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Sporting Goods Industry News for August 17, 2026
Net income bounced back to ¥2,819 million ($17.7 mm) for the fiscal first quarter ended June 30 from ¥288 million, lapping last year’s 90% drop, on a 6% revenue gain to ¥68,242 million ($428.1 mm) over ¥64,308 million.
Net loss at the golf shaft and club maker expanded 50% to $2,278,000 from $1,520,000 for the second quarter as net sales tumbled 36% to $1,316,000 from $2,068,000 due to limited manufacturing capacity.
The luxury skiwear brand’s revenues were down 22% in the seasonally small first quarter to $1,150,000 from $1,472,000, while net loss narrowed by 11% to $3,533,000 from $3,978,000.
TRNR revenues grew more than fivefold in the first quarter to $6,647,000, boosted by the first full quarter of Ergatta consolidated results, from $1,219,000 in the prior period.
The Finnish fishing gear maker said that it expects its operating profit to grow around 67% to between €12 and €14 million ($15.1 mm at the midpoint), driven by robust replenishment demand in North America.
Sporting goods, hobby, music, and bookstore adjusted sales continued to outperform retail as a whole, gaining 10.1% year over year last month to $8,936 million from $8,113 million, the Commerce Dept. reported, and were flat sequentially from June.
The Crenshaw Rec by Foot Locker is a new retail store and community center opening this weekend on Slauson Ave. in Los Angeles, CA’s Crenshaw neighborhood.
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