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05/13/2022


Fila Net Slips in Q1 Despite Acushnet Boost

Overall profits declined by 8% in the first quarter to KRW 123,092 million ($102.1 mm) from KRW 134,201 million last year, but double digit growth from Acushnet sent the top line 9% higher to KRW 1,073,563 million ($890.7 mm) from KRW 988,281 million.

Descente Profits Jump in Final Fiscal Quarter

Net income attributable to shareholders grew six-fold to ¥1,277 million ($11.0 mm) from ¥211 million in the final fiscal quarter ended Mar. 31, on 7% higher revenues of ¥32,211 million ($277.2 mm) up from ¥30,224 million.

Giant Bicycle Results Improve in Q1

Net income at Giant Group increased 7% to TWD 1,913.5 million ($64.2 mm) in the first quarter from TWD 1,792.5 million, on 8% higher sales of TWD 22,260.3 million ($747.2 mm) against TWD 20,617.5 million.

Bemis Associates Buys Protechnic

Bemis, which manufactures thermoplastic films, tapes and adhesives for various industries, including sportswear and outerwear, has acquired France-based manufacturing company, Protechnic.

Etcetera: Candy Digital, Recco, eVent, Rally House, Kappa

05/12/2022


Yue Yuen Manufacturing Thrives as Retail Plunges

Profits attributable to shareholders grew by 4% to $88,576,000 in the first quarter from $85,379,000 last year on sales that declined 4% to $2,394,369,000 from $2,493,272,000 due to weakness from the Pou Sheng Chinese retail business, which operates stores for Nike, Adidas, Skechers, Puma and other brands in the PRC.

Mizuno Recovery Driven by Golf, International

Net income attributable to shareholders slipped 11% to ¥1,619 million ($13.9 mm) in the final fiscal quarter ended Mar. 31 from ¥1,811 million prior, as revenues grew by 10% to ¥47,893 million ($412.2 mm) from ¥43,684 million.

Solo Stove Swings to Loss in Q1

Net loss attributable to Solo Brands Inc. was $2,035,000 against last year’s income of $22,234,000 due to acquisition and go-public costs, as sales that were up 19% to $82,203,000 from $69,071,000.

SportChek Comps Soar in First Quarter

SportChek and Canadian Tire’s other sports banners saw revenues grow 3% in the first quarter to C$408.8 million ($322.9 mm) from C$396.7 million, with a +10.2% comp more than offsetting 22 fewer doors open than a year ago.

JD Sports Expects EBIT of £940 Million

The U.K.-based retailer and parent of U.S. banners Finish Line, DTLR Villa and Shoe Palace raised its EBIT guidance for the fiscal year ended Jan. 29, 2022 to £940 million, from £900 million guided earlier.

Leatt Posts Huge Q1 Gains

Net income more than doubled at the South African protective sports equipment maker, hitting $4,222,755, up from $2,060,838, as revenues grew 88% to $24,228,108 from $12,896,475 in the first quarter.

Gregory Recovery Slows in Q1

Gregory backpack and hydration gear sales slipped 4% in the first quarter to $15.1 million from $15.8 million last year, becoming the only Samsonite brand that saw a decline against the prior year.

Stix Golf Raises $10 Million

Chicago-based golf club maker, Stix Golf has closed a $10 Million Series A Funding round, led by Verance Capital, 2.0 Ventures and Spacestation Investments.

Etcetera: The North Face, Skechers, Nike, Eddie Bauer

05/11/2022


Asics Boosted by North America in Q1

Profit attributable to shareholders slipped 17% in the first quarter to ¥8,725 million ($75.1 mm) from ¥10,485 million last year, as revenues inched down 1% (-6% constant currency) to ¥105,329 million ($906.4 mm) from ¥106,549 million.

Wolverine Worldwide Reiterates FY Outlook after Strong Q1

Net income attributable to shareholders tumbled 75% in the first quarter to $9.7 million from $38.5 million, while revenues increased 20% to $614.8 million from $510.7 million with four of Wolverine’s five leading brands posting revenue gains.

Yeti Sees Big Growth Potential Outside U.S.

Gross margin pressure sent net income down 16% in the first quarter to $25,659,000 from $30,523,000 despite 19% higher revenues that hit $293,628,000 up from $247,554,000.

Grupo SBF Sees Big Gains from Retail, Nike

Consolidated net income was BRL 17,278,000 ($3.3 mm) in the first quarter, against a loss of BRL 36,164,000 last year, as revenues increased 59% to BRL 1,633,108,000 ($311.6 mm) after excluding inter-group eliminations and returns, up from BRL 1,026,470,000.

Kohl’s Repels Activist Investor at Shareholders Meeting

Kohl’s shareholders fired the final volley in support of the embattled retailer at its annual meeting, voting to retain the current 13 board members over activist investor Macellum’s slate of 10 directors.

Thule Raises Long Term Goals

The Swedish sports and outdoor company expanded its 2030 revenue target to SEK 20 billion ($3.2 bb), up from SEK 10.4 billion last year, while maintaining an EBIT margin of more than 20%.

Nike Seeks to Add Counterfeiting, False Advertising to StockX Suit

The Eager Beavertons asked a NY District Court Judge to append counterfeiting claims and false advertising to the current trademark infringement suit against sneaker marketplace StockX over Nike-branded NFTs.

Hydro Flask Wins ITC Exclusion

In Jan., the International Trade Commission issued a general exclusion prohibiting the importation of any infringing or counterfeit Hydro Flask products by anyone.

Etcetera: Puma, Bollé, GSM Outdoors, Caza Outdoors, Bear Archery, Speede Fitness

 
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