September 10, 2024 Academy Sports Cuts Guidance after Sales Slip in Q2
Net income declined 9% in the second quarter to $142,588,000 from $157,075,000 as a -6.4% comp more than offset the additional revenue from new stores, sending total sales down 2% to $1,548,980,000 from $1,583,077,000 a year ago. Under Armour Lowers Outlook on Additional Restructuring Costs
Under Dog said it would take $70 million in additional charges to close a distribution center in Rialto, CA, leading it to reduce its operating and net income guidance for the current FY25 that ends next Mar. Topsports Warns H1 Profits Dropped 35%
Pre-announcing earnings for the fiscal first half ended Aug. 31, the Chinese retailer that operates stores for Nike, Adidas and other western brands said net income would decline by 35% year-over-year to RMB 1,337.2 million ($187.8 mm). Yue Yuen Strong, but Pou Sheng Remains Constrained in August
YY’s manufacturing revenues grew 18% in Aug., to an implied $527,855,000 from $445,994,000 last year, while total revenues increased 12% at the Chinese footwear maker and retailer to $713,333,000 for the month. Vista Outdoors Delays CSG Sale Vote Again
After MNC Capital’s latest $42 per share bid to take VSTO private, the company’s board pushed back until Sep. 27 the special shareholder meeting to approve the sale of its Kinetic Group ammo business to Czechoslovak Group. Backcountry Acquired by CSC Generation Enterprise
The struggling UT-based outdoor retailer has been sold by majority owner, TSG Consumer Partners to the retail technology platform operator, whose other holdings include Sur la Table and several consumer products brands. Marolina Outdoor Names Nate Smith CEO
The owner of Huk and Nomad fishing and hunting apparel brands tapped 20-year industry veteran, Nate Smith as CEO, succeeding Dean Rurak.
The family of high school football player, Cooper Daniel Reid is suing Riddell, All American Sports Corp., and parent BRG Sports in TX district court, claiming that a defective SpeedFlex football helmet resulted in a severe brain injury. Etcetera: Twiceme, Dovetail Workwear, Topgolf
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