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Daily News Feed 06/30/2026 Nike Profits Jump on Tariff Refund Windfall
The Eager Beavertons’ recognition of an expected $986 million recovery of IEEPA tariffs boosted net income fivefold to $1,069 million from $211 million in the final fiscal quarter ended May 31, as revenue dipped 1% to $10,972 million from $11,097 million, and would have been down 4% in constant currency. Kingmaker Loss Widens as U.S. Sales Slip
The Chinese footwear manufacturer for Wolverine Worldwide and other brands posted a loss attributable to shareholders of HK$70,623,000 ($9.2 mm) for the fiscal year ending Mar. 31, doubling from HK$33,890,000, as revenues were off 3% to HK$607,140,000 ($78.9 mm) from HK$625,876,000. Colt CZ Sells Stake in Hungarian Subsidiary
The group has sold its remaining 51% stake in its Colt CZ Hungary joint venture to Hungarian state-owned company N7 Defence Holding Zrt, making N7 the sole owner of the former subsidiary. Skechers Sues over Cozy Fit Mark
Skechers denied that it’s using false infringement claims against the China-based medical scrubs company Wenzhou Zehui Clothing over the Cozy Fit mark and fired back with a series of counterclaims in CA district court. Etcetera: Summit Golf Brands, Xtep, Puma
06/29/2026 Honma Golf Gains Powered by U.S., Korea
The bottom line at the high-end Japanese golf club maker swung to a ¥1,119.8 million ($7.5 mm) profit for the fiscal year ended Mar. 31, compared to last year’s loss of ¥264.2 million on 3% higher revenues of ¥22,259.7 million ($149.1 mm) from ¥21,672.1 million. Perfect Moment’s Wholesale Shift Boots FY Results
Net loss attributable to shareholders at the luxury skiwear and lifestyle brand narrowed to $1,590,000 from $7,325,000 for the fiscal fourth quarter ended Mar. 31 as channel mix shifts and operational improvements translated to significant margin improvement. Under Armour and WNBA Part Ways
Under Dog has let its brand partnership deal with the WNBA lapse this year, thereby requiring players to cover the brand’s logos on footwear to comply with the league’s licensing agreement with Nike. GSM Outdoors’ Leverage Improving, Moody’s Says
The ratings agency affirmed GSM Outdoors’ B3 corporate family rating with a stable outlook and noted that leverage declined to 5.7x over the last 12 months, with further improvement expected. National Park Visits Inch Lower in May
National Park recreational visits dipped 3% year-over-year last month to 31,566,392 from 32,383,785, and year-to-date visits were off 2% to 109,424,318 against 111,577,323.
06/26/2026 Industry Sales Grew Last Year, But Profit Didn’t
Impacted by tariffs, inflation, and macroeconomic uncertainty across the globe, some companies managed 2025’s challenges more successfully than others, as the industry’s aggregate profit margin compressed 170 basis points to 6.3% from 8.0%. Authentic Brands Scores Moody’s Upgrade
The ratings agency elevated ABG Intermediate Holdings 2 LLC’s corporate family rating to Ba3 from B1, and bumped up its issue level ratings, maintaining a stable outlook. Lululemon Shareholders Approve Appointments
LULU sees Chip Wilson’s director choices—Laura Gentile, former ESPN marketing chief, and Marc Maurer, former co-CEO of On—join its board, following the company’s 2026 annual meeting. Rudy Project Taps Mayer to Lead North America
The Italian sports helmet and eyewear brand tapped Jaclyn Mayer as general manager of Rudy Project North America, as the brand transitions from its longtime independent distributorship model to direct ownership under Rudy Project S.p.A.
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