Birkenstock is starting off the year strong following a successful holiday season. Revenue in the first quarter of fiscal 2025 for the German footwear brand increased 19 percent to 362 million euros, up from 303 million euros the same time last year. Net income in Q1 was 20 million euros, or 11 cents a share,…
Shares for Wolverine Worldwide dropped nearly 17 percent in Wednesday morning trading following the company’s full year results. The Rockford, Mich.-based footwear company said total revenue in the fourth quarter of 2024 was $494.7 million, down 6.1 percent from $526.7 million the same time last year. Ongoing total revenue in Q4 – which excludes the…
Asics North America wrapped up fiscal 2024 on a high note, delivering its second straight year of profit. According to the Japanese sportswear company, net sales in North America increased 17.8 percent to 135.0 billion yen (approximately $891.8 million) from 114.6 billion yen ($756.9 million) in fiscal 2023. Asics noted the increases were attributed to…
Shares for Crocs Inc. jumped nearly 18 percent on Thursday morning after the shoe company said it closed 2024 on a high note. According to the Broomfield, Colo.-based footwear brand, consolidated revenues in the fourth quarter of fiscal 2024 were $990 million, an increase of 3.1 percent from $960.1 million the same time last year….
Skechers USA Inc. finished 2024 with record annual sales of $8.97 billion. The Manhattan Beach, Calif.-based footwear company reported net sales in the fourth quarter of fiscal 2024 of $2.21 billion, a 12.8 percent increase from $1.96 billion the same time last year. Net earnings in Q4 were $99.3 million and diluted earnings per share…
Brooks wrapped up 2024 with record global revenue. According to the Seattle-based performance running brand, reported revenue was up 9 percent year-over-year, fueled by growth in every region and channel. This outcome marked eight consecutive years of growth for the running brand, which delivered a 13 percent compound annual growth rate over that horizon. Brooks…
Shares for Boot Barn were down nearly 6 points in after-market trading on Thursday despite the Western retailer reporting revenue that topped estimates. According to the Irvine, Calif.-based footwear company, net sales in the third quarter of fiscal 2025 increased 6.9 percent to $608.2 million, up from $520.4 million in the prior-year period. Net income…
Deckers’ star brands Hoka and Ugg delivered yet another quarter of record earnings. The Goleta, Calif.-based footwear company reported net sales in the third quarter of fiscal 2025 increased 17.1 percent to $1.827 billion compared to $1.560 billion the same time last year. Net income in the period was $456.7 million, up from $389.9 million…
Dr. Martens’ newly minted chief executive officer Ije Nwokorie said the company has “made good progress” in its objective of turning around its U.S. performance. The news comes in tandem with the UK footwear brand’s third quarter trading update on Monday. According to Dr. Martens, group revenue rose 3 percent on a constant currency basis…
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 euros, while full year sales were up 4.4 percent…