August 12, 2025 On Running Takes Big ForEx Hit in Q2
Foreign exchange headwinds from the strong Swiss franc resulted in a Q2 net loss of CHF 40.9 million ($49.5 mm) compared to last year’s income of CHF 30.8 million as sales increased 32% (+38% CC) to a quarterly record CHF 749.2 million ($906.5 mm) from CHF 567.7 million. 361 Degrees H1 Gains Driven by E-commerce
Profit attributable to shareholders grew by 9% in the first half to RMB 857,690,000 ($118.6 mm) from RMB 789,703,000 on 11% higher sales of RMB 5,704,830,000 ($789.1 mm) up from RMB 5,141,284,000. Grupo SBF Profits Sink on Financial Swing
Net income tumbled 80% to BRL 46,468,000 ($8.4 mm) from BRL 228,917,000 on 6% higher revenues of BRL 1,817,700,000 ($327.2 mm) from BRL 1,713,937,000 for the second quarter. Alpen Profit Rises Triple Digits
Net income at the Japanese retailer was up more than threefold to ¥5,573 million ($38.6 mm) from ¥1,733 million on sales that were 6% higher at ¥268,655 million ($1,859.3 mm), up from ¥252,936 million for the fiscal year ended June 30.
Net income was slashed by nearly 90% to ¥288 million ($2.0 mm) from ¥2,785 million on 1% lower sales of ¥64,308 million ($445.1 mm), down from ¥65,142 million for the fiscal first quarter ended June 30. Report: Gildan Close to Acquiring Hanesbrands
The Canadian basics apparel maker is close to reaching an agreement to buy its competitor Hanesbrands in a deal said to be worth around $5 billion, the Financial Times reported, citing people close to the matter. Moody’s Gives Academy Sports Stable Outlook
The ratings agency affirmed ASO’s corporate family rating and senior secured first lien term loan at Ba2, but changed its outlook to stable from positive. Etcetera: Scheels, Fanatics, Vittoria, On
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