SGB Executive Outdoor
EXEC: Moncler Group Posts Double-Digit Sales Growth in First Half
The company reported first half revenues increased 11 percent year-over-year in constant-currency terms to €1.23 billion, Moncler brand revenues of €1.04 billion and Stone Island brand revenues of €188.9 million.
EXEC: Rapala VMC Gets Back to Growth in First Half as Retail Market Improves
The Finnish fishing equipment and Nordic ski company described the operating environment in the first half of 2024 as “reasonable” as inflation started to ease and retail activity improved from 2023.
EXEC: Royal Robbins Parent Sees “Disappointing” Q2 as Inventory Woes Persist
Fenix said the retailer market still faced a situation with higher-than-normal inventory, as well as volatile trading because of weather and said there are also indications that a number of retailers are facing some liquidity/financial problems.
EXEC: Sports Direct Parent Sees Adjusted Profit Up Double Digits as Sales Inch Up
Excluding the impact of the 53rd week in fiscal 2023, Retail revenues increased by 0.6 percent year-over-year to £5.54 billion for the 52-week fiscal 2024 period ended April 28.
EXEC: Wall Street Sounds Off on VF Corp’s Supreme Sale
SGB Executive compiled input from notes produced by a range of Wall Street sell-side analysts to get a feel for how the deal is being viewed and measure if the perspectives of the Street are fairly universal. They were not.
EXEC: Mips Posts Sharp Increase in Q2 Sales as Bike Helmets Recover
Mips saw its turnaround efforts pick up significant momentum in the second quarter, posting strong growth and doubling its earnings for the three-month period ended June 30.
EXEC: Thule Posts Tepid Q2 Sales Growth; U.S. Market Seen as “Weak but Positive”
The North American market continued to be challenging with a high level of promotional activity. Sales of bike-related products, Juvenile & Pet and Thule branded products in Packs, Bags & Luggage showed growth in the region.
EXEC: Adidas Raises Full-Year Outlook Again After Double-Digit Q2 Growth
In euro terms, the company’s revenues grew 9 percent to €5.82 billion from €5.34 billion in Q2 last year. Excluding Yeezy sales in both years, currency-neutral revenues increased 16 percent for the quarter.
EXEC: Merida Bikes Reports Passing of R&D Center CEO and Head of Product
Jürgen Falke, the long-standing CEO and co-founder of Merida R&D Center GmbH in Germany, who recently stepped down from his position for health reasons, passed away on June 13 at the age of 61 after a short, serious illness.
EXEC: Merida Bikes’ June Sales Surge Fuels Big Second Quarter Gain
Second-quarter revenues were up 24.8 percent to NT$9.29 billion, with revenues for June 2024 increasing 48.7 percent, May sales growing 7.5 percent and April sales surging 24.0 percent year-over-year.
EXEC: Decathlon Creates Independent Investment Entity
An independent entity within the Decathlon Group, Decathlon Pulse is expected to invest in “innovative people and businesses that share its values and commitment.”
EXEC: Accell Group Mired in Legal and Financial Woes in Cargo Bike Recall
The company recently shared a business and financial update with its shareholders and business partners informing them on current performance, but the status of the Babboe Cargo Bike recall and repair operation is reportedly causing major headaches.
EXEC: Hydro Flask Posts Fiscal Q1 Growth Internationally, but U.S. Falls Short of Plan
Helen of Troy’s CEO said Hydro Flask has embraced the shift in the category with new on-trend content that depicts young people in a range of activities extending beyond its traditional positioning. She also called out that Hydro Flask has broadened its presence in premium grocery customers and beyond.
EXEC: Columbia Sportswear Shares Tick Up on Analyst Upgrade
The last big jump for Columbia came after 2024 first-quarter results surpassed analysts EPS expectations and revenue also came in ahead of consensus estimates. COLM shares jumped 10.6 percent at the time. COLM shares are now flat for the year.
EXEC: New Report Sees E-Commerce Growth Rate Contracting 70 Percent by 2029
According to data presented by Stocklytics.com, the annual growth rate in the e-commerce sector is now expected to slow to just 4.6 percent by 2029, or 69.3 percent lower than the forecasted 2024 growth rate.
