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Daily News Feed 05/11/2026 GoPro Reviewing Strategic Alternatives after Down Quarter
Another weak quarterly result has the action camera maker considering a sale of the company or a merger to maximize shareholder value, CEO Nicholas Woodman revealed on its Q1 conference call. Trump’s Section 122 Tariffs Ruled Illegal
In a decision that will surely be appealed, the Court of International Trade in New York has ruled that the 10% tariff on all U.S. imports that the Trump Administration imposed in Feb. is illegal. Yue Yuen Manufacturing Improves, but Retail Flat in April
Yue Yuen’s footwear manufacturing revenue improved 8% in Apr. to an implied $502,976,000 from $467,566,000 last year, while total revenues at the Chinese company grew 7% to $701,514,000 from $658,310,000 for the month. Nike Faces Class Action over Tariff Refunds
Echoing several earlier suits, seven consumers who purchased Nike products imported from countries subject to the IEEPA tariffs are suing the Eager Beavertons for their share of the refunds due, following the Supreme Court’s Feb. decision that the tariffs were illegal.
Favoto is recalling about 2,200 bicycle helmets because they don’t comply with requirements for positional stability, labeling, and certification. Etcetera: Asics, Adidas, CMC Triggers
05/08/2026 NSGA Logs Broad Participation Gains in New Study
Green arrows won the day on sports and recreational participation charts as nine out of 10 tracked segments posted gains, and post-pandemic winners continued their ascent in the trade association’s Sports Participation in the United States 2026 edition.
The world’s largest bike maker’s bottom line swung to a loss of TWD 199.8 million ($6.3 mm) from a profit of TWD 367.6 million, on 26% lower revenues of TWD 12,523.5 million ($395.1 mm). Alpargatas Posts Record Havaianas Sales
Net income from continuing operations was up 49% to BRL 177.6 million ($33.7 mm) from BRL 119.1 million in the first quarter, driven by 13% revenue growth to BRL 1,229.5 million ($233.6 mm) from BRL 1,092.5 million, mostly from BRL 1,216.6 million in Havaianas sales. Johnson Outdoors Boosted by Fishing
Net income grew more than fourfold in the fiscal second quarter ended Apr. 3 to $9,409,000 from $2,304,000 on a 16% gain in revenues to $194,480,000 from $168,349,000. Retail Imports Gain in March, but Tariffs Impact Comparisons
Imports exceeded projections in Mar., inching up 1% to 2.16 million Twenty-Foot Equivalent Units, rebounding sequentially from the Lunar New Year factory shutdowns in China, according to the NRF and Hackett Associates. Etcetera: PGA Tour Superstore, Dick’s, Target Sports USA, Dunkman, Tisas Arms, Imperial
05/07/2026 JD Sports’ North American Comps and Profits Fall
North America accounted for 38% of JD Sports’ sales last year, growing 13% to £4,779 million ($6,288 mm) from £4,242 million, with 3% constant-currency organic growth excluding acquisitions and disposals, while same-store sales declined 1.8%. Callaway Bumps Guidance after Strong Start to Year
With Jack Wolfskin a distant memory and a majority share in Topgolf divested, Callaway’s net income from continuing operations increased 18% in the first quarter to $74.9 million from $63.4 million, as revenues grew 9% to $687.5 million from $629.6 million. Fox Factory Sales Improve, but Marucci Struggles
Net loss attributable to shareholders narrowed to $14,996,000 in Q1 from last year’s $259,694,000 loss that included a $262.1 million impairment charge, while sales improved 4% to $368,657,000 from $355,030,000. Helly Hansen Grows Mid-Teens for Kontoor Brands
Helly Hansen revenues were up 16% in Q1 to $176,010,000, contributing $0.26 of its new parent company’s $1.06 adjusted EPS result, a 67% improvement from a year ago.
The connected fitness company’s net income was $26.4 million in the third quarter against a loss of $47.7 million, on sales that inched up 1% to $630.9 million from $624.0 million. Clarus Lowers Forecast, Will Explore Sale
Net loss in the first quarter was $3,295,000 against a loss of $5,244,000 last year, as revenues from continuing operations grew 2% to $61,938,000 from $60,433,000. Winchester Profits Slip on Higher Sales
Strong military sales and growth in commercial ammo sent revenues up 21% to $470.5 million from $388.0 million in the first quarter, but operating income at the Olin Corp. segment tumbled by a third to $15.2 million from $22.8 million. Etcetera: Fanatics, Marathon Sports, NoSweat, Adidas, Lotto
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