Sporting Goods Industry News for May 08, 2025
The Big Cat maintained its FY25 outlook, excluding any potential impacts from U.S. tariffs, in reporting Q1 net income just above breakeven at €0.5 million, down from €87.3 million, on revenues that were off 1% on a reported basis to €2,076.0 million ($2,185.3 mm) from €2,102.3 million.
The molded footwear maker suspended guidance amidst tariff uncertainty, reporting good trends continuing in April out of Q1 but declining to predict how long positive consumer demand will hold up or the finer points of tariff impact.
Net income was $11.1 million in the first quarter against a loss of $14.5 million last year that included a $6.1 million impairment charge, as growth from Saucony and Merrell pushed revenue 4% higher to $412.3 million from $394.9 million, exceeding guidance on the top- and bottom-lines.
The drinkware and cooler brand is still predicting green arrows in its FY ‘25 guidance, though optimism is tempered from its prior forecast due to tariff uncertainty, now expecting adjusted sales up 1% to 4%, downgraded from 5% to 7% on a 300 b.p. headwind from supply disruptions and diversification efforts.
The connected fitness company reported lower quarterly sales and another loss amid a general slowdown in consumer spending and economic uncertainty fueled by potential tariffs.
Parent Canadian Tire’s sporting goods banners came back strong in the first quarter, with 6% higher revenues of C$412.3 million ($288.3 mm) up from $387.7 million, including a +6.3% comp and one fewer store.
A $262.1 million non-cash goodwill impairment charge sullied an otherwise decent first quarter, resulting in a net loss of $259,694,000 against a loss of $3,496,000 last year, on 6% higher revenues of $355,030,000 up from $333,472,000.
Net loss in the first quarter was $5,244,000 against a $21,884,000 profit last year that including a $28.3 million from the since divested ammo business, as revenues from continuing operations declined 13% to $60,433,000 from $69,311,000.
Despite the Q1 results, senior management said the company is confident about BIRD’s long-term trajectory due to its marketing and product development work over the last year.
Without Champion on the books, HBI no longer breaks out activewear sales, which represent a smaller fraction of the overall top line, but improved mid-single digits in the first quarter.
The Italian fitness equipment specialist’s consolidated revenues improved 15% in the first quarter to €215.0 million ($226.3 mm), buoyed by growth in both B2B (commercial) and B2C (home) segments.
Rebel Sport’s same store sales increased 4% for the 17-week period ending Apr. 30, while SRG’s outdoor banners BCF and Macpac comped up 9%, and were flat, respectively, driven by positive momentum at BCF.
The Eager Beavertons and social media influencer Eben Fox (a.k.a. Cedaz) have reached a deal to settle a 2023 trademark infringement suit that accused the defendant of peddling counterfeit goods to tens of thousands of users.
Igloo is recalling about 155,900 90-quart Flip & Tow rolling coolers because the tow handle can pinch consumers’ fingertips against the cooler body.
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