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April 29, 2025 Adidas Warns of Tariff-Driven U.S. Price Increases
In line with The Big a’s preannouncement last week, revenues bounced back in the first quarter, growing 13% to €6,153 million ($6,477 mm) from €5,458 million and resulting in a 152% jump in net income attributable to shareholders of €428 million ($451 mm) up from €170 million prior. Gildan Upbeat on Tariff Strategy, Maintains Guidance
Net income increased 8% to $84.7 million over $78.7 million on sales that were up 2% to $711.7 million from $695.8 million for the first quarter. Big 5 Sporting Goods’ Loss Doubles in Q1
BGFV’s net loss soared 108% to $17,250,000 to start the year from a loss of $8,286,000 in Q1, 2024, as revenues tumbled 9% to $175,647,000 from $193,427,000 and same store sales declined 7.8%. Rocky Brands Grows Profits from DTC
Net income nearly doubled to $4,941,000 in the first quarter from $2,550,000 a year ago on sales that grew 1% to $114,073,000 from $112,906,000, powered by a 20% gain in direct-to-consumer to $36.6 million. Gymshark Sees Revenue Up but Profits Dip
The U.K.-based activewear brand’s profits slipped 29% to £7,197,000 ($9.1 mm) for the fiscal year ended July 31, 2024, from £10,191,000, despite 9% higher revenues of £607,345,000 ($768.8 mm) against £556,216,000. Thule Q1 Sales Helped by Quad Lock
Net income dipped 11% to SEK 266 million ($23.9 mm) from SEK 300 million in the first quarter on sales that improved 10% to SEK 2,662 million ($239.6 mm) from SEK 2,420 million. Etcetera: Adidas, Authentic Brands, Revelyst, Oboz, SFIA
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