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Sporting Goods Industry News for February 19, 2026
Net income increased 10% to $58,227,000 from $53,154,000 in the fourth quarter as sales rose to $583,708,000, a 7% gain over $546,540,000 and up 5% excluding recall reserve impacts in the prior year.
The luxury apparel brand’s bottom line slipped 2% to €626,670,000 ($708.1 mm) last year from €639,596,000 as revenue inched up 1% (+3% CC) to €3,132,128,000 ($3,539.3 mm) over €3,108,924,000, continuing the slowdown from 2024’s mid-singles gains and its historic double-digit growth pace.
Sales at Canadian Tire’s sporting goods banners jumped 17% in the final quarter to C$637.8 million ($458.8 mm) from C$546.8 million, boosted by an extra week this year and a +9.5% comp.
New Balance Athletics’ sales grew 19% in 2025 to $9.2 billion, marking the fifth consecutive year of double-digit growth, with record results in nearly every region.
Removing the company from its CreditWatch with negative implications, the ratings agency affirmed Under Dog’s BB- issuer credit rating and issue level ratings, but its outlook remains negative.
Topgolf International, now separated from Callaway, appointed David McKillips as its new chief executive officer, succeeding Artie Starrs, who resigned last summer to join Harley-Davidson.
The smart basketball maker has raised $6.2 million across two new funding rounds, with the most recent closing including $3.2 million in new capital, led by KB Partners, Koppenberg Management, Match Ventures, and other individuals and family offices.
Capping six consecutive years of growth, 2025 saw tennis participation in the U.S. increase by 1.6 million to a record 27.3 million, according to USTA research.
Partnering with outdoor industry veteran Whitney “Allgood” La Ruffa on the line of ultralight backpacking accessories, Minimal Gear adds Cowboy Camping to Cnoc Outdoors and Diorite Gear in its portfolio.
National Ski & Snowboard Retailers Association tapped Phillip Howard of Troy’s Ski Lubbock (Lubbock, TX) as the new secretary/treasurer of the NSSRA board at its annual meeting on Feb. 17.
Samit Outdoor is recalling about 3,295 youth multi-purpose helmets because they violate the bicycle helmet safety standard by failing to comply with the positional stability and certification requirements.
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