U.S. Customer Satisfaction Falls in First Quarter
EXEC: On Holding Beats Q1 Expectations as DTC Rocks; Raises FY Guide
EXEC: Mizuno’s Annual Sales and Profits Reach Record Levels; Golf and Running Lag
EXEC: Rocky Mountain Transitions into Chaos After Court-Directed Sale of Assets
EXEC: U.S. and China Agree to 90-Day Tariff Pause
SGB Update
Inflation Rise Falls Short of Estimates; CPI Posts Slowest Annual Rate Since 2021
On an annual basis, CPI came in at 2.3 percent, reportedly the slowest annual rate since early 2021, countering the consensus estimate that it would hold at 2.4 percent.
U.S. Customer Satisfaction Falls in First Quarter
The American Customer Satisfaction Index has remained flat or dropped in four consecutive quarters, something that has not occurred since the COVID pandemic.
EoS Fitness Acquired by CorePower Owner TSG Consumer Partners
TSG Consumer owns CorePower Yoga after acquiring the business from L Catterton in 2017, and has invested in Canyon Bicycles, Revolve, Planet Fitness, and Backcountry over the last 10 years.
Callaway Golf Sees Golf Equipment as Least Weakest Link in Company’s Q1 Results
Topgolf segment revenue decreased $29.1 million to $393.7 million, with a decline in same-venue sales offsetting revenue from new venues. Same-venue sales declined 12 percent, in line with expectations.
Import Cargo Levels Expected to See First Year-Over-Year Drop Since 2023
Import cargo at the nation’s major container ports is expected to see its first year-over-year decline in over a year and a half this month as the effect of tariffs imposed by the administration on the supply chain increases, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
SGB Executive
EXEC: Under Armour’s Turnaround On Track, Forgoes FY Guidance on Tariff Uncertainty
Under Armour, Inc. saw another quarter of progress in its turnaround efforts but refrained from providing guidance for the full year due to the tariff situation. Officials told analysts they’re exploring “a range of mitigation strategies” to offset tariffs, including cost sharing, sourcing diversification and potential price adjustments.
EXEC: On Holding Beats Q1 Expectations as DTC Rocks; Raises FY Guide
On Holding posted 40 percent net sales growth on a constant-currency basis in Q1. The updated outlook implies a constant-currency net sales growth rate of close to 25 percent for the remaining nine months of the year.
EXEC: Yonex Sees Racquet Sports Boost from Summer Olympics
Japan-based racquet sports and golf equipment manufacturer Yonex Company, Ltd. reported revenues expanded 18.8 percent in its fiscal year ended March 31 to ¥138.2 billion ($936 mm). Sales for Badminton and Tennis increased in Japan and overseas due to strong demand.
EXEC: Mizuno’s Annual Sales and Profits Reach Record Levels; Golf and Running Lag
In the Americas region, Mizuno sales grew 6.2 percent on strength in golf and volleyball, while operating profits improved 18.3 percent year-over-year. The company said there is a sense of a lull in the expansion of the golf market, which has continued over the past few years.
EXEC: Rocky Mountain Transitions into Chaos After Court-Directed Sale of Assets
Three new owners are involved with e-bike maker Maui Bikes, headquartered in Québec. The new ownership team is said to bring diverse expertise, a shared love for cycling and the outdoors and a clear commitment to growing Rocky Mountain while staying true to its DNA.
