumer goods company Helen of Troy in the fourth quarter ended Feb. 28, with recently acquired backpack manufacturer Osprey Packs also boosting the segment’s topline. Sales in the Home & Outdoor ...
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ArticleFenix Outdoor sales rise 30 percent in first quarter
Fenix Outdoor International generated a 22 percent increase in first-quarter operating profit to €17.7 million on a 30 percent topline expansion to €165.2 million against €127.1 million. The outcome was negatively impacted by about €2 million in one-time additional transportation costs. But the strong results for the Fjällräven, Tierra, and ...
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ArticlePolygiene posts higher net sales in Q1, but sees decline in operating profit
Polygiene reported a rise in first-quarter sales, despite ongoing difficulties due to inflation, supply-chain constraints and the war in Ukraine. The Swedish firm reported net sales of 45.1 million Swedish kronor (€4.3m) for the three months to March 31, an increase of 7.5 percent compared to the same period last ...
