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August 22, 2024


Peloton Finishes Year with Sales Uptick in Q4

Net loss narrowed to $30.5 million from a loss of $241.8 million as results exceeded guidance across the P&L for fiscal Q4, with revenue coming in at $643.6 million, inching up from $642.1 million, marking the first top line growth since Q2 ’22.

Rebel Slips but SRG’s Outdoor Banners Improve

Rebel Sports sales were down 1% to A$1,291.6 million ($852.5 mm) from A$1,309.1 million for the fiscal year ended July 1 as comps dropped 2% on lower transaction volumes and lower ATV.

U.S. Sales Power JD Sports’ First Half

The U.K.-based parent of Finish Line, DTLR Villa, Shoe Palace and—most recently—Hibbett Sports, said North American comps improved 5.7% in the second quarter ended July 31, its strongest geography.

Stella’s Net Rises as Sneakers Drive Sales Growth

The bottom line increased 66% in the fiscal first half to $91,514,000 from $55,227,000 on 8% higher revenues of $770,011,000 from $716,086,000, driven by its customers requesting earlier shipments than planned as they sought to take advantage of the Summer Olympics in Paris.

Unifi Rebounds in Final Quarter

Net loss narrowed at the maker of Repreve and other recycled yarns in the final fiscal quarter ended June 30 to $3,984,000 from a loss of $15,289,000, as revenues grew 4% to 157,452,000 from $151,058,000.

Globe International Profits Soar despite Sales Dip

The Australian skate and extreme sports company reported a sevenfold increase in net income to A$11,469,000 ($7.5 mm) from A$1,559,000 in the fiscal year ended June 30, as revenues fell by 5% to A$222,317,000 ($146.3 mm) from A$234,341,000.

Vans Settles with MSCHF

Vans and parent VF Corp. has settled all trademark infringement claims against MSCHF Product Studio, according to a filing in NY district court.

CPSC Recall: Auto Belay Devices

Head Rush Technologies is recalling about 220 Trublue Speed auto belay devices because the backup brake can fail to activate.

Etcetera: Deuter, Dunham’s, Academy, Topgolf, Fleet Feet

 
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