October 31, 2024 Peloton Turns the Corner, Names New CEO
The struggling connected fitness company came within a whisker of breakeven in its fiscal first quarter ended Sep. 30, losing just $0.9 million against a loss of $159.3 million a year ago, as total revenues slipped 2% to $586.0 million from $595.5 million. Gildan Inches Higher on Under Armour Exit
Net income was up 3% to $131.5 million from $127.4 million on 2% higher sales of $891.1 million, up from $869.9 million for the third quarter, constrained by the phase-out of the Under Armour business in hosiery and underwear. Bike Rebound and Marucci Send FOXF’s Sports Group Soaring
Fox Factory’s Specialty Sports Group more than doubled revenue to $149.5 million from $72.0 million in the third quarter, including $49.6 million in incremental sales from Marucci, and 39% higher bicycle component sales. Unifi Sees Momentum Continue in Q1
Net loss narrowed in the fiscal first quarter ended Sep. 29 to $7,632,000 from a loss of $13,720,000 last year, on 6% higher revenues of $147,372,000 up from $138,844,000. Nike Makes More Senior Leadership Moves
The Eager Beavertons elevated its EVP and chief legal officer, Ann Miller to EVP, global sports marketing, succeeding 26-year Swoosh veteran, John Slusher, who retired from the company to become CEO of U.S. Olympic and Paralympic Properties, which manages sponsorships, ticket sales and hospitality for LA28. New Golf Accessories Brand Launches
Stoke Golf is the name of the accessories brand that is being launched by founder Sean Hargraves, who was a Callaway gear designer from 2016 to 2023 after a long career designing for action sports brands. NSGA Organizes Hurricane Relief Efforts
The National Sporting Goods Association assembled a list of resources so industry members can donate products or monetary aid to help Hurricane Helene and Milton victims. Etcetera: X-Bionic, Xebio, Phantom Glide
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