XXL ASA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 27, 2023 at 04:23 am EDT
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XXL ASA reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was NOK 1,982 million compared to NOK 2,207 million a year ago. Net loss was NOK 165 million compared to net income of NOK 42 million a year ago. Basic loss per share from continuing operations was NOK 0.2 compared to basic earnings per share from continuing operations of NOK 0.23 a year ago. Diluted loss per share from continuing operations was NOK 0.2 compared to diluted earnings per share from continuing operations of NOK 0.23 a year ago. Basic loss per share was NOK 0.24 compared to basic earnings per share of NOK 0.16 a year ago. Diluted loss per share was NOK 0.24 compared to diluted earnings per share of NOK 0.16 a year ago.
For the nine months, sales was NOK 5,911 million compared to NOK 6,162 million a year ago. Net loss was NOK 735 million compared to NOK 80 million a year ago. Basic loss per share from continuing operations was NOK 1.32 compared to NOK 0.11 a year ago. Diluted loss per share from continuing operations was NOK 1.32 compared to NOK 0.11 a year ago.
XXL ASA, formerly known as Megasport AS, is a Norway-based retailer of sports and leisure equipment. The Company sells its products both online and in more than 90 stores across the Nordic countries and Austria. Its product portfolio comprises a range of products for sports, hunting, skiing, biking and other outdoor activities, as well as sportswear, shoes, health & fitness and sports technology products. XXL ASAâs operations are divided into five geographical segments: Norway, Sweden, Finland, Denmark, Austria as well as the HQ & Logistics segment. The Company has several subsidiaries, including XXL Sport og Villmark AS, XXL Sports & Outdoor Gmbh, XXL Sports & Outdoor OY and XXL Sports & Outdoor OY.
XXL ASA 
