Note: The start time of the fiscal year of each company is different from the natural year, so there may be inconsistencies between the fiscal quarter and the year and the natural year. Companies may report their results on a quarterly or semi-annual basis.
Sports apparel and supplies
Sporting goods giant NIKE, Inc. Disclosure of financial results for the second quarter of fiscal year 2024 ended November 30, 2023. Revenue for the fiscal second quarter was $13.388 billion, up 1% year-over-year. Net profit for the fiscal second quarter was $1.578 billion, up 19% year-over-year. Among them, the revenue of the Nike brand was 12.872 billion US dollars, a year-on-year increase of 1%. The revenue of the Converse brand was $519 million, down 11% year-over-year. Among the Nike brands, footwear revenue reached $8.607 billion, a year-on-year increase of 1%. Apparel revenue was $3.774 billion, down 1% year-on-year. Equipment revenue was $479 million, up 17% year-over-year. Greater China revenue was $1,863 million, up 8% year-over-year on an constant currency basis.
Adidas announced its financial results for the fourth quarter and fiscal year 2023. Net sales in the fourth quarter were 4,812 million euros (approximately $5,215 million), compared to 5,205 million euros in the prior-year quarter. Operating loss for the quarter was 377 million euros, compared to a loss of 724 million euros in the prior-year quarter. Net loss attributable to shareholders for the quarter was 379 million euros, compared to a net loss of 512 million euros in the prior-year quarter. Net sales for the full year were 21.427 billion euros (approximately $23.2 billion), compared to 22.511 billion euros in the previous year. Operating profit for the full year was 268 million euros, compared to 669 million euros in the previous year. Net loss attributable to shareholders for the full year was 75 million euros, compared to a net profit of 612 million euros in the previous year. Greater China revenue was €670 million in the fourth quarter and €3,190 million for the full year.
Canadian sports brand lululemon athletica Inc. Released financial results for the fourth quarter and fiscal year ended January 28, 2024. Net revenue for the fourth quarter was $3,205 million, compared to $2,772 million in the year-ago quarter. Net income for the quarter was $669 million, compared to $120 million in the year-ago quarter. Net revenue for the full year was $9,619 million, compared to $8,111 million in the previous year. Net income for the full year was $1.55 billion, compared to $855 million in the previous year.
German sports brand PUMA has released its financial results for the fourth quarter and fiscal year 2023. Sales in the fourth quarter were 1,982 million euros (approximately $2,148 million), compared to 2,197 million euros in the prior-year quarter. Operating profit for the quarter was 94.4 million euros, compared to 40.5 million euros in the prior-year quarter. Net income for the quarter was 800,000 euros, compared to a net 1.4 million euros in the prior-year quarter. Sales for the full year amounted to 8,602 million euros (approximately $9,322 million), compared to 8,465 million euros in the previous year. Operating profit for the full year was 622 million euros, compared to 641 million euros in the previous year. Net income for the full year was 305 million euros, compared to 354 million euros in the previous year.
ANTA Sports Releases 2023 Results. The Group's revenue for the year was RMB62.36 billion (approximately US$8.62 billion), up 16.2% year-on-year, and net profit was RMB10.2 billion, up 34% year-on-year. Among them, Anta's main brand achieved revenue of 30.306 billion yuan, a year-on-year increase of 9.3%; The FILA brand achieved revenue of 25.103 billion yuan, a year-on-year increase of 16.6%, and all other brands achieved revenue of 6.947 billion yuan, a year-on-year increase of 57.7%.
Amer Sports, the parent company of Arc'teryx, announced its first earnings report after going public. Revenue for the fourth quarter of 2023 was $1.315 billion, up 10% year-over-year. Operating profit was $59.8 million, compared to an operating loss of $58.1 million in the year-ago quarter. Net loss was $94.9 million, compared to a net loss of $148 million in the year-ago quarter. By business: Wholesale revenue was $759 million, down 4% year-over-year. Direct-to-consumer (DTC) revenue was $556 million, up 37% year-over-year. Among them, the revenue of the e-commerce business increased by 30% year-on-year to US$273 million, and the retail business increased by 45% year-on-year to US$284 million. Greater China revenue increased 45% year-over-year to $246 million.
AMERICAN ATHLEISURE BRAND SKECHERS RELEASED ITS FINANCIAL RESULTS FOR THE FOURTH QUARTER AND FISCAL YEAR 2023. Fourth-quarter sales were $1,961 million, compared to $1,879 million in the year-ago quarter. Net income attributable to the Company for the quarter was $87.2 million, compared to $75.5 million in the year-ago quarter. Sales for the full year were $8.0 billion, compared to $7.446 billion in the previous year. Net income attributable to the Company for the full year was $546 million, compared to $373 million in the previous year.
American sports brand Under Armour announced results for its fiscal third quarter ended December 31, 2023. Net revenue for the quarter was $1,486 million, compared to $1,582 million in the year-ago quarter. Net income for the quarter was $114 million, compared to $122 million in the year-ago quarter.
Sportswear brand Li Ning announced its 2023 results. In 2023, revenue reached RMB27.598 billion (approximately US$3.815 billion), representing a year-on-year increase of 7%, and profit (net profit) attributable to equity holders of the Group during the year was RMB3.187 billion, down 21.6% year-on-year.
ASICS announces its 2023 results. Net sales for the full year were 570.4 billion yen (about 3.762 billion US dollars), compared to 484.6 billion yen in the previous year. Operating profit for the full year was 54.2 billion yen, compared to 34.0 billion yen in the previous year. Net income attributable to owners of the parent company for the full year was 35.2 billion yen, compared to 19.8 billion yen in the previous year.
Xtep International announced that the group's revenue in 2023 increased by 10.9% to 14.346 billion yuan (about 1.983 billion US dollars), a record high, and net profit increased by 11.8% to 1.030 billion yuan, a record high.
Sportswear retailer Dick's Sporting Goods has reported financial results for its fourth quarter and fiscal year ended February 3, 2024. Net sales in the fourth quarter were $3,876 million, compared to $3,597 million in the year-ago quarter. Net income for the quarter was $296 million, compared to $236 million in the year-ago quarter. Net sales for the full year were $12,984.0 million, compared to $12,368 million in the previous year. Net profit for the full year was US$1,047 million, compared to US$1,043 million in the previous year.
Shenzhou International announced its 2023 annual results. Annual sales were 24.97 billion yuan (about 3.452 billion US dollars), down about 10.1% from 2022. Equity attributable to owners of the parent company decreased by 0.12% year-on-year to RMB4,557 million. In FY 2023, sales of sports products accounted for approximately 72.2% of total sales, and sales of sports products decreased by approximately 13.6% compared to FY 2022, mainly due to the decline in demand for sports products in Europe and the United States. Sales of leisure products accounted for approximately 22.7% of total sales, and sales of leisure products decreased slightly by approximately 1.4% from FY 2022, mainly due to lower demand for leisure products in Japan and other markets.
Apparel & Retail
The TJX Companies, Inc. reported financial results for the fourth quarter and fiscal year ended February 3, 2024. Net sales in the fourth quarter were $16,411 million, compared to $14,520 million in the year-ago quarter. Net income for the quarter was $1,403 million, compared to $1,038 million in the year-ago quarter. Net sales for the full year were US$54.217 billion, compared to US$49.936 billion in the previous year. Net profit for the full year was US$4,474 million, compared to US$3,498 million in the previous year.
Zara's parent company, Inditex Group, announced its results for the 2023 fiscal year ended January 31, 2024, with record sales, EBITDA and net profit. The Group's full-year net sales increased by 10.4% year-on-year to 35.9 billion euros (approximately US$38.9 billion). EBITDA profit was 9.85 billion euros, up 14 percent year-on-year. Net profit attributable to the parent company was 5.381 billion euros, an increase of 30% year-on-year. As of the end of fiscal year 2023, the Inditex Group operated 5,692 stores. Online sales also increased by 16% in fiscal 2023 to €9.1 billion.
Fashion retailer H&M Group announced its results for the fourth quarter and fiscal year 2023 ended November 30, 2023. Net sales for the quarter were SEK 62.65 billion (approximately USD 5.89 billion), compared to SEK 62.433 billion in the same period last year. Operating profit for the quarter was SEK 4,332 million, compared to SEK 821 million in the prior-year quarter. Profit for the quarter was SEK 1,576 million, compared to a loss of SEK 864 million in the prior-year quarter. Net sales for the full year were SEK 236.035 billion (approximately USD 22.2 billion), compared to SEK 223.553 billion in the previous year. Operating profit for the full year was SEK 14,537 million, compared to SEK 7,169 million in the previous year. Profit for the full year for the period was SEK 8,723 million, compared to SEK 3,566 million in the previous year.
Ross Stores announced its financial results for the fourth quarter and fiscal year ended February 3, 2024. Fourth-quarter sales were $6,023 million, compared to $5,214 million in the year-ago quarter. Net income for the quarter was $610 million, compared to $447 million in the year-ago quarter. Annual sales were $20.377 billion, compared to $18.696 billion in the previous year. Net profit for the full year was US$1,875 million, compared to US$1,512 million in the previous year.
Strong overseas sales drove Uniqlo's parent company, Fast Retailing, to a 25% increase in operating profit in the fiscal first quarter ended November 2023 to 146.7 billion yen from 117.1 billion yen a year earlier. Quarterly consolidated income increased 13.2% year-on-year to 810.8 billion yen (about 5.348 billion U.S. dollars). Quarterly profit attributable to owners of the parent company was 107.8 billion yen, up 26.7% year-on-year.
Gap Inc. Financial results for the fourth quarter and fiscal year ended February 3, 2024 will be released. Net sales in the fourth quarter were $4,298 million, compared to $4,243 million in the year-ago quarter. Net income for the quarter was $185 million, compared to a net loss of $273 million in the year-ago quarter. Full-year sales were $14.889 billion, compared to $15.616 billion in the previous year. Net income for the full year was US$502 million, compared to a net loss of US$202 million in the previous year.
North Facing parent company VF Corporation announced its results for the fiscal third quarter ended December 30, 2023. Net revenue for the quarter was $2.96 billion, compared to $3.53 billion in the year-ago quarter. Net loss for the quarter was $42.45 million, compared to a net profit of $508 million in the year-ago quarter. Among them, The North Face revenue was $1.192 billion, Vans revenue was $668 million, Timberland revenue was $473 million, and Dickies revenue was $148 million.
Apparel manufacturer Hanesbrands Inc has released its financial results for the fourth quarter and full year of 2023. Net sales in the fourth quarter were $1,297 million, compared to $1,473 million in the year-ago quarter. Net income for the quarter was $77.94 million, compared to a net loss of $418 million in the year-ago quarter. Net sales for the full year were $5,637 million, compared to $6,234 million in the previous year. Net loss for the full year was US$17.73 million, compared to a net loss of US$127 million in the previous year.
Victoria's Secret & Co. Financial results for the fourth quarter and fiscal year ended February 3, 2024 will be released. Net sales in the fourth quarter were $2,082 million, compared to $2,021 million in the year-ago quarter. Net income attributable to the Company for the quarter was $181 million, compared to $173 million in the year-ago quarter. Sales for the full year were $6,182 million, compared to $6,344 million in the previous year. Net income attributable to the Company for the full year was $109 million, compared to $348 million in the previous year.
Levi Strauss & Co., the parent company of American jeans brand Levi's, announced its financial results for the fourth quarter and fiscal year ended November 26, 2023. Net revenue for the fourth quarter was $1,642 million, compared to $1,589 million in the year-ago quarter. Net income for the quarter was $127 million, compared to $151 million in the year-ago quarter. Net revenue for the full year was $6,179 million, compared to $6,169 million in the previous year. Net income for the full year was $250 million, compared to $569 million in the previous year.
APPAREL RETAILER AMERICAN EAGLE OUTFITTERS, INC. REPORTED FINANCIAL RESULTS FOR ITS FOURTH QUARTER AND FISCAL YEAR ENDED FEBRUARY 3, 2024. Total net revenues for the fourth quarter were $1,679 million, compared to $1,496 million in the year-ago quarter. Net income for the quarter was $6.32 million, compared to $54.59 million in the same period last year. Total net revenue for the full year was US$5,262 million, compared to US$4,990 million in the previous year. Net income for the full year was $170 million, compared to $125 million in the previous year.
Crocs reports its fourth quarter and full year 2023 results. Fourth-quarter revenue was $960 million, compared to $945 million in the year-ago quarter. Net income for the quarter was $254 million, compared to $138 million in the year-ago quarter. Full-year revenue was $3,962 million, compared to $3,554 million in the previous year. Net income for the full year was $793 million, compared to $540 million in the previous year.
Samsonite International S.A. Released financial results for the fourth quarter and full year 2023. Net sales in the fourth quarter were $949 million, compared to $819 million in the year-ago quarter. Net income attributable to shareholders for the quarter was $149 million, compared to $198 million in the year-ago quarter. Net sales for the full year were $3,682 million, compared to $2,880 million in the previous year. Net income attributable to shareholders for the full year was $417 million, compared to $313 million in the previous year.
Guess, an American apparel group, announced its financial results for the fourth quarter and fiscal year ended February 3, 2024. Net revenue for the fourth quarter was $891 million, compared to $818 million in the year-ago quarter. Net income attributable to the Company for the quarter was $115 million, compared to $95.84 million in the same period last year. Net revenue for the full year was $2,777 million, compared to $2,687 million in the previous year. Net income attributable to the Company for the full year was US$198 million, compared to US$150 million in the previous year.
Kontoor Brands, Inc., the parent company of Lee and Wrangler, announced its financial results for the fourth quarter and full year of 2023. Net revenue for the fourth quarter was $670 million, compared to $732 million in the year-ago quarter. Net income for the quarter was $68.77 million, compared to $51.61 million in the same period last year. Net revenue for the full year was $2,607 million, compared to $2,631 million in the previous year. Net income for the full year was $231 million, compared to $245 million in the previous year.
Semir Apparel released its 2023 annual report. In 2023, the company achieved a total operating income of 13.661 billion yuan (about 1.89 billion US dollars), a year-on-year increase of 2.47%, and a net profit attributable to shareholders of listed companies of 1.122 billion yuan, a year-on-year increase of 76.06%. Children's clothing achieved revenue of 9.373 billion yuan, and casual clothing achieved revenue of 4.171 billion yuan.
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