HanesBrands reported fourth-quarter net sales increased 4 percent to $1.645 billion. Organic sales, which exclude acquisitions under a year old, increased 2 percent in constant currency in the fourth quarter, the second consecutive quarter of organic growth. Champion sales were up 15 percent.
Category: Sports/Fitness
Vista Outdoor Q3 Profitability Slides Before Special Items
Vista Outdoor Inc. reported earnings before special items fell in the third quarter ended December 31 as sales slid 11 percent.
Amer Sports Sees 4 Percent Q4 Revenue Growth
Amer Sports reported operating earnings in the fourth quarter before special items rose 13.9 percent as revenues grew 9.0 percent on a currency-neutral basis. The gains were led by the Fitness segment, up 12 percent, and Outdoor, 11 percent. Ball Sports inched up 1 percent.
Mizuno Sees Profits Rebound In Nine Months
Mizuno Corp. reported a significant improvement in earnings in the nine months ended December 31 with the help of lower operating expenses and improved margins. Sales dipped 1.6 percent with sales in the Americas region off 9.8 percent.
Off Broadway Shoe Warehouse Launches Puma Shop
Off Broadway Shoe Warehouse has launched the Puma Shop – a concept that is exclusively available at the footwear retailer’s Los Angeles location.
Puma Partners With Senegal Football
Puma and the Senegalese Football Association mutually announced a long-term agreement that will see the “Lions of Teranga” outfitted in the Puma brand beyond the 2018 FIFA World Cup in Russia.
Dick’s Seen Benefiting From Eagles Win And Bat Regulation Changes
J.P. Morgan reiterated its “Overweight” rating on Dick’s Sporting Goods as it expects a “near-term comp” benefit from the Philadelphia Eagle’s Super Bowl win and an equal benefit from new Little League bat regulation.
Garmin And Navico Resolve Patent Disputes
Garmin International, Inc., a unit of Garmin Ltd. and Navico, parent company to the Lowrance, Simrad and B&G brands, announced that they have ended a three-year-long dispute relating to sonar and auto guidance patents.
Callaway Golf’s Q4 Revenues Climb 17 Percent
Callaway Golf Company reported slightly widened its loss in the fourth quarter but it was better than the company’s guidance. Sales expanded 17 percent due to continued success of the EPIC driver and fairway woods and the acquisitions of OGIO and TravisMathew.
New Balance Launches “Fearlessly Independent Since 1906” Campaign
New Balance announced the launch of Fearlessly Independent Since 1906 – its new inspirational global brand communication platform that reflects the heritage and non-conventional values of the global sports company. New Balance ambassadors including Francisco Lindor, Rose Lavelle, Paul Rabil, Jurgen Klopp, Brenda Martinez and PJ Ladd are in the campaign.
Gold’s Gym Continues To Expand
Gold’s Gym plans to expand in Europe, China and Qatar as domestic franchise development also targets another 25 gyms in the U.S. across hot markets including Tampa; Orlando; Minneapolis; San Jose, Calif.; Atlanta and the New York metro area.
National Girls & Women In Sports Day Held On Capital Hill
A coalition of champion athletes and women’s rights activists arrive on Capitol Hill on Wednesday to celebrate the 32nd annual National Girls & Women in Sports Day (NGWSD), a national observance celebrating the extraordinary achievements of girls and women in sports.
University Of Central Arkansas Partners With Nike And BSN Sports
The agreement, which will commence on June 1, 2018 is part of BSN Sports Collegiate Select program, which aims to make BSN Sports a one-stop provider for all collegiate athletic, intramural, club and staff apparel and equipment to all D1, D2, D3 and NAIA schools.
Peak Unveils National Uniforms For PyeongChang 2018 Winter Olympics
On January 31, Chinese sportswear brand PEAK held a collection release conference which unveiled the uniforms of six national teams that will participate in the 2018 Winter Olympics. These nations include Brazil, Slovenia, New Zealand, Iceland, Ukraine and Romania.
CNBC: Lululemon CEO Resignation Tied To Relationship With Female Designer
According to a report from CNBC, the resignation of Laurent Potdevin as CEO of Lululemon was partly due to an inappropriate relationship with a female designer at the company.
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