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Sporting Goods Industry News for May 14, 2026
Topping guidance above and below the line, WWW’s Q1 net income jumped by two-thirds to $20.2 million from $12.1 million, as revenues grew 11% to $457.6 million from $412.3 million with double-digit gains from Merrell and Saucony.
Net income was up 18% to C$32.7 million ($23.9 mm) from C$27.7 million for the fiscal fourth quarter on a matching revenue increase of 18% to C$453.3 million ($330.9 mm) from C$384.6 million as direct-to-consumer sales grew 15% to C$361.7 million.
Net income dropped 41% to $9,851,000 in Q1 from $16,609,000, as sales increased 8% to $380,414,000 from $351,128,000, driven by 19% wholesale growth to $183.6 million, with demand up across geographies.
Canadian Tire’s sporting goods banners improved 6% in the first quarter to C$471.8 million ($344.4 mm) from C$443.8 million, with the recent inclusion of Pro Hockey Life in the segment.
The Solo Stove and Chubbies parent narrowed its net loss to $5,466,000 in the first quarter from a loss of $12,192,000, as sales declined 19% to $62,881,000 from $77,252,000.
The owner of The North Face, Helly-Hansen, Canterbury, and other brands for Japan finished the fiscal year ended Mar. 31 with a 31% increase in net income to ¥8,843 million ($56.4 mm) from ¥6,749 million, as revenues grew 7% to ¥38,044 million ($242.5mm) against ¥35,472 million.
Profits tumbled 67% in FY26 ended Mar. 31 to ¥975 million ($6.2 mm) from ¥2,992 million on revenues that were up 6% to a record ¥58,655 million ($373.9 mm) against ¥55,309 million.
Net income was off 20% at ¥3,611 million ($23.0 mm) for the 9 months ended Mar. 31 from ¥4,499 million, despite sales that grew 6% to ¥207,139 million ($1,320.4 mm) over ¥196,030 million.
The golf equipment brand said a temporary manufacturing capacity constraint held Q1 revenue to just $991,000, down from $1,210,000, as net loss ballooned to $2,659,000 from a loss of $525,000.
Accelerating from a record March tally, adjusted sales at sporting goods, hobby, music, and book stores grew 13.4% year over year in April to $8,773 million from $7,734 million, the Commerce Dept. said.
Petzl America issued two separate recalls for its Simba and Swan Easyfit harnesses due to missing rivets in the Fast LT Pin-Lock buckles, and for its Astro Bod Fast, Astro Sit Fast, and Canyon Guide harnesses because their D-ring can release, allowing the attachment point to open.
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