All Financial results articles – Page 35
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ArticleHelen of Troy’s Hydro Flask starts year strongly
Helen of Troy’s Houseware segment, which includes outdoor drinkware brand Hydro Flask, posted revenues of $193.6 million in the first fiscal quarter ended May 31, up by 37.7 percent compared to the year earlier. Gains in the top line were due to the positive comparative effect from store closures and ...
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News briefsPierer Mobility reports strong two-wheeler sales in the first half of the year
With total sales of 176,045 motorcycles and 53,378 e-bikes and bicycles worldwide, Austrian two-wheeler giant Pierer Mobility AG has closed the first half of 2021 on a strong note. While the motorcycle sales under the KTM, Husqvarna and GasGas brand names almost doubled with an increase of 94.9 percent compared ...
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ArticleAnta Sports Q2 sales growth continues at slightly slower pace
Anta Sports continued to show strong sales growth in the second quarter ended June 30. However, the pace of growth slowed somewhat from the first quarter, which benefited from a strong comparison effect as strict lockdown measures were imposed in China in the first quarter of 2020. In an operational ...
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ArticleOutdoor company stocks continue to gain ground in Q2
From the first quarter to the second quarter of 2021, the 32 outdoor stocks we track were up 13.82 percent. Neither the bike nor the retail companies had a major impact here, but rather a few of the large groups such as Anta Sports, Vista Outdoor and American Outdoor Brands, ...
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News briefs
Buff reports 63% growth
Original Buff, the Spanish headwear and neckwear company, saw its revenues soar by 63 percent to €85 million during the financial year ended April 30, thanks to multiple reasons. It benefited from the increased popularity of outdoor activities during the Covid-19 pandemic, the launch of its anti-Covid face masks and ...
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News briefsKathmandu group issues profit warning
The new Covid-related retail lockdowns in Australia have negatively affected the profitability of Kathmandu Holdings. Its guidance for the financial year ending July 31 has been reduced to underlying Ebitda of 120 million New Zealand dollars (€71.3m-$84.1m) on revenues of NZ$ 930 million (€552m-$651m), which would compare with Ebitda of ...
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News briefsInfinited raises €30 million, Adidas among new investors
Finnish circular textile technology company Infinited Fiber Company, which just signed a multi-year distribution agreement for its regenerated textile fiber called Infinna with Patagonia, has secured investments totaling €30 million in its latest financing round closed on June 30. The round also brought Infinited new investors, including sportswear company Adidas, ...
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ArticleGlobal bicycle stocks chart Q2 2021:
Still riding the waveDue to the Covid-related closures, the focus in the first quarter of 2021 was still very much on alternative mobility products. This shifted somewhat in the second quarter. Falling infection figures and rising economic data have provided a breath of fresh air. This is leading to a renewed focus on traditional stock values. After all, in Covid times, these were properly beaten down. For example, shares in the automotive sector fell to respective lows below their actual value. The stock market is currently reacting positively to a time without lockdowns and the current efforts of the automotive industry to make its contribution to the mobility revolution with electrification. Global bicycle stocks continue to cruise at great heights but did not perform as extraordinarily in Q2 as they did in the first three months of this year.
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ArticleAnta Sports publishes profit warning
Amer Sports’ profitability is apparently improving faster than that of the rest of the Anta Sports Group. In a profit warning, Anta, which heads up the joint venture that took over the group two years ago, says it expects a decline in the losses of a joint venture, which we ...
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News briefsGoldwin sets new financial and sustainability targets
Goldwin has laid out a plan to reach an annual turnover of 125 billion yen (€940m-$1.15bn) by the financial year ending in March 2026, up from 100 billion this year, while transitioning to 100 percent recycled and biosynthetic materials. The Japanese company, which markets 18 different brands in its home ...
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News briefsWolverine Worldwide expects strong second quarter
Ahead of investor meetings to be held during the virtual Baird 2021 Global Consumer, Technology, and Services Conference on June 8, Wolverine World Wide, Inc. today provided a business update stating that the company expects second-quarter 2021 revenue to exceed second quarter 2019. The company noted that its performance has ...
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ArticleZumiez sales more than doubled
In its Q1 ended May 1, Zumiez, the U.S. action sports retailer whose assets include Blue Tomato in Europe, beat financial analysts’ forecasts, increasing its global sales 102.6 percent to $279.1 million. This resulted in a net profit of $26.4 million for the quarter, compared to a net loss of ...
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News briefs
Buff reports 63% growth in fiscal 2020-21
Buff closed its fiscal year on April 30 with record sales of €85 million, a growth of 63 percent compared to the previous year (€52 million). The Spanish company attributed the good performance to the boom in outdoor sports and the production of protective equipment during the pandemic. In the ...
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ArticleVista unveils four-year plan with ambitious strategic goals
With a successful fourth quarter under its belt, Vista Outdoor, headquartered in Anoka, Minnesota, has released its “Roadmap to 2025.” The plan calls for annual sales growth of more than 10 percent, including acquisitions, and an EBITDA margin that is expected to increase from the current 15.5 percent to 20 ...
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ArticleGoldwin turns around in Q4, budgets 10% growth
Goldwin’s sales fell by 7.6 percent to ¥90,479 million (€678.0m-$830.5m) in the financial year ended March 31, 2021, while operating profit declined by 15.1 percent to ¥14,838 million (€111.2m-$136.2m), better than a forecast made in February for declines of 10.1 percent and 28.5 percent, respectively. Attributable earnings inched down by ...
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ArticleVF’s momentum on the rise, positive outlook for 2022
VF Corp. ended its fiscal year on a high note, prolonging a recovery that started in the second quarter. For the fourth quarter ended March 31, the company confirmed that its momentum is accelerating, delivering revenues that increased by 23 percent to $2,582 million, or 19 percent in constant currencies. ...
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ArticleDeckers grows in Q4, led by further expansion of Hoka One One
Deckers Brands’ sales growth gained momentum in the fiscal fourth quarter, led by the continued global expansion of Hoka One One and a strong showing at its core Ugg brand. In the three months ended March 31, the group’s revenues increased by 49.7 percent to $561.2 million and were up ...
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News briefs
Movement Skis suffers 15% revenue drop
Swiss ski brand Movement Skis registered revenues of CHF 8.5 million (€7.7m-$9.4m) in 2020, representing a 15 percent decline as compared to 2019. Sales were negatively impacted by the measures imposed by authorities in several countries to limit the effects of the Covid-19 pandemic, which affected the ski industry as ...
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ArticleCanada Goose forecasts record revenue as Q4 profits rise
Canada Goose forecasts 2022 revenues to exceed 1 billion Canadian dollars (€680m-$826m) for the first time after reporting a better-than-expected rise in sales for the fiscal fourth quarter driven by strong demand in China and online sales. Revenues rose to CA$208 million (€141.4m-$171.7m) for the three months to March 28 ...
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News briefsMerida’s sales shift into double-digit range
When it comes to business figures, Taiwan’s second-largest bicycle manufacturer Merida Industry Co., Ltd. (aka Merida Bikes) is always a little reserved. Looking ahead to Q1 of fiscal 2021 and beyond, the manufacturer has released sales figures in value terms, although it has not provided any details on unit sales, ...
