All Financial results articles – Page 15
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News briefsKMD Brands refinances debt with sustainability-linked loans
KMD Brands, the New Zealand-based parent of Kathmandu, Rip Curl, and Oboz, has successfully refinanced its NZ$310 million (€177.4m) in debt with sustainability-linked, multi-currency revolvers. The three-and-a-half-year finance package, which includes a A$240 million (€147.6m) revolver and a NZ$54 million (€30.9m) revolver, provides the group with significant liquidity to support ...
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ArticleAddnature with losses in FY22, no immediate improvement expected
According to ehandel.se, Swedish outdoor online retailer Addnature, founded in 2000 and a wholly owned subsidiary of Internetstores Group since 2013, which in turn is part of Signa Sports United (SSU), has had a year of ups and downs. In its most recent financial statements for fiscal 2022 (October 2021 ...
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ArticleLeatt faces stark comparison with last year’s Q1 numbers
Even as South African protective equipment maker Leatt Corporation chalked up last year’s record sales as the best in its history, in the second half of the year, supply chain issues, inflation, weak consumer demand and a strong US dollar had already led to high inventory levels and a decline ...
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ArticleYeti Q1 sales inch up despite recall impact, sees return to double-digit growth in Q4
Yeti’s sales in the first quarter of 2023 rose by 3 percent to $302.8 million, despite being affected by a stop sale of certain soft coolers included in voluntary recalls implemented due to safety concerns.
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News briefsHelly Hansen sales rise by double-digits in Q1
Helly Hansen, the Norwegian outdoor brand owned by Canadian Tire, generated a 22.9 percent increase in Q1 revenues to C$208.4 million (€150.6m) compared to C$169.6 million in Q1 2022. In Norwegian kroner, sales were NOK 1,576.3 million versus NOK 1,185.1 million for the period that ended March 31. The company ...
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ArticleJack Wolfskin delivers a “nice quarter of growth” for Topgolf Callaway
Topgolf Callaway Brands, the parent group of Jack Wolfskin, beat earnings and sales forecasts for its first financial quarter but trimmed profit forecasts. CEO says the outdoor wear and equipment brand outperformed expectations in China, although headwinds in Europe persist.
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ArticleGiant Q1: Overstock harming sales in the West
Inventory reductions in the European and North American markets, as well as the higher year-on-year comparison base, have had a direct impact on the first quarter results of bicycle producer Giant Manufacturing Company Limited (Giant Group). The Taiwanese company had to swallow a 9.6 percent sales drop compared to the ...
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ArticleThredUp making progress towards profitability
ThredUp Inc. CEO James Reinhart said he was “confident in our ability to flex our marketplace, invest in strategic growth opportunities, and make progress towards profitability” as the resale platform announced its financial results for the first quarter ended March 31, 2023.
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ArticleOrbea posts seventh consecutive year of growth
Without losing sight of its values and identity as a cooperative, Basque bike manufacturer Orbea S. Coop has become a leading and globally recognized bike supplier. As the company announced at its AGM on May 6, it now employs more than 1,000 people worldwide. 80 percent of them in its ...
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ArticleRevolutionRace sees sales growth accelerate after top line grows 13% in Q3
Despite weak consumer sentiment and extensive markdowns, RevolutionRace’s top line rose by 13 percent to 414 million Swedish kroner (€37.1m) in Q3.
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News briefsUnifi’s sales fall 22% amid volatile global environment
Unifi, the U.S.-based maker of the Repreve fiber, announced net sales of $156.7 million for the third fiscal quarter ended April 2, 2023, down 21.9 percent from $200.8 million in the third quarter a year ago. The decrease was primarily driven by lower sales volumes amid a volatile global environment. ...
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News briefsFox Factory’s Q1 sales driven by Powered Vehicles Group
Fox Factory, which completed an acquisition of Custom Wheel House in March, posted a 1 percent increase in Q1 operating income to $54.7 million and realized a 150-basis-point improvement in year-over-year gross margin to 33.3 percent in the period ended March 31. Higher income taxes against the year-ago quarter drove ...
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News briefsJohnson Outdoors reports mixed Q2 results
Johnson Outdoors, benefitting from sales and profitability improvement in its fishing and diving segments, generated an improved gross margin, higher revenues, and a 50 percent increase in net income for the period that ended March 31. But a 20 percent rise in Q2 operating expenses to $63.9 million contributed to ...
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News briefsLenzing remains confident despite bumpy first quarter
Austrian-based Lenzing Group’s Q1 2023 sales rose slightly by 1.3 percent year-on-year to €623.1m, primarily due to higher pulp sales, while fiber sales declined, the company said. Ebitda declined 66.2 percent year-on-year to €29.7 million in the first quarter, net income was €-64.9 million (compared to €34.1 million in Q1 ...
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ArticleVista Outdoor posts Q4 loss, 83 percent decline in FY operating income
Vista Outdoor, which owns 41 sporting, outdoor and action sports brands, reported a Q4 operating loss of $292.4 million and an Ebit loss of $311.8 million as the group’s outdoor products segment continued to navigate market uncertainty and retail inventory challenges. The company recorded a goodwill impairment and trademarks amounting ...
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ArticleCoDi lifts FY outlook, but cautious on Q2
Compass Diversified (CoDi) anticipates a “significant snapback” in revenue growth and profitability within key businesses once a current industry inventory destocking cycle ends. The group’s current Q2 forecast is both cautious and conservative despite its decision to lift its FY23 adjusted earnings range to $110 to $135 million and consolidated ...
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News briefsSolo Brands turns Q1 profit, maintains FY guidance
Solo Brands reported a $933,000 net profit against a loss of $2.01 million for Q1 ended March 31. Operating income was $3.2 million against a loss of $3.2 million. Quarterly revenues for the parent of Oru Kayak, Isle paddleboards, Chubbies apparel and Solo Stoves rose by 7.3 percent to $88,207,000 ...
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ArticleGarmin maintains FY23 outlook
Garmin, which generated an 85 percent increase in Q1 free cash flow to nearly $232.4 million and paid a quarterly dividend approaching $140 million, is standing by its FY23 financial guidance that calls for approximate revenues of $5.0 billion and pro forma EPS of $5.15 a share. In Q1, ...
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ArticleHigh inventories and sluggish consumer climate lead to decline in sales at Bike24
Even the good business performance of the localized online stores in the newly opened country markets of Spain, France and Italy, with an average increase in sales of 109 percent (compared to the prior-year period), could not really mask the business figures of the German cycling, running and swimming sports ...
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ArticleRocky Brands posts gross margin improvement despite loss
Helped by product price increases in 2022 and lower logistics costs, Rocky Brands improved its Q1 gross margin by 200 basis points to 39.6 percent. But the Georgia Boot parent reported a 69 percent decline in operating income to $4,155,000 against $13,197,000 for the period ended March 31. The Q1 ...
