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Sporting Goods Industry News for October 22, 2026
The bottom line expanded by 14% to $315,685,000 from $277,130,000 for the fiscal second quarter ended Sep. 30, helped by $49.0 million of IEEPA tariff refunds and interest, on 3% higher revenues of $1,480,554,000 up from $1,430,840,000.
Net income rose 25% to SEK 393 million ($39.3 mm) from SEK 314 million ($31.4 mm) in the fiscal third quarter, on 3% higher sales of SEK 2,603 million ($26.0 mm) from SEK 2,528 million.
Sales fell 2% (flat CC) to €605.5 million ($696.9 mm) from €615.6 million in the third quarter, while the Moncler brand slipped 3% (-1% CC) to €499.6 million from €514.2 million.
Revenues at the Swedish helmet tech company improved 59% in the third quarter to SEK 215 million ($22.9 mm) from SEK 135 million, while net income was up 15% to SEK 39 million ($4.2 mm) from SEK 34 million.
Sales were down 28% (-29% CC) to SEK 26,340,000 ($2.8 mm) from SEK 36,363,000 for the third quarter ended Sep. 30, swinging to an operating loss of SEK 4,374,000 ($4.7 mm) against a profit of SEK 1,453,000.
The U.K. sportswear brand is in talks over a possible sale after attracting interest from Chinese sportswear groups Anta and Li-Ning and several large U.S. footwear brands, co-founder Tom Beahon told the Financial Times.
The Nike, North Face, and Boardriders veteran is the latest addition to Puma’s recently renovated C-suite, coming on board as The Big Cat’s new chief commercial officer.
The long-awaited final addition to LULU’s board is its former chief product officer, Tara Poseley, who was most recently CEO of Paula’s Choice Skincare from 2016 to 2023.
Boston-based athletic footwear startup Unsung has launched its first product, the Snapback Trainer, aimed at team sports athletes for workouts that require speed, agility, and rapid changes of direction.
Pon.Bike-owned Cycling Sports Group, which is the parent company of Cannondale and Schwinn, will lay off 143 workers at its Wilton, CT, office starting in Dec., according to a WARN notice posted with the state.
Skechers and several of its top executives and board members were hit with a proposed class action in CA district court brought by SM Merger/Arbitrage, accusing them of making false statements surrounding last year’s $9.4 billion acquisition by 3G Capital.
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