Company President and CEO Peter Stern said PTON was raising the mid-point of its FY25 guidance for key metrics, including ending paid connected fitness subscriptions, total revenue, and adjusted EBITDA, while maintaining guidance for total gross margin.
Author: SGB Media
EXEC: SportChek’s Q1 Same-Store Sales Expand 6.3 Percent at CTC
Canadian Tire Corp. reported SportChek delivered a third consecutive quarter of comparable sales growth, up 6.3 percent, driven by strong sales across corporate and franchise stores. Skiing, snowboards, hockey, and outerwear were the top-performing categories in the quarter.
HanesBrands Reiterates FY Outlook as Q1 Tops Targets
After reporting better-than-expected first-quarter results, HanesBrands Inc. reiterated its full-year 2025 guidance, which includes its expected impacts from U.S. tariffs. U.S. sales decreased 1 percent while international sales slid 2 percent but gained 4 percent on a constant-currency basis
Merrell and Saucony Post DD Q1 Growth at Wolverine Worldwide
Merrell increased 13.2 percent (+14.4 percent cc) in the first quarter, and Saucony jumped 29.6 percent (+31.1 percent) year-over-year. International business increased 16.4 percent year-over-year.
Crocs Withdraws Outlook Despite Q1 Easily Exceeding Expectations
First-quarter resultseasily topped analyst targets as the Crocs and Heydude brands exceeded management expectations. Sales of Crocs increased 2.4 percent, or 4.2 percent on a constant-currency (cc) basis, while sales of Heydude declined 9.8 percent.
Yeti Tops Analyst Estimates for Q1; Slashes Guidance on Tariffs Impact
The maker of coolers and insulated drinkware reported Q1 results that topped analyst estimates but lowered its outlook for the year due to the projected impact of tariffs and supply disruptions.
PickleRage Continues Michigan Expansion with Franchise Club in Portage
The club will be in Romence Plaza, which is part of the 168,000-square-foot Shoppes at Romence Village, one of Portage’s premier shopping centers, a quarter mile from Westnedge Avenue in the area’s busiest retail corridor.
Coleman, Marmot Parent’s Debt Ratings Downgraded By S&P
S&P Global Ratings lowered the debt ratings of Newell Brands Inc., parent of Coleman, Marmot, Ex Officio, Stearns, Bubba and Contigo and other consumer brands, due to the company’s exposure to weakening discretionary demand for its products and incremental costs from announced tariffs.
Costco April Comps Grow 6.7 Percent x-Gas; E-Commerce Up High Teens
Costco Wholesale Corporation reported net sales of $21.18 billion for April, the four weeks ending May 4, 2025, an increase of 7.0 percent from $19.80 billion in 2024.
Fleet Feet Chicago Opens Ninth Chicagoland Store
Fleet Feet Chicago opened its first Chicagoland store in 1996. The Algonquin store marks the ninth Fleet Feet Chicago network store, owned and operated by Dave and Lisa Zimmer.
Rossignol Group Names Adam Ketcheson Chief Commercial Officer
The addition of Ketcheson, effective June 2, is expected to accelerate Rossignol’s international omni-channel deployment and contribute to its multi-season, multi-sport strategy.
NRF Chief Economist: Top-Line GDP Figures Overstate the Weakness in the Economy
The NRF reported private final sales to domestic purchasers, a measurement that focuses on consumer and business spending, were up 3.1 percent following a 2.2 percent gain in the prior quarter, suggesting a relatively steady pace of growth.
ZeroTech Optics USA Adds Elite Outdoor Sports to Expand Nationwide Reach
Elite Outdoor Sports will represent ZeroTech Optics USA in SoCal, AZ, NM, CO, UT, MT, WY, MI, IN, OH, PA, MD DE, NJ, NH, NY, MA, CT, and RI.
Golf VX Franchise to Open Second Venue in Dartmouth
The indoor golf entertainment brand, announced a milestone in its franchise expansion with the opening of its newest location, Golf VX Boston, in Dartmouth, MA, this coming June.
Solo Brands Formally Appeals Delisting Action by NYSE Regulation Staff
The company is appealing the determination of the staff of the NYSE Regulation and, if the company is successful in its appeal, NYSE may resume trading of the Class A common stock.
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