As part of that process, Deckers and its advisors contacted 90 potential acquirers, including strategic and financial parties, both domestic and international, but this effort did not result in a transaction.
Category: Sports/Fitness
Callaway Golf’s Momentum Accelerates
Callaway Golf reported third-quarter results that handily exceeded guidance with healthy gains across all regions. The upside was driven by strength in its woods business, continued growth in golf balls, and the successful integration of its new business ventures: Callaway Apparel Japan, OGIO and now, TravisMathew.
Amer Sport Sees Sales Picking Up
Driven by apparel, direct-to-consumer and China, Amer Sports reported sales on a currency-neutral basis rose 3 percent in the third quarter, accelerating from a 1 percent gain seen in the second quarter. Strong growth in apparel, Fitness, and Winter Sports offset declines in cycling, sports equipment and ball sports.
Callaway Golf Sees 30 Percent Hike In Q3 Revenues
Callaway Golf Company increased its full year 2017 net sales and earnings guidance after reporting third-quarter profits increased significantly on 30 percent revenue growth.
Brunswick Corp’s Sales Q3 Climb 4.4 Percent
Brunswick Corporation’s consolidated net sales increased 4.4 percent in the third quarter. Net sales for the Marine Engine segment increased by 7 percent, the Fitness segment grew 2 percent and the Boat segment inched up 0.7 percent.
Amer Sports Returns To Growth In Q3
Amer Sports returned to growth on a currency-neutral basis in the third quarter as a 7 percent gain in the Asia Pacific region and a 4 percent climb in the EMEA region offset a 1 percent slide in the Americas. The gains were driven again by apparel, own retail, e-commerce and China.
Nike Accelerating Consumer-Led Transformation
Nike Inc. hosted its 2017 Investor Day today, which provided an overview on how the company is accelerating its next phase of long-term, sustainable and profitable growth. Fueled by the Consumer Direct Offense, the company stated during the investor meeting that it expects to drive high-single-digit revenue growth, expanding margins and mid-teens earnings per share growth on average over the next five years.
Nike Investor Day: Still Bullish On Growth
At its Investor Day, Mark Parker, Nike’s CEO, said he expects digital revenues to expand from 15 percent of revenues to 30 percent over the next five years. Over half of its sales growth over that period will come from “new innovation concepts that will scale across multiple categories.” About 75 percent growth will come from outside the U.S.
Nike Sees Mid-Teens EPS Growth Over Next Five Years
At its Investor Day held at Tiger Woods Center at its Portland headquarters, Nike officials said they expected earnings per share to grow in the mid-teens on high-single-digit revenue growth over the next five years.
Tennis Industry Gears Up for ‘Innovation Challenge’
The Tennis Industry Association (TIA) is now accepting applications for its Tennis Industry Innovation Challenge to be held at its Fifth Annual TOM (Tennis Owners & Managers) Conference next April.
HanesBrands’ Downgraded Over Champion’s Growth Concerns
Oppenheimer lowered its rating on HanesBrands Inc. due in part to signs of slowing growth and competitive pressures at Champion.
Shimano’s Profits Slump In Nine Months
Shimano reported earnings slumped 46.3 percent in the first nine months of the year due to a weak cycling market.
Puma Talks Rihanna Brand Benefits, Promotional Fears
On a media call following the report of above-plan third-quarter results, Bjørn Gulden, Puma’s CEO, detailed how Rihanna was boosting the brand’s women’s business while also indicating a promotional climate in both the U.S. and Europe may crimp fourth-quoter sales gains.
Planet Fitness Makes Leadership Appointments
Planet Fitness Inc. appointed Craig Miller as chief digital and information officer and Rob Sopkin as chief development officer.
UFC Signs Mouthguards License
UFC formed a new multi-year global licensing agreement with Opro, a mouthguard manufacturer.
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