November 02, 2023
Net income was up 5% to $177,025,000 over $169,349,000 on a 6% revenue gain to $1,045,717,000 from $985,094,000, but slowing sales from Heydude led the clogmaker to cut its full-year revenue and earnings guidance.
After reporting solid Q1 results at or above expectations, Peloton Interactive has set its sights on revenue growth acceleration and substantial positive free cash flow in H2, bolstered by the anticipated relaunch of its Tread+ treadmill, continued expansion of its bike rental program, and higher sales contribution from international markets.
The Titleist and FootJoy parent turned in another solid quarter, reporting an 11% increase in net income to $57,307,000 from $51,837,000 as sales rose 6% to $593,381,000 from $558,246,000.
The Montreal-based apparel maker reported a 17% decline in third quarter net income to $127.4 million from $153.0 million on 2% sales growth to $869.9 million from $850.0 million.
Net loss attributable to shareholders expanded to $10,154,000 from as loss of $1,774,000 in the prior year, dinged by a $32.6 million non-cash impairment related to Velocity Outdoor, on sales that were down 1% to $569,565,000 from $575,819,000
FOXF is buying Wheelhouse Holdings, the baseball and softball equipment maker’s parent company, from its former owner, Compass Diversified Holdings and other entities for an enterprise value of $572.0 million.
The ratings agency affirmed VF’s BBB issuer credit rating and A-2 short-term and commercial paper ratings, but changed its outlook from stable to negative after the company’s Q2 earnings came in below expectations.
The Lakewood, CO-based snowsports and outdoor retailer named Pete LaBore as CEO, succeeding Matt Gold, who left at the end of Apr., after serving in the role for six years.
Laid off REI unionized store workers filed an unfair labor practice complaint with the National Labor Relations Board over the outdoor co-op’s decision to unilaterally restructure jobs and working conditions in all of its stores.
Gridiron Capital-backed GSM Outdoors has added two more feathers to its cap, acquiring fishing tool brand Cuda and knife maker Camillus, as it continues its zealous expansion in this space.
NICS FBI background checks, as adjusted by the NSSF, jumped 8% last month to 1,370,719 from 1,265,311 in Oct. 2022, the first year-over-year increase in six months.