SportChek’s Q1 Sales Slump 13.1 Percent

Canadian Tire Inc. reported sales in its SportChek segment decreased 13.1 percent while comparable sales decreased 1.8 percent. Helly Hansen’s revenue in the quarter was $121.5 million, a decrease of 7.3 percent. On a constant currency basis, Helly Hansen revenue grew 0.6 percent.

Fitbit’s Device Sales Sink 26 Percent In Q1

Fitbit Inc. reported that it sold 2.2 million devices in the first quarter, down 26 percent year-over-year, leading to a 30.8 percent in revenue decline to $188.2 million. That missed Wall Street’s expectations by $80.4 million.

Peloton Raises Full-Year Guidance

In just its third quarterly earnings report since going public, Peloton Interactive Inc. notched another revenue beat as the company grew its number of connected fitness subscribers 94 percent to 886,100 and its total members to more than 2.6 million. The company also raised its full-year guidance.

Fox Factory’s Adjusted Q1 Profits Slip

Fox Factory Holding reported earnings on an adjusted basis declined slightly in the first quarter. Revenues grew 14 percent as strong gains in Powered Vehicles Group due to acquisitions offset a 1.8 percent decrease in Specialty Sports Group sales.

Gap Inc. Outlines Strategic Plan For Store Re-Openings

Gap Inc. said it’s preparing to re-open up to 800 of its Old Navy, Athleta, Gap, Banana Republic, Janie and Jack and Intermix stores before the end of the month, starting with a small selection of locations in Texas this weekend. The company’s top priority remains the health and safety of its employees, customers and communities. 

Kitsbow Appoints Andrew Chmar To Board of Directors

Kitsbow, maker of cycling clothing, announced that Andrew Chmar has joined Kitsbow’s Board of Directors. An expert logician having served in the U.S. Army for more than two decades, Chmar brings extensive expertise in strategic planning and operational management to the Kitsbow board.