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Sporting Goods Industry News for November 25, 2025
Third-quarter profits tumbled by 67% to $75,212,000 from $227,813,000, with the addition of nearly two months of Foot Locker sales sending total revenues 36% higher to $4,167,773,000 against $3,057,181,000, as DKS revealed plans for a broad-based restructuring to “clean out the garage” at Big Foot.
The mass retailer said that softness in sneakers and boots contributed to a weak performance from the footwear category in Q3, though its proprietary activewear apparel brands Tek Gear and FLX led a positive result for private label in the quarter.
Now that the Commerce Dept. is back at work, the Census Bureau said that sporting goods/hobby/book and music store adjusted sales slipped 0.2% in Sep. to $7,951 million from $7,965 million and were off 2.5% sequentially.
Hanesbrands’ shareholders greenlit Gildan’s acquisition of the company for $2.2 billion in cash and stock at a special meeting held virtually this morning, Nov. 25.
GOLF closed the sale of $500 million of 5.625% senior notes due in 2033, and the proceeds will be used to redeem its $350 million of outstanding 7.375% senior unsecured notes due Oct. 2028, along with repaying part of its revolver.
With the recent news that Under Dog will part ways with Steph Curry, the ratings agency placed it on CreditWatch with negative implications, raising a possible future downgrade of UA’s BB-, long-term issuer credit rating.
Under Dog was hit with two separate proposed class action suits in MD district court, accusing it of failing to adequately protect private information in a Nov. hacking incident.
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