|
Sporting Goods Industry News for May 13, 2026
Following a stellar 2025, the Japanese sportswear brand shifted into an even higher gear in the first quarter, with revenues soaring 30% to ¥270,265 million ($1,722.7 mm) from ¥208,313 million, led by the fast-growing SportStyle and Apparel segments and strength in Europe.
Net income dropped 22% to €81,883,000 ($95.8 mm) from €105,113,000 for the fiscal second quarter ended Mar. 31 on 8% (+14% CC) revenue growth to €618,333,000 ($723.4 mm) over €574,330,000, as depreciation of the U.S. and Canadian dollars and various Asian currencies cost the top line 640 b.p.
Profits attributable to shareholders were more than halved to $35,179,000 in the first quarter from $75,758,000 last year, on revenues that ticked down 2% to $1,985,359,000 from $2,029,464,000, as Yue Yuen’s brand customers pulled back on orders, due to weakening consumer sentiment.
The Finnish fishing gear maker’s revenues grew 6% to €69.5 million ($81.8 mm) from €65.3 million, and were up 13% on a constant-currency basis, with strength across all regions.
The Japanese parent of Daiwa fishing and golf posted its strongest improvement of the year, with net income up 150% to ¥427 million ($2.7 mm) from ¥171 million and revenues 6% higher at ¥31,445 million ($200.4 mm) up from ¥29,722 million.
The mobile-first firearms e-tailer swung to a loss of $1,835,000 in the first quarter from income of $95,000, as sales grew by 11% to $25,928,000 from $23,331,000, compared to a less than 2% increase in NSSF-adjusted NICS checks.
The Italian fitness equipment specialist’s consolidated revenues improved 10% in the first quarter to €236.8 million ($278.6 mm) and were up 13% on a constant-currency basis, boosted by strength in both B2B (commercial) and B2C (home) segments.
The two pickleball brands have settled patent infringement claims Joola filed with the International Trade Commission, naming Paddletek’s Reserve, HoneyFoam, and ProXR Signature Jolt paddles.
|