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November 12, 2024


Topgolf Callaway Pulled Down by Apparel Weakness

MODG’s bottom line swung to a $3.6 million loss in the third quarter from a profit of $29.7 million a year ago, as revenues fell 3% to $1,012.9 million from $1,040.6 million, pulled down by a double-digit drop in the Active Lifestyle softgoods segment.

On Running Net Slips on Rising Costs

Net income dropped 48% to CHF 30.5 million ($35.2 mm) from CHF 58.7 million despite record revenues of CHF 635.8 million ($733.3 mm) over CHF 480.5 million, bolstered by rising brand heat after the Paris Olympics and continued momentum in APAC.

Grupo SBF Faces Tough Comparison in Q3

Net income was up 84% to BRL 133,733,000 ($24.1 mm) over BRL 72,700,000 on 1% lower revenue of BRL 1,770,288,000 ($318.7 mm) from BRL 1,793,263,000 for the third quarter, excluding inter-group exclusions and returns.

Globeride Profits Gain on Flat Sales

The Daiwa fishing and golf parent company saw net income improve 6% to ¥1,677 million ($11.2 mm) from ¥1,585 million in the fiscal second quarter ended Sep. 30, but revenues were flat, inching up to ¥33,772 million ($226.5 mm) from ¥33,760 million prior.

Dunlop Sports’ Profit Slump in Q3

Sumitomo Rubber's sports division sales fell 10% in Q3 to ¥26,116 million ($175.1 mm) ¥29,107 million last year, generating operating profit of just ¥960 million ($6.4 mm), down 61% from ¥2,465 million.

Yue Yuen Sees Footwear and Retail Both Up in October

YY's manufacturing revenues improved 20% in Oct. to an implied $502,177,000 from $420,071,000, while total revenues increased 15% at the Chinese footwear maker and retailer to $740,182,000 for the month.

Nike Wins Suit over Jordan Knockoffs

The Eager Beavertons won a default judgment in NJ federal court against Global Heartbreak and its owner, Naadier Riles, for copying Air Jordan 1 sneakers with its Air Global design.

Etcetera: REI Skechers Fleet Feet Active Apparel Group

 
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