September 20, 2024 Industry Sales Inched Higher in Q2 and Income Grew 5%
Aggregate revenues at the 51 public companies we track were $55,011.2 million in the second quarter, up from $54,917.7 million a year ago, and profits grew 5% to $3,261.6 million from $3,119.8 million overall. Golden Goose Sales Driven by DTC in H1
The luxury sneaker brand’s adjusted EBITDA was up 12% in the first half to €109.2 million ($117.4 mm) on 12% higher sales of €307 million ($330.1 mm), driven by direct-to-consumer, which was up 18% year-over-year in the Americas and EMEA. Giant Acquires Stages out of Bankruptcy
The Taiwanese bike maker has acquired the maker of smart bikes, power meters and cycle computers for $20 million via its subsidiary Spia Cycling Inc., as it enters the commercial fitness market. Outdoor Retailer Cancels Fall Show
The Emerald Expositions-owned trade show will focus on its larger Summer event held in Salt Lake City, and has cancelled the show planned for Nov. 2024, a date that was chosen to accommodate the ordering cadences of both hardgoods and apparel brands. American Outdoor Brands Seeks to Eliminate Supermajority Requirement
AOUT will postpone its annual meeting of stockholders so it can add a binding proposal to eliminate its supermajority voting requirement to its proxy statement for a shareholder vote. Etcetera: Bass Pro, Perfect Moment
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