Peloton Interactive raised its earnings guidance for its fiscal year ending June 2025 after seeing a strong recovery in earnings on an adjusted basis for the holiday quarter on better-than-expected sales. Revenues in its December quarter were down 6.1 percent.
Category: Sports/Fitness
EXEC: Mips AB Posts Strong Q4 Results on Helmet Rebound; Long-Term Goals Revised
The Swedish helmet technology provider said it saw a strong end to 2024 with solid growth in all categories and all geographies. The company posted sales of SEK 144 million in the fourth quarter, a 58 percent increase from SEK 91 million in Q4 2023.
Under Armour Shares Rise After Q3 Beat on Estimates; Raises Fiscal 2025 Outlook
Under Armour Inc. raised its sales and EPS guidance for its fiscal year ended March 31 after third-quarter results topped expectations. Sales were down 6 percent in the third quarter with an 8 percent decline in the North America region.
Brooks Running Posts 9 Percent Growth In 2024
Brooks Running reported sales were up 9 percent in 2024, fueled by growth in every region and channel. The performance marked eight consecutive years of growth for the brand, delivering a 13 percent compound annual growth rate over that horizon.
Sports Facilities Companies to Open or Break Ground on 12 Facilities Nationwide in 2025
SFC’s new projects for 2025 are expected to drive economic impact and community growth nationwide through youth and amateur venues.
Crunch Franchise to Open Crunch Facility in Windcrest, Texas
Tony Hartl, founder of The Undefeated Tribe and Crunch franchisee, plans to open Crunch San Antonio Windcrest in Windcrest, TX, this Fall. This will be Hartl’s fifth Crunch gym in the San Antonio area, with 11 more in the planning.
BSN Sports Parent Appoints Two C-Suite Leaders to Executive Team
Javier Idrovo was named chief financial officer and Jim Baldwin as chief legal and compliance officer. They succeed John Hutchison and Burton Brillhart, who recently announced their retirement from the company.
Pickleball Kingdom Franchise to Open in Memphis, TN
The location 42,300-square-foot space will be led by franchisees Bappa Mukherji, Anjali Mukherji Doria and Jake Doria, and located in Southeast Memphis near Germantown.
Fleet Feet Franchisees Acquire Flying Feet Sports Shoes in York, PA
With stores in Mechanicsburg and Harrisburg, PA, this marks the third Fleet Feet store location owned and operated by Shelby and Fred Joslyn.
EXEC: JD Group Appoints Jared Briskin as CEO of Hibbett
Hibbett was acquired by global active lifestyle retail behemoth JD Group in July 2024. Briskin, who had been serving as EVP of Merchandising at the time of the sale, was promoted to COO after the sale closed and added the President title shortly thereafter.
Fleet Feet Concord Opens in North Carolina
Mark and Kristin Harris’ Concord, NC store, in the Christenbury Village, is the second for them, as they also own a Fleet Feet store in Huntersville, NC.
Archive Raises $30M Series B Funding to Expand Resale Intelligence Software
Archive said it has launched new partnerships with New Balance, Fjällräven and Dr. Martens, among others, in addition to expanding existing resale programs with The North Face, DVF, Faherty, and M.M.LaFleur.
Rally House to Open Store in Blacksburg, VA
The store is the first for Rally House in Virginia and will occupy the previous Tech Bookstore building near the corner of South Main Street and Lee Street. A Spring 2025 opening is planned.
Newton Golf Announces $1 Million Share Repurchase Authorization
The tech-focused golf company’s Board of Directors approved a share repurchase authorization of up to $1 million of its common stock, effective January 31, 2025, and expiring January 31, 2026.
Pickleball Kingdom Franchise to Open Cincinnati Venue in Spring 2025
The new venue will span 33,000 square feet and feature 12 professional-grade indoor courts, coaching and clinics, youth programs, leagues and tournaments, and community and corporate events when open.
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