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October 29, 2024


Adidas Plans for 10% Constant Currency Growth

Net income attributable to shareholders increased 71% to €443 million ($487 mm) in the third quarter from €259 million, as revenues gained 7% to €6,438 million ($7,075 mm) from €5,999 million and were up 10% constant currency.

Crocs Inches Higher Despite Heydude Headwinds

Net income improved 13% to $199,801,000 in the third quarter from $177,025,000 last year on a 2% gain in revenue to $1,062,200,000 over $1,045,717,000, as continued momentum from the core brand more than offset another disappointing quarter at Heydude.

Shimano Bicycle Segment Returns to Growth in Q3

The bike component and fishing equipment maker’s bottom line fell ¥2,361 million ($15.8 mm) into the red in Q3, against a profit of ¥9,791 million last year, but sales inflected positive for the first time in seven quarters, growing 5% to ¥117,992 million ($791.2 mm) from ¥112,014 million.

Brooks Running Momentum Continues in Q3

The Berkshire Hathaway-owned running brand said revenues topped $1 billion in the first nine months of 2024, a new record, including 10% year-to-date growth in North America, led by a 16% improvement in DTC e-commerce.

Moncler Wholesale Weakness Pulls Down Top Line

Total sales were down 5% to €635,547,000 from €669,745,000 for the third quarter on 5% reported declines at both Moncler (-3% CC) and Stone Island (-4% CC) to €532,035,000 and €103,562,000, respectively, as macro pressures hit consumer spending in several markets.

Big 5 Sporting Goods Sees Red Ink

A non-cash $21.8 million charge for a deferred tax asset valuation allowance contributed to a net loss of $29,901,000 in the third quarter against a $1,858,000 profit last year, on 8% lower revenues of $220,598,000 down from $239,889,000.

Leatt’s Profits Fall as Revenues Stabilize

The bottom line dropped 75% to just $115,837 in the third quarter from $460,474 prior at the protective equipment maker, as sales inched up 1% to $12,138,123 from $12,008,847.

Wolverine Names New President of Active Group

WWW tapped 25-year industry veteran Susie Kuhn as the new leader of the company’s Active Group, including the Merrell, Saucony, and Chaco brands, responsible for brand strategies, consumer-focused go-to-market plans, and commercial performance.

Mammut Appoints Kaplan to Lead North America

The outdoor apparel and equipment maker has named Matt Kaplan as managing director of the key North American market, effective Nov. 18, succeeding Kris Kuster, who is leaving to pursue new opportunities.

GoPro Ramps-up Layoffs

The action camera maker has expanded its restructuring plan to cut an additional 100 jobs, now planning to lay off about 26% of its 925 full-time employees, up from the 15% it announced on Aug. 19.

Correction: Skechers

Skechers’ record third-quarter revenues were $2,347,705,000, which were erroneously reported in our Oct. 24 SGI NewsWire and Oct. 25 issue of Sporting Goods Intelligence newsletter.

Etcetera: Adidas, Jetty, Levis

 
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