Latest Financial Results – Page 31
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ArticleWolverine’s online sales jump by 96%
Wolverine Worldwide posted better-than-expected sales in the second quarter, as the impact of the coronavirus-related retail lockdown was partly offset by a growth of 96 percent in the group’s own e-commerce operations, representing more than 40 percent of revenues during the period. Merrell, Saucony and work footwear brands like Wolverine ...
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ArticleLenzing's H1 sales collapse due to Covid-19
Lenzing, the Austrian fiber specialist, recorded a significant drop in sales for the first half of fiscal 2020. Since fiber prices came under intense pressure due to the Covid-19 crisis and demand for textile fibers dropped significantly in recent months, sales declined by 25.6 percent to €810.2m. A slightly higher ...
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ArticleNewell sales drop by 20%
Currency headwinds and the effects of the Covid-19 pandemic caused Newell Brands’ revenues for the second quarter to drop by 14.9 percent to $2.1 billion. The gross margin contracted by 3.4 percentage points to 31.5 percent due to measures to reduce debt, currency fluctuations and unfavorable mix. During the period, ...
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ArticleJohnson Outdoors tries to keep up with post-lockdown demand
Strong Fishing, Watercraft Recreation and Camping sales after the lockdowns were eased in May and June were not enough to counter the effect of store closures in April. However, the management said that demand has now picked up and the challenge is keeping pace with it, with a focus on ...
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ArticleVF expects improvement despite difficult Q1
Despite posting steep declines in revenues and earnings for its first quarter ended on June 30, the management of VF Corp. insisted that the company is in a strong position to get through the coronavirus pandemic because of its “financial and operational rigor” and the progress it has made in ...
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ArticleHoka’s momentum saves Deckers’ quarter
Despite headwinds from Covid-19, and a 10 percent decline for Ugg, robust sales at Hoka One One helped Deckers Brands grow in its first fiscal quarter ended on June 30. They progressed by 2.3 percent from the same period last year to $283.2 million, or by 2.8 percent in constant ...
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ArticleColumbia ends Q2 with loss
After a difficult first quarter to 2020 because of the Covid-19 pandemic, Columbia Sportswear Company is not having more luck in the second one. It has posted a net loss of $50.7 million, compared with net income of $23.0 million for the year-ago quarter, while sales dropped by 40 percent ...
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ArticleLafuma Group hit by Covid-19 amid restructuring
Groupe Lafuma said the company was “shaken” by the Covid-19 pandemic in mid-March during a period of structuring its brand portfolio and activities. It has made efforts in the past months to adapt to structural changes in its markets and in customer consumption patterns, including investments to improve the customers’ ...
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ArticleFenix’s recovery driven by Europe
After a difficult first quarter due to Covid-19 restrictions, Fenix Outdoor International started seeing a small retail recovery in April with strong increases in online sales, making up for some lost sales in brick-and-mortar stores. In May and June, the improvement continued and was also supported by improved physical stores’ ...
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ArticleThule gets sales rebound late in the quarter
Thule Group, the Swedish company best known for its roof boxes and bike racks, but also selling strollers, luggage and roof tents, saw its net income for the second quarter drop by 25.6 percent from the year-ago quarter to 312 million Swedish kronor (€30.5m-$34.8 m), while revenues went down by ...
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ArticleXXL is back on track
(SGI) After many quarters stuck in a downward spiral, XXL ASA, the leading Nordic sports retailer, has been taking drastic steps to turn the business around such as cutting costs, clearing inventory and searching for new “sustainable” sources of liquidity other than new equity. This has started to bear fruit. ...
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ArticleAnta Sports issues warning on first-half profits
Anta Sports Products said it expects to report a drop of about 25 percent in its earnings for the first half of this year, largely as a result of restrictions implemented during the Covid-19 crisis. They are even expected to be down by 35 percent from the year-ago period when ...
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ArticleHydro Flask recovers thanks to store reopenings and outdoor boom
Helen of Troy, operating out of El Paso, Texas, reported that sales of its Housewares segment, which includes Hydro Flask, declined by 3 percent to $140,628,000 in the first quarter ended on May 31 as compared to the year-ago period, primarily due to the temporary closure of key U.S. ...
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ArticleGo Outdoors woes hit JD Sports’ outdoor division
UK retailer JD Sports Fashion announced its final results for the financial year ended on Feb. 1 and said annual losses at its Outdoor division widened as it felt the impact of troubles at the Go Outdoors chain. Operating losses at Outdoor were £16.3m (€18.1m-$20.5m), wider than the £4.3m in ...
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ArticleWolverine performs better than expected
Wolverine Worldwide told analysts at the Baird 2020 Global Consumer, Technology, and Services Conference on June 4 that its sales were better than expected in the first nine weeks of its second quarter, falling by less than 50 percent overall. The impact of the coronavirus-related retail lockdown was partly offset ...
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ArticleCanada Goose was resilient against Covid-19
(SGI) Canada Goose Holdings was not hit as hard as other clothing brands by the pandemic, which it attributed to the seasonal nature of its business. While it felt the impact of store closures late in its fiscal year, which ended on March 29, 2020, its peak activity time had ...
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ArticleTecnica Group performs better than expected
Tecnica Group reported better-than-expected results for 2019, adding that e-commerce and sales of outdoor products and inline skates were positive in the first quarter of 2020, despite the Covid-19 pandemic. The net turnover of the group went up by 6.4 percent to a record €424 million in 2019, which was ...
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Articlemyclimate presents new record figures for 2019
myclimate, the international carbon offset foundation, has published its annual results for 2019. The international non-profit organization with Swiss roots was able to significantly increase the total revenue from its three business areas of education, consulting and solutions, as well as the offsetting of CO2 emissions. In 2019, the total ...
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ArticleVF claims it can hike through the Covid storm easily
In releasing its financial results for the fourth quarter ended on March 31, the management of VF Corp. insisted that the company is in a better position than some of its competitors to navigate through the “storm” caused by the coronavirus pandemic for several reasons, including good liquidity, a flexible ...
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ArticleDivestitures helped Vista Outdoor
The Outdoor Products division of Vista Outdoor, which groups brands such as Bell, Giro, Camelbak, Camp Chef and Bushnell Golf, recorded a 9 percent drop in sales to $132 million in the fourth quarter ended on March 31, largely due to restrictions related to the Covid-19 outbreak. Sales of hydration ...
