Daily News Feed 04/26/2024 Sporting Goods Sales Grew Over 4% Last Year, SFIA Finds
Total sports equipment, apparel, licensed merchandise and footwear sales hit $121,660 million in 2023, up 4.2% over the prior year and 27% over 2019, according to Sports & Fitness Industry Association’s 2024 Manufacturers’ Sales by Category Report. Newell Outdoor’s Sales Crater, Loss Expands
Revenues at NWL’s Outdoor & Recreation segment tumbled 26% in the first quarter to $201 million from $270 million, with core sales down 20% excluding ForEx and other impacts. Thule Q1 Driven by New Product Launches
Net income was up 9% to SEK 300 million ($28.1 mm) in the first quarter from SEK 275 million, on revenues that improved 9% (+8% CC) to SEK 2,420 million ($227.0 mm) from SEK 2,226 million. Mips Faces Q1 Tough Comparisons
The Swedish helmet technology company’s net income dropped 14% in the first quarter to SEK 12 million ($1.1 mm) from SEK 15 million, as revenues inched down 6% to SEK 83 million ($7.8 mm) from SEK 88 million and were down 6% constant currency. China Dongxiang Struggled in Final Quarter
The Chinese sportswear company’s Kappa-branded stores’ retail sales declined 10-20% in the fiscal fourth quarter ended Mar. 31, and were also down the same percentage for the full fiscal year. National Park Visits Expand in March
National Park recreational visits increased by 1% year-over-year to 22,395,024 from 22,215,789 in March, while year-to-date visits are now down 5% at 48,464,341 compared to 50,748,155.
04/25/2024 Skechers Outperforms as Wholesale Returns to Growth
Net income increased 29% in Q1 to $206,622,000 from $160,443,000 on sales that were up 13% to a quarterly record $2,251,587,000 from $2,001,928,000, helped by a wholesale rebound in both domestic and international markets. Columbia Raises Earnings Guidance after Down Q1
Net income slipped 8% in the first quarter to $42,300,000 from $46,202,000 on 6% lower revenues of $769,982,000 compared to $820,593,000 as falling wholesale orders more than offset growth in direct-to-consumer. Winchester Sales Grow Double Digits
Revenues at Olin Corp.’s ammunition segment increased by 12% in the first quarter to $409.4 million from $366.5 million, with both commercial ammo shipments and military sales higher, and a boost from sales of White Flyer, which was acquired in Q4 ‘23. Escalade Swings to Profit on Growing Margins
Net income was $1,775,000 for the first quarter against a loss of $952,000 last year, as revenues inched up 1% to $57,304,000 from $56,931,000 on higher demand for basketball, table tennis, archery and outdoor games. Yue Yuen Issues Positive Profit Warning
Yue Yuen announced that its net income attributable to shareholders would be up about 90-95% to approximately $99.1 million from $50.8 million, driven by its order book normalizing as the global footwear industry recovers. Nike Wins Caitlin Clark Bidding War
The Eager Beavertons signed the Iowa star and Indiana Fever rookie to a long-term endorsement deal that is reportedly worth $28 million over eight years, and includes her own signature shoe. Vail Resorts’ New Debt Rated by Moody’s, S&P Global
The ratings agencies weighed in on Vail’s $600 million offering of 6.5% senior unsecured notes due 2032, with Moody’s giving them a Ba3 rating and S&P rating them BB. CPSC Recalls: Air Rifles, Helmets
Crosman is recalling about 2,500 Icon air rifles because they can discharge unexpectedly if jolted or dropped when uncocked and loaded, and will provide owners with a full refund. Etcetera: SweetSpot, Kizik, Golftec, Hiviz Shooting Systems
04/24/2024 Hydroflask and Osprey Outperform for Helen of Troy
HELE’s Home & Outdoor segment, which includes Hydroflask and Osprey packs as well as the Oxo kitchen brand, posted a 5% gain to $223.3 million in sales, up from $211.9 million. Moncler Sales Grow Double Digits in Q1
Direct-to-consumer gains across brands drove a 13% top line increase (+16% CC) to €818.0 million ($892.0 mm) from €726.4 million for the first quarter, offsetting wholesale drops as Moncler and Stone Island both reconfigure the channel. Foot Locker Opens Prototype Store in NJ
Big Foot’s new “store of the future” retail concept has opened at Willowbrook Mall in Wayne, NJ, aiming to test an elevated shopping experience and expanded footwear and accessory selections. Strava Bolsters Product and Tech Team
The exercise tracking and social network platform appointed Matt Salazar as chief product officer and Rob Terrell as chief technology officer, as Strava aims to increase scale. Soccer Post Adds Upper 90 Soccer Center
The NJ-based, 50-door soccer specialty retailer has acquired Upper 90 Soccer Center in Queens, NY, which operated four urban soccer fields, including a rooftop field. Report: Stages Cycling Halts Operations
The indoor exercise bike and bike training equipment maker has laid-off its entire workforce and ceased all operations, Escape Collective first reported. Etcetera: Deckers, Foundation Outdoor Group, Mountain Khakis
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