All Financial results articles – Page 20
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News briefsHelly Hansen’s Q3 sales growth paced by North America, Sport Chek with some category softness
Helly Hansen, the Norwegian ski and outdoor brand owned by Canadian Tire, generated an 8.4 percent sales increase to C$170.9 million (€130.0m) against C$157.6 million for the three months ended Sept. 30. Helly Hansen’s nine-month sales are up 21.7 percent to C$480.1 million (€365.2m) from C$394.5 million with growth across ...
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ArticleSolo Brands lowers revenue forecasts in response to “unpredictable demand”
Solo Brands has lowered its full-year revenue guidance in response to increasingly unpredictable consumer demand amid a tougher economic outlook going into the holiday season. The owner of four lifestyle brands has managed to narrow losses in the third quarter as it reported a 47 percent increase in sales to ...
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ArticleWolverine lowers FY forecast again, unveils brand reorganization
Wolverine World Wide Inc. again lowered its full-year outlook after continuing supply chain constraints, increased promotional activity and deteriorating economic conditions weighed on third-quarter results, which came in below expectations. The company also announced a long-awaited reorganization of its brands to help cut costs and expand margins. Full-year revenue is ...
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News briefsUnifi’s sales drop 8.4% in fiscal Q1
Unifi, the maker of the Repreve fiber, has reported net sales of $179.5 million for the first fiscal quarter ended Oct. 2, 2022, representing a decrease of 8.4 percent from the first quarter of fiscal 2022. The drop was primarily attributed to lower sales volumes for the Americas and Asia ...
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News briefsMillet headed for 20% growth in Europe
Millet Mountain Group is growing at a 20-percent clip year-on-year in Europe, according to its sales director for the continent’s southern half, Hervé-Sergio Locatelli. If projections hold, Locatelli has told CMDsport, the group will break its record for annual sales on the continent. France remains the top market, but ...
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ArticleClarus misses sales, earnings targets on currency effects, freight costs
Clarus Corp. reported an operating income of $6.1 million against a loss of $282,000 in the third quarter despite missing revenue and earnings per share projections. In reporting a 39 percent decline in net profit to $2.75 million from $4.53 million, the group said higher freight costs lowered its profitability ...
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ArticleRVRC experiences improving trends in September
RevolutionRace (RVRC), the Swedish outdoor DTC company, which installed Paul Fischbein as its permanent CEO Oct. 7 following the mid-August resignation of founder and former CEO Pernilla Nyrensten, reported a 31 percent drop in first quarter operating income to 49.8 million Swedish kronor (€4.7m) from SEK 72.7 million. Net profit ...
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ArticleCompass Diversified with record quarter
Net income from continuing operations in Compass Diversified’s (CoDi) branded consumer companies related to sports, outdoor and apparel (5.11 Tactical, Boa, Marucci Sports, PrimaLoft, and Velocity Outdoor) fell 25 percent to $15.3 million from $20.3 million for the period ended Sept. 30. Total sales from the five companies rose 16 ...
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ArticleFenix sees 13% sales gain in Q3 as Hanwag capitalizes on moving production to Europe
Fenix Outdoor International reported sales of €224.2 million in the third quarter of 2022, up by 13 percent on the year earlier, when its results were less affected by the Covid-19 pandemic than in the first two quarters of 2021. The star performer in the quarter was the footwear brand ...
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ArticleGiant Group celebrates 50th anniversary, boasts solid results
For Taiwan’s leading bicycle manufacturing companies Giant Manufacturing Company Ltd (Giant Global Group) and Merida Industry Co Ltd, 2022 is very special: both companies are celebrating their 50th anniversaries. On Oct. 27 – one week before the announcement of financial results for the first three sales quarters of 2022 – ...
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News briefsUSWE’s quarter marked by acquisitions, order cancellations
Swedish company USWE Sports AB, which launched as a public company on July 1, reported a net loss of 2.07 million Swedish kronor during the three months ended Sep. 30. Operating loss for the period was SEK 4.10 million (€386,200). Total revenues rose 98 percent year-over-year to SEK 25.37 million ...
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ArticleCanada Goose lowers outlook due to China problems
Persistent lower traffic trends and dampened consumer sentiment in China have forced Canada Goose to lower its FY revenue and profit outlook despite strong brand sales performance in other global geographies. The group has dropped its annual revenue outlook by more than 7 percent to a range of C$1.2-1.3 billion ...
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News briefsTopgolf Callaway tees off with record third quarter; lifts guidance
Topgolf Callaway Brands has lifted annual guidance after a record third quarter and said it continues to see the Topgolf operation as a key driver of growth that will contribute half of the company’s Ebitda in the near future. Group net revenue for the three months to Sept. 30 was ...
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ArticleVista Outdoor shares take hit after guidance lowered
Jason Vanderbrink, president of Vista Outdoor’s sporting products division, told analysts, “We are bullish on the outdoor industry despite near-term macroeconomic conditions that have eroded consumer confidence and pressured performance across the (U.S.) economy. We always understood that the elevated purchase patterns of the last two-and-a-half years would normalize.” ...
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News briefsFox Factory delivers another solid quarter
Profit at Fox Factory, the maker of products for bicycles, off-road vehicles and motorcycles, among others, rose 16 percent to $50.8 million from $43.8 million for the quarter ended Sept. 30. Ebit was 19.7 percent higher at $64.1 million as operating income increased by 18.3 percent to $65.4 million from ...
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ArticleRocky Brands lowers FY revenue outlook
Despite reporting steady or strong sales from its portfolio of footwear brands during the third quarter, Rocky Brands has lowered its FY revenue outlook due to a difficult, year-over-year sales comparison in the fourth quarter. Through nine months, the parent of the Durango and Georgia brands, among others, had a ...
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News briefsShopify exceeds expectations
E-commerce platform Shopify, headquartered in Ottawa, Canada, has released excellent third-quarter results, posting a 22 percent year-over-year revenue increase to $1.4 billion. “Shopify is the central nervous system that powers millions of businesses around the world. During Q3, merchants continued to recognize Shopify’s exceptional value and increased their adoption of ...
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ArticleMoncler's momentum continues
Moncler, through the issuance of an interim report, said consolidated group revenues on a constant-currency basis rose 32 percent during the first nine months of 2002 to €1,556.6 million. Third-quarter group sales increased 12 percent year-over-year on a constant-currency basis to €638.3 million. Moncler brand nine-month revenues were 21 percent ...
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ArticleHoka strides ahead for Deckers in Q2 with record sales
Deckers Brands has posted a strong rise in second-quarter net sales, driven by record revenue growth at its Hoka and Ugg brands. Net sales for the three months to Sept. 30 rose 21 percent year on year to $875.6 million. On a constant currency basis, the increase was 25 percent. ...
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News briefsOutdoor recreation sales slip at Newell Brands
Newell Brands, the parent of CampingGaz, Coleman, Marmot, and Ex-Officio, has reported a 26.0 percent decline in its outdoor & recreation segment sales to $289 million from $391 million for the period ended Sept. 30. An 18.4-percent drop in core sales, unfavorable foreign exchange and exits from certain low-margin categories ...
