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Daily News Feed 05/18/2026 Lululemon Spars with Chip Wilson as Proxy Showdown Looms
The company filed its definitive proxy statement with the SEC on Monday ahead of June 25’s Annual Meeting, urging shareholders to vote for its director slate as it faces Chip Wilson’s proxy challenge over three seats. Bike Makers Merida and Ideal Face Tough Quarter
Following Giant Group’s dismal Q1 profit and revenue losses, Taiwan’s second-largest bicycle manufacturer, Merida Industry, saw first-quarter sales tumble 30% to TWD 5,323.1 million ($167.9 mm), down from TWD 7,567.6 million. GSI Outdoors: Meet the New Boss, Same as the Old Boss
GSI is being reacquired from Pelican Int’l by its founders, siblings Don, Ian, and Kathy Scott, marking the outdoor cookware supplier’s return as a family-owned and operated business. Atomic Elevates Sean Kennedy, Others
The winter sports brand promoted its marketing director and 12-year company veteran, Sean Kennedy, to general manager of Atomic North America. Salt Lake Running Company Names Cade Perry CEO
The family-owned running specialty retailer, which operates four stores along the Wasatch Front in Utah, appointed Cadence (Cade) Perry as its new CEO, succeeding Guy Perry after more than 30 years at the helm. Etcetera: L.L. Bean, Colt, Norda
05/15/2026 L.L. Bean 2025 Revenue Remained at $1.7 Billion
Bean’s sales were roughly flat last year, amounting to about $1.7 billion for the third year in a row coming out of the pandemic, with seven new stores added to the fleet. Misto Rebounds After Fila’s N.A. Exit
Net profit attributable to owners increased 9% in the first quarter to KRW 89,222 million ($60.9 mm) from KRW 81,801 million, driven by 4% higher revenues of KRW 1,289,035 million ($880.4 mm), up from KRW 1,237,499 million. Dunlop Sports Sees Golf Sales Slow in Q1
Sumitomo Rubber’s sports division revenues ticked down 1% to ¥32,180 million ($205.1 mm) from ¥32,423 million in the first quarter, and operating income slid 47% to just ¥914 million ($5.8 mm) from ¥1,736 million. Gildan Scores A-3 Rating on $1.6 Billion Commercial Paper Program
S&P Global assigned the A-3 short-term issuer credit rating to GIL’s new CP program, and maintained its BBB- long-term issuer credit rating and stable outlook. Academy Sports Completes Notes Offering
ASO closed its private placement of $500 million of 5.875% senior secured notes due in 2031, and used the proceeds to redeem its existing $400 million senior secured notes due Nov. 2027 and fully repay the remaining $85 million balance under its term loan B due Nov. 2027. Etcetera: Tecnica, Stio, Mizuno
05/14/2026 Wolverine Worldwide Bumps Earnings Guidance after Solid Q1
Topping guidance above and below the line, WWW’s Q1 net income jumped by two-thirds to $20.2 million from $12.1 million, as revenues grew 11% to $457.6 million from $412.3 million with double-digit gains from Merrell and Saucony. Canada Goose Wholesale Returns to Growth in Q4
Net income was up 18% to C$32.7 million ($23.9 mm) from C$27.7 million for the fiscal fourth quarter on a matching revenue increase of 18% to C$453.3 million ($330.9 mm) from C$384.6 million as direct-to-consumer sales grew 15% to C$361.7 million. Yeti Raises Guidance as Q1 Tops Estimates
Net income dropped 41% to $9,851,000 in Q1 from $16,609,000, as sales increased 8% to $380,414,000 from $351,128,000, driven by 19% wholesale growth to $183.6 million, with demand up across geographies. SportChek Starts 2026 with 6% Growth
Canadian Tire’s sporting goods banners improved 6% in the first quarter to C$471.8 million ($344.4 mm) from C$443.8 million, with the recent inclusion of Pro Hockey Life in the segment. Solo Brands Sees Trends Improving after Down Quarter
The Solo Stove and Chubbies parent narrowed its net loss to $5,466,000 in the first quarter from a loss of $12,192,000, as sales declined 19% to $62,881,000 from $77,252,000. Goldwin Q4 Profits Improve High Double Digits
The owner of The North Face, Helly-Hansen, Canterbury, and other brands for Japan finished the fiscal year ended Mar. 31 with a 31% increase in net income to ¥8,843 million ($56.4 mm) from ¥6,749 million, as revenues grew 7% to ¥38,044 million ($242.5mm) against ¥35,472 million. Zett’s Annual Profits Crater despite Record Sales
Profits tumbled 67% in FY26 ended Mar. 31 to ¥975 million ($6.2 mm) from ¥2,992 million on revenues that were up 6% to a record ¥58,655 million ($373.9 mm) against ¥55,309 million. Alpen Sees Warm Weather Impact Results
Net income was off 20% at ¥3,611 million ($23.0 mm) for the 9 months ended Mar. 31 from ¥4,499 million, despite sales that grew 6% to ¥207,139 million ($1,320.4 mm) over ¥196,030 million.
The golf equipment brand said a temporary manufacturing capacity constraint held Q1 revenue to just $991,000, down from $1,210,000, as net loss ballooned to $2,659,000 from a loss of $525,000. Sporting Goods Sales Jump 13% in April
Accelerating from a record March tally, adjusted sales at sporting goods, hobby, music, and book stores grew 13.4% year over year in April to $8,773 million from $7,734 million, the Commerce Dept. said. CPSC Recalls: Climbing Harnesses
Petzl America issued two separate recalls for its Simba and Swan Easyfit harnesses due to missing rivets in the Fast LT Pin-Lock buckles, and for its Astro Bod Fast, Astro Sit Fast, and Canyon Guide harnesses because their D-ring can release, allowing the attachment point to open. Etcetera: On, Club Champion, Rally House, Nobull, Benchmade, Vast, Xero
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