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Sporting Goods Industry News for May 06, 2026
Net income slipped 18% to $81,416,000 from $99,372,000, lapping last year’s pre-tax gain from the FootJoy joint venture deconsolidation, as revenues increased 7% to $752,975,000 from $703,372,000 in the seasonally important first quarter.
The U.K.-based sportswear brand’s parent company saw revenues grow 76% in the 18-month fiscal year ended Aug. 3, 2025, hitting £334,623,000 ($440.3 mm) up from £190,343,000 for the 12 months ended Feb. 4, 2024, but the net loss expanded to £40,305,000 ($53.0 mm) from a loss of £25,799,000.
Weighed down by severance payments and costs related to its just-resolved battle with Beretta Holdings, RGR posted a bare $128,000 in Q1 profit, down 98% from $7,768,000 last year, as revenues increased 4% to $141,356,000 from $135,738,000.
Net income dipped 24% to BRL 80,133,000 ($15.2 mm) from BRL 106,065,000 in the first quarter as revenue grew 11% to BRL 776,382,000 ($147.5 mm) over BRL 701,194,000 on growth across brands in an increasingly promotional environment.
CODI’s sports brands presented a mixed bag in the first quarter, led by a 7% sales increase at BOA to $52,107,000, driven by adult premium performance growth across cycling, workwear, outdoor, and snow sports.
Net loss narrowed at the recycled and synthetic yarn maker in the fiscal third quarter ended Mar. 29 to $2,306,000 against a loss of $16,794,000 on 11% lower revenues of $130,037,000, down from $146,557,000, aided by significant cost-reduction initiatives.
Rebel Sport’s same-store sales grew 1% for the 17-week period ending Apr. 30, while SRG’s outdoor banners BCF and Macpac comped down 3%, and up 3%, respectively.
In another missive to shareholders imploring them to vote for his Lululemon board candidates, Marc Maurer, Laura Gentile, and Eric Hirshberg, founder Chip Wilson spelled out several key pillars he believes LULU must follow to improve its business.
The apparel, accessories, and equipment brand appointed Scott Kerslake as acting president, effective May 11, succeeding Roger Barton, who is departing after eight years at the company.
Thule inked an agreement to acquire Swiss-based Curli AG, which makes dog harnesses for cars and bikes, for undisclosed terms.
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