Latest Financial News – Page 35
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ArticleHeiQ and Polygiene help defeat coronavirus
HeiQ draws attention to the fact that its Viroblock NPJ03, an antiviral and antimicrobial textile treatment, has been tested effective against coronavirus in face-mask testing, reducing virus infectivity by more than 99.99 percent. The treatment could therefore prevent textiles from becoming a host surface for the propagation of harmful viruses ...
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ArticleLenzing focuses on specialty fibers to achieve sustainable growth
Due to a “historically difficult” market environment in 2019, Lenzing posted lower revenues and earnings for 2019. Sales reached €2,110 million, down by 3.3 from the previous year, hampered by lower selling prices and standard fiber volumes, the company said. The Ebitda margin narrowed by 2.1 percentage points to 15.5 ...
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ArticleClarus buys a case maker, after making further progress
Clarus Corporation, the parent company of Black Diamond, Sierra Bullets and SKINourishment, continues to make acqusitions in adjacent sectors. It has announced the takeover of SKB Corporation, a leading U.S. producer of protective cases. The purchase price of around $96 million will consist of $85 million in cash and 1,153,846 ...
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ArticleGrowing Hoka One One moves into apparel
Hoka One One, the fast-growing running footwear label of Deckers Brands, is launching its first apparel line for runners, walkers, fitness enthusiasts and outdoor adventurers. For the moment, the 27-piece collection for men and women will only be available online at the brand’s American website, hokaoneone.com. Twenty items are also ...
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ArticleA year of restructuring for Lafuma ahead of divestitures
(SGI+) Groupe Lafuma made efforts in 2019 to adapt to structural changes in its markets and in customer consumption patterns, with a decline in physical store traffic and an increase in online activity. The management said consumers now have higher requirements in terms of sales channels, innovation, quality, sustainability, proximity ...
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American Outdoor Brands lowers guidance on coronavirus fears
American Outdoor Brands’ shares plunged by 30 percent after it sharply lowered its guidance for the current financial year, owing to the negative effects of the coronavirus outbreak. The parent company of Smith & Wesson and other operations now expects sales to stand between $650 and $660 million, down from ...
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ArticlePrimaloft will make more noise
(SGI) No figures are available, but Primaloft is said to have become very profitable after growing for a while at a double-digit rate every year. Some of the profits are going to be reinvested in consumer-oriented advertising to build up brand awareness, probably starting with the autumn/winter 2021 season, to ...
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ArticleRocky Brands’ momentum continues
After several quarters of good results, Rocky Brands ended the year on a high, scoring a net income increase of 41.0 percent for the fourth quarter to $5.1 million, on revenues that went up by 12.1 percent to $75.3 million, both exceeding analysts’ forecasts. The management attributed the significant improvement ...
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ArticleVista Outdoor may be turning the corner
Vista Outdoor has reported a 4 percent increase to $45.1 million for Camelbak and Camp Chef in its third quarter ended on Dec. 29, thanks to good sales during the Christmas shopping period. The launch of 16 new websites for these and other brands in its Outdoor Products division, including ...
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ArticleYeti’s multi-channel efforts paid off in 2019
The American Yeti continued to grow strongly last year. In the fourth quarter, the American supplier of coolers, drinkware and other outdoor equipment recorded a 23 percent gain in revenues to $297.6 million, driven by strong growth in direct-to-consumer (DTC) sales, which increased by 35 percent to $149.0 million. Wholesale ...
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ArticleDisappointing end of the year for Fenix
Blaming unfavorable weather, product recalls and ongoing challenges in IT, the Fenix Outdoor International group, whose holdings include the Globetrotter chain and the Fjällräven brand, posted weak results for the fourth quarter of 2019.
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ArticleChemicals and coronavirus weigh on Wolverine’s results
The group’s two biggest footwear brands, Merrell and Sperry, helped Wolverine World Wide finish the last year on a high in terms of revenues, with both of them scoring growth in the mid-teens for the fourth quarter ended on Dec. 28. The company also benefited from an acceleration in direct-to-consumer ...
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ArticleDecathlon grows by 9.2% in 2019
(SGI) Decathlon has reported a sales increase of 9.2 percent to €12.4 billion (before sales taxes) in 2019, with a gain of 9.1 percent in local currencies and including growth of 3 percent to €3.3 billion in the domestic French market.
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ArticleOutdoor and Fitness are Garmin’s power engines
Garmin’s revenues jumped by 18 percent to $1,102 million in the fourth quarter, once again lifted by fitness and outdoor products. Net earnings soared by 90 percent to $360.8 million.
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ArticleGoPro ends the year on a high
(SGI) The battered American brand of action cameras benefited from production delays in the third quarter, which pushed deliveries of GoPro’s new Hero8 cameras into the fourth quarter, leading the company to record strong results for the three months to Dec.31. Revenues soared by 40 percent to $528.3 million during ...
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ArticleUvex partners with fall sensor startup, increases turnover in 2018/19
(SGI+) The German helmet and eyewear specialist Uvex is starting to distribute the eponymous sensor system of Tocsen, a start-up in Freiburg, Germany. Tocsen consists of a fall sensor and app to detect when a helmet wearer crashes. It checks the state of the fallen skier, snowboarder or cyclist, routes ...
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Columbia’s sales growth is softening
The management of Columbia Sportswear is projecting an increase of 4.5 to 6.0 percent in its total sales this year, with an operating margin of 12.6 to 12.8 percent.
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ArticleJohnson Outdoors’ profits up 83%
(SGI) Johnson Outdoors recorded strong gains in revenues and profits in all its divisions except Watercrafts for its first fiscal quarter, ended on Dec. 27, 2019. The company’s net income jumped by a staggering 83 percent from the year-ago period to $6.4 million.
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VF lowers its outlook
(SGI) In releasing its results for its third quarter ended on Dec. 28 on Thursday, VF Corporation said its business so far this year has performed at the high end of its group’s long-term growth objectives, but the management admitted that it will not be able to meet the targets ...
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Hydro Flask is once again Helen of Troy’s shining star
Lifted by Hydro Flask, sales at Helen of Troy’s Housewares segment jumped by 28.5 percent to $183.2 million in the fiscal third quarter ended on Nov. 30. The better-than-expected results led the group to lift its guidance for the year.
