The Swiss running brand slightly lowered its earnings expectations as tariffs have introduced higher levels of planning uncertainty but slightly raised its it sales expectations for the year.
Author: SGB Media
GoPro, Inc. Sees Q1 Revenues Decline DD as Company Looks to Services for Upside
Subscription and service revenue increased 4 percent year-over-year to $27 million, primarily due to 5 percent ARPU growth from improving retention rates. GoPro.com revenue, including subscription and service revenue, was down 18 percent year-over-year.
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.
Daniel Defense Names Executive Director of Double D Foundation
The company said the Double D Foundation has “already made a powerful impact in Georgia and South Carolina by funding youth shooting sports teams, equipment and training, helping develop a culture of skill, responsibility and patriotism.”
Federal Ammunition Wins Ammo Contract for Canada Law Enforcement Entities
Owned by the Czechoslovak Group (CSG), Federal Ammunition was recently awarded contracts to supply several Canadian law enforcement organizations with handguns and rifle ammunition for training and duty purposes.
Rural King Opens New Warren, Ohio Store
With a legacy spanning over six decades, the new family-owned store offers mobile and self-checkouts, and carries outdoor brands including Carhartt, Blackstone, Big Green Egg, Ariat, Under Armour, Black Rifle Coffee Company, Walnut Creek Foods, and Henry Rifles, focusing on serving diverse customer needs.
EXEC: Havaianas Brand Posts Double-Digit Q1 Growth on Robust Brazil Sell-In
Brazil-based Alpargatas reported sales grew 17.5 percent in the first quarter with healthy growth for Havaianas in Brazil and at Rothy’s. On a constant-currency (cc) basis, Havaianas sales in the U.S. were up slightly but declined in Europe and in distributor markets.
EXEC: Peloton CEO Highlights Four “Objectives” to Drive Growth
The operator of a connected fitness platform in North America and internationally raised its full-year guidance for the third quarter. Recently hired CEO, Peter Stern, highlighted four objectives on an analyst call for engaging current and new members to fuel growth.
Malibu Boats Sees Fiscal Q3 Sales Climb 12 Percent
Gains in the company’s Malibu segment offset declines in the Saltwater Fishing and Cobalt segments. The boat maker slightly lowered its guidance for the year due to softer retail trends and ongoing market uncertainty.
Kinsey’s Hires Software Engineer
Alyssa Zevallos, a 10-year industry veteran, has strong skill sets in digital engineering. She began her role at Kinsey’s on May 7 with a programming and software integration background.
True Spec Golf Opens Second Chicago Location in Partnership with The Golf Practice
The boutique golf club fitter now has a second location in partnership with The Golf Practice, True Spec Chicago West. The company also partners with The Golf Practice, a golf training academy for kids and adults, at its North Shore location in Lisle.
Recall Expansion: Igloo 90-Quart Flip & Tow Rolling Cooler
This recall expansion involves an additional 130,000 Igloo 90 Quart Flip & Tow Rolling Coolers manufactured before January 2024.
EXEC: Yeti Slashes Guidance on Product Delays, Tariffs Fallout
Yeti’s moves to shift production out of China are ahead of plan with 90 percent of its U.S. drinkware capacity expected to be ex-China by the end of the year. However, delays caused by the sourcing shifts as well as the tariffs themselves caused the Yeti to ax its guidance for the year.
Xponential Fitness NA System-Wide Sales Climb 18 Percent
Xponential Fitness Inc. reported North America system-wide sales climbed 18 percent in the first quarter with overall results in line with expectations. The fitness boutique owner lowered its guidance on global net new studio openings for the year but reaffirmed its guidance on system-wide sales, total revenue, and adjusted EBITDA.
Fox Factory Tops Q1 Guidance
Fox Factory Holding Corp. reported first-quarter loss on a steep goodwill charged related to tariffs but adjusted earnings surpassed guidance with the benefit of cost-control efforts. Sales grew 6.5 percent with gains across its Aftermarket Applications Group (AAG), Specialty Sports Group (SSG) and Powered Vehicles Group (PVG) segments. Guidance was reaffirmed for the year.
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