|
Sporting Goods Industry News for July 29, 2026
VFC generally reports a net loss in its seasonally small fiscal first quarter, but the red ink improved 17% from a year ago to $97,152,000 against a loss of $116,408,000 as revenue ticked down 5% to $1,669,379,000 from $1,760,666,000 and up 1% backing out Dickies last year.
The gunmaker returned to profitability in the second quarter, tallying net income of $6,981,000 against a loss of $17,226,000 that included $26.4 million in writedowns and restructuring costs, as revenues jumped 19% to $158,058,000 from $132,491,000.
GRMN’s Fitness segment revenues increased 25% to $756,823,000 from $605,425,000 in the second quarter, driven by broad-based demand for wearables, sending operating income up 40% to $277,039,000 from $197,630,000.
Net income at the Indonesian retailer improved 22% in the second quarter to IDR 393,814 million ($22.5 mm) from IDR 322,440 million last year, on sales that came in 15% higher at IDR 5,168,029 million ($294.7 mm), up from IDR 4,475,202 million.
The MI-based outdoor and equipment maker inked an agreement to acquire Blackfin Rods, adding it to its portfolio of brands, which include ScentLok, Blocker Outdoors, Whitewater Fishing, Hardcore Waterfowl, and TUO Gear.
The buying network for independently owned outdoor retailers named new officers and elected one new member to its nine-person board at its recent Connect Show, which was held in June.
|