$575 Million
In assets planned to be sold from Performance Sports Group to an investor group led by Sagard Capital, its biggest shareholder, and Fairfax Financial Holdings Ltd — a deal that was already in place when PSG announced its filing for bankruptcy protection on October 31. The investors will serve as the “stalking horse” bidder for an expected auction as part of bankruptcy court proceedings.
$250 Million To $500 Million
Enterprise value of cash-flow positive companies that Black Diamond Inc. said it is interested in acquiring. Officials said they are looking to diversify the business away from its bread-and-butter outdoor equipment products.
2 To 5 Percent
Growth projected for fitness tracking leader Fitbit during the crucial holiday-season fourth quarter to between $725 million and $750 million. The lower forecast was short of Wall Street’s consensus expectations at $981 million. Investors sent Fitbit stock down 30 percent following the news.
6.8 Percent
Rise in Big 5’s third-quarter same-store sales thanks to the bankruptcy closures of Sports Authority and Sport Chalet, which were Big 5’s main competition in the Western U.S. The benefit may not last too long as Dick’s Sporting Goods eyes expansion out West.
21.4 Percent
Drop in Nautilus Inc.’s third-quarter sales for its direct segment. Operating income for the direct segment also experienced a hit of 52.1 percent. Still, strength from its retail division helped Nautilus’ third-quarter net earnings reach $7.5 million, or 24 cents a share, up from $3.7 million, or 12 cents, in the same period a year ago.
20 Years
Amount of time Hideyuki “Rock” Ishii spent with Nike as its senior director of golf-ball innovation. Ishii was hired by Callaway Golf this past week, following Nike’s exit of the golf hardgoods business. Callaway, meanwhile, looks to take advantage, already outperforming expectations in the third quarter.
