Outside of Puma’s BLVD Las Vegas flagship. Brenton Ho Puma is implementing a cost savings plan after reporting lower than expected fourth-quarter sales and a drop in annual profit in its latest preliminary results. On Wednesday, the German athletic company reported that currency adjusted sales in Q4 of 2024 grew 9.8 percent to 2.29 billion […]
ANTWERP, BELGIUM – 2024/02/15: Illuminated trademark of the American athletic footwear and apparel corporation Nike, Inc. seen on the Nike Store window in Antwerp, Belgium. (Photo by Karol Serewis/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Analysts are cautiously optimistic about Nike ahead of the brand’s second quarter earnings report on Thursday. Nike, […]
CREDIT: Courtesy of Salomon / Joe Hale Amer Sports, Inc. raised its guidance for fiscal year 2024 after posting strong Q3 results and announced a new chief executive officer and president for its Salomon brand. The public Finnish company, which also owns the Arc’Teryx, Wilson, Peak Performance and Atomic brands, reported a 17 percent increase in sales […]
Hoka’s Mach X 2 CREDIT: Courtesy of Hoka Hoka remains in the spotlight as Deckers Brands declares a major milestone for its star running brand. Stefano Caroti, president and chief executive officer of Deckers Brands, told analysts on the company’s second quarter earnings call on Thursday that Hoka eclipsed $2 billion in revenue over the […]
Caleres is lowering its yearly guidance following a reported sales below its expectations in the second quarter. According to the St. Louis-based footwear company, net sales in the second quarter of 2024 were $683.3 million, down 1.8 percent from $695.5 million in the second quarter of 2023. Net earnings in the period were 30.0 million, […]
Foot Locker is touting a “less is more” approach to rebuild its business.In addition to moving its global headquarters to St. Petersburg, Fla. from New York City in 2025, Foot Locker said this week it would shut down its stores and e-commerce operations in South Korea, Denmark, Norway and Sweden. The contraction comes on the […]
Boot Barn wrapped up fiscal 2024 with mixed results on Tuesday, reporting a decrease in sales in the fourth quarter and a slight gain for the year overall. According to the Irvine, Calif.-based footwear company, net sales in the fourth quarter of 2024 decreased 8.7 percent over the prior year period to $388.5 million. Net […]
Shares of Dr. Martens took a dive on Tuesday after the boot maker put out a cautious outlook for 2025 that suggested persisting weakness in the U.S. wholesale market. Ahead of its official full-year earnings report on May 30, British footwear company shared what it described as a “prudent” outlook for 2025. The company expects U.S. […]
Adidas is updating its guidance for the year after reporting better-than-expected preliminary results for the first quarter of 2024. According to the German athletic company, currency-neutral revenues increased 8 percent compared to the prior year level. In euro terms, the company’s revenues grew 4 percent to 5.458 billion euros in the first quarter, versus 5.274 […]
Analysts are projecting an overall positive quarter for Nike Inc. ahead of the Swoosh’s second-quarter earnings report next week. Most market watchers said signs look good for the sneaker giant, but some noted potential headwinds. In a late November note to investors, Jefferies analyst Randal Konik said that Foot Locker‘s third-quarter sales beat was a good indicator for how Nike’s results might turn […]