Sporting Goods Industry News for June 05, 2025
Rising expenses sent net income 2% lower in the first quarter to $314,572,000 from $321,421,000 despite 7% revenue growth to $2,370,660,000 from $2,208,891,000 that was balanced across segments, with women’s up 7%, men’s gaining 8% and accessories also increasing 8%.
Net loss at the teen retailer narrowed by 15% to $14,330,000 from a loss of $16,780,000 for the first quarter on sales that were up 4% to $184,343,000 from $177,388,000, with comps increasing 5.5% in the company’s fourth consecutive quarter of positive comparisons.
The cooler and drinkware company remains on track to get its COGS exposure down to 5% from products manufactured in China heading to the U.S. by the end of the year.
Retail and rental revenue declined by 8% to $113,678,000 from $123,262,000 in the fiscal third quarter ended Apr. 30, driven by a 10% falloff at MTN’s on-mountain retail locations.
S&P Global raised its issuer credit rating and unsecured debt rating on The Big a to A from A-, based on its recent operating performance, and gave it a stable outlook.
The overall number of U.S. snowsports participants rose by 2%, but the mix of activities and engagement levels is evolving, reflecting changing interests, weather pattern impacts, and consumer behavior, according to Snowsports Industries America’s latest Season Participation Preview.
GOOS saw an arbitrator award about $30 million to a former vendor in connection with a dispute over a contract termination in 2021.
BowFlex, which is now owned by Johnson Health Tech Trading, is recalling over 3.8 million model 552 (52.5 lb) and 1090 (90 lb) adjustable dumbbells because the weight plates can dislodge from the handle during use.
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