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Sporting Goods Industry News for November 12, 2026
Net income attributable to shareholders rose 162% to $65.8 million from $25.1 million in the third quarter, helped by a $35.3 million IEEPA tariff refund, as revenue increased 7% to $505.4 million from $470.3 million.
The Chinese manufacturing and retail giant’s net income attributable to shareholders was more than halved to $134,004,000 from $278,717,000 for the first nine months of 2026, on 2% lower revenues of $5,889,248,000 from $6,017,405,000, in line with previous guidance.
Profits slipped 6% in the fiscal second quarter ended Sep. 30 to ¥4,680 million ($29.4 mm) from ¥4,996 million last year, as revenues increased 7% to ¥67,584 million ($424.5 mm) from ¥62,980 million on double-digit growth in the U.S. and Europe.
Third-quarter profit rose 13% to $44,373,000, up from $39,400, on a 4% increase in sales to $509,417,000 from $487,766,000, driven by gains in drinkware, international, and wholesale.
Net loss expanded 38% to $20,754,000 from $15,026,000 in the third quarter, as revenues fell 18% to $43,719,000 from $53,038,000.
Net income attributable to shareholders plummeted 41% to HKD 120,171,000 ($15.3 mm) from HKD 204,513,000 in the fiscal first half ended Sep. 30, as revenues fell 3% to HKD 3,223,665,000 ($411.2 mm) from HKD 3,323,910,000.
SportChek and Canadian Tire’s other sporting goods banners grew sales 3% in the third quarter to C$607.0 million ($433.6 mm) from C$591.6 million, with comps up 3.2%, lapping a +4.0% comp in Q3 ‘25.
Revenues at Sumitomo Rubber’s sports division increased by 19% in the third quarter to ¥34,004 million ($213.6 mm) from ¥28,479 million last year, and operating profit grew eightfold to ¥5,262 million ($33.1 mm) from ¥609 million.
The South African protective equipment maker’s bottom line soared more than fourfold to $2,203,902 in the third quarter from $539,256 prior on sales that grew 43% to $20,458,825 up from $14,343,992.
The firearms e-tailer’s Q3 sales declined 5% to $21,230,000 from $22,267,000, lapping last year’s momentum after its IPO, and the net loss narrowed by 21% to $3,047,000 from $3,838,000.
Net loss at the high-end golf equipment maker narrowed to $1,239,000 from a loss of $1,580,000, as revenues declined 47% to $1,368,000 from $2,582,000 prior.
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