Author: Thomas J. Ryan

EXEC: Puma CEO Talks Cautious Approach on U.S. Turnaround

EXEC: Puma CEO Talks Cautious Approach on U.S. Turnaround

Puma SE delivered second-quarter results that topped analyst targets and said it might be able to raise its outlook for the year should the recent momentum in China, Europe and Latin America continue in the third quarter. However, Arne Freundt, Puma's CEO, was hesitant to forecast a return to growth in the U.S. market due to weak consumer spending. (Read More)

EXEC: Life Time Shares Hit by Membership Shortfall

EXEC: Life Time Shares Hit by Membership Shortfall

Shares of Life Time Group Holdings, Inc. were down about 15 percent in late-afternoon trading Tuesday after reporting adjusted EBITDA exceeded analyst targets, but revenues and membership growth came in below plan. Bahram Akradi, founder, chairman and CEO remains bullish on the high-end fitness center prospects, telling analysts that membership growth is in line with plan. (Read More)

EXEC: Selkirk Sport Co-Founder Talks Capitalizing on Pickleball’s Fast Growth

EXEC: Selkirk Sport Co-Founder Talks Capitalizing on Pickleball’s Fast Growth

Brothers Mike and Rob Barnes started Selkirk Sport in Hayden, ID, in 2014, believing that pickleball, once an obscure sport played by seniors and in physical education classes, was about to take off.  Rob Barnes, co-founder and co-CEO, talked with SGB Executive about Selkirk's and the sport of pickleball's potential growth and its challenges. (Read More)

EXEC: Inside the Jogology Launch with Co-Founder Tanya Pictor   

EXEC: Inside the Jogology Launch with Co-Founder Tanya Pictor  

Tanya and Bert Pictor, the founders of Balega Socks, are partnering with Luke Rowe, the running industry veteran, to launch a new running sock brand, Jogology, that will be sold exclusively at run specialty stores. Tanya Pictor talked to SGB Executive about inspiration behind Jogology and how the brand plans to differentiate itself in the crowded sock market. (Read More)

EXEC: Nike Delivers Rare Quarterly EPS Miss, Cloudy Outlook

EXEC: Nike Delivers Rare Quarterly EPS Miss, Cloudy Outlook

Nike missed on earnings for the first time in three years as compressed margins weighed on profits during its fiscal fourth quarter ended May 31. The sportswear giant also forecast first-quarter revenue below Wall Street targets as North America softness  overshadowed China's recovery. On the positive side, Nike indicated demand remains healthy across regions and inventories have been rebalanced to position the company for profitable growth going forward. (Read More)

Report: Outdoor Recreation M&A Slower But Valuations Holding Up Amid Turmoil

Report: Outdoor Recreation M&A Slower But Valuations Holding Up Amid Turmoil

A market report from Capstone Partners found that M&A activity has slowed in 2023 as sellers and buyers have approached transactions with increased caution amid economic headwinds. However, the company found that price multiples remained robust for making deals as the industry continues to benefit from elevated spending and participation rates since the pandemic. (Read More)

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