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Sporting Goods Industry News for August 18, 2026
Profits jumped over fivefold to $117.8 million from $22.4 million in the second quarter, including a $50.1 million net benefit from IEEPA tariff refunds, as revenue increased 32% to $1,632.6 million from $1,236.3 million.
Net income attributable to equity holders increased 8% in the first half to RMB 925,938,000 ($136.0 mm) from RMB 857,690,000 on sales that grew by the same percentage to RMB 6,159,781,000 ($904.5 mm) from RMB 5,704,830,000.
Net income attributable to shareholders at the Taiwanese footwear and sporting goods manufacturer improved 41% to TWD 1,014.0 million ($21.1 mm) in the second quarter from TWD 719.6 million, on flat sales of TWD 20,379.7 million ($645.1 mm) against TWD 20,400.0 million.
The Taiwanese exercise equipment maker’s profits attributable to shareholders grew more than eightfold to TWD 969.2 million ($30.7 mm) from TWD 111.9 million, on 8% higher sales of TWD 13,266.9 million ($420.0 mm) up from TWD 12,305.7 million.
Mirroring Giant Group’s recent turnaround, Taiwan’s smaller bicycle manufacturers, Merida Industry and Ideal Bicycle, also posted positive trends in the second quarter.
After starting the year with five new stores in the first half, ASO opened two more stores so far this quarter, in St. Clairsville, OH, and Kerrville, TX, on its way to a fiscal 2026 target of 20 to 25 new locations.
An OR district court judge dismissed the complaint against ONON alleging it sold defective shoes because their soles create a noisy and embarrassing squeak.
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