Net income at the Titleist and Foot Joy parent plunged to a $26,808,000 loss from breakeven last year, in the seasonally small fourth quarter, as revenues declined 8% to $412,961,000 from $447,404,000.

The footbed sandal maker’s net loss slipped 22% to €7,154,000 ($7.7 mm) in the fiscal first quarter ended Dec. 31 from €9,187,000 on a matching 22% revenue gain to €302,924,000 ($326.1 mm) over €248,490,000, BIRK’s second reported quarter as a public company.

The sale of Sierra Bullets and Barnes Bullets to Bullseye Acquisitions, LLC, an affiliate of JDH Capital Company has be completed.

The Big Cat is launching a €100 million ($108 mm) share buyback program in Mar., that’ll expire May 2025, and is raising the potential ratio of its dividend policy to as much as 40% of net income from 35%.

Cannondale is recalling about 660 Dave bicycles because of reports of damage to the bike’s headtube/downtube weld, causing the headtube to separate from the frame.