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July 31, 2024


Adidas Brand Momentum Accelerates in Q2

In-line with its July 16 pre-announcement, the Big a grew sales by 9% in the second quarter to €5,822 million ($6,260 mm) from €5,343 million a year ago with solid gains just about everywhere except North America.

Boa and PrimaLoft Rebound at Compass Diversified

CODI’s Boa and PrimaLoft brands benefitted from improvements in the destocking trend than has hurt their results for over a year, with both growing revenues double digits.

Sturm, Ruger Profits Tumble on Lower Q2 Sales

Net income was nearly halved to $8,264,000 in the second quarter from $16,185,000 a year ago, as revenues slipped 8% to $130,761,000 from $142,804,000 as units shipped were roughly flat, but ASP declined to $386 from $422.

Garmin Fitness Improves, but Outdoor is Flat

GMRN’s Fitness segment outperformed with a 28% revenue gain to $428,404,000 from $334,863,000 for the second quarter, flowing down to a 98% jump in operating income to $107,610,000 over $54,458,000.

MAP Active Sales Surge in Q2

Net income at the Indonesian retailer was down 21% in the second quarter to IDR 303,043 million ($19.4 mm) from IDR 384,997 million last year, attributed to ForEx headwinds and a loss on an asset disposal.

Yue Yuen Says Profits Will Soar

Yue Yuen announced that its net income attributable to shareholders would be up about 115%-120% to approximately $183.9 million for the first half from $83.6 million last year, attributed to strong demand for footwear capacity driven by the gradual recovery of the global footwear industry.

Shot Scope Closes $8.5 Million Funding Round

The Scotland-based maker of GPS wearables, rangefinders and shot trackers secured $8.5 million in Series B funding in a round led by a $4.0 million stake from Guinness Ventures.

Patagonia Sues Cutlery Maker over Trademark

The outdoor brand filed a trademark infringement suit in CA district court against Micom Group for copying its “Patagonia Provisions” mark on cutlery and cutting boards.

 
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