February 13, 2023
Revenues at the Swedish outdoor company’s brands division, which includes Fjällräven, Royal Robbins, Brunton and other brands, increased 8% to €55.4 million ($58.3 mm) in Q4 from €51.1 million.
Net income declined 36% in fiscal Q3 ended Dec. 31 to ¥1,108 million ($7.8 mm) from ¥1,737 million hurt by a gross margin that contracted 280 basis points to 40.9% and SG&A that increased by 50%.
The Daiwa fishing and golf parent company saw net income inch down 3% to ¥2,210 million ($15.6 mm) from ¥2,282 million in the fiscal third quarter ended Dec. 31, as revenues grew 9% to ¥31,538 million ($223.0 mm) from ¥28,964 million.
Skechers and Bass Pro were the only two companies in the sporting goods industry that aired ads this year on the biggest advertising stage in the world, the Super Bowl.
The U.K.-based sportswear brand is working with investors to raise around $200 million to fund its expansion and fuel its battle with rivals Nike, Adidas, and Puma, according to Sky News.
The Chinese shoe maker and retailer’s revenues fell 17% in Jan. to $810,278,000 from $972,237,000 on weakness from both manufacturing and Pou Sheng retail sales.
The ratings agencies weighed in on HBI’s $600 million offering of 9% senior unsecured notes due in 2031, with Moody’s giving them a B1 rating and S&P Global rating them BB-, below investment grade.
Vibram recorded sales of €300 million ($315 mm) in 2022, representing an increase of more than 30% from 2021, FashionNetwork has reported.
After two years of gains, total rounds played declined by nearly 4% in 2022, but was still about 15% above the average participation in 2017-2019 before the pandemic, according to the National Golf Foundation.
Vista Outdoor’s Bell Sports is recalling Giro Merit helmets manufactured prior to Jan. 2023 because the helmet straps may disengage with the helmet when pulled with relatively little force.