All Financial results articles – Page 45
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ArticleWolverine performs better than expected
Wolverine Worldwide told analysts at the Baird 2020 Global Consumer, Technology, and Services Conference on June 4 that its sales were better than expected in the first nine weeks of its second quarter, falling by less than 50 percent overall. The impact of the coronavirus-related retail lockdown was partly offset ...
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ArticleCanada Goose was resilient against Covid-19
(SGI) Canada Goose Holdings was not hit as hard as other clothing brands by the pandemic, which it attributed to the seasonal nature of its business. While it felt the impact of store closures late in its fiscal year, which ended on March 29, 2020, its peak activity time had ...
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ArticleTecnica Group performs better than expected
Tecnica Group reported better-than-expected results for 2019, adding that e-commerce and sales of outdoor products and inline skates were positive in the first quarter of 2020, despite the Covid-19 pandemic. The net turnover of the group went up by 6.4 percent to a record €424 million in 2019, which was ...
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Articlemyclimate presents new record figures for 2019
myclimate, the international carbon offset foundation, has published its annual results for 2019. The international non-profit organization with Swiss roots was able to significantly increase the total revenue from its three business areas of education, consulting and solutions, as well as the offsetting of CO2 emissions. In 2019, the total ...
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News briefsTeva and Hoka help limit the damage for Deckers
Despite headwinds from Covid-19, robust sales at Hoka One One and Teva helped limit the damage for Deckers Brands’ revenues in its fourth fiscal quarter, ended on March 31. The group’s quarterly sales declined by 4.9 percent to $374.9 million, or by 4.5 percent in constant currencies, while net income ...
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ArticleVF claims it can hike through the Covid storm easily
In releasing its financial results for the fourth quarter ended on March 31, the management of VF Corp. insisted that the company is in a better position than some of its competitors to navigate through the “storm” caused by the coronavirus pandemic for several reasons, including good liquidity, a flexible ...
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News briefsCovid-19 halts Gregory's growth
Like the rest of the Samsonite group, Gregory has been affected by the Covid-19 pandemic. After posting strong increases every quarter, the technical backpack brand of the group suffered a 7.6 percent drop in sales on a currency-neutral basis during the first quarter. The less technical High Sierra brand endured ...
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News briefsDorel rides well on higher demand for bikes
(SGI) Dorel Sports, the bike division of Dorel Industries, managed to grow through the Covid-19 pandemic. It registered revenues of $188.2 million for the first quarter, representing a 2.0 percent increase from the same quarter a year earlier, driven by strong performances at the Cycling Sports Group (CSG), whose brands ...
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ArticleDivestitures helped Vista Outdoor
The Outdoor Products division of Vista Outdoor, which groups brands such as Bell, Giro, Camelbak, Camp Chef and Bushnell Golf, recorded a 9 percent drop in sales to $132 million in the fourth quarter ended on March 31, largely due to restrictions related to the Covid-19 outbreak. Sales of hydration ...
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News briefsFlat sales at Helly Hansen
Canadian Tire Corp. reports that Helly Hansen booked a 7.3 percent sales decline in the first quarter ended on March 28, largely due to the sharp decline of the Norwegian kroner against the U.S. dollar, which led to a foreign currency loss of $7.0 million for the Canadian group. In ...
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ArticleHi-Tec’s weak international sales weigh on Apex’s revenues
California-based Apex Global Brands, previously called Cherokee Global Brands, saw revenues for its fourth fiscal quarter ended on Feb. 1, 2020 fall by 10 percent to $5.5 million, as Hi-Tec and Magnum royalty revenues declined internationally. The management blamed this on the uncertainty surrounding Brexit and exchange rate fluctuations. This ...
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ArticleCallaway’s sales and profit plunge
(SGI) Callaway Golf Co. saw sales for the first quarter decline by 14 percent to $442.3 million, weighed down by the impact of Covid-19 on its golf equipment and softgoods businesses, including the recently acquired Jack Wolfskin brand. Currency fluctuations negatively affected revenues by $4 million. The gross margin decreased ...
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ArticleFenix Outdoor banks on e-commerce after a weak quarter
Martin Nordin, chief executive of Fenix Outdoor International, expressed optimism about a recovery in the outdoor industry after the coronavirus pandemic is over, considering that it has outperformed other industries during past recessions, especially in Europe. He added that the epidemic’s negative effect on travel should lead people to look ...
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News briefsGoPro's sales drop by more than half
In line with its previous warning, GoPro reported a turnover of $119 million in the first quarter, more than half the $243 million level of the year-ago period. The transition to a more efficient and profitale direct-to-consumer model reduced operating expenses mitigating the decline in the gross margin, which was ...
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ArticleStore closures weigh on Johnson Outdoors’ sales and profits
Johnson Outdoors’ earnings for its second fiscal quarter, ended on March 27, declined by 7 percent from the year-ago period to $20.4 million. In response to the Covid-19 crisis, the group has cut travel and non-essential spending, deferred capital expenditures and scaled operations down to match demand. Johnson’s total revenues ...
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ArticleBogs’ sales tumble 22%
Sales of the Bogs footwear brand from the U.S. state of Oregon, best known for their waterproof boots, declined 22 percent in the first quarter due to Covid-19, particularly in the second half of March, with store closures affecting the company’s wholesale business. Weyco, the parent company, said domestic retail ...
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ArticleAn excellent quarter for Garmin in Outdoor and Fitness
Garmin’s fitness division had a stellar performance in the first quarter. Revenues in this segment soared by 24 percent to $180.3 million, as the group benefited from the home fitness boom due to the lockdowns in place in many countries. Sales were driven by advanced wearables and Tacx indoor bike ...
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ArticleColumbia’s results are hit by Covid-19
After a brilliant financial year in 2019, Columbia Sportswear did not have a great start to 2020 due to the Covid-19 pandemic. Its net profits stood at just $0.2 million, down from $74.2 million for the year-ago quarter, while sales dropped by 13 percent to $568.2 million. Lower consumer demand ...
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News briefs
Closeouts helped XXL to grow in Q1
A major clearance program launched in reaction to poor winter conditions helped XXL to boost its sales by 7 percent in the first quarter to 2,162 million Norwegian kroner (€191.7m-$208.2m), with 3 percent growth on a same-store basis, but this led the Nordic sports retailer to book negative Ebitda of ...
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News briefs
Hydro Flask helps Helen of Troy to grow
Helen of Troy reported a nice 15.0 percent increase in sales to $144.9 million for its Housewares segment, which includes Hydro Flask and OXO, for the fourth quarter of its financial year ended on Feb. 29, despite a drop outside the U.S. Lifted by new product introductions, sales grew online ...
