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Daily News Feed 03/02/2026 Sturm, Ruger Vows to Improve in 2026 as Proxy Battle Looms
Profits in the final quarter tumbled by two-thirds to $3,485,000 from $10,477,000, driven by plunging gross margins, despite a 4% increase in revenues to $151,062,000 from $145,775,000. ThredUp Narrows Loss as Sales Grow Double Digits
The online resale platform posted a net loss of $5,575,000 for the fourth quarter, down 74% from $21,707,000 a year ago, on 18% revenue growth to $79,704,000 from $67,276,000 as active buyers increased 30% to 1.65 million and orders increased 27% to 1.56 million. Woom Sees Innovation Drive Record Sales
The children’s bicycle brand said its sales increased by 27% to a record €149 million ($167 mm) in the final quarter of FY25, up from €117 million in the prior quarter, as it plans an aggressive expansion in the U.S. market. Palero Buys Zeiss Hunting & Nature
The German investment company, which focuses on carve-outs in the small- and medium-sized segment, has agreed to acquire Zeiss’ Hunting & Nature business, which is being spun off into a new company.
The former CEO of baseball equipment supplier All-Star and Sporting Goods Industry Hall of Famer passed away on Feb. 24 at the age of 73 after a battle with cancer. Etcetera: A4, Dick’s SG, Nike, Giant
02/27/2026 Escalade Net Gains on Margin Expansion
Net income in the final quarter shot up 37% to $3,703,000 from $2,700,000 on 2% lower sales of $62,560,000 against $63,942,000, as improved archery, billiards, and games were not enough to offset soft demand across other categories. Chip Wilson Says LULU Board is Stonewalling
In a public letter updating the progress of his discussions with Lululemon’s board of directors, company founder and former CEO Chip Wilson said the response so far has been “weak and insufficient.” Misto Holdings Scion Takes Charge
The Fila and Acushnet parent formally gave company control to president and CEO Kevin Yoon, as his father, founder and chairman Gene Yoon, transitioned to the role of honorary chairman. Pou Sheng Warns of Lower Profits to Finish the Year
Troubles continue for western sneaker brands in China, as the retail subsidiary of Yue Yuen is forecasting net income attributable to shareholders will be down around 57% for the fiscal fourth quarter ended Dec. 31 to RMB 211,000,000 ($29.3 mm), hurt by increased promotional activity. Mainland Headwear’s Bottom Line Soars
The Hong Kong-based cap and apparel maker said that 2025 net income increased by at least 75% to around HK$100 million ($12.8 mm) from HK$57 million in 2024. GoPro Scores Partial Win after ITC Investigation
GPRO sees the International Trade Commission uphold an earlier ruling, finding that Arashi Vision (dba Insta360) is infringing on its Hero camera design, while reversing other infringement claims.
02/26/2026 Puma’s Annus Horribilis Concludes with More Work Ahead
The Big Cat deliberately sacrificed revenues in the final quarter of 2025 to reset distribution, brand image, and the cost base, CEO Arthur Hoeld said, hoping to build a foundation for profitable growth, but 2026 will be a transition year at best. Basics Juggernaut Gildan Gains from Hanesbrands Acquisition
Net income slipped 58% to $56.1 million from $132.3 million for the fourth quarter as sales jumped 31% to $1,078.5 million from $821.5 million on the addition of $217 million in Hanesbrands sales from Dec. 1, while organic growth was up 5%. Wolverine Worldwide Posts Solid Gains and Guides for More
Net income jumped 37% to $32.5 million over $23.8 million in the fourth quarter on 5% revenue growth to $517.5 million from $494.7 million as Active Group gains of 12% to $372.7 million offset a 11% lower Work Group sales of $134.0 million. Acushnet Aims for 2026 Growth after Profits Slip
Net loss in the seasonally small final quarter expanded to $34,901,000 against a loss of $1,116,000, in part due to a $17 million loss on debt extinguishment, despite 7% higher revenues of $477,224,000 up from $445,169,000. Fox Factory Sinks on Huge Q4 Impairment
A $295.2 million goodwill impairment related to a decline in share price sent FOXF’s net loss ballooning to $286,995,000 from $141,000 for the fourth quarter on a 2% improvement in sales to $361,072,000 from $352,837,000. Super Retail Group’s Sports Banners Have Solid Half
Rebel Sport posted sales of A$740.4 million ($477.7 mm) for the fiscal first half ended Dec. 27, up 5% from A$706.5 million, as demand patterns varied throughout the period and promotional activity ramped up in the second quarter. Compass Diversified Sports Brands Close Tumultuous Year
Against the distractions of CODI’s Lugano jewelry subsidiary bankruptcy last year, its 5.11, Primaloft, Boa, and Velocity Outdoor businesses mostly posted positive results in the final quarter. Globe’s Profits Hurt by U.S. Tariffs in First Half
The bottom line declined 28% to A$3,418,000 ($2.2 mm) for the fiscal first half ended Dec. 31, from A$4,759,000 prior, on revenue that ticked up 3% to A$98,206,000 ($63.4 mm) from A$95,291,000. Sturm, Ruger Faces Proxy Challenge from Beretta
After announcing its own board refresh earlier this week, RGR now sees 9.95% shareholder Beretta Holding S.A. nominate a slate of four independent director candidates for the company’s 2026 annual meeting.
Todson is recalling about 40,245 Concord 360 degree rechargeable light-up bike helmets because they don’t comply with retention system and positional stability requirements of the mandatory safety standard. Etcetera: Range USA, Sarsilmaz
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