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May 01, 2024


Gildan Net Pulled Down by Proxy Battle Costs

Net income dropped 19% to $78.7 million in the first quarter from $97.6 million, on a 1% top line decline to $695.8 million from $702.9 million, lapping a $25 million gain on a DC leaseback last year and hit by $19.7 million in SG&A for expenses from the proxy battle, sales exploration and related costs.

Compass Diversified Reports Q1, Sells Crosman

CODI’s sporting goods brands posted mixed results in the first quarter, with 5.11 Tactical and Boa outperforming, but PrimaLoft and Velocity Outdoor continuing to struggle.

Garmin Fitness, Outdoor Momentum Continues in Q1

GRMN’s fitness segment saw Q1 sales improve 40% to $342,892,000 over $244,721,000 with growth across all categories, led by strong demand in advanced wearables, while operating income soared to $68,133,000 from $10,578,000.

Wolverine Worldwide Inks Merrell and Saucony Licenses

WWW has licensed Vida Shoes International as the global licensee for Merrell and Saucony kids’ footwear for all markets, subject to pre-existing licenses.

Under Armour Hires Yuron White

Under Dog tapped Yuron White as SVP, sportswear, run, basketball/Curry and collaborations, the first hire with Kevin Plank back at the helm.

Pentland Names New President, Americas

Pentland Brands appointed Joe Spies as president, Americas, succeeding Matt Rock after a 19-year tenure, in which he was responsible for integrating Speedo N.A. into the parent’s global operations.

Etcetera: REI, La Sportiva, OrthoLite, Under Armour, Fanatics, Maxfli

 
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