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Sporting Goods Industry News for December 09, 2025
Academy’s expanding fleet powered a 3% increase in third-quarter revenues to $1,383,696,000 from $1,343,330,000, overcoming a -0.9% comp, as gross margin improvement helped the bottom line grow 9% to $71,562,000 from $65,763,000.
Net income attributable to Caleres, Inc. plunged 94% to $2,386,000 from $41,427,000 on 7% higher sales of $790,051,000 up from $740,941,000, as the recent Stuart Weitzman acquisition bolstered the top line but onboarding expenses dinged the bottom line.
Net income increased 46% to $19,318,000 from $13,214,000 for the third quarter, helped by ongoing expense discipline, on sales that were down 3% to $752,411,000 from $777,194,000 with a total comp decline of 2.4%.
Net income slipped by a third to $2,075,000 from $3,111,000 in the fiscal second quarter ended Oct. 31 on 5% lower revenues of $57,199,000, down from $60,232,000.
The fashion-focused apparel maker’s first line of Converse apparel launched in the quarter and delivered strong results, helped by Nike providing additional global distribution channels beyond the usual U.S. wholesale partners.
Leatherman promoted Kris Hamper to president and CEO, effective Jan. 1, succeeding Ben Rivera, who has served in the role since 2013.
The gun cleaning systems and accessories maker elevated Brad McIntyre to CEO, effective Jan. 1, succeeding Bill Kleftis, who will remain with the company as an advisor through the first quarter to ensure a seamless transition.
The Gap-owned brand scored a partial victory as the U.K. Court of Appeals ruled that Sports Group Denmark (SGD) is free to continue using its Athlecia mark in the U.K., but it must refresh its logo.
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