Peloton, the exercise bike maker and interactive fitness provider, on Tuesday filed an S-1 statement with the Securities and Exchange Commission, officially announcing that it plans to raise $500 million in an initial public offering amid significant losses but impressive revenue growth. SGB digs into the IPO’s important facts and figures.
Author: SGB Media
PVH Lowers Outlook
PVH Corp. reported second-quarter revenue increased 1 percent (increased 3 percent on a constant currency basis) compared to the prior-year period and exceeded guidance. The company lowered its full year 2019 EPS outlook to reflect a more conservative view in part due to trade war tensions.
Shoe Carnival Earnings Grow Slightly Amid Back-To-School Momentum
Shoe Carnival Inc. on Wednesday reported comparable store sales for the second quarter increased 1.4 percent while earnings per diluted share increased 5.3 percent to 80 cents, beating Wall Street’s estimates by 2 cents.
Tilly’s Q2 Comps Inch Up 0.6 Percent
Tilly’s Inc. reported earnings were down slightly but handily topped guidance after sales recovered in June and July after a sluggish May.
National Wheelchair Basketball Association Appoints Molten Official Basketball Supplier
The National Wheelchair Basketball Association (NWBA) of the USA and sports manufacturer Molten announced a new partnership.
Sportsman’s Warehouse Raises Full-Year Comp Sales Guidance
Sportsman’s Warehouse Holdings Inc. on Wednesday raised its full-year comparable sales growth range to flat to 2 percent, up from -1 percent to 1 percent, after reporting a strong quarter that saw the company beat revenue and earnings estimates.
True Hockey Partners With USA Hockey
USA Hockey announced a multi-year partnership with True Hockey, a leading manufacturer of hockey equipment.
Under Armour Partners With Eastern New Mexico University
Under Armour signed Eastern New Mexico University (ENMU) to a four-year sponsorship deal.
Kitsbow Moving Manufacturing Facility to Asheville, NC
Kitsbow, maker of cycling clothing and accessories, is relocating its manufacturing to a new facility near Asheville, NC, that will open before the end of 2019. The company plans to earn 95 percent of its revenue from products made onshore by 2021.
RYU Apparel Sees 31 Percent Q2 Revenue Increase
RYU Apparel Inc. reported revenue in the second quarter of 2019 was Canadian $1.5 million, 31 percent higher than the same period in 2018.
Apparel Manufacturer Tegra Expands Domestic And International Facilities
Tegra, an apparel manufacturing and supply chain provider, announced Wednesday its next phase of capacity and capability expansion in the Western Hemisphere with recently completed projects in the U.S. and Central America.
Women Of Will Hall Of Fame Awards Recognizes Student-Athletes And Coaches
BSN Sports and Under Armour announced recipients of the inaugural Women of Will (WOW) Hall of Fame Awards. The awards, which were handed out as part of a celebration at Under Armour headquarters on August 21 to 22, recognize the top five athletic directors in the WOW program based on their commitment to the WOW mission and overall ability to empower women’s athletics in their schools.
Americans For Free Trade Coalition Unloads On Tariffs In Letter
The Americans for Free Trade Coalition—which includes Outdoor Industry Association, Snowsports Industries America, Sports & Fitness Industry Association and many others—on Wednesday sent an “urgent request” to President Trump that he “postpone all tariff rate increases on Chinese goods that are scheduled to take effect this year.”
Oakley Named An Official On-Field Partner And Licensee Of NFL
Oakley announced a four-year partnership with the National Football League, becoming an official on-field partner and licensee of the NFL. The partnership — the biggest sports deal in the brand’s history — will commence at the start of the forthcoming football season.
Nike Partners With Olympic Committee On Girls Sports Initiative
Nike Inc. and the United States Olympic & Paralympic Committee released “Coaching Girls,” an expansion of the How to Coach Kids offering for volunteer youth coaches, designed to create a culture that makes sport fun for girls.
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