All Financial results articles – Page 34
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ArticleNew acquisitions help Rocky Brands stride forward in Q2
Rocky Brands reported a 60 percent rise in second-quarter earnings as incremental sales from Muck Boot, XTRATUF, Servus, Neo and Ranger brands acquired from Honeywell in March made a healthy contribution to revenues. Net income rose to $3.89 million from $2.44 million in the three months to June 30 as ...
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ArticleColumbia lifts guidance after strong Q2, but CEO attacks freight “monopoly”
Columbia Sportswear swung to a second-quarter profit and raised its full-year 2021 forecasts but warned that “escalating” ocean-freight prices and ongoing port congestions were dragging on the annual outlook. The outdoor gear producer reported net income of $40.6 million for the three months to June 30, compared with a loss ...
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ArticleClarus raises guidance as Q2 sales growth accelerates
Clarus Corp., the Utah-based parent company of Black Diamond and Pieps, saw its sales growth accelerate in the second quarter of 2021, with its top line increasing by 144 percent from the year earlier, when the impact of the Covid-19 pandemic was at a peak, reaching $73 million. Favorable consumer ...
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ArticleAfter strong Q2, Wolverine again raises full-year outlook
Wolverine Worldwide raised its guidance for the full year for the second time after achieving strong results in the second quarter ended July 3, led by the record quarterly sales performance by its two largest brands, Merrell and Saucony, on which the group has been investing more than on the ...
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ArticleCoDi sees “explosive” growth at Boa Technology
Compass Diversified (CoDi) highlighted the “explosive” growth of the recently acquired Boa Technology in its second quarter ended June 30, cautioning that the brand’s expansion is likely to slow in the second half of the year. Boa, which owns the Boa Fit System for shoe fastening, was acquired by CoDi ...
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ArticleVF raises FY guidance as Q1 sales and profits beat estimates
VF Corp lifted its annual guidance after posting better-than-expected earnings and sales in its first quarter ended June 30 as retail demand for the company’s top brands continued to recover from the impact of the Covid-19 pandemic. Revenue for the three months more than doubled to $2,194 million, compared with ...
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News briefs
Izas Outdoor opens its first store outside of Spain
Izas Outdoor, a Spanish outerwear specialist headquartered in Zaragoza, has opened a pop-up store in Chamonix, France. It is the company’s first store outside of Spain. The 180-sqm pop-up will be in place until the end of October. Izas Outdoor has also recently inaugurated a new store in Bilbao, in ...
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ArticleNewell reports Q2 sales rise of 28.3 percent
For the second quarter, Newell Brands net sales were $2.7 billion, a 28.3 percent increase compared to the prior-year period, as core sales growth of 25.4 percent and favorable foreign exchange were slightly offset by the impact of business and retail store exits. The company said that net sales were ...
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ArticleVista aims higher as ammo sales fire Q1 earnings
U.S.-based Vista Outdoor has posted better-than-expected first-quarter sales on the back of continued soaring demand for ammunition and outdoor products. Sales for the three months to June 27 rose 38 percent to $663 million over the same period last year against company forecasts of $600m - $620m. Chief executive Chris ...
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ArticleDeckers Brands posts Q1 sales growth, raises FY22 outlook
Deckers Brands reported a first-quarter revenue increase of 78.2 percent to $504.7 million, while the company’s earnings per share increased to $1.71 compared to basic loss per share of $0.28 for the same period last year. The company has raised its full-year fiscal 2022 outlook and now expects earnings per ...
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ArticleCalida Group posts H1 sales growth of 30.2 percent
For the first half period of 2021, Calida Group reported a 30.2 percent increase in sales to CHF 153.9 million (€142.8m-$169.3m) in currency-adjusted terms, which beat the pre-pandemic levels. The company said in a release that Millet Mountain Group, with net sales proceeds of CHF 37.2 million (€34.5m-$40.9m) and a ...
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ArticleSuccessful first half year for Moncler, brand accelerates in Q2
The Moncler Group reported consolidated revenues of €621.8 million for the first half ended June 30, compared to €403.3 million in the first half of 2020. Growth was 57 percent at constant exchange rates and 54 percent at current exchange rates. From April 1, 2021, the group’s financial report also ...
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ArticleExcellent results mark the first half of Shimano’s 100th anniversary year
Further Covid-related temporary plant and port closures on the one hand, and unabated high demand for bicycle products and fishing tackle on the other, gave Japan-based supplier Shimano Inc. a hard time in the first half of 2021. However, unlike in the first half of 2020 (when the supplier had ...
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News briefs
Lenzing raises outlook for current financial year
Austrian Lenzing Group said it recorded a significantly improved development of its operating result in the first half of 2021. The preliminary EBITDA more than doubled year-on-year to €217.8 million (compared to €95.6m in the first half of 2020). The currently positive environment is still characterized by a high level ...
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ArticleParts shortage slows Accell’s results
A growing market for bike parts and accessories helped Accell Group to raise net sales for the six months to June 30 by 3.3 percent to €699.1 million, despite a drop in sales of finished bicycles due to supply and logistics problems. Order books for electric bikes remained strong, but ...
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ArticleFenix’ Q2 sales up, but sluggish German performance weighs on overall result
Fenix Outdoor International said it was still experiencing Covid pandemic-related difficulties in the second quarter with delayed re-openings of the German and Benelux markets affecting the business. The company said the impact was unexpectedly felt more in its Brands operations than the retail division as “a lot of retail customers ...
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ArticleHigh demand for bike helmets results in tremendous sales increase for Mips in H1
After a strong start to fiscal 2021, “brain protection” helmet-technology maker Mips AB stepped it up a notch in the second quarter. As a result, the Swedish company posted total sales of SEK 225 million (€22.0m-$25.9m) in the first half of the year, despite challenging supply chain issues. Compared with ...
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ArticleThule benefits from growing recreational trends despite lockdowns in Q2
Continuing its strong growth trend for the fourth quarter in a row, the Swedish-based Thule Group reported improved results for the second quarter ended June 30. Net sales went up by 58.1 percent to 3,229 million Swedish kronor (€315.5m-$371.4m) compared to the same period a year ago, when major markets ...
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ArticleDometic Q2 sales rebound but supply-chain issues persist
Scandinavian Outdoor Group member Dometic saw second-quarter earnings rebound from the impact of the Covid pandemic despite persistent supply-chain challenges. The Stockholm-based specialist in products for mobile living said reported a 67 percent increase in net sales to SEK 5.6bn (€546m - $642m) against the 2020 period, which was hit ...
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ArticleNew anglers help Rapala reel in strong H1 sales rise
Finnish tackle company Rapala VMC reported a sharp rise in first-half net sales driven by strong demand for fishing gear from new anglers and faster-than-expected implementation of its restructuring strategy. Sales for the six months to June 30 increased 36 percent to €159.6 million as fishing’s popularity as a Covid-safe ...
