Daily News Feed 05/13/2025 Under Armour Marks Progress after Turnaround Year
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. On Running Tallies Another Record Quarter
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. Mizuno Grows Sales and Profits Mid-Single Digits
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. Yue Yuen’s Margins Sink, Retail Sales Drop
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. Grupo SBF’s Centauro Soars, but Nike Slips
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. Globeride Profits Improve in Final Quarter
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. Compass Diversified Can’t File 10-Q on Lugano Irregularities
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. Etcetera: Burghardt SG, Thompson/Center Arms, CBC Global Ammunition
05/12/2025 Topgolf Callaway Maintains Total Guidance despite Topgolf Weakness
Having found a buyer for Jack Wolfskin and still working to sell or spin off Topgolf later this year, MODG’s Q1 total profits slipped 68% to $2.1 million from $6.5 million, on 5% lower revenues of $1,092.3 million against $1,144.2 million, with all segments down. China Tariff Truce Provides Some Optimism
Word of a 90-day thawing out in the U.S.-China trade war sent markets up Monday morning as the reciprocal triple-digit levies are set to roll back on Wednesday, though analysts remain uncertain about how talks will play out over the next three months. Solo Brands Restructures as Credit Compliance Looms
The Solo Stove and Chubbies parent reiterated its going concern warning in reporting another difficult quarter, with net loss attributable to shareholders expanding to $12,192,000 in Q1 from a loss of $3,374,000 on 9% lower revenues of $77,252,000 against $85,324,000. GoPro Posts Another Huge Loss in Q1
Net loss narrowed at the action camera maker to $46,709,000 in the first quarter from a loss of $339,088,000 on revenues that were down 14% to $134,308,000 compared to $155,469,000. Descente Sales Up to Finish the Year
The Itochu-owned brand said that its net income was flat in the fiscal fourth quarter at ¥3,671 million ($24.1 mm) from ¥3,670 million on 2% lower revenues of ¥36,249 million ($237.6 mm) against ¥36,889 million. Yonex had Strong Year, but Struggled in Q4
Net income improved 20% at the Japanese racquet sports and golf brand to ¥10,591 million ($69.4 mm) against ¥8,859 million as the Paris Olympics and other international tournaments sent revenues up 19% to a record high ¥138,276 million ($906.2 mm) from ¥116,442 million for the fiscal year ended Mar. 31. Pelican Intl. Acquires Paddlesports Biz
The newly formed entity will combine the assets of Pelican International Inc. and Confluence Outdoor Inc. through a court-approved sale in Canada and Ch. 15 in the United States. Retail Imports Forecast Down 20% through Fall
Cargo imports at major container ports are expected to drop at least 20% year-over-year each month into this Fall, resulting in total import volume this year declining at least 10%, according to the NRF and Hackett Associates’ Global Port Tracker report. Etcetera: Academy, Sweet Protection, Outdoor Research
05/09/2025 REI Directors Ousted, Posts Nine-Figure 2024 Loss
After a year that saw significant changes in the co-op’s senior management, including the appointment of new CEO Mary Beth Laughton, members made what amounted to a no-confidence vote by failing to approve one new and two incumbent board members at the 2025 annual meeting. Alpargatas Grows Sales High-Teens in Q1
Net income from continuing operations jumped 264% to BRL 119.1 million ($20.2 mm) over BRL 32.7 million for the first quarter on a 17% gain in sales to BRL 1,092.5 million ($185.7 mm) from BRL 931.8 million, including an 18% increase in Havaianas sales to BRL 1,082.1 million. Giant Group Sees Increasing Demand
The world’s largest bike maker reported Q1 net income of TWD 367.6 million ($11.0 mm), down 29% from TWD 519.7 million, despite 5% higher revenues of TWD 16,850.9 million ($506.0 mm) against TWD 16,063.2 million. Deckers Sues Two over Knockoffs
DECK filed two separate suits in Cen. CA district court accusing CVS Pharmacy and High Point Design of infringing on its trade dress and patents with various slippers and slides. Etcetera: Bass Pro Shops, Arcis Golf
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