Latest Financial News
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ArticleKMD reports wider H1 loss, but Kathmandu sales trends improve
Despite a tough first half, the parent of Kathmandu, Oboz and Rip Curl sees positive momentum in DTC growth and forward wholesale orders across its key outdoor labels.
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ArticleMips reports strong growth and sustainability gains in 2024
The helmet safety innovator released its 2024 Annual & Sustainability Report, revealing a standout year in both profit and environmental progress.
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ArticleIntersport Austria reports strong winter and growth throughout the year
The Austrian retail group reports a strong winter season with a 17 percent rise in ski rentals, robust growth in running and fitness and expanding year-round sports offerings.
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ArticleMerida reports loss on Specialized write down, but core business strengthens
Despite a major writedown on its Specialized investment, the Taiwanese bicycle manufacturer’s core business is growing.
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ArticleGiant Group faces inventory write-downs due to weak market conditions
The Taiwanese group faces a 7.4 percent sales decline and TWD1.9bn inventory loss but expects profit recovery in 2025 as demand for new products rises.
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ArticleSamsonite reports sales decline in 2024, aims for IPO in the US; Gregory sees slight growth
Samsonite reported a 6.5 percent decline in sales in 2024, but the outdoor division grew, indicating strong demand for high-quality outdoor equipment.
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ArticleSolo Brands faces uncertain future
The US outdoor lifestyle company faces financial uncertainty but outlines a turnaround plan, including cost cuts and pricing changes, as it seeks a return to profitability.
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ArticleTecnica Group reports stable financial results in 2024, with Lowa leading growth
Despite a 4% revenue dip, the Italian group reports solid 2024 results, with Lowa driving growth and a strategic push into digital and sustainability.
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ArticleClarus reports Q4 and FY24 results amid heavy impairment charges
Clarus reports a $65.5 million Q4 loss amid heavy impairments but sees growth in its outdoor segment while adventure sales struggle.
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ArticleRapala VMC makes progress stabilizing business in FY24
As the Finnish group prepares for a CEO transition, it reports mixed FY24 results, citing progress in efficiency and brand positioning.
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ArticleSolo Brands faces delisting from NYSE over low share price
The company risks delisting after its stock remains below $1.00 for 30 days, and it has six months to regain compliance.
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ArticleMixed results for CoDi’s outdoor business in Q4
Compass Diversified’s outdoor brands saw mixed Q4 results, with Boa and PrimaLoft growing while 5.11 and Velocity Outdoor struggled.
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ArticleRocky Brands projects modest 2025 growth after strong Q4
Rocky Brands is cautiously optimistic about the prospects for 2025 after posting better-than-expected sales in the fourth quarter of 2024 and seeing continued momentum at the start of 2025. Sales in the fourth quarter ended Dec. 31 increased by 1.7 percent to $128.1 million versus the year earlier, with growth ...
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ArticleAmer Sports sees 23% Q4 growth, strong Arc’teryx performance
CFO Andrew Page said a “financial turning point in Amer Sports’ journey” occurred in Q4 as the company reported strong Q4 and FY24 results that included strong free cash flow and a “continued transformation” of its capital structure.
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ArticleFirst phase of Wolverine’s turnaround is complete
The parent of Merrell sees progress in its turnaround plan, but retail challenges and tariffs loom.
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ArticleGarmin shares jump to all-time high after Q4 results exceed estimates
The Swiss company’s stock surged 27% as Q4 earnings beat forecasts, with strong growth in outdoor and fitness segments.
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ArticleYeti reports strong Q4 despite recall challenges
The US outdoor company navigated a competitive market and product recall costs to deliver strong financial results for Q4 and FY2024, with notable sales growth across key product categories and global markets.
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ArticleShimano reports sales decline and profit drop across all segments in 2024
The Japanese group – and the world’s leading bicycle component manufacturer – reports a 22% drop in 2024 operating income due to weak bike and fishing sales but forecasts growth in 2025.
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ArticleFenix Outdoor generates Q4 operating profit on lower sales
The group, with Swedish roots and based in Zug, Switzerland, navigates a challenging 2024 with mixed results, citing weather impacts and credit issues.
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ArticleThule to ratchet up product development, supply chain efficiency
The Sweden-based manufacturer of transportation, outdoor and camping gear boosts revenues and expands product lines, navigating market hurdles with strategic priorities for fiscal year 2025.
