July 27, 2022 Puma Raises FY Revenue Outlook, Maintains EBIT Forecast
Puma, bolstered by its strong first half sales despite persistent global headwinds, has increased its financial year 2022 revenue forecast to mid-teens currency-adjusted growth from a prior outlook of at least 10% sales expansion. Columbia Profits Squeezed in Q2 as China and Russia Weigh on Sales
Net income fell 82% in the seasonally small second quarter to $7,163,000 from $40,684,000 last year, on 2% higher revenues of $578,063,000 against $566,370,000, that were up 4% constant currency. Moncler Results Jump on Covid Rebound and Stone Island
Net income grew 260% to €211,254,000 ($225.0 mm) in the first half against €58,724,000 on revenues that were up 48% (+46% CC) to €918,374,000 ($978.1 mm) from €621,768,000. Garmin Posts Double-Digit Gain in Outdoor, but Fitness Falters
GRMN’s fitness sales fell 34% to $272,095,000 from $413,201,000 with drops in all categories led by advanced wearables and cycling products as demand normalizes compared to pandemic spikes. Vista Outdoor Acquires Simms Fishing Products
VSTO inked a definitive agreement to acquire Simms Fishing Products for $192.5 million, a deal that is expected to close in the second quarter of 2023. Vans Says Walmart Violating Injunction
VF Corp., and Vans have asked a CA federal court to hold the retailer in contempt for failing to comply with the permanent injunction that enjoined WMT from selling certain shoes that violate the skate brand’s trademark and dress. Etcetera: Adidas, Topgolf, Golftec, 361°
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