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Sporting Goods Industry News for June 09, 2026
Net income improved by 14% in the first quarter to $52,703,000 from $46,084,000, as the top line grew 7% to $1,442,003,000 from $1,351,409,000, helped by 21 new stores and a return to positive comps, +2.9% against -3.7% last year.
Net results attributable to DBI bounced back to $1,159,000 in the first quarter, reversing last year’s loss of $17,816,000, as sales grew 1% to $696,350,000 from $686,909,000, with total comps down 1.1%.
The Chinese footwear and apparel company warned that its bottom line will swing to a loss of around RMB 180 million ($26.0 mm) down from a profit of RMB 207 million for its fiscal year ended Mar. 31.
May sales at sporting goods, hobby, music, and book stores grew 8.59% year over year on an unadjusted basis, but only eked out a 0.25% increase seasonally adjusted, according to the CNBC/NRF Retail Monitor.
Handgun imports fell 26% in Mar., to 244,264 units, according to ITC data compiled by the NSSF, including a 26% drop in pistol imports to 223,863 units, while revolver imports declined 20% to 20,401 units.
Following last month’s action by Abby Steiner, Jamaican sprinter Damion Thomas Jr., and American 400-meter specialist Champion Allison have filed suit in the Massachusetts state court against The Big Cat and technical partner Mercedes F1.
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