All Financial results articles – Page 10
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News briefs
Calzados Bestard’s projected annual sales up from 2019
The Spanish outdoor footwear specialist Calzados Bestard is, according to CMDsport, looking to clear annual sales of about €5.5 million in 2023, or about 20 percent more than in 2019 – the last “normal” year before the pandemic and therefore, according to Sales Director Mats Lindholm, the most recent year ...
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ArticleJohnson Outdoors sees return to pre-pandemic order seasonality
Johnson Outdoors reported a Q4 operating loss of $22.6 million against a profit of $13.3 million for the three months ended Sep. 29, as three of the group’s operating segments generated lower year-over-year sales. The Q4 net loss was $16.0 million against a profit of $9.7 million as total sales ...
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News briefsRapala implementing new three-year strategic plan
Finnish fishing tackle supplier Rapala VMC reported that it will be implementing a new strategy over the next three years. The effort will be undertaken by the global fishing tackle company’s new global management team, focusing on improving the group’s profitability and working capital management. The changes on Rapala’s ...
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ArticleDeuter parent Schwan-Stabilo confirms last year’s solid performance
Source: Schwan-Stabilo Sebastian Schwanhäußer, Group CEO Volatile markets, war, inflation and cautious consumers once again posed considerable challenges for the Schwan-Stabilo Group with its three business areas of cosmetics, writing instruments and outdoor. Nevertheless, the previous year’s positive trend continued – partly due to this varied business ...
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News briefsGo Outdoors’ profit drops due to higher operating costs
Go Outdoors Retail Ltd. reported a pre-tax profit of £13.1 million (€15.0m) for the year to Jan. 28, 2023, compared to £21.5 million (€24.7m) in the previous year. The company primarily attributed the drop to property, utility and freight costs, which “increased disproportionately.” The company’s gross margin decreased to 41.5 ...
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News briefsRapala issues €30m in hybrid capital securities
The group will use the proceeds from the three-year financial instrument, which has debt and equity characteristics, for general corporate purposes and to strengthen its financial flexibility. Rapala VMC’s largest shareholder, Viellard Migeon Et Compagnie, subscribed to 24 percent, or €7.2 million, of the hybrid securities with an annual interest ...
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News briefsRapala plans to issue securities
Finnish fishing tackle manufacturer Rapala VMC is considering issuing up to €25 million worth of securities to strengthen its balance sheet and create financial flexibility while at the same time seeking to reduce expenses and optimize inventory levels. The company pointed out that this move will open up its financing ...
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News briefsSamsonite posts double-digit sales gains across all brands in Q3
Samsonite, attributing its gains to normalized growth in European and North American travel and the early stages of recovery in China, reported double-digit sales growth across all its brands in Q3 ended Sep. 30. The Other segment, which includes Gregory Mountain Products, High Sierra and other brands, generated 10.3 percent ...
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ArticleGiant Group reports further slump in sales and profit in the western markets
Back in August, Giant Manufacturing reported a sales high in China in Q2, which more or less made up for the slump in sales in Europe and North America. In Q3, this was no longer the case – both the consolidated sales and the profit dropped by double digits. Consolidated ...
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ArticleIdeal Bike posts further losses – will Q4 save the day?
After Taiwan’s third-largest bicycle manufacturer Ideal Bike Corporation slipped into negative numbers in H1 of FY 2023, the negative operating results and net losses have continued in Q3. At TWD 3.23 billion (€92.78m), total sales in the third quarter of 2023 were 21.7 percent lower than in the same period ...
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ArticleMerida’s sales and profit down double-digits in the first 9 months, but…
Taiwan’s second-largest bicycle manufacturer Merida Industry Co., Ltd., achieved total sales of TWD 22.53 billion (€651.44m) in the first three sales quarters of FY 2023. Compared to the first nine months of the previous year, this is a decrease of 14.6 percent. Despite this double-digit decline in sales, gross profit ...
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ArticleWolverine lowers outlook as transformation plan picks up pace
Wolverine Worldwide’s Q3 results weren’t pretty, but they did exceed Street estimates on several fronts as the Merrell, Saucony, and Sweaty Betty parent moved forward with numerous initiatives aimed at reducing annualized costs by $215 million and turning the company’s fortunes in the right direction again. Net income slid ...
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News briefsInsolvent KSR Group to continue as a going concern
On Nov. 8, representatives of the creditors of the Austrian two-wheeler wholesaler and importer KSR Group GmbH, which slipped into insolvency on Sept. 6, 2023, met at the Krems District Court. Also on site: The appointed Restructuring Administrator Dr. Christoph Sauer from the law firm Riel Grohmann and the owners ...
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News briefsHelly Hansen generates strong wholesale, ecomm sales for Canadian Tire
Third quarter sales for Helly Hansen, the Norwegian outdoor brand owned by Canadian Tire, rose 28.2 percent to Canadian $219.2 million (€148.7m) from C$148.7 million. Sales outside of Canada increased by 32 percent to C$199.1 million (€135.1m) from C$150.9 million. Nine-month brand sales were C$563.2 million (€382.1m), with 92 percent ...
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ArticleInventory levels and sluggish consumption continue to weigh on hGears’ business
German precision gear and component manufacturer hGears AG has announced its figures for the first nine months of FY 2023. It generated consolidated revenue of €84.1 million in these first three sales quarters. This is 18.8 percent less compared to the same period of the previous year. The company said ...
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ArticleTernua optimistic for FY23
“We expect to end [the current year] growing by double-digits with respect to 2022, even though the weather was not with us at the start of the present campaign for autumn/winter 2023/24.” So says Imanol Muñoz, Director of Marketing at Ternua Group, who has granted an interview to CMDsport. The ...
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News briefsRevolution Race’s Q1 net rises 36% on strong sales growth
Fueled by 44 percent growth in its Rest of World region, the Swedish DTC outdoor company Revolution Race (RVRC) generated 24 percent revenue growth to 342 Swedish kroner (€29.2m) for its first quarter ended Sep. 30. Adjusted Ebit, excluding SEK 12 million in costs related to an incentive program, improved ...
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News briefsNew Wave's operating profit dips despite 5% sales growth
New Wave Group reported a 10.9 percent decline in Q3 net profit to 270.9 million Swedish kroner (€23.2m) from SEK 304.0m for the three months ended Sep. 30. Period operating profit declined by 4.2 percent to SEK 381.1 million (€32.6m) despite 5 percent revenue growth to SEK 2.34 billion (€199.8m) ...
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ArticleClarus cuts FY guidance again after Q3 sales slip 14%
Clarus Corp. cut its full-year guidance for a second time after sales in the third quarter slipped by a reported 14 percent to $100.1 million and were 13 percent lower at constant currency rates. “Looking towards the fourth quarter, our priorities remain set on seeking the stabilization of sales and ...
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ArticleThredUp reports 21% sales increase in Q3
California-based online resale platform ThredUp Inc. reported a 21 percent year-over-year increase in revenue for its third quarter ended Sept. 30, 2023, reaching $82.0 million. Adjusted Ebitda loss was $3.6 million, or negative 4.4 percent of revenue, compared to $11 million, or negative 16.2 percent of revenue, in Q3 of ...
