August 06, 2025 Topgolf Callaway Raises Guidance after Jack Wolfskin Sale
MODG’s plans to spin or sell Topgolf will likely be delayed until 2026 by Artie Starrs’ departure at the end of Q3, but second-quarter results came in better than expected, with revenues down 4% to $1,110.5 million from $1,157.8 million and profits down by two-thirds to $20.3 million from $62.1 million. Wolverine Q2 Outperforms as Saucony Bounces Back
Net income jumped 89% in the second quarter to $26.8 million from $14.2 million, despite a $16.6 million negative swing in net environmental cleanup costs, as revenues grew by 12% to $474.2 million from $425.2 million. Solo Brands’ Topline Falls after MAP Pricing Actions
Net loss expanded 414% to $20,767,000 from $4,037,000 on sales that were down 30% to $92,257,000 from $131,550,000 for the second quarter, with growth at Chubbies not able to offset tumbling Solo Stove sales. Beachbody Turnaround Progress Continues
The connected fitness and nutrition products company’s transition year saw a pivot to a new distribution model as the company’s Q2 revenues were 42% lower at $63.9 million from $110.2 million, but the net loss narrowed to $5.9 million from a loss of $10.9 million. Bogs Sales Fail to Pick Up Steam in Q2
Weyco’s Bogs boot brand fell by 14% in the second quarter to $2,553,000 due to inventory-conscious outdoor retailers holding back on ordering, though the channel is now quite clean, WEYS’ opined. Report: Elizabeth Warren Opposes Dick’s-Foot Locker Deal
Senator Warren (D-MA) inked a letter asking the Federal Trade Commission and Department of Justice to consider blocking DKS’ proposed acquisition of FL, CNBC first reported.
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