Puma’s net income slipped 3% in the third quarter to €127.8 million ($140.4 mm) from €131.7 million on sales that ticked lower to €2,308.2 million ($2,536.5 mm) from €2,311.1 million but would have been up 5% constant currency.

Net income declined by 6% to $41,798,000 from $44,422,000 in the fiscal second quarter ended Sep. 30 on the eve of a shareholder vote scheduled for Nov. 25 that will determine if the company’s Kinetic Group can be acquired by Czechoslovak Group.

Restructuring efforts began to bear fruit as net loss narrowed 33% to $21,177,000 from a loss of $31,575,000 for the third quarter on 25% lower revenues of $42,996,000 down from $57,244,000.

With Donald Trump retaking the White House and Republicans set to control both chambers of Congress, rifts between the GOP’s protectionist and free trade wings are on the horizon as the president-elect will have wide latitude to implement trade policies.

The shooting sports industry was a mixed bag across product categories, according to Gearfire RetailBI’s Q3 2024 Shooting Sports Retail Report.

The Lulunatics were hit with a second proposed shareholder class action suit filed in S. NY district court by Denish Bhavsar, naming CEO Calvin McDonald, CFO Meghan Frank, and several directors as defendants.

SKX is suing several Chinese footwear producers and a French company in CO district court, accusing them of copying its “S” marks and for infringing on design and utility patents related to the successful Hands Free Slip-ins franchise.