Latest Financial News – Page 25
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ArticleAnta’s profits more than double in H1, Amer bounces back
Anta Sports Products saw revenues jump by 55.5 percent to 22,812 million yuan renminbi (€2,999m-$3,524m) in the six months ended June 30, supported by strong growth in all brands and benefiting from the easing of Covid-19 restrictions. In addition to a surge in demand related to the Xinjiang issues, e-commerce ...
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ArticleRevolutionRace races ahead in first financial report post-listing
RevolutionRace, the Swedish DTC outdoor company fresh from a June listing on Nasdaq Stockholm, saw sales in the fourth quarter of its fiscal year surge by 152 percent to 273.7 million Swedish kronor (€26.8m-$31.3m), led by 296 percent growth on the German market and with double or triple-digit growth in ...
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ArticleSports and leisure segment boosts New Wave sales in Q2
Sweden’s New Wave Group, which owns brands like Craft and Cutter & Back, saw total sales in the second quarter ended June 30 rise by 13 percent as compared to the year earlier to 1,487 million Swedish kronor (€145.7m-$171.1m), led by a 70 percent increase in its Sports & Leisure ...
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ArticleLeatt continues on record track in 2021
In the second quarter of fiscal 2021, publicly traded South African protective equipment manufacturer Leatt Corporation, which trades over-the-counter in the U.S., has set more records: Sales increased by a whopping 106 percent to $14.3 million compared to the same period of the previous year. Income from operations grew by ...
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ArticleBike24 reports 44 percent revenue growth in H1 2021
German Bike24 Holding AG, the e-commerce retailer for cycling, running and swimming sports that has been publicly listed since June, reported sales of €127.4 million in the first half of 2021. Compared to H1 of the previous year, this is an increase of 44 percent. At the same time, the ...
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ArticleCanada Goose sees sales double in Q1
Canada Goose said it is on track to meet its target for 2022 revenues of over 1 billion Canadian dollars (€681.0m-$799.1m), as sales in the fiscal first quarter ended June 30 doubled to CA$56.3 million (€38.3m-$45.0m) from CA$26.1 million the year earlier amid significant growth in all geographic regions. DTC ...
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ArticleTopgolf and golf boost Callaway, outdoor shows resilience
Callaway Golf’s revenues increased 208 percent to $914 million in the second quarter ended June 30, thanks in part to the first-time inclusion of Topgolf, which is now the group’s third operating segment along with golf equipment and soft goods and whose sales nearly doubled, compared to the prior year, ...
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ArticleIncreased demand helps Johnson Outdoors reel in higher sales, profits
Johnson Outdoors reported a rise in third-quarter sales and profits driven by a continued recovery in fishing, camping and water recreation. At the same time, diving also showed signs of a turnaround as Covid-19 travel restrictions were further eased. Total company net sales for the three months to July 2 ...
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ArticleGoPro posts 86% revenue growth in Q2
GoPro saw revenues increase by 86 percent to $250 million in the second quarter ended June 30, up from $134 million in the second quarter of 2020. The number of GoPro subscribers jumped by 211 percent to 1,160,000, and the company expects to exceed 1.7 million subscribers by the end ...
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ArticleWeyco sees potential in Forsake, benefits from renewed dress shoe demand
Glendale, Wisconsin-based Weyco Group reported net sales of $57.6 million in the group’s second quarter of 2020, which ended June 30, compared with $16.6 million a year earlier, when sales were severely impacted by the pandemic outbreak. Sales were down about 5 percent from the second quarter of 2019, with ...
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ArticleDorel posts ninth consecutive quarter of sales growth despite supply chain problems
Canadian conglomerate Dorel Industries Inc. continues to ride the wave of success, not only but mainly due to best results of its bicycle products-selling Sports Division and its Juvenile Division. In the second quarter of the current fiscal year 2021, the group increased its sales by 5.7 percent to $764.99 ...
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ArticleGiant with strong H1 figures, production to be expanded with factory in Vietnam
Despite supply bottlenecks, container shortages and unfavorable exchange rates, Taiwan’s leading bicycle manufacturer Giant Group reported total consolidated sales of 41.99 billion Taiwan dollars (€1.28bn-$1.51bn) in the first half of fiscal 2021, thanks to unabated demand. Compared to the first six months of the previous year, this is an increase ...
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ArticleFourth consecutive record quarter for Fox Factory
U.S.-based suspension specialist Fox Factory Holding Corp. posted significant gains in both revenue and profit in the second quarter of fiscal 2021 compared to the same quarter last year. In addition, this year’s second quarter was not only the company’s fourth consecutive record quarter, but also surpassed the $1 billion ...
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ArticleYeti raises FY outlook as Q2 sales grow 45%
Yeti, the U.S. producer of coolers, drinkware and other outdoor gear, saw second-quarter sales rise by 45 percent to $357.7 million. DTC sales increased by 48 percent to $196.9 million and represented 55 percent of the sales pie, up from 54 percent the year earlier. Wholesale sales increased by 41 ...
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ArticleNew acquisitions help Rocky Brands stride forward in Q2
Rocky Brands reported a 60 percent rise in second-quarter earnings as incremental sales from Muck Boot, XTRATUF, Servus, Neo and Ranger brands acquired from Honeywell in March made a healthy contribution to revenues. Net income rose to $3.89 million from $2.44 million in the three months to June 30 as ...
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ArticleColumbia lifts guidance after strong Q2, but CEO attacks freight “monopoly”
Columbia Sportswear swung to a second-quarter profit and raised its full-year 2021 forecasts but warned that “escalating” ocean-freight prices and ongoing port congestions were dragging on the annual outlook. The outdoor gear producer reported net income of $40.6 million for the three months to June 30, compared with a loss ...
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ArticleClarus raises guidance as Q2 sales growth accelerates
Clarus Corp., the Utah-based parent company of Black Diamond and Pieps, saw its sales growth accelerate in the second quarter of 2021, with its top line increasing by 144 percent from the year earlier, when the impact of the Covid-19 pandemic was at a peak, reaching $73 million. Favorable consumer ...
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ArticleAfter strong Q2, Wolverine again raises full-year outlook
Wolverine Worldwide raised its guidance for the full year for the second time after achieving strong results in the second quarter ended July 3, led by the record quarterly sales performance by its two largest brands, Merrell and Saucony, on which the group has been investing more than on the ...
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ArticleCoDi sees “explosive” growth at Boa Technology
Compass Diversified (CoDi) highlighted the “explosive” growth of the recently acquired Boa Technology in its second quarter ended June 30, cautioning that the brand’s expansion is likely to slow in the second half of the year. Boa, which owns the Boa Fit System for shoe fastening, was acquired by CoDi ...
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ArticleVF raises FY guidance as Q1 sales and profits beat estimates
VF Corp lifted its annual guidance after posting better-than-expected earnings and sales in its first quarter ended June 30 as retail demand for the company’s top brands continued to recover from the impact of the Covid-19 pandemic. Revenue for the three months more than doubled to $2,194 million, compared with ...
