Net loss narrowed 58% to $38.8 million from a loss of $92.0 million for FQ2 ended Dec. 31, as revenue was off 3% to $656.5 million from $673.9 million on cooler-than-expected sales of the newly launched Cross Training line, dampening other strides in turnaround plans.

Net income ticked down 4% to C$138.0 million ($189.0 mm) from C$143.6 million as revenue posted a 14% (+13% CC) gain to C$694.5 million ($951.4 mm) over C$607.9 million for the fiscal third quarter ended Dec. 28.

Revenue increased 16% for the year, the Berkshire Hathaway-owned brand revealed, including 13% growth in North America, a 22% improvement in EMEA, and 66% gains in APLA, powered by China, which soared 245%.

The outdoor co-op’s membership approved all three candidates for its board of directors at the 2026 annual member meeting held today, a vote of confidence for CEO Mary Beth Laughton at the end of her first year on the job.

Sales at the Swedish outdoor company’s brands division, which includes Fjällräven, Royal Robbins, Brunton, and other brands, grew 40% in the final quarter to €64.0 million ($71.9 mm). Americas sales increased 34% to €28.5 million, while sales in most other regions also improved.

Net income at the owner of The North Face, Helly-Hansen, Canterbury, and other brands for Japan dipped 14% in the third quarter ended Dec. 31 to ¥8,453 million ($56.5 mm) from ¥9,830 million, as sales inched up 1% to ¥43,883 million ($293.2 mm) from  ¥43,466 million in the company’s largest quarter seasonally.

The golf footwear brand received an unspecified investment from holding company 8AM Golf, which has taken an equity stake in Payntr.

JetBlack, the Australian cycling brand, sees a GA district court grant its motion for a preliminary injunction against Wahoo Fitness, and has ordered Wahoo to withdraw its complaint with the International Trade Commission.

Shimano received final court approval on a class action settlement reached last summer regarding defective bonded Hollowtech II road cranksets, of which the company has sold more than 2.8 million worldwide.