February 06, 2025 Skechers’ Record Year Overcomes China Headwinds
Net income increased 14% in the final quarter to $99,326,000 from $87,182,000 on 13% higher sales that came in at $2,212,416,000, up from $1,960,940,000 and would have been up 14% constant currency. Under Armour Gains Confidence that Brand Buzz is Building
Net income was just $1,234,000 in the fiscal third quarter ended Dec. 31, down 99% from $110,753,000 a year ago, as revenues contracted by 6% to $1,401,039,000 from $1,486,043,000, but Under Dog is seeing some green shoots of turnaround progress, and it raised full-year guidance on both the top and bottom lines. Peloton Raises Guidance as Loss Narrows
Net loss was reduced by 53% to $92.0 million in fiscal Q2 from $194.9 million last year on a revenue decline of 9% to $673.9 million from $743.6 million as the company’s turnaround efforts continued to stanch the bleeding on the P&L and balance sheet. Canada Goose Lowers Bottom Line Guidance
Net income was up 9% to C$143.6 million ($103.4 mm) in fiscal Q3 ended Dec. 29 from C$131.4 million on revenue that came in just south of flat at C$607.9 million ($437.7 mm) from C$609.9 million. Brooks Running Tallies Record Breaking Sales
The Berkshire-Hathaway-owned running brand recorded another stellar year with sales improving 9% to about $1.3 billion, fueled by growth in every region and channel. Mips Profits Take Off in Final Quarter
The Swedish helmet technology company’s Q4 net income was up more than threefold to SEK 53 million ($4.9 mm) from SEK 16 million on 58% (+52% CC) higher revenues of SEK 144 ($13.4 mm) from SEK 91 million. Authentic Brands Group Seeks Loan to Buyback Shares
The owner of Reebok and other active brands is taking on $1 billion in new debt in the form of a first-lien term loan due in 2032, with the proceeds going to repurchase some of its outstanding equity and for other corporate purposes. Superfeet Bulks Up C-Suite with New Appointments
The insole maker promoted its human resources VP, Annie Quammen to become its first chief people officer, and hired former Traeger VP of U.S. Sales, Dan Bailey, as chief growth officer. Nike Team Sports Licensee Scores Investment
Zelus Sport BV, the Swoosh’s authorized global team sports licensee based in the UK and Netherlands, received an unspecified investment from Sullivan Street Partners.
The Topgolf Callaway-owned apparel brand is recalling about 59,450 women’s sweatshirts and women’s and men’s hoodies because they violate the federal flammability standard for clothing. Etcetera: Elan, Outside Interactive, TrusTrace, ThirtyTwo, Under Armour
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