February 20, 2025 Birkenstock Outperforms in FQ1, but Sees Macro Risks
The footbed sandal maker’s bottom line swung to €20,119,000 ($21.3 mm) in net income against last year’s loss of €7,154,000 for the fiscal first quarter ended Dec. 31 as revenue posted a 19% gain to €361,719,000 ($383.4 mm) over €302,924,000 on strong demand throughout the season. Super Retail Group’s Sports Banners Return to Growth
Rebel Sports posted sales of A$706.5 million ($459.2 mm) for the fiscal first half ended Dec. 28, up 4% from A$676.7 million, as growth picked up in Q2 with a record Christmas result. Sturm, Ruger’s Sales Ramp-up in Q4
Net income inched up 2% in the final quarter to $10,477,000 from $10,249,000 on a 12% increase in revenues to $145,775,000 from $130,617,000, the second consecutive quarter of growing sales. Tennis Participation Improved Last Year
Capping five consecutive years of growth, 2024 saw around two million net new players enter the sport, sending participation up over 8% to 25.7 million people, the USTA reported. FeraDyne Sued over Amazon Complaint
Chinese supplier Xiamen Disdeer Outdoor Sports is suing FeraDyne in IL district court, asking for a declaratory judgment of non-infringement, arguing that none of the claims on FeraDyne’s patent no. 8,758,177 are infringed by the plaintiff’s lighted arrow nocks. Lululemon Greenwashing Suit Dismissed
A FL district court dismissed a proposed class action that accused LULU and its Be Planet marketing campaign of misleading individuals about its environmental credentials. CPSC Recalls: E-Bikes, Sights, Scooters
Trek is recalling about 927 Electra E-bikes because the rear fender can come loose and contact the rear wheel, stopping the bike unexpectedly. Etcetera: Lids, ABG, Skechers, Pearl Izumi
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