|
Daily News Feed 05/06/2026 Titleist Clubs and Balls Drive Acushnet’s First Quarter
Net income slipped 18% to $81,416,000 from $99,372,000, lapping last year’s pre-tax gain from the FootJoy joint venture deconsolidation, as revenues increased 7% to $752,975,000 from $703,372,000 in the seasonally important first quarter. Castore Sales Accelerate in U.S.
The U.K.-based sportswear brand’s parent company saw revenues grow 76% in the 18-month fiscal year ended Aug. 3, 2025, hitting £334,623,000 ($440.3 mm) up from £190,343,000 for the 12 months ended Feb. 4, 2024, but the net loss expanded to £40,305,000 ($53.0 mm) from a loss of £25,799,000. Sturm, Ruger Barely Breaks Even on One-time Costs
Weighed down by severance payments and costs related to its just-resolved battle with Beretta Holdings, RGR posted a bare $128,000 in Q1 profit, down 98% from $7,768,000 last year, as revenues increased 4% to $141,356,000 from $135,738,000. Vulcabras’ Sales Grow, but Profits Pressured
Net income dipped 24% to BRL 80,133,000 ($15.2 mm) from BRL 106,065,000 in the first quarter as revenue grew 11% to BRL 776,382,000 ($147.5 mm) over BRL 701,194,000 on growth across brands in an increasingly promotional environment. Compass Sports Brands Post Mixed Q1
CODI’s sports brands presented a mixed bag in the first quarter, led by a 7% sales increase at BOA to $52,107,000, driven by adult premium performance growth across cycling, workwear, outdoor, and snow sports. Unifi Trims Loss on Lower Sales
Net loss narrowed at the recycled and synthetic yarn maker in the fiscal third quarter ended Mar. 29 to $2,306,000 against a loss of $16,794,000 on 11% lower revenues of $130,037,000, down from $146,557,000, aided by significant cost-reduction initiatives. Super Retail Group’s Comps Improve
Rebel Sport’s same-store sales grew 1% for the 17-week period ending Apr. 30, while SRG’s outdoor banners BCF and Macpac comped down 3%, and up 3%, respectively. Lululemon Founder Lobbies for Board Change
In another missive to shareholders imploring them to vote for his Lululemon board candidates, Marc Maurer, Laura Gentile, and Eric Hirshberg, founder Chip Wilson spelled out several key pillars he believes LULU must follow to improve its business. Outdoor Research Taps Athleta Founder as Interim President
The apparel, accessories, and equipment brand appointed Scott Kerslake as acting president, effective May 11, succeeding Roger Barton, who is departing after eight years at the company. Thule Acquires Dog Harness Maker, Issues Bond
Thule inked an agreement to acquire Swiss-based Curli AG, which makes dog harnesses for cars and bikes, for undisclosed terms. Etcetera: Dick’s, Salomon, Nidecker, Skechers, Capelli Sport
05/05/2026 RevolutionRace Q1 Profits Grow on Flat Sales
Net income increased 32% to SEK 83 million ($9.1 mm) in the first quarter from SEK 63 million, on flat sales of SEK 487 million ($53.3 mm) compared to SEK 486 million, which would have been up 5% constant currency. Xebio Warns of Impairment Losses
The Japanese retailer said its bottom line for the fiscal year ended Mar. 31, 2026, would swing to a loss of ¥2,141 million ($13.6 mm), down from a ¥971 million profit, and would fall short of its forecast for net income of ¥236 million ($1.5 mm). Footwear Sales Driven by Higher Prices in Q1
Total shoe sales in the first quarter inched up 1% year over year, while overall units sold declined, as higher average selling prices propped up the top line, according to Circana research. Bogs Sales Continue Sliding in Q1
Revenues from Weyco’s waterproof boot brand declined 11% in the first quarter to an implied $5.6 million, pressured by weak ordering trends from retail partners. Skechers Parent Scores Upgrade from S&P Global
S&P upgraded Beach Acquisition Co. Parent LLC’s (dba Skechers) first-lien debt to BB from BB- and maintained its BB- issuer credit rating on the proposed repricing of term loans due in 2032. Colt CZ USA Has a New Petr in Charge
The U.S. operation of Colt CZ group is getting a new CEO and head of operations in Petr Palecek, succeeding Petr Pistelak, who is moving back to the Czech Republic to oversee international sales for Colt and Dan Wesson. Wolverine Worldwide Elevates Three in Work Group
The Merrell and Saucony parent promoted its Work Group chief product officer, Mike Maloney, to global general manager of the Wolverine brand, a newly created role. Etcetera: Genesco, Silencer Central, Monday, Ocean & Earth, Shade Headwear
05/04/2026 REI Slashes Loss as Sales Return to Growth
REI chief Mary Beth Laughton finished her first year at the co-op’s helm with a dramatically improved bottom line, benefiting from cost-cutting and other initiatives under her Peak 28 turnaround plan. Descente Sales Lag to Finish the Year
The Itochu-owned brand said its net income declined 22% in the fiscal fourth quarter to ¥2.9 billion ($18.5 mm) from ¥3.7 billion, as revenues narrowed 4% to ¥35.0 billion ($0.2 mm) from ¥36.3 billion. ThredUp Posts Mid-Teens Sales Growth
The apparel and footwear resale marketplace’s net loss expanded 24% to $6,472,000 from $5,215,000 in the first quarter, on 15% higher sales of $81,671,000, up from $71,291,000, as active buyers grew by 25% to 1.71 million. Sturm, Ruger Makes a Deal with Beretta
After months of trading snippy press releases, RGR has agreed to allow Beretta Holding S.A. to acquire up to 25% of its outstanding shares from current shareholders in a tender offer priced at a 20% premium. Academy Sports Issuing New Debt to Extend Maturities
ASO is issuing $500 million of 5.875% senior secured notes due in 2031, and plans to use the net proceeds to refinance its existing $400 million senior secured notes due Nov. 2027 and fully repay the remaining $85 million balance under its term loan B due Nov. 2027. Rack Room Shoes Hires Famous Footwear Veteran
The value-focused footwear retailer tapped Mike Edwards as CEO, succeeding Mark Lardie, who is stepping down from the role after 14 years. Compass Diversified Closes Sterno Sale
The 5.11, BOA, PrimaLoft, and Velocity Outdoor parent will be on a firmer financial footing with $280 million in total proceeds from the sale of the food service business, SternoCandleLamp Holdings, Inc., to Archer Foodservice Partners. NICS Checks Grow in April, NFA Soars
NSSF’s adjusted NICS FBI background checks increased for the third month in a row, rising 1.6% to 1,193,428 in Apr. from 1,174,294, and are up by the same percentage for the year so far. Etcetera: Game One, Tisas Arms
|
