August 05, 2021 Adidas Posts Strong Q2 and Raises Guidance
Profit attributable to shareholders was €397 million in the second quarter, against a loss of €295 million last year, but still trailing Q2 ‘19’s net by 25%, while revenues jumped 51% to €5,077 from €3,352, and were just 8% down from two years ago. Hanesbrands Sees Champion Surge in Q2
Net income dipped 20% in the second quarter to $128,676,000 from $161,181,000, hit by a negative $43.8 million swing in profits from the discontinued European Innerwear business, as revenues increased 13% to $1,751,311,000 from $1,543,083,000 and were up 15% from 2019. Acushnet Ups 2021 Targets as Demand Soars
The bottom line increased to $81,085,000 in the second quarter from $2,313,000 last year, as sales more than doubled to $624,850,000 from $300,002,000, handily beating 2019’s net income and revenue by 111% and 35%, respectively. Yeti Results Climb Higher, Raises FY Guidance
Net income was up 70% to $56,231,000 in Q2 from $33,482,000, as revenues grew 45% to $357,667,000 over $246,938,000 that included a 48% gain in DTC sales to $196.9 million, lapping last year’s 61% growth, driven by both drinkware and coolers & equipment. Bob’s Stores, EMS Post Operating Profit for Frasers Group
The U.K. retail group’s Rest of World Retail segment, which includes U.S. banners Eastern Mountain Sports and Bob’s Stores, along with the group’s Malaysian Sports Direct stores, saw revenues drop 12% to £152.7 million ($203.6 mm) from £174.2 million for the fiscal year ended Apr. 25. Gildan Returns to Profit on Activewear Growth
The bottom line bounced into the black at $146.4 million for the second quarter against a loss of $249.7 million (which included $224 million in charges) as net sales more than tripled to $747.2 million from $229.7 million, just 7% down from Q2 2019’s record sales. Sturm, Ruger Results Soar, despite Falling NICS Checks
Net income more than doubled to $44,384,000 in the second quarter, from $18,594,000 last year on revenues that were up 54% to $200,072,000 from $130,264,000 driven by continued strong demand for firearms. Delta Profits in FQ3, but Labor and Inventory Shortages Hit Sales
Net income rebounded to $8,149,000 after last year’s $17,844,000 loss as sales jumped 65% to $118,666,000 from $71,801,000 for the fiscal third quarter ended Jul. 3, but the top line inched down from 2019’s $119,260,000. Etcetera: Golftec, OrderMyGear, Rally House, Academy Sports
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