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Sporting Goods Industry News for November 20, 2025

Shoe Carnival Guides for Return to Growth in Late 2026

Net income dropped 24% to $14,646,000 from $19,242,000 for the third quarter on 3% lower sales of $297,155,000 down from $306,885,000, with comps down 2.7%, including about 50 b.p. of negative impact from re-bannering efforts in the quarter.

Colt CZ Group Cuts Guidance on U.S. Government Shutdown

Net income quadrupled to CZK 407,875,000 ($19.5 mm) in the third quarter from CZK 99,039,000 last year, but growth in ammunition sales was more than offset by weak firearms demand, sending revenues down 4% to CZK 5,055,754,000 ($241.1 mm) from CZK 5,281,880,000.

JD Sports’ Comps Fall, Warns of Consumer Headwinds

JD’s North American business, which includes JD Sports/Finish Line, Hibbett, DTLR, and Shoe Palace, comped down 1.7% in the third quarter, though organic sales increased 3.0% to £1,079 million ($1,458 mm).

Thule Sets New Growth, EBIT Targets in 5-Year Plan

The company is planning to expand the market-leading “champion” products in its portfolio over the next decade to support new long-term financial targets, it revealed at its 2025 Investor Day.

Athleta Q3 Sales Tumble Double Digits

Revenues at Gap, Inc.’s women’s active banner were down 11% to $257 million from $290 million, comping down by the same percentage, lapping last year’s relatively strong +5% comp.

Thanksgiving Weekend Shopping Will Set New Records, NRF Finds

Thanksgiving Day through Cyber Monday is expected to see a record 186.9 million shoppers this year, up from 183.4 million last year, according to the NRF and Prosper Insights & Analytics survey of shopping intentions.

Asics Acquires Two Race Platforms

Asics has inked agreements to acquire two race registration platforms, Spain-based DPKT Innovation (Deporticket) and Thailand-based Thaidotrun (Thairun) for undisclosed terms.

Moody’s Downgrades Winchester Parent’s Outlook

Olin Corp.’s Ba1 corporate family rating and debt level ratings were not changed, but Moody’s changed the company’s outlook to negative, a week after S&P Global made the same move.

Ouraring Files ITC Complaint, Sues More Competitors

The Finnish smart ring maker filed a complaint with the International Trade Commission seeking to block several companies, including Reebok, Nexxbase, and Zepp, from importing certain smart wearable devices into the U.S.

Etcetera: On Running, Topgolf, Salomon, Outdoor Holding, New Balance, Perfect Moment
 
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