Author: Thomas J. Ryan

EXEC: Planet Fitness Counting On Gen-Z To Drive Same-Store Sales

EXEC: Planet Fitness Counting On Gen-Z To Drive Same-Store Sales

Planet Fitness has seen a strong recovery from the pandemic, with the first quarter marking an all-time record-high for membership count, at 16.2 million members. To continue to drive same-store growth, Planet Fitness is looking to connect with teens. Planet Fitness CEO Chris Rondeau told analysts, "Gen Z was the fastest-growing demographic group of our membership in 2021." (Read More)

EXEC: SportChek’s Stellar Q1 Performance Boosted By Hockey’s Return

EXEC: SportChek’s Stellar Q1 Performance Boosted By Hockey’s Return

SportChek’s same-store sales grew 10.2 percent in the first quarter, boosted by a return to playing hockey and strong demand for skiing. Greg Hicks, Canadian Tire’s president and CEO, said on a call with analysts, “SportChek delivered its strongest Q1 on record, with comparable store sales up significantly as families returned to organized sport, namely hockey as well as skiing.” (Read More)

EXEC: Fox Factory’s Cycling Segment Delivers 44 Percent First-Quarter Growth

EXEC: Fox Factory’s Cycling Segment Delivers 44 Percent First-Quarter Growth

Fox Factory Holding Corp. said sales in its Specialty Sports Group (SSG), its cycling component segment, grew 43.5 percent in the first quarter year over year, to just under $170 million. Fox Factory’s CEO Mike Dennison, told analysts, “Our order book remains robust for the rest of 2022, supported by signs of improvement in supply chain capacity.” (Read More)

EXEC: Champion’s Growth Stymied By Supply Chain Snarls

EXEC: Champion’s Growth Stymied By Supply Chain Snarls

Champion sales globally increased 6 percent on a currency-neutral basis in the first quarter and expanded 28 percent on a two-year stack basis although supply chain constraints restrained the gains. Officials at Hanesbrands, Champion’s parent, also spoke highly of the hiring of former Adidas executive Vanessa LeFebvre to guide Champion’s growth. (Read More)

EXEC: Vista Outdoor Looks To Split Its Outdoor And Ammunition Businesses

EXEC: Vista Outdoor Looks To Split Its Outdoor And Ammunition Businesses

Vista Outdoor reported its seventh consecutive quarter of record quarterly results to close out another record fiscal year, but the big news was management’s decision to split its Outdoor Products and Sporting Products segments into two independent, publicly-traded companies. On a call with analysts, CEO Christopher Metz said the separation will enable each business to better prioritize growth strategies. (Read More)

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