Net income inched up 2% to $152,454,000 from $149,543,000 for the first quarter on 6% higher revenue of $938,633,000 against $884,166,000 as double-digit gains at the Crocs brand offset negative results from Heydude’s continuing inventory reset efforts.

The Titleist and Footjoy parent’s net income attributable to shareholders slipped 6% on rising costs, tallying $87,762,000 against $93,275,000 in the seasonally important first quarter.

The red ink deepened at the action camera maker to $339,088,000 in Q1 from a loss of $29,869,000 last year, hit by a $295 million tax valuation allowance.

The bottom line contracted 51% to $7,084,000 from $14,350,000 to start the year, as revenues slipped 8% to $136,820,000 from $149,453,000.

The ratings agency affirmed SRAM’s B1 corporate family rating, probability of default rating, and the rating on its senior secured first lien credit facility, and gave the company a stable outlook.

Retail footwear sales in the U.S. remained unchanged year-over-year at $9.1 billion for the first quarter of 2024, while volumes rose by 1%, according to Circana, after four consecutive quarters of dollar declines and eight quarters of unit declines.

The latest 2024 edition of the National Sporting Goods Association’s Sports Participation in the U.S. report showed 54% growth in pickleball, a deceleration from 2022’s 79% jump but still the fastest growing sport in the nation.