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Sporting Goods Industry News for July 23, 2026

Deckers Ups Earnings Guidance on Stronger Gross Margins

Net income inched up 2% in the fiscal first quarter ended June 30 to $133,259,000 from $130,768,000 as balanced growth from Ugg and Hoka sent the top line 6% higher to $1,019,531,000 from $964,538,000.

Nike Loses Big in Sex Discrimination Suit

A jury found the Swoosh liable Tuesday after the eight-year-long Cahill v. Nike, Inc. sex discrimination saga was finally heard in U.S. District Court, stating Nike should pay $7.5 million in punitive damages for violations of Title VII of the Civil Rights Act and a matching $7.5 million for Oregon Equal Pay Act violations to sole remaining plaintiff Heather Hender.

Polygiene Bounces Back in Q2

The bottom line at the Swedish maker of antimicrobial fabric treatments swung to a SEK 5,851,000 ($0.6 mm) profit in the second quarter, up from last year’s loss of SEK 3,125,000, on flat revenues of SEK 32,091,000 ($3.4 mm) versus SEK 31,945,000.

Frasers Group Extends Accent Group Takeover Bid

Frasers Group extended its buyout offer for the ANZ distributor and regional Sports Direct operator Accent Group to the end of Sep., after its initial bid received little interest.

Etcetera: Kontoor Brands, Joola, Wild Country
 
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