Tag Archives: sales

Signa Sports United reports Q2 FY22 net revenue of €269 million

Online sports retail and tech company Signa Sports United (SSU) has reported its financial results for the second quarter of the fiscal year 2022. Net revenue grew 48% YoY to €269 million in Q2 FY22 and 29% YoY to €481 million in H1 FY22, said the company, and gross profit …

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Giant Group reports 17% sales growth in 2021 financial report

The Giant Group has reported sales growth of 17% in its 2021 financial report, with the group reaching consolidated sales of NT $81.8 billion (£2.17 billion). The surge in bicycle demand continued last year, said the company, and the group’s sales growth was also aided by growing demand for e-bikes in …

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Dorel Sports reports 12% revenue increase for 2021

Dorel Industries has reported its fourth quarter and 2021 year-end results, with Dorel Sports seeing fourth quarter revenue increase to $280.7 million, an increase of $15.3 million, or 5.8%, from last year. Full year revenue was $1.2 billion, up $127.2 million or 12.2% from last year. Fourth quarter operating profit …

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Vista Outdoor reports record sales in third quarter FY22 financial results

Vista Outdoor has reported its financial results for the third quarter of its fiscal year 2022, which ended on 26th December 2021, with sales increasing by 38% to $795 million. For the company’s outdoor products, sales increased 17% to $335 million, driven by double-digit growth in outdoor recreation and action …

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Halfords upgrades FY22 profit guidance to £80m-£90m

Halfords has announced its interim results for the FY22, upgrading its full year profits to £80m-£90m. The retailer saw strong revenue growth of 19.2% in H1 FY22 vs FY20, with cycling growth of 8.8% despite supply chain disruption. Sales of e-bikes, e-scooters and accessories also grew by more than 140% …

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Science in Sport reports 24% revenue growth

Science in Sport has released its interim results for the six months ending 30th June, with revenue up 24% to £29.3 million. Group gross margin percentage increased to 52% from 48%. Underlying EBITDA improved by £0.8 million to £0.6 million, which was after c.£0.7 million of one-off Brexit-related costs, said …

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Supply chain disruption hits Halfords’ cycling business, retailer ‘remains confident’ on long-term outlook

Halfords has announced its trading performance for the 20-week period to 20th August, with cycling down 22.8% LFL compared to FY21. “The first 20 weeks of FY22 delivered a strong trading performance against a hugely challenging backdrop,” said Graham Stapleton, chief executive officer. “Our motoring business now represents 65% of …

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22 million bikes and e-bikes sold across EU and UK during 2020, data reveals

CONEBI has released its 2021 European Bicycle Industry and Market Profile Report, with sales shooting up 40% to €18.3 billion or 22 million units sold (bikes and e-bikes) across the EU and UK during the course of 2020. “Spurred on by booming consumer demand, investments in cycling infrastructure and political commitments …

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BRC reports retail sales growth in June

The British Retail Consortium (BRC) has reported retail sales growth, with total sales increasing by 13.1% in June (Yo2Y), against a decline of 1.3% in June 2019 (YoY). UK retail sales increased 17% on a like-for-like basis from June 2019, when they had decreased 1.6% from the preceding year. Online …

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Bristol-based bike parts manufacturer reports 250% growth in online sales to US

Tru Tension has reported a 250% growth in online sales in the last year to the US. The Bristol-based bike parts manufacturer, which was featured on Dragon’s Den in 2018, expects to generate sales of £20 million over the next five years. Tru Tension was established by Chris Frappell in 2015 …

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