|
Sporting Goods Industry News for July 30, 2026
The Big a touted a huge top-line benefit from World Cup jersey sales and other merchandise in the second quarter, with a 34% jump in apparel sales pushing total revenues up 13% to €6,743 million ($7,841 mm) from €5,952 million.
Net income tallied $204,887,000 against last year’s loss of $492,282,000 for the second quarter on a lap of a $737 million impairment charge on Heydude goodwill as revenue ticked up 3% to a record $1,179,468,000 over $1,149,373,000.
In the seasonally smallest quarter where COLM usually reports red ink, a $78 million tariff refund helped boost the bottom line to a profit of $26,553,000 against a $10,196,000 loss, as revenues increased 2% to $614,362,000 from $605,246,000.
The bottom line swung to a $50.0 million loss from last year’s $137.9 million in profit as net sales were up 72% to $1,582.5 million from $918.5 million from the Hanesbrands Acquisition, with gains in all geographies, but declining 8% on a pro forma basis.
Net loss narrowed 26% to C$93.0 million ($63.9 mm) from C$125.5 million for the fiscal first quarter ended June 28, as revenue increased 10% to C$118.9 million ($84.4 mm) from C$107.8 million on direct-to-consumer gains and a comeback for wholesale.
Net income quintupled to $9,431,000 from $1,825,000 on sales that were up 6% to $57,702,000 against $54,333,000 for the second quarter, driven by archery, including the incremental contribution from its Sep. acquisition of Gold Tip.
Revenues from Olin Corp.’s ammunition segment increased 12% to $500.3 million from $447.6 million in the second quarter on a rebound in commercial ammo sales combined with higher military project revenue.
Academy Retail Media is the name of ASO’s new advertising network aimed at connecting brand partners with the retailer’s 52 million customers.
|