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Sporting Goods Industry News for November 10, 2026
Net income jumped 37% to CHF 162.8 million ($201.0 mm) from CHF 118.9 million in the third quarter, boosted by CHF 52.6 million of IEEPA tariff refunds, as revenues grew by 17% to CHF 931.4 million ($1,149.9 mm) from CHF 794.4 million.
The bottom line swung to a BRL 17,473,000 ($3.3 mm) loss in the third quarter, down from last year’s income of BRL 85,854,000, as sales grew 5% to BRL 2,036,114,000 ($38.7 mm) over BRL 1,936,522,000, driven by double-digit growth in running and performance footwear.
Profits improved 23% in fiscal Q2 ended Sep. 30 to ¥2,623 million ($16.5 mm) from ¥2,134 million, on revenues that grew 16% to ¥46,115 million ($289.6 mm) from ¥39,676 million last year.
Cargo imports at major container ports grew 13% to 2.37 million Twenty-Foot Equivalent Units in Sep., making it the busiest month of the year as peak season winds down, according to the NRF and Hackett Associates’ Global Port Tracker report.
Yue Yuen’s footwear manufacturing revenue 5% in Oct. to an implied $481,606,000 from $459,037,000 last year, lapping last month’s 7% improvement.
Sales at Yue Yuen’s retail subsidiary, which operates stores for Nike, Adidas, and many other brands in the PRC, were off 21% in local currency in Oct. to RMB 1,356.7 million ($201.3 mm) and are now down 6% year-to-date to RMB 13,759.4 million.
The licensee of Under Armour, Ugg, Quiksilver, and dozens of fashion and entertainment brands has been acquired by CEO Jason Rabin, group president Jarrod Kahn, and an investor group.
PTON priced its now-$700 million senior secured notes at 8.625%, better than estimates that it would have to pay 9.0% to 9.5% to place the debt.
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