|
Sporting Goods Industry News for May 27, 2026
A one-time benefit from the credit card interchange fee settlement more than offset Foot Locker integration charges in the first quarter, sending net income up 21% to $319,822,000 from $264,288,000 on 63% higher sales of $5,164,504,000 against $3,174,677,000.
The five-month proxy contest between LULU and founder Chip Wilson reached an amicable end Tuesday, with two of Wilson’s director candidates—Laura Gentile, former ESPN marketing chief, and Marc Maurer, former co-CEO of On—joining the board following June 25’s Annual Meeting.
Net income attributable to shareholders inched down 1% to RMB 1,266.8 million ($176.2 mm) from RMB 1,286.0 million for the fiscal year ended Feb. 28 at China’s largest operator of western-brand sportswear retail stores as revenue was off 5% to RMB 25,739.9 million ($3,580.0 mm) from RMB 27,012.9 million.
The Rip Curl, Kathmandu, and Oboz parent said that sales in the fiscal third quarter ended Apr. 26 grew by 5.2%, declining sequentially from the +7.3% result in FH1.
ManU commercial revenue grew 10% in the fiscal third quarter ended Mar. 31 to £82.4 million ($111.4 mm) from £74.7 million, as retail, merchandising, apparel & product licensing improved 36% to £43.9 million ($59.3 mm).
The ratings agency lifted WWW’s corporate family rating to B1 from B2, and bumped up the ratings on its senior unsecured global notes and its speculative-grade liquidity rating by a notch.
|