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Sporting Goods Industry News for April 23, 2026

Shimano Q1 Profits Benefit from ForEx Impacts

Strong growth in fishing more than offset listless bike component sales in the first quarter, pushing revenues 4% higher to ¥117,644 million ($749.9 mm) from ¥113,539 million, with net income jumping 31% to ¥12,814 million ($81.7 mm) from ¥9,786 million.

Helen of Troy Forecasts Growth for Hydroflask and Osprey Segment

Revenues at HELE’s Home & Outdoor segment dipped 2% to $216.5 million for the fiscal fourth quarter ended Feb. 28 as Osprey Packs’ growth eased declines at Hydroflask and the Oxo kitchen brand.

Polygiene Group Swings to Loss in Q1

Sales were down 25% in the first quarter to SEK 31,018,000 ($3.4 mm) from SEK 41,493,000, with a loss of SEK 1,168,000 ($0.1 mm) for the quarter compared to SEK 23,000 profit prior, as results faced an 850 b.p. ForEx headwind.

New Wave Group’s Sports Sales Inch Higher

The Swedish parent of Craft and Cutter & Buck, and distributor of other labels, reported a 7% increase in first-quarter sales to SEK 2,328 million ($237.1 mm), with the Sports & Leisure segment inching up 1%.

Mips Sales Up Low Double-Digits in Q1

The Swedish helmet technology company’s net income grew 53% in the first quarter to SEK 29 million ($3.0 mm) from SEK 19 million, as revenues improved 30% to SEK 151 million ($15.4 mm) from SEK 116 million, and were up 25% on a constant-currency basis.

Vail Resorts’ Skier Visits Decline in Disappointing Winter

Vail said it has been one of the most challenging winters across the western U.S., with record-low snowfall and historically warm temperatures, resulting in 15% lower total skier visits at MTN’s mountain resorts, while retail/rental revenue in N.A. locations dropped 7%.

CPSC Recall: Adjustable Dumbbells

Tzumi Electronics is recalling about 50,000 FitRx SmartBell Quick-Select 5-52.5lbs adjustable dumbbells because the weight plates can dislodge from the handle during use.

Etcetera: Bass Pro, Caddix, Joola, Rockport
 
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