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May 16, 2023 On Running Raises Guidance after Record Q1
On’s strong momentum continued into 2023 with net income more than tripling to CHF 44.4 million ($48.0 mm) in the first quarter from CHF 14.3 million last year, on record revenues of CHF 420.2 million ($454.3 mm) up 78% from CHF 235.7 million. Topgolf’s Future is Bright, MODG Says
Topgolf Callaway emphasized the positive top line and EBITDA metrics for its Topgolf venues during the inaugural Jefferies Virtual Outdoor Summit, in response to the mid-teens drop in share price after Q1 earnings. Xebio’s Net Improves on Higher Sales
Net income was up 42% in the fiscal year ended Mar. 31 to ¥5,464 million ($41.3 mm) from ¥3,836 million the year before, as sales grew 7% to ¥239,293 million ($1,807.7 mm) from ¥223,282 million. Sporting Goods Sales Drop in April
Adjusted sales of sporting goods/hobby/book and music stores fell 5% last month to $8,276 million from $8,748 million, according to Commerce Dept. data, the first year-over-year decline for the category in 11 months. KMD Brands Inks Green Revolvers
The parent of Kathmandu, Rip Curl and Oboz has closed NZ$310 million in sustainability-linked multi-currency revolving facilities that does not come due for three-and-a-half-years. NordicTrack Hit with Class Action over Cancelling Live Classes
Plaintiffs Samantha Pagano and Kristi Barnett Williams are suing NordicTrack and its parent iFit Health & Fitness in a proposed class action filed in UT district court. Vermont Safety Developments Sues over Ski Bindings Patent
The snow-skiing safety research and development company filed suit in VT district court against Head Sport GmbH for infringing on its design patent with Head’s Protector ski bindings.
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