Adidas reported earnings climbed 17 percent in the first quarter as sales grew on a currency-neutral basis and gross margin expanded 150 basis points. Growth was particularly strong in North America, up 21 percent on a currency-neutral basis, and Asia-Pacific, ahead 15 percent.
Author: sportsoneauthor
Acushnet’s Q1 Earnings Advance
Acushnet Holdings Corp., the parent of Titleist, reported first-quarter net income of $41.5 million, up 8.9 percent year over year. Sales reached $441.8 million, up 1.9 percent year over year, down 2.2 percent in constant currency.
Fitbit Posts Q1 Loss On Revenue Decline
Fitbit Inc. reported a loss of $80.9 million, or 34 cents per share, in the first quarter ended March 31, compared to a loss of $60.1 million, or 27 cents per share, in the same quarter a year ago. The company reported sales of $247.9 million, a 17 percent decline from last year. Fitbit’s income and revenue topped analyst expectations, but the company’s forecast for the current quarter is lower than expected as it works to sell off old products and shift focus to the new Versa.
Academy Sports To Open Two New Locations In NC
Academy Ltd., dba Academy Sports + Outdoors, will open the company’s first stores in Matthews, NC and Winston-Salem, NC, this summer. The company recently opened the first store in New Bern, NC, last month.
Gildan Reaffirms Guidance Amid Q1 Income & Revenue Decline
Gildan Activewear Inc.’s net income and revenue tumbled in the first quarter ended April 1, but both were within management expectations and the company reaffirmed full-year guidance issued on Feb. 22.
Fitness And Outdoor Drive Garmin’s Q1 Growth
Powered by robust gains in its Outdoor, Fitness and Aviation segments, Garmin Inc. reported sales climbed 10.8 percent in the first quarter.
The Fēnix drove Outdoor and the new Forerunner launch helped lift Fitness.
Gander Outdoors Opens Four More Locations
Gander Outdoors, formerly known as Gander Mountain, set grand opening celebrations for new stores in Bemidji, MN; Florence, AL; Kingston, NY and Sheboygan, WI.
Fathead Enters Strategic Partnership With FlyQuest
Fathead LLC and FlyQuest Sports partnered to launch a line of FlyQuest wall graphics. The agreement marks Fathead’s entrance into esports.
PGA Tour Superstore Opens Second Houston Store
PGA Tour Superstore announced the upcoming grand opening of a store at Katy Ranch Crossing Shopping Center in Houston.
Payless ShoeSource To Add Office Location In Dallas
Payless ShoeSource announced plans to open an additional office in Dallas, Texas. In addition to the Dallas office, select business operations will remain in Topeka, KS and other locations around the world.
Oboz Hires Marketing Manager
Oboz Footwear’s marketing team has grown with the addition of Judd Salvas in the newly created position of marketing manager.
Big 5 Wacked By Weather Woes In Q1
Big 5 Sporting Goods reported that a lack of cold weather crushed its winter business early in the first quarter while the arrival of chilly weather restrained its spring business later in the quarter.
Farm to Feet … The Fine Art Of Wool Socks
Farm to Feet is committed to creating the world’s best wool socks by using an all-American recipe.
Garmin Sees Double-Digit Earnings Growth In Q3
Garmin Ltd. reported operating earnings rose 21.5 percent in the first quarter. Sales climbed 10.8 percent, led by gains of 24 percent in the company’s Outdoor segment, 20 percent in Fitness and 19 percent in Aviation.
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