Sporting Goods Industry News for November 19, 2024
Benefiting from more than $60 million lower interest expense, profits attributable to shareholders improved to $55.8 million in Q3 from a loss of $37.7 million last year, as revenues jumped 17% to $1,353.8 million from $1,153.1 million with every segment and geography higher.
Last year’s renewed focus on profitability is performing well ahead of guidance, leading Asics to raise the ceiling on its 2026 targets, the company revealed at its 11th semi-annual Investment Day, alongside new project plans fueled by the rising cash flow.
The U.S.-based athletic footwear components provider tapped PT Eco Mega Synergy to distribute its materials and products in Indonesia.
Two of the biggest print-on-demand companies are combining to create a powerhouse aiming to provide a broader slate of services and streamline operations for e-commerce sellers.
The former chairman and CEO of Koenig Sporting Goods and NSGA board chairman passed away on Nov. 16 at the age of 81.
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