Signa Sports United generated $278 million in revenue in Q4 2021, a 10% increase compared to the same period the year prior.
The German bicycle and tennis equipment retailer attributed the growth in revenue to strong consumer demand across its verticals, despite bike supply shortages.
- Signa reported 5.1 million active customers in Q4 2021, a 32% increase year-over-year.
- Full-year revenue reached $983.7 million, up 24% compared to FY2020.
In December 2021, Signa public via a merger with Yucaipa Acquisition Corporation, a blank-check company led by Pittsburgh Penguins part-owner Ronald Burkle. Signa raised $484 million during the transaction, valuing the company at $3 billion.
Signa took advantage of the fresh capital with the acquisition of online cycling store Wiggle, which has annual sales of roughly $500 million.
Plans to Expand in the U.S.
Signa is reportedly close to securing an investment worth more than $370 million from a group that includes Saudi Arabia’s sovereign wealth fund, the Public Investment Fund.
The funding would go toward expanding Signa’s presence in the U.S.
Signa earns roughly 10% of its total revenue in the U.S., primarily from its Tennis Express and Midwest Sports properties.