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Daily News Feed 03/06/2026 Journeys Outperforms in Q4, Powering Genesco Gains
GCO’s mall footwear banner helped drive net income up 38% to $47,611,000 from $34,381,000 in its most important calendar quarter, as total company revenues grew 7% to $799,941,000 from $745,949,000. Alpargatas Profits Soar in 2025 as Havaianas Sales Surge
Net income jumped to BRL 197.3 million ($37.5 mm) from BRL 2.1 million for the fourth quarter as sales posted a 12% gain to BRL 1,255.2 million ($238.5 mm) from BRL 1,122.4 million. Tecnica Hit by Tariffs and Rising Costs
The outdoor footwear and winter sports equipment maker’s revenue grew 5% to €541.3 million ($608.2 mm) last year, but profits were down due to cost pressures from factory wages and U.S. tariffs. Sporting Goods Sales Start 2026 on a Positive Note
The Commerce Dept., which is still catching up from the government shutdown, just reported that sporting goods/hobby/book and music store adjusted sales improved 3.2% in Jan. to $8,168 million from $7,918 million but were down 1.2% sequentially. Rudy Project Acquires its U.S. Distributor
The Italian sports helmet and eyewear brand has acquired full ownership of its long-standing exclusive U.S. distributor, Rudy Project N.A., as it aims to take direct control of the U.S. and Caribbean markets.
The Finnish smart ring maker has inked an agreement to acquire Doublepoint, which specializes in AI-driven gesture recognition technology for wearables, for undisclosed terms.
03/05/2026 Clarus Suffers from More Impairments
Net loss narrowed 52% to $31,261,000 from $65,521,000 for the fourth quarter as sales slipped 8% to $65,413,000 from $71,405,000, with the bottom line facing $29.9 million of non-cash goodwill and indefinite-lived asset impairments compared to $44.8 million in the prior year. Smith & Wesson Outperforms in Soft Gun Market
Calling out a 28% increase in handgun unit sales into the sporting goods channel as a key driver, SWBI’s net income jumped 79% to $3,753,000 from $2,102,000 in the fiscal third quarter ended Jan. 31, as sales climbed 17% to $135,709,000 from $115,885,000. Coats Group Sees Big Things Ahead for OrthoLite
The industrial yarn and footwear component supplier’s bottom line improved 29% to $103.4 million in income last year, up from $80.1 million on 2% higher sales of $1,464.9 million against $1,433.0 million, powered by growth in apparel, while footwear faced challenging market conditions. GoPro Cuts Net Loss on OpEx Reduction
Net loss narrowed to $9,104,000 in the final quarter from a loss of $37,191,000 a year ago, on flat revenues at the action camera maker of $201,673,000 against $200,882,000. Athleta Ends 2025 Down Double Digits
Gap, Inc.’s women’s athleisure brand contracted 11% in the fourth quarter to $354 million in revenues, down from $396 million, including a -10% comp. Frasers Becomes Puma’s Second Largest Shareholder
The Sports Direct parent has increased its stake in The Big Cat to 5.77%, according to German stock exchange filings, becoming Puma’s second largest investor behind Anta Sports, which holds 29%. Nike Taking $300 Million Charge for Layoffs
The Eager Beavertons revealed in an SEC filing that they are taking a one-time, $300 million charge in the fiscal third quarter that ended Feb. 29 to pay for employee severance costs. Beretta Calls Out Sturm, Ruger for Weak 2025
Following RGR’s tepid 2025 results, the Italian gunmaker, which is nearly a 10% RGR shareholder, accused it of buying sales at the expense of margins in a release supporting the four candidates Beretta has proposed for Sturm, Ruger’s board. Etcetera: Johnson Outdoors, StockX, Xebio, Skechers
03/04/2026 Adidas Sees Big U.S. Rebound Coming This Year
The Big a’s reported Q4 results were not particularly impressive, but backing out last year’s final Yeezy clearance sales and accounting for the stronger euro improves the picture, giving CEO Bjørn Gulden confidence in high-single-digit growth this year and healthy gains in operating profit, along with a recovery in North America. Vulcabras Doubles 2025 Profits on Mid-Teens Growth
Net income contracted 6% to BRL 158,820,000 ($30.2 mm) from BRL 169,220,000 for the fourth quarter as revenue increased 11% to BRL 1,008,606,000 ($191.6 mm) from BRL 905,719,000. NICS Checks Up, NFA Checks Soar in February
NSSF’s adjusted NICS checks grew 3.5% to 1,265,320, marking the first improvement in six months, compared to 1,222,980 a year ago. Shadow Systems Acquired by Management
The TX-based firearms maker has been acquired from Catalyst Holdings by Roe Strategic Capital, a partnership between current Shadow Systems CEO Trevor Roe and investor Richard Roe. Eddie Bauer Auction Cancelled, Leases Next
The bankrupt casual and outdoor retailer attracted no interest from potential acquirers as the Mar. 3 bidding deadline passed, leading the court to cancel the asset auction that was scheduled for Mar. 6. Soles4Souls Acquires Erren Recondition
The Nashville, TN-based nonprofit is acquiring the European footwear, apparel, and accessories reconditioning firm, Erren Recondition, for undisclosed terms. Etcetera: REI, Armament Systems and Procedures
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