All Financial results articles – Page 36
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News briefsGregory’s backpacks outperform Samsonite’s results in Q1
Gregory had by far the best performance in the first quarter within the Samsonite International group, whose luggage business has been deeply affected by the travel and retail restrictions imposed by the Covid-19 outbreak. The brand of technical backpacks and hydration gear booked sales of $15.8 million in the period ...
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ArticleLeatt’s chase for records continues
South African head-to-toe protective equipment supplier Leatt Corporation continues to chase records. Its just-released first quarterly report of 2021 shows record sales of $12.90 million. Compared to the first three months of the previous year, this is an increase of 71 percent. Operating income was even up 459.6 percent at ...
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News briefsYeti’s DTC exceeds 50% in Q1
Yeti, the U.S. brand of coolers, drinkware and other outdoor gear, reported a 260 percent increase in net income to $30.52 million from $8.48 million on sales up 42 percent to $247.55 million from $174.41 million in the first quarter. Wholesale and DTC improved on growth in the coolers and ...
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News briefsHelly Hansen maintains sales momentum, Canadian Tire’s e-commerce soars
Helly Hansen’s revenues for the first quarter ended April 3 increased by 12.2 percent to 136.3 million Canadian dollars (€92.8m-$112.1), growing at the roughly same pace as in the fourth quarter of 2020 despite continuing store closures and restrictions on store operations because of the Covid-19 pandemic. Canadian Tire, which ...
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News briefsGiant Group boosts sales and profit to record levels thanks to e-bikes
Continued strong global market demand for bicycles and e-bikes has brought Taiwan’s largest bicycle manufacturer Giant Group both record revenue and record profit in the first sales quarter of the current fiscal year 2021. While quarterly sales grew at double-digit rates compared to the first three months of last year, ...
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ArticleWolverine raises guidance due to strong first quarter
Footwear company Wolverine Worldwide raised full-year guidance due to better-than-expected e-commerce growth and optimism over Covid-19 vaccine rollouts. Revenues in the three months to April 3 rose 16.3 percent to $510.7 million but missed estimates of $511.8 million. Wolverine, which owns the Sperry, Hush Puppies, Saucony and Merrell brands, amongst ...
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ArticleJack Wolfskin recovers from pandemic faster than expected, online sales up 108%
Callaway Golf Co. saw revenues in the first quarter soar by 47.3 percent as compared to the year earlier to $651.6 million, amid “unprecedented” demand for its golf equipment and a faster-than-expected recovery from the Covid-19 pandemic for Jack Wolfskin and the rest of its softgoods businesses and the recently ...
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ArticleClarus raises full-year guidance after Q1 sales jump
Clarus Corp, the parent company of Black Diamond and Pieps, raised its sales and adjusted Ebitda guidance for the full year, after posting a top line of $75.3 million in the first quarter, up by 41 percent on a reported basis and 39 percent higher at constant currencies. Excluding Barnes ...
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ArticleVista Outdoor Q4 sales rise 40%
Vista Outdoor reported sales of $597 million in the fourth quarter ended March 31. That is up 40 percent year-over-year and well above the guidance of $510 million to $530 million given at the time of the third-quarter results. Sales growth was attributed to strong demand across both Vista’s shooting ...
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News briefsAdidas grows by almost 60% in the outdoor segment
Adidas’ sales of outdoor products increased by nearly 60 percent in the first quarter of 2021 thanks to the new Terrex collection for fast trail running. Running and training were up by about 20 percent and more than 30 percent, respectively. Excluding Reebok, which is up for sale, Adidas’ sales ...
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ArticleFox Factory Q1 sales shine with surge in bicycle product sales
Suspension specialist Fox Factory continues to soar. The company posted record sales for the third consecutive quarter. Q1 2021 sales increased 52.5 percent to $281.14 million (€231.16m). This amount is split between Fox’s Powered Vehicle Group (PVG) Q1 revenue of $162.75m (€134.01m, +35 percent) and Fox’s Specialty Sports Group (SSG, ...
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ArticleLockdown life drives demand growth for Johnson Outdoors in Q2
Pent-up demand from people stuck indoors during the Covid pandemic has helped Johnson Outdoors report a surge in second-quarter sales and profits. Total company net sales in the second quarter to April 2 rose 26 percent year on year to $206.2 million. Operating profit for the period rose to $36 ...
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ArticleGoPro revenue up 71 percent thanks to subscriptions and high-end cameras
In the wake of the company’s shift to direct sales and an added focus on subscriptions, GoPro Inc. reported a reduced loss of $10 million in the first quarter ended March 31 (compared to a loss of $64m one year ago), while revenue rose 71 percent to $204m. Adjusted earnings ...
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ArticleBicycle boom pushes Q1 sales at Dorel
Dorel Industries said revenues at its sports segment increased for the eighth consecutive quarter in the three months ended March 31, rising by 43.6 percent in reported U.S. dollars to $270 million, and by 41.5 percent in local currencies, driven by the growing global demand for bikes. The second quarter ...
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ArticleWeyco suffers but sees acceleration in outdoor sales and wholesale orders
Weyco continued to suffer from the impact of the Covid-19 pandemic in the opening months of 2021. Still, the company enjoyed an acceleration in wholesale orders in the latter part of the first quarter and a strong performance in Australia. Net sales in the first quarter ended March 31 fell ...
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News briefsPolygiene Q1 sales soar 141%
Polygiene, a provider of antimicrobial technology, saw sales jump by 141.4 percent to 42.0 million Swedish kronor (€4.2m-$5.1m) in the first quarter, boosted by continued demand for its ViralOff antimicrobial treatment during the Covid-19 pandemic and the addition of Addmaster Holdings, a global supplier of antibacterial additives for hard surfaces ...
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News briefs
Aquapac invests in growth during lockdown
U.K. outdoor and watersports accessories brand Aquapac has reported strong sales performance in the last nine months. The best performance in the first half of the fiscal year in four years is attributed to investment in new products, a new marketing manager and the Covid-19 pandemic, which is bringing more ...
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News briefsRocky Brands reports higher Q1 revenue, net income
U.S.-based footwear and apparel maker Rocky Brands reported soaring first-quarter revenue and net income on the back of strong demand from its wholesale and direct-to-consumer channels. The company said revenue for the three months to March 31 rose 57.3 percent to $87.7 million. Wholesale segment sales increased 69.1 percent, while ...
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News briefsChina demand helps drive higher Q1 revenues at Lenzing
Austrian specialty fiber producer Lenzing Group said that a strong recovery in its markets helped to drive rises in revenue and net profit. They reported that revenue for the three months to March 1 rose 4.9 percent to €489.3 million. Net profit rose to €29.9m from €17.7m, while earnings before ...
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ArticleUnifi swings to profit in Q3 as Brazil excels
U.S.-based recycled and synthetic yarn maker Unifi swung to a profit in the third quarter after driven by a rise in sales at its Brazil and Asian units. The company said net income for the three months to March 28 was $4.7 million compared to a loss of $41.1m a ...
