Latest Financial News – Page 18
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ArticleVista Outdoor’s Q1 net income up 23%
Vista Outdoor, the group that has just acquired Fox Racing and Simms Fishing, saw its total net sales increase by 21.1 percent to $802.6 million for the first quarter of its fiscal year 2023, which ended on June 26, 2022. The increase was driven by strong double-digit growth in Sporting ...
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ArticleColumbia will lean on key markets for tempered FY22 sales growth
Simultaneously reporting results for its seasonally lowest volume quarter, Columbia Sportswear reduced its full-year sales and profit outlooks. The company is concerned about the current state of the consumer and potential retail order cancellations later this year. It cited deteriorating market conditions and the economic climate, particularly in the U.S., ...
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ArticleShimano sees strong demand for bikes in first half, fishing segment cooling down
Shimano reported a 22.4 percent increase in net income to 68,558 million Japanese yen (€491.6m) for the six months ended June 30. Operating income was 15.7 percent higher for the period at ¥80,909 million (580.2m) versus ¥69,922 million in the year-ago period. Pearl Izumi U.S. was excluded from the reported ...
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ArticleFrilufts drives Q2 growth at Fenix Outdoor as stores reopen
Fenix Outdoor International’s sales increased by one-third in the second quarter as the company’s outdoor retail segment (Frilufts Retail Europe) in Germany (Globetrotter retail chain) rebounded due to the reopening of stores following the Covid lockdowns. The company said sales for the three months to June 30 rose 29 percent ...
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ArticleMips withstands stock price decline with strong Q2 results
Thanks to continued strong sales in its Sport and Moto business units, helmet technology specialist Mips AB reported a 45.1 percent increase in sales in the second quarter of this year (and compared to April-June last year). The 206 million Swedish kronor (€19.77 million) earned also represents a new sales ...
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ArticleThule Group maintains Q2 gross margin on price hikes, efficiencies
Source: Thule Group Magnus Welander, President and CEO Thule Group was able to maintain its second-quarter gross margin rate at 42.2 percent year-on-year through price increases and efficiencies that helped offset negative margin impacts from higher raw material costs and freight prices coupled with unfavorable exchange rates. ...
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ArticleDometic sees organic sales slip 1% in Q2, unveils new efficiency measures
Dometic saw a 1 percent decline in organic sales in the second quarter of 2022 as Service and Aftermarkets sales slipped following a strong year-earlier performance and retailers globally rebalanced their inventory levels amid tougher market conditions. Acquisitions and foreign currency tailwinds nonetheless allowed the company to boost its top ...
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ArticleRapala VMC H1 results sink on market challenges
Rapala VMC suffered a 42 percent decline in comparable first-half operating profit to €15.5 million from €26.5 million as total revenues dipped by 7 percent to €148.4 million from €159.6 million. First-half net profit slid 52 percent to €8.7 million from €18.1 million. Period end inventories were up nearly 60 ...
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ArticleHelen of Troy’s outdoor business shows resilience in Q1
Outdoor-related products, including the recently acquired backpack manufacturer Osprey Packs, led sales gains in the Home & Outdoor segment of El Paso, Texas-based consumer goods group Helen of Troy in the first quarter ended May 31. Sales gains for the segment came despite a decline in the company’s overall top ...
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ArticleAnalysis: Outdoor industry stocks fell more than 21% in Q2
Outdoor industry stocks fared worse in the second quarter than in the first period of 2022, declining an average of 21.18 percent compared to a 17.84 percent sequential drop in the average stock prices of companies primarily involved in the outdoor and bicycle sectors. This time around, our quarterly analysis ...
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ArticleBicycle Stocks Q2 2022: Russia’s invasion causes market low
After the stock market booster called hope catapulted the OIC Bicycle Stock Chart 2021 to new heights and seemed to defy all realities, the high flight ended with Russia’s invasion of Ukraine. The chart of the first quarter of 2022 already showed a steep decline, which now also continued in the second quarter.
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ArticleIsbjörn reports consistent, sustainable growth
Swedish outdoor children’s apparel brand Isbjörn of Sweden has announced 20 percent year-over-year global growth through April 2022. Isbjörn was recently acquired by Online Brands Nordic AB, which will provide a solid financial backbone for further sustainable growth, and reported a healthy Ebitda of more than 11 percent. Isbjörn is ...
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ArticleMips presents new strategy and updated financial targets
At Capital Market Day 2022 in Stockholm on June 9, Swedish helmet technology and “Brain Protection System” (BPS) manufacturer Mips AB unveiled its new long-term strategy with updated financial targets and strategic priorities for the coming years. The reason for revising the company’s strategy and long-term financial targets is not ...
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ArticleSSU’s sales bolstered by acquisitions
Signa Sports United (SSU), battling worsening consumer sentiment in Europe and persistent bike/e-bike shortages as headwinds, expanded second-quarter revenues by 47.5 percent to €269.0 million from €182.0 million. The increases were aided by including results from its recent WiggleCRC and Tennis Express acquisitions (closed on Dec. 14 and Dec. ...
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ArticleUSWE sales up 88% in 2021, Q4 hit by geopolitical situation
Swedish company USWE Sports AB, which was founded in 2007 and went public on the Nasdaq First North Growth Market in June 2021, said in its delayed report for Q4, which ended March 31, that, as before, the quarter was marked by problems related to the latest lockdown in China, ...
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ArticleIcebug promotes sustainable lifestyle as annual sales, profits rise
Icebug AB, the wholly-owned subsidiary of Sweden’s GtoG AB, generated a 37.8 percent increase in annual net profit to 22.83 million Swedish kronor (€2.18m) for the 12 months ended Feb. 28 compared to SEK 16.6 million in the prior year. The financial year profit margin was 9.9 percent as total ...
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ArticleThe North Face helps drive Q4 revenue rise, but Vans hit by China lockdowns
VF Corp reported a revenue increase of 9 percent to $2.8 billion (€2.65bn) in the fourth quarter of 2022, driven by The North Face (TNF), although sales at Vans were flat during the period. Sales were boosted by a 15 percent increase in the EMEA region and 12 percent in ...
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ArticleLowa reports top sales figures for 2021
Source: Lowa Alexander Nicolai, CEO Lowa The German mountain, outdoor and everyday footwear manufacturer Lowa has ended 2021 with peak figures for both the number of pairs of shoes sold and revenue, thanks to the ongoing outdoor boom. Sales climbed from 2.49 million pairs in 2020 to ...
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ArticleContinued growth for Online Brands Nordic
Despite “complex comparative figures from the first quarter of 2021,” Online Brands Nordic reports that it has started the year strongly and continues to grow. Regarding Russia’s invasion of Ukraine, Online Brands has no customers or suppliers in the affected area, so the war had no impact on the direct ...
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ArticleGiant Group reports another sales record in Q1
For the first quarter of fiscal 2022, Taiwan’s leading bicycle manufacturer Giant Manufacturing Company Limited (Giant Group) reported a new historical quarterly record. E-bikes accounted for 26 percent of group sales. At 22.26 billion Taiwan dollars (€709.67 million), this year’s quarterly sales increased 8 percent compared to the first three ...
