All Financial results articles – Page 32
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News briefsClarus to generate new capital by offering 2.75 million shares of common stock
Clarus Corporation, a Salt Lake City, Utah-based company with brands including Black Diamond, Pieps and Rhino-Rack, announced that it intends to offer 2,750,000 shares of common stock and use the net proceeds from the offering for general corporate purposes, including repayment of debt, capital expenditures and potential acquisitions. The company ...
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ArticleVF maintains FY outlook despite supply chain issues limiting Q2 sales growth
VF Corp improved its guidance for the full year (to $12.0 billion from $11.8 billion) despite a more challenging than expected operating environment in the second quarter. Overall revenues for the group that owns brands including Vans, The North Face (TNF), Timberland, Icebreaker and Smartwool increased by a reported ...
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ArticleDometic Q3 sales growth gets a boost from M&A as supply chain problems persist
Dometic saw sales in the third quarter rise by 24 percent to SEK 5,545 million (€555.2m-$646.5m) despite continuing to suffer from “significant” supply chain disruptions. Growth in the top line of the Stockholm-based specialist in products for mobile living was largely due to acquisitions, with M&A seen increasing revenues by ...
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ArticleThule sees gains in RV products and carrier systems
The outdoor trend, which kicked in after the Covid-19-related lockdowns, has once again brought good sales growth for the Swedish Thule Group. The trend toward outdoor and leisure activities closer to home continued to positively impact all of the group’s product categories in the third quarter. According to Thule’s preliminary ...
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News briefsHaglöfs reports global growth of 26% in H1, expands sales team for Germany and Austria
Swedish outdoor brand Haglöfs reports well-received winter and spring collections and global growth of 26 percent in the first half of 2021 compared to the same period last year, citing continued investment in product development and design despite the pandemic. The brand says it’s committed to continuing to work closely ...
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News briefsAnta Sports’ sales grow in Q3
China’s Anta Sports, which does not provide full financial results for odd-numbered quarters, announced in an operational update that retail sales of its core Anta brand grew in the low double-digit range in the third quarter compared to low single-digit growth in the third quarter of the previous year. Fila, ...
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News briefsKathmandu still sees H1 profits falling
Kathmandu Holdings confirmed it still anticipates profits for the first half ending Jan. 31, 2022, to be lower than the year earlier, after the new financial year began with widespread lockdowns throughout Australasia and Covid-related strains for its supply chain. “The group’s brands are well-positioned to capitalize on growing participation ...
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News briefsClarus sees Q3 sales up 66-67%
Clarus Corp., the Utah-based parent company of Black Diamond and Pieps, said it expects sales in the third quarter ended Sept. 30 to grow by 66 to 67 percent on the year-earlier to reach $107-$108 million, as it pointed to momentum across all brands. Black Diamond sales are expected to ...
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ArticleRevolutionRace publishes first sustainability report after IPO
In its 2020/21 Annual and Sustainability Report, Swedish DTC brand RevolutionRace (RVRC) reports that it has performed strongly and profitably over the past fiscal year, with very positive growth in both new and existing markets. RVRC Holding AB, which went public on the Stockholm Nasdaq in June, posted strong results ...
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ArticleGlobal bicycle stocks: Demand remains strong, but supply chain prevents further highs
While falling infection rates and rising economic data helped our global bicycle stocks soar in the second quarter of 2021, a majority of our companies included in the Q3 overview had to adjust downwards in the third quarter. Demand remains high, yes, but the supply chain and some logistical issues ...
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ArticleHelen of Troy’s Hydro Flask sees Q2 sales progress, raises FY outlook
The Houseware segment of Helen of Troy, which includes outdoor drinkware brand Hydro Flask, saw revenues in the second fiscal quarter ended Aug. 31 grow by 6.7 percent to $215.2 million. The improvement was due mainly to an increase in brick and mortar sales for both Hydro Flask and OXO ...
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ArticleOutdoor industry stocks declined by 6% in Q3
Public companies involved in the outdoor and bike sectors saw their average share value decline by 6.0 percent between June 30 and Sept. 30 of this year, after rising by 18.9 percent during the first quarter and by 13.8 percent during the second quarter. The sector performed a little better ...
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ArticleKathmandu’s sales rise 15% on surfing, hiking boom, but outlook uncertain
Kathmandu Holdings said in a preliminary annual report that its sales increased by 15.1 percent to 922.8 million New Zealand dollars (€551.4m-$646.6m) in the full year ended July 31, 2021, as its Rip Curl and Oboz brands benefitted from a boom in surfing and higher participation in hiking, respectively. Instead, ...
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News briefs
Canada Goose launches automatic share repurchase scheme
Canada Goose has entered an “automatic share repurchase plan,” allowing for the purchase of shares by a broker at times when it would not be permitted to acquire them, based on certain parameters. The Toronto Stock Exchange has cleared this scheme, allowing it to start on Sept. 16 in connection ...
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ArticleJD Sports Fashion’s outdoor segment turns around
JD Sports Fashion reported a record profit before exceptional items and taxes of 439.5 million pounds (€515.1m-$608.8m) for the first half ended July 31, up sharply from £61.9 million in the same period a year ago, as acquisitions, the U.S. government’s stimulus package and pent-up demand allowed it to rebound ...
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ArticlePierer Mobility on track for 11th record year in a row
The current two-wheeler boom has led to record sales of 215,646 PTWs (= “Powered Two-Wheelers” = motorcycles and pedelecs) at Austrian Pierer Mobility AG in the first half of 2021. Compared to the first six months of the previous year, this is an increase of 73 percent. The group sold ...
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News briefs
Pierer announces further increase in revenue forecast for 2021
Driven by the high global demand for powered two-wheelers (e-bikes and also motorcycles), the executive board of Pierer Mobility AG decided on Aug. 26 to raise its sales forecast for the fiscal year, originally published in April 2021. Despite ongoing Covid-19-related supply chain challenges, the outlook remains positive. As a ...
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ArticlePolygiene sees sales momentum continuing after strong Q2
Polygiene reported sales of 46.9 million Swedish kronor (€4.6m-$5.4m) in the second quarter, up by 171 percent on the year earlier and accelerating from the already strong 141 percent growth rate seen in the previous quarter, as its top line continued to benefit from the addition of Addmaster Holdings, a ...
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News briefsUSWE swings to Q1 profit as sales soar on demand surge
Swedish outdoor and sports brand USWE reported a jump of 253 percent in net sales to 29.3 million Swedish kronor (€2.86m-$3.37m) for the three months to June 30. It generated an operating profit before depreciation and amortization (Ebitda) of SEK 5.58 million (€0.55m-$0.64m), or a margin of 19 percent of ...
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News briefsWith 27% growth in H1, Tecnica performed better than in 2019
Italian Tecnica Group posted revenues of €173.7 million in its H1 that ended June 30 (+27 percent compared to H1 2020). Ebitda increased to €17.1 million from €2.7 million in H1 last year. The net result shows a loss of €2.5 million (€14.2 million in H1 2020). Lowa, Rollerblade and ...
