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August 04, 2022 Adidas Grows Double Digits Despite China and Russia
Net income declined by 24% in the second quarter to €309 million ($329 mm) from €407 million, as revenues increased 10% to €5,596 million ($5,960 mm) up from €5,077 million with growth in all regions except China. Callaway Sales Up Double-Digit Across All Segments, Raises FY Outlook
Net income increased 15% to $105.4 million from $91.7 million in the second quarter ended June 30, on total revenues that grew 22% to $1,115.7 million from $913.6 million with all three segments—Topgolf, Golf Equipment, and the newly named Active Lifestyle (previously apparel, gear and other)—reporting double-digit sales gains. Crocs Cuts Guidance on Cautious H2 View
Net income declined by half to $160,315,000 from $318,954,000 in Q2, while revenues jumped 51% to $964,581,000 from $640,773,000 on the addition of Heydude combined with 14% core brand growth from the clogmaker. Gildan Boosted by Activewear in Q2
Activewear outperformed for GIL in the second quarter, with 27% growth to $758 million driving overall revenues up 20% to $895.6 million from $747.2 million, resulting in net income of $158.2 million, up 8% from $146.4 million last year. Titleist Parent Hikes FY Sales Guidance, Q2 Net Falls 18 Percent
Acushnet Holdings, citing strong first half sales, today raised its constant currency full-year revenue outlook to $2.2-$2.25 billion from $2.175-$2.225 billion previously. Yeti Cuts Guidance as Profits Take Hit
Net income slipped 18% to 46,252,000 in the second quarter from $56,231,000 on net sales of $420,042,000, up 17% from $357,667,000. Delta Apparel Sees Rising Costs Hurt Profits
Net income fell 23% to $6,237,000 in the fiscal third quarter ended July 2, from $8,149,000 last year, on total sales that were up 7% to $126,875,000 from $118,666,000. GoPro Sales Inch Higher on International Strength
Net income plummeted 85% to $2,519,000 from $16,952,000, lapping last year’s $11.7 million tax benefit, on an uptick in revenue to $250,685,000 from $249,586,000. Fox Factory Outperforms Again in Q2
Profits jumped 21% in the second quarter to $53,498,000 from $44,275,000 while sales grew by 24% to $406,705,000 from $328,164,000 driven by a 28% increase in Specialty Sports Group bike component sales. Technogym H1 Results Pumped Up By B2B, North America
The Italian fitness equipment brand reported a 17% revenue increase to €325.2 million ($346.3 mm) from €276.3 million in H1, buoyed by a 35% increase in B2B sales to €241.4 million and a nearly 53% revenue gain in North America to €45.3 million.
Recording its most successful FY since 2015, the German luxury sports fashion company saw sales rise 36% to €166.3 million ($177.1 mm) versus the prior year, for the FY ending Mar. 31. Escalade Net Tumbles on Soft Fitness and Outdoor Demand
Net income slipped 30% to $5,673,000 in the second quarter ended July 9 against $8,126,000 last year on 5% lower revenues of $94,337,000 from $99,679,000, as demand within the fitness and outdoor categories softened.
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