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Latest News 03/05/2026 Clarus Suffers from More Impairments
Net loss narrowed 52% to $31,261,000 from $65,521,000 for the fourth quarter as sales slipped 8% to $65,413,000 from $71,405,000, with the bottom line facing $29.9 million of non-cash goodwill and indefinite-lived asset impairments compared to $44.8 million in the prior year. Smith & Wesson Outperforms in Soft Gun Market
Calling out a 28% increase in handgun unit sales into the sporting goods channel as a key driver, SWBI’s net income jumped 79% to $3,753,000 from $2,102,000 in the fiscal third quarter ended Jan. 31, as sales climbed 17% to $135,709,000 from $115,885,000. Coats Group Sees Big Things Ahead for OrthoLite
The industrial yarn and footwear component supplier’s bottom line improved 29% to $103.4 million in income last year, up from $80.1 million on 2% higher sales of $1,464.9 million against $1,433.0 million, powered by growth in apparel, while footwear faced challenging market conditions. GoPro Cuts Net Loss on OpEx Reduction
Net loss narrowed to $9,104,000 in the final quarter from a loss of $37,191,000 a year ago, on flat revenues at the action camera maker of $201,673,000 against $200,882,000. Athleta Ends 2025 Down Double Digits
Gap, Inc.’s women’s athleisure brand contracted 11% in the fourth quarter to $354 million in revenues, down from $396 million, including a -10% comp. Frasers Becomes Puma’s Second Largest Shareholder
The Sports Direct parent has increased its stake in The Big Cat to 5.77%, according to German stock exchange filings, becoming Puma’s second largest investor behind Anta Sports, which holds 29%. Nike Taking $300 Million Charge for Layoffs
The Eager Beavertons revealed in an SEC filing that they are taking a one-time, $300 million charge in the fiscal third quarter that ended Feb. 29 to pay for employee severance costs. Beretta Calls Out Sturm, Ruger for Weak 2025
Following RGR’s tepid 2025 results, the Italian gunmaker, which is nearly a 10% RGR shareholder, accused it of buying sales at the expense of margins in a release supporting the four candidates Beretta has proposed for Sturm, Ruger’s board. Etcetera: Johnson Outdoors, StockX, Xebio, Skechers
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