Latest Financial Results – Page 29
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ArticleGregory dropped by 13% in Q3, in group that fell by 65%
Gregory’s sales declined by 13.0 percent to $15.9 million in the third quarter. They again outperformed the results of Samsonite International’s less functional brand of backpacks, High Sierra, which plunged down by 70.2 percent to $4.5 million. Across all the numerous brands of Samsonite, sales went down by 74.6 percent ...
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ArticleBlack Diamond sales improve but remain below last year
Clarus Corp reported third-quarter sales for Black Diamond (BD), the group’s biggest brand, that bounced back from the second quarter, when revenues were hit by store closures in Europe and America. However, BD still posted an 8 percent decline in revenues compared with the third quarter of 2019, primarily due ...
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ArticleJack Wolfskin’s owner Callaway up on golf momentum
Callaway Golf Co. saw sales for the third quarter rise by 12 percent to $475.5 million, thanks to the rising popularity of golf after lockdowns ended, as the sport can be practiced while respecting social distancing guidelines. The golf equipment segment’s sales soared by 27 percent from the year-ago quarter ...
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ArticleCraft's parent can feel the pandemic, recovers a bit in Q3
The New Wave Group, the Swedish company behind Craft, said actions to prioritize costs, earnings and cash flow bore fruits in the third quarter. The operating margin gained 4.3 percentage points to 12.0 percent due to these efforts. It was only the second time in the company’s history that it ...
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ArticleGoPro's DTC approach drives profits
The American action camera specialist managed to post a profit for the third quarter thanks to a more intense direct-to-consumer (DTC) approach and strong sales of new products, which helped boost total revenues by 114 percent to $280.51 million. Analysts expected revenues of $234.5 million. GoPro’s net income for the ...
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ArticleVista Outdoor’s shares soar on good results and upbeat guidance
Vista Outdoor, which includes brands such as Bell, Giro, Camelbak, Camp Chef and Bushnell Golf, saw its stock rise by 8 percent after posting strong results for the second fiscal quarter ended Sep. 27. It also released a positive outlook for the next quarter. Sales surged by 29 percent to ...
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ArticleCanadian Tire’s retail business grows in Q3 thanks to online, Helly Hansen recovers
Sales of Helly Hansen, the Norwegian manufacturer of outdoor apparel and workwear, which has been owned by Canadian Tire since 2018, decreased in Q3 by 3 percent from 159.5 million to 155.4 million Canadian dollars, a strong sequential improvement after the 21 percent decline in the second quarter. At constant ...
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ArticleYeti sees strong Q3
Yeti, the American brand of coolers and drinkware and other outdoor equipment, recorded a 29 percent gain in revenues to $294.6 million, driven by strong growth in direct-to-consumer (DTC) sales, which increased by 62 percent to $150.4 million. This was led by both Coolers & Equipment and Drinkware, as the ...
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ArticleWolverine's revenues decline but exceed expectations
Although they were down on last year’s third quarter, Wolverine Worldwide posted better-than-expected sales in the three months to Sept.26, led by double-digit growth from Saucony and Chaco. The impact of coronavirus-related restrictive measures on retail was partly offset by a growth of 56.4 percent in the group’s own e-commerce ...
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ArticleColumbia posts lower sales and earnings
After a difficult first half of 2020 due to the impact of the pandemic, Columbia Sportswear Company performed better in the third quarter, but results remain far below those of last year. Its net income tumbled by 47 percent from the year-ago quarter to $62.8 million, while sales dropped by ...
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ArticleHoka One One helps Deckers Brands grow in Q2
Deckers Brands showed growth in its second financial quarter ending June 30, mainly due to the very good results of Hoka One One. Despite headwinds from Covid-19, the group’s sales progressed by 15.0 percent from the same period last year to reach a new quarterly record of $623.5 million, ...
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ArticleBike boom boosts Shimano's earnings
Shimano’s sales for the first nine months of the year were down by 2.0 percent from the year-ago period to 264,174 million yen (€2.16bn-$2.53bn), hampered by lockdowns around the world in response to Covid-19. However, sales started to improve during the second quarter due to the soaring popularity of cycling ...
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ArticleMixed results for Fenix
Fenix Outdoor International posted lower sales for its third quarter but managed to keep expenses under control. The management said the emergency plan implemented in the first quarter bore fruit, keeping costs and expenses at a manageable level. The company has, wherever possible, renegotiated the rent at relevant brick-and-mortar stores ...
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ArticleOutdoor, marine and fitness drive record Q3 for Garmin
Garmin has reported record third-quarter earnings of $313.4 million, thanks to robust growth in demand for its marine, fitness and outdoor products. The Swiss-based company, which also makes equipment for the aviation and automotive industries, reported net sales of $1.11 billion for the 13 weeks to Sept. 26. This compares ...
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ArticleUnifi reports improved demand in Q1 as recycled fibers find favor
Recycled and synthetic textiles maker Unifi has reported better-than-expected results in the first quarter of fiscal 2021 driven by strong performances from its Brazilian and Asian operations and noted growing demand for its Repreve recycled fiber. The company said net income for the three months to Sept. 27 was $3.4 ...
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ArticleSurge in healthcare sales during pandemic boosts 3M results
A surge in demand for healthcare and home improvement products has helped the consumer conglomerate 3M post better-than-expected third-quarter earnings, as hospitals stock up on protective equipment and workers forced to stay at home buy more DIY materials. Total sales rose 4.5 percent to $8.35 billion, above a consensus of ...
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ArticleThule posts strong results
The third quarter was a good one for Thule Group, the Swedish company best known for its roof boxes and bike racks. It saw its net income soar by 148.6 percent from the year-ago quarter to 449 million Swedish kronor (€43.3m-$51.3m), while revenues jumped by 44.9 percent to SEK 2,043 ...
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ArticleMoncler reports a 14% drop in Q3
The decline in Moncler’s revenues slowed down in the third quarter to a rate of 15 percent, or 14 percent in local currencies, falling to a level of €361.8 million. The management reported high and constantly improving growth in China. Without providing the details, the management said that other markets ...
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ArticleKathmandu benefits from Rip Curl and online; publishes sustainability report
It was the acquisition of Rip Curl that helped Kathmandu Holdings to raise its total sales by 48.7 percent to 801.5 million New Zealand dollars in the “transformational” financial year ended on July 30, with the action sports brand contributing sales of NZ$ 315.7 million (€178.2m-$210.6m) in the first nine ...
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ArticleClarus expects lower sales for Black Diamond
While releasing preliminary results for the third quarter, Clarus Corp said it expects another quarter of declining sales for Black Diamond (BD), the group’s biggest brand. After recording a 47 percent drop in the second quarter, hit by store closures in Europe and America, BD will post a 10 percent ...
