May 06, 2021 Peloton Margins Squeezed by Shipping in FQ3
Net loss narrowed to $8.6 million in the fiscal third quarter ended Mar. 31 from a loss of $55.6 million last year, on revenues that grew 141% to $1262.3 million from $524.6 million with both equipment and subscription revenue improving triple digits. Acushnet Rides Golf Boom Into Q1
Net income attributable to shareholders rocketed 857% higher to $84,958,000 in the first quarter from $8,877,000 last year, on revenues that were up 42% to $580,885,000 from $408,741,000 and increased 34% over 2019. Vista Outdoor Sees Broad-Based Q1 Gains
A net profit of $67,012,000 in the fourth fiscal quarter ended Mar. 31 eclipsed a $141,214,000 loss last year that included a $156 million impairment charge, as revenues expanded 40% to $596,524,000 from $426,311,000. Sturm, Ruger Logs Another Big Quarter
Net income soared 149% to $38,192,000 from $15,338,000 in the first quarter on 49% higher revenues of $184,377,000 up from $123,639,000 as consumer demand remained very strong though the period. Delta Apparel Bottom Line Improves in FQ2
Net income was up 235% to $4,398,000 from $1,311,000 on 12% higher revenues at $108,626,000 over $96,660,000 for the fiscal second quarter ending Apr. 3. Report: Reebok Heads to Auction
The Big a is projecting that Reebok’s revenues will grow at a CAGR of 10% going forward, generating EBITDA of at least €200 million by 2025, and has asked prospective buyers for the brand to submit bids next week, according to Reuters. Fox Factory Results Gain from Strong Bike Sales
Profits more than quadrupled in the first quarter to $37,986,000 from $8,250,000 on 52% higher sales of $281,136,000 up from $184,361,000 driven by an 86% jump in Specialty Sports Group sales from both OEM and aftermarket bicycle component channels. GoPro’s DTC Strategy Begins to Pay Off
Net loss improved to $10,168,000 in Q1 from a loss of $63,528,000 last year on 71% higher revenues of $203,680,000 up from $119,400,000 driven by a 224% increase in DTC e-commerce to $82 million, or 40% of revenue. Xinjiang Backlash Hits Western Brands’ Tmall Sales
Adidas and Nike online sales on Alibaba’s popular Tmall marketplace tumbled 78% and 59%, respectively, last month, according to a research note from Morningstar that was widely reported. Academy Prices Offering at $32 Per Share
The retailer will pay $103 million to repurchase and retire 3,229,974 shares of the potential 16.1 million share offering at a price of $32 per share. Oura Health Raises $100 Million
The maker of the Oura Ring sleep and activity tracker raised $100 million in Series C funding at an unspecified valuation, bringing the company’s total to $148.3 million. Daiwa USA Elevates Carey Graves to President
The U.S. operation of the Globeride-owned fishing equipment brand promoted Graves to succeed Trevor Teragaki, who will become chairman and also represent Daiwa USA on the parent company’s board. Galaxy Universal Acquired by Gainline Capital
Private equity firm Gainline Capital Partners is buying Galaxy Universal, which is helmed by E.S. Originals founder Eddie Esses. Etcetera: Hibbett, Clarus, Arc’teryx, Royal Robbins, Hydro Flask, Nike, Speedo
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