Latest Financial News – Page 5
-
ArticleFox Factory sales down, SSG sales increase mainly due to Marucci takeover
The suspension specialist’s Q2 results showed a 13% sales drop, driven by double-digit declines in PVG and AAG sales. However, SSG saw a 17.8% increase, mainly due to the Marucci Sports acquisition and a 52% rise in bicycle brand sales compared to Q1.
-
ArticleClarus Q2 results hurt by weakness in EU wholesale, American consumer demand
The owner of Black Diamond and Pieps continued improvements in its Outdoor segment during the second phase of its three-year strategic plan despite facing challenges in North American consumer demand and European wholesale markets.
-
ArticleCanada Goose: 4% sales growth in Q1 thanks to Asia-Pacific
Despite a challenging Q1 with a decline in wholesale, the company achieved overall sales growth of 4%, driven by strong demand in the Asia-Pacific region for its SS24 collection.
-
ArticleCoDi with strong growth in Boa and PrimaLoft sales amid inventory recovery
Compass Diversified’s branded consumer brands saw significant revenue growth in Q2, driven by destocking recovery and strong European performance, despite setbacks from the Crosman airgun company divestiture in April.
-
ArticleGarmin adjusts FY guidance
Sales in the Outdoor segment fell by almost 2 percent due to lower sales of its adventure watches, but Garmin still achieved overall operating income growth of 20 percent with a 14 percent total revenue expansion.
-
ArticleBicycle sales slump in Europe weighs on Shimano’s overall business
Announcing a 17.6% drop in total net sales in H1 2024, the world’s leading manufacturer of bicycle components blames macroeconomic turbulences in geopolitically tense times.
-
ArticleNewell Brands eyes sequential improvement in H2
Newell Brands confirmed that its Outdoor & Recreation business, including the brands Marmot, Coleman, Contigo and Campingaz, remains its weakest operating segment and is forecasting improving H2 trends for the unit. “The Outdoor & Rec business is the segment that requires the most amount of turnaround at this point,” ...
-
ArticleHoka and Ugg with strong performance in Q1, Deckers CEO retires
A 30 percent increase in revenue at Hoka and strong DTC sales are largely responsible for a strong first quarter at Deckers Brands.
-
ArticleColumbia’s brand awareness rises in Europe despite Q2 loss
While performing better in important overseas markets than in North America, Columbia Sportswear maintains its full-year guidance despite a weak second quarter.
-
ArticleRapala VMC feels market improvement but sees potential troubles ahead
Rapala VMC, despite experiencing favorable market conditions during H1, including improved retail activity, is expressing some worry about the upcoming winter season.
-
ArticlePolygiene making progress on turnaround
Polygiene turned an operating profit of 2.6 million Swedish kronor (€222,800) against a loss of SEK 4.0 million (€342,700) in Q2 ended June 30, as cost-cutting measures and strategic changes made last year began to take effect. The Swedish group’s quarterly revenues rose by 43 percent to SEK 36.4 million ...
-
ArticleFenix Outdoor’s capital, inventory advances unable to offset market malaise
Outdoor market problems, including high retail inventory levels and impactful weather conditions, continue to impact progress at Fenix Outdoor despite the company’s liquidity and inventory level improvements. Group Executive Chairman Martin Nordin attributed the current outdoor market conditions to a consumer shift to less expensive products and possibly a post-Covid ...
-
ArticleCSG increases purchase price for The Kinetic Group to $2.15bn
CSG increased the base purchase price for acquiring The Kinetic Group business by $50 million to $2.15 billion, while Vista Outdoor reaffirms its FY25 outlook and reports preliminary Q1 results.
-
ArticleMips sales bounce back to double-digit growth
In the second quarter of 2024, Mips AB generated net sales of 133 million Swedish kroner (€11.54m). According to the company, the sales growth of 30.4 percent compared to Q2 2023 can primarily be attributed to a normalizing inventory situation in the sports category.
-
ArticleThule Group operating income rises 3% in Q2
Thule Group AB, despite a promotional North American market and lower RV products across Europe and Rest of World, reported a 3 percent gain in operating income to 732 million Swedish kroner (€63.3m) for the quarter ended June 30. Net income increased by 3.7 percent to SEK 559 million (€48.4m) ...
-
ArticleOutdoor slowdown impacts Helen of Troy results
Helen of Troy experienced a 520-basis point decline in Q1 adjusted operating margin for its Home & Outdoor segment to 10.6 percent from 15.8 percent for the period ended May 31.
-
ArticleNaturkompaniet’s turnover increased to €75m in 2023
Naturkompaniet’s turnover in Sweden increased by 34 million Swedish kronor in 2023, reaching SEK 854 million (€75.4m) compared to SEK 820 million (€72.4m) the year before. The Outdoor Industry Compass spoke with CEO Henrik Hoffman about the latest numbers.
-
ArticleKathmandu struggles while Oboz and Rip Curl show growth
KMD Brands’ Kathmandu segment has had a challenging fiscal year, with a significant 21.8 percent year-over-year sales decline through May 31, marking a slow start to the crucial winter promotional period. Overall sales in the first three weeks of this key period are down by 11.5 percent, leading the company ...
-
ArticlePierer Mobility reports strong Q2, announces realignment of the bicycle division
Pierer Mobility AG released its financial results for the second quarter of 2024, highlighting continued growth across key financial metrics. The company also announced a significant strategic realignment of its bicycle division, reflecting its commitment to streamlining operations and enhancing profitability in the competitive e-mobility market Key financial highlights of ...
-
ArticleSurprise drop in FY23 sales at Rotor
Rotor, the Spanish producer of bicycle components, had projected record sales for the full year 2023 but has ended up posting a 20 percent decline in revenues to €17.5 million, according to CMDsport. The company is now projecting a reversal of the reversal for the current year, hoping to achieve ...
