After warning last month that U.S. sales were decelerating, the U.K.-based parent of Finish Line, Hibbett and other banners said H1 adjusted profit before tax dropped 20% to £282 million ($381 mm) from £351 million, as total revenues slipped 1% to £5,899 million ($7,972 mm) from £5,940 million.

Net loss more than quadrupled to NZ$415,959,000 ($243.3 mm) for the fiscal year ended July 31 from NZ$95,058,000, with an NZ$462,658,000 impairment expense, as sales grew 7% to NZ$1,053,019,000 ($615.8 mm) from NZ$989,015,000.

ManU’s commercial revenue declined 18% to £72.2 million ($97.6 mm) in the final fiscal quarter ended June 30, as retail, merchandising, apparel & product licensing was off 7% to £34.4 million ($46.5 mm), but up 8% for the year to £156.8 million ($211.9 mm).

The Swedish bike and travel accessory manufacturer said in a pre-earnings report that organic growth was 3% for the first half, and EBIT margin was almost 1.5%.

The Chinese sportswear giant received an outlook upgrade from stable to positive from Moody’s, which also affirmed an A3 issuer rating and expects high-single-digit revenue growth and an adjusted EBITDA margin of 34% to 35%.