May 16, 2023
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 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.
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.
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.
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.
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.
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.