All Financial results articles – Page 31
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ArticleLess growth for Giant Group in Q3
With strong global demand for bicycles and e-bikes, Taiwan-based bicycle manufacturer Giant Manufacturing Company Ltd reports that its global production facilities are fully loaded with orders, supporting the company’s revenue and profit growth. For the first three quarters of fiscal 2021, the company reported record sales of 61.94 billion Taiwan ...
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ArticleCanada Goose with strong momentum, improves guidance
Canada Goose reported an improved gross margin and a lower operating margin on a 19.6 percent increase in revenues to 232.9 million Canadian dollars (€161.9m-$187.1m) for its second quarter ended Sept. 26. Excluding the exceptional revenues from personal protective equipment recorded in the same period a year ago, comparable sales ...
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ArticleSports & Leisure pull Craft's parent forward, Nordics and U.S. recover
The Swedish-based New Wave Group, which owns brands like Craft and Cutter & Back, reported record third-quarter profits as sales closed in on pre-pandemic levels, driven by a recovery in the Nordic countries and the U.S. The group’s Sports & Leisure division, which includes Craft, saw sales rise by ...
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ArticleGoPro says Christmas sales won’t be hit by supply crisis after stellar Q3 results
Action camera maker GoPro said it did not expect Christmas sales to be hit by supply-chain constraints as it reported better-than-expected third-quarter results. The company posted a net profit of $311.8 million, up from $3.3 million a year ago. Revenue grew 13 percent to $317 million against GoPro’s own estimates ...
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ArticleDorel Sports Q3 revenues slip as supply-chain constraints bite
Dorel Industries said third-quarter revenue at its Dorel Sports segment fell slightly on supply-chain disruption and parts shortages, leading it to lower fourth-quarter expectations for the group as a whole. The company, which last month agreed to sell Dorel Sports to Pon Group for $810 million, said revenue at the ...
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ArticleInventory overload affects Rocky Brands’ Q3
In the period ended Sep. 30, U.S. footwear company Rocky Brands reported “temporary fulfillment challenges” and a doubling in operating costs to $44.2 million. The increase in expenses was driven primarily by integrating the brands The Original Muck Boot Company, Xtratuf, Servus, NEOS and Ranger acquired in March for $230 ...
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ArticleVista Outdoor on target as Q3 earnings beat expectations
U.S.-based Vista Outdoor has reported better-than-expected third-quarter revenue, driven by growth in its shooting and outdoor segments as the recreation boom sparked by the Covid-19 pandemic shows no sign of slowing. Revenue for the three months to September 26 rose 35 percent to $778.5 million against forecasts of $723.3 million. ...
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ArticleCovid-led demand for anti-microbial products powers Polygiene Q3
Polygiene reported a 129 percent rise in third-quarter net sales to a record 52.3 million Swedish kronor (€5.2m-$6.1m) as the Covid-19 pandemic drives demand for anti-microbial products. Operating earnings before interest and tax in the three months to Sept. 30 soared to SEK 15.7 million (€1.59m-$1.8m) from SEK 2.4 million ...
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ArticleWeyco sees improvement in supply situation in Q4
The U.S. group Weyco enjoyed a rebound in sales and earnings in the third quarter of 2021, but bottlenecks in the supply chain caused delays in the delivery of merchandise from suppliers and hurt the sales of its outdoor brand Bogs. In October, however, the company began to see an ...
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ArticleLenzing with strong operating result despite higher energy, material and logistics costs
Austria’s Lenzing Group significantly improved its sales and earnings year-on-year in the first nine months of 2021 due to the predominantly positive market environment. Growing optimism in the textile and apparel industry and the recovery in the retail sector led to a significant increase in demand and prices in the ...
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ArticleQ3 sales at Newell Brands' outdoor unit up 2.1%
Third-quarter net sales at Newell Brands’ Outdoor & Recreation division, including the Campingaz, Marmot and Coleman brands, amongst others, rose 2.1 percent to $391 million, driven by strength in outdoor equipment and on-the-go beverage categories as Covid lockdown curbs eased. Reported operating income at the division fell to $27 ...
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ArticleDeckers’ Q2 sales up 16% thanks to Hoka, while margins pressured by supply chain
Deckers Brands saw revenues increase by 15.8 percent to $721.9 million in its second quarter ended Sept. 30, led by the continued strong performance of its Hoka brand, but delays in deliveries capped top-line growth at Ugg. On a constant-currency basis, revenues increased by 14.8 percent, but net earnings inched ...
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ArticleColumbia lowers FY sales outlook, raises earnings forecast as Q3 sales miss
Columbia Sportswear has lowered its sales outlook for the year but raised earnings forecasts, despite weaker than expected third-quarter revenue due to supply-chain issues. Sales for the quarter rose to $804.7 million from $701.1 million a year earlier and against forecasts of $862 million. Net income beat expectations at $100.6 ...
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News briefsCODI’s sports brands with strong Q3, Boa leading the pack
All four of Compass Diversified’s (CODI) outdoor and sports brands – 5.11, Boa Technology, Marucci Sports and Velocity Outdoor – posted positive sales results and improved Ebitda in the third quarter, with Boa, maker of the dial-based Boa Fit System system for footwear and other applications, showing the highest sales ...
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ArticleFenix says Germany recovery underway but warns of supply-chain issues
Fenix Outdoor has reported a rise in third-quarter sales and earnings but warned that global supply chain issues and Covid outbreaks in some of its manufacturing locations were still posing problems. The company also said it aimed to manufacture up to 20 percent of its own products by acquiring or ...
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News briefs
Scarpa with profit, forecasts 15% growth for 2021
Italy’s outdoormag.it reports that Italian footwear and outdoor specialist Scarpa ended 2020 on a positive note, with sales up about 3 percent compared to 2019. CEO Diego Bolzanello told the publication, “We expect further growth in 2021, both in the domestic and foreign markets,” estimating it at 15 percent. Despite ...
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ArticleMips posts solid growth in Q3 despite supply chain challenges
Swedish company Mips reports that its third quarter built on the very good growth seen earlier in the year. The specialist in “brain protection” helmet technology reported that net sales increased by 81 percent to 185 million Swedish kronor (€18.6m-$21.7m) compared to SEK 120 million in Q3 last year. Organic ...
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ArticleShimano’s bicycle segment up 30%, raises forecast
While reporting excellent figures for its third quarter ended Sept. 30, Shimano said it was expanding production capacity at its factories in Japan and overseas to respond to the growing global demand for its products, as Covid-19 outbreaks have disrupted both manufacturing and logistics everywhere. Bicycle dealers’ inventories are still ...
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News briefs
3M defies supply chain issues, raises guidance moderately
Announcing results for its Q3 2021 ended Sept. 30, U.S.-based conglomerate corporation 3M said sales increased 7.1 percent year-over-year to $8.9 billion. Total sales increased 8.1 percent in consumer products, 7.2 percent in safety and industrial, 5.8 percent in transportation and electronics and 4.1 percent in healthcare. On a geographic ...
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ArticleUnifi with strong Q1
Unifi, Inc., a U.S.-based producer of recycled and synthetic yarns, released operating results for the first fiscal quarter that ended Sept. 26. Net sales were $196.0 million, an increase of 38.5 percent from the first quarter of fiscal 2021 and an increase of 6.3 percent from the last Q4 (2021). ...
