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Sporting Goods Industry News for August 25, 2026
Weaker-than-expected results from Big Foot contributed to a 17% drop in net income to $315,461,000 in the second quarter, down from $381,402,000, but incremental sales from the acquisition sent revenues 53% higher to $5,586,815,000 from $3,646,616,000.
Net income attributable to shareholders was off 11% to RMB 817,888,000 ($122.7 mm) from RMB 913,568,000 for the first half as revenue inched down 1% to RMB 6,794,917,000 ($1,019.2 mm) from RMB 6,837,642,000.
Net income at the Chinese apparel supplier plummeted 40% to RMB 1,904,563,000 ($279.7 mm) from RMB 3,176,836,000 on 5% lower sales of RMB 14,179,177,000 ($2,082.1 mm) against RMB 14,966,384,000.
The smart ring maker is planning to raise up to $3 billion in an IPO as early as Sep., which could value Oura at more than $16 billion, Bloomberg reported, citing sources close to the matter.
The Finnish materials technology company intends to pursue an IPO and list on the Nasdaq Capital Market, in addition to its existing listing in Helsinki. Spinnova confidentially submitted its F-1 registration statement to the SEC, which it said could be filed in the near future.
ESCA is acquiring ASL Solutions, an IL-based manufacturer of insulated dog and cat houses and accessory products, adding complementary rotational molding expertise and diversifying its current product line.
National Park recreational visits declined 3% year-over-year in July to 40,347,663 from 41,557,092 in the seasonally huge month, while year-to-date visits are down 1% to 189,576,492 from 191,307,991.
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