Latest Financial Results – Page 30
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ArticleMammut’s results beat expectations
In a business update, Conzzeta Group, the parent company of Mammut Sports Group, said revenues from the Outdoor segment, which only consists of Mammut, declined in the first nine months by 20.0 percent in reported terms to CHF 149.4 million (€139.3m-$163.2m), or by 17.5 percent in constant currencies and on ...
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ArticleVF back to profits
After recording a loss and steep declines in revenues during its first fiscal quarter, VF Corp. bounced back in the second quarter, ended on Sept. 26, with a smaller decline in sales and a return to profits. The management said that year-to-date results have surpassed its expectations across all brands, ...
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ArticleHydro Flask bounces back in Q2
Helen of Troy’s houseware segment, which includes drinkware brand Hydro Flask, returned to growth in the second fiscal quarter ended on Aug. 31, after a difficult spring due to the pandemic. Sales in the segment soared by 20.2 percent from the year-ago quarter to $201.9 million, as more people returned ...
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ArticleKathmandu’s revenues soar thanks to Rip Curl’s acquisition
Kathmandu Holdings scored record sales for its financial year ended on July 31 2020, boosted by the acquisition of Rip Curl during the period. The group’s revenues soared by 48.7 percent to 801.5 million New Zealand dollars (€451.6m-$526.8m), with Rip Curl accounting for 40 percent of the total turnover, but ...
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ArticleFischer lays off 150 workers
Like Rossignol, which has just announced the elimination of 95 jobs, Fischer Sports has decided to lay off 150 workers at its Ukrainian ski factory following a drop of about 25 percent in pre-orders for the coming autumn/winter season. However, the management is cautiously optimistic about the near-term future, considering ...
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ArticleApex widens losses
Impairment charges of close to $10 million mostly related to the impact of the Covid-19 pandemic weighed on the profits of Apex Global Brands, previously called Cherokee Global Brands. Net loss for the parent company of Hi-Tec, Magnum, and Tony Hawk expanded by 5 percent to $1.3 million for its ...
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ArticleTriple-digit growth in Zumiez' profits
Zumiez, the American action sports retailer that owns Blue Tomato in Europe and Fast Times in Australia, bounced back in the second fiscal quarter ended on Aug.1, after a difficult start of the year due to retail lockdowns. Its net income soared by 181 percent to $25.4 million, on revenues ...
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ArticleJD Sports Fashion outdoor unit narrows losses
JD Sports Fashion reported narrowed interim losses at its outdoor division and was upbeat on future prospects as it pinned hopes on more people taking domestic holidays in the wake of the Covid-19 pandemic. Operating losses closed slightly to £14 million (€15.5m-$18.3m) from £16.4 million in 2019. Sales at the ...
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ArticleAntiviral technology helps Polygiene to thrive during pandemic
Polygiene is at the center of media attention since it launched ViralOff, a fabric treatment with antiviral properties, in April. In the context of Covid-19 outbreak, demand for the garment has soared, and the group expanded its scope from initially treating protective clothing, face masks and other hospital products to ...
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ArticleAnta switches to new DTC business model in China
The pandemic has been a catalyst for change across many companies this year, including at Anta Sports Products. It has decided to do away with the wholesale model that it employed for 20 years in 11 major provinces. Instead, the Chinese sports group will switch to a new business model ...
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ArticleGregory and High Sierra could not resist the pandemic
Like the rest of the big Samsonite luggage group, its two outdoor backpack brands, Gregory and High Sierra, suffered sales declines in the first half, to June 30 because of the Covid-19 pandemic. Gregory, which has been generally outperforming the rest of the group, posted a drop of 30.8 percent ...
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ArticleCurrency headwinds weigh on Helly Hansen’s results
Helly Hansen’s revenues for the second quarter fell by 21.0 percent to 68.9 million Canadian dollars (€44.1m-$52.1m), weighed down by store closures and foreign-currency-headwinds. In constant currencies, they fell by 12.6 percent. Most wholesale customers were closed across the globe in the quarter, as were distribution centers and retail stores. ...
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ArticleCanada Goose to cut production as Covid-19 hits Q1 sales
Canada Goose is cutting production and opening fewer stores as the coronavirus pandemic hit its sales, causing first-quarter net losses to almost double to 50.1 million Canadian dollars (€32.0m-$37.7m) from Can$ 29.4 million a year earlier. On adjusted basis, excluding restructuring charges, the net loss amounted to Can$ 38.4 million ...
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ArticleSluggish sales for Black Diamond
A weak performance from Black Diamond, Clarus Corp’s biggest brand, pushed the group’s sales for the second quarter down by 36 percent to $30.0 million. The parent company of BD, Pieps and Sierra Bullets saw its net loss widen to $2.7 million, from $0.7 million for the same three months ...
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ArticleGoPro widens losses
Sales for the U.S. action camera brand tumbled by 54.1 percent in the second quarter to $134.2 million, while the gross margin contracted by 4.6 percentage points to 30.3 percent. Adjusted Ebitda was negative $22 million, compared to $14 million in the same period a year ago. The company’s net ...
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Moody’s and S&P forecast 15% sales decline at Amer Sports
In a new report, rating agencies Moody’s and S&P reveal that Amer Sports’ revenues fell by 36 percent in the second quarter and by 22 percent in the first half, hampered by the impact of the pandemic. Ebitda was a loss of €26 million for the first half, against a ...
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ArticleDirect sales lifts Yeti’s results
Yeti, the American brand of coolers and drinkware and other outdoor equipment, recorded a 7 percent gain in revenues to $246.9 million, driven by strong growth in direct-to-consumer (DTC) sales, which increased by 61 percent to $133.0 million. This was driven by both Coolers & Equipment and Drinkware, due to ...
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ArticleVista Outdoor benefits from resurgence in outdoor recreation activities
The Outdoor Products division of Vista Outdoor, which includes brands such as Bell, Giro, Camelbak, Camp Chef and Bushnell Golf, recorded a 4 percent drop in sales to $145.0 million in the first fiscal quarter ended on June 28, largely due to restrictions related to the Covid-19 outbreak. These restrictions ...
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ArticleCallaway’s profit plunge due to Jack Wolfskin writedown
Callaway Golf Co. ended the second quarter in the red due to a $174 million impairment charge related to the Jack Wolfskin goodwill and trade name. It posted a net loss of $167. 7 million, versus net income of $28.9 million for the year-ago quarter. The management said the charge ...
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ArticleMammut struggles amid restructuring
Revenues for the Mammut Sports Group declined by 31.4 percent to 80.9 million swiss francs (€74.9m-$88.6m) in the first half of 2020, including a drop of 29.1 percent in comparable sales. The operating loss widened to CHF 23.3 million (€21.5m-$25.5m), down from an operating loss of CHF 5.3 million for ...
