Sporting Goods Industry News for May 13, 2025
Restructuring charges of $15.7 million contributed to a $67,457,000 loss in the final fiscal quarter ended Mar. 31 against a $6,568,000 profit last year, on an 11% drop in revenues to $1,180,583,000 from $1,332,197,000 as Under Dog pulled back on clearance promotions.
Net income was down 38% to CHF 56.7 million ($63.5 mm) from CHF 91.4 million for the first quarter as sales hit a quarterly record CHF 726.6 million ($813.8 mm), up 43% (+40% CC) over CHF 508.2 million.
After a breakout performance a year ago, Mizuno’s revenue and profit growth slowed a bit in the fiscal year ended Mar. 31, tallying a 7% increase in net income attributable to owners to ¥15,243 million ($99.9 mm) from ¥14,311 million on 5% higher revenues of ¥240,335 million ($1,575.0 mm) up from ¥229,711 million.
Profits attributable to shareholders were down 25% to $75,758,000 in the first quarter from $99,965,000 last year, despite revenues that grew 1% to $2,029,464 from $2,003,622, hurt by a lower gross margin in its manufacturing business.
The Brazilian retailer and distributor’s net income jumped 78% to BRL 67,315,000 ($11.4 mm) over BRL 37,888,000 for the first quarter, on revenue that was up 4% to BRL 1,554,359,000 ($264.2 mm) from BRL 1,495,219,000.
The parent of Daiwa fishing and golf’s bottom line swung to a profit of ¥171 million ($1.1 mm) in the final fiscal quarter ended Mar. 31 from a loss of ¥641 million, as sales grew by 1% to ¥29,722 million ($194.8 mm) from ¥29,520 million.
The parent of sports brands 5.11, Boa, Primaloft, and Velocity Outdoor revealed in an SEC filing that it would not be able to report Q1 earnings on time due to an ongoing internal investigation into its jewelry subsidiary, Lugano Holdings.
Petr Pistelak was named president of CZ-USA, moving over from his current role as parent Colt CZ Group’s global head of the commercial sales organization.
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