Dorel Sports, which owns Cannondale, Schwinn and Sugoi, again saw a sharp decline in revenues due to continued challenges in the cycling space and inclement weather, but underlying earnings improved on fatter margins.
Category: Sports/Fitness
Fox Factory’s Q2 Revenues Climb 18 Percent
The increase reflected a 42.7 percent increase in sales of powered vehicle products and a 2.9 percent increase in sales of bike products.
Dorel Sports Sees 11.6 Percent Q2 Sales Drop
Part of the revenue shortfall in the second quarter resulted from weakness in consumer demand in the mass bike channel due particularly to the prolonged unfavorable North American weather.
Callaway Golf Sees 24 Percent Hike In Q2 Revenues
The increase was led by a 64 percent increase in sales of woods, primarily due to strong sales of the EPIC line of woods, and a 74 percent increase in gear, accessories and other, primarily due to the addition of the new business ventures, OGIO and the Japan apparel joint venture.
Newell Brands’ Play Segment Sees Modest Q2 Decline
Pro forma core sales declined 1.2 percent as solid growth on Beverages, Coolers and Team Sports was more than offset by a decline on Fishing related to broad retail inventory destocking across specialty and mass retailers and the negative impact of a key retail customer bankruptcy.
Adidas Outdoor Named Title Footwear Sponsor For Audi Power Of Four Trail Run
The event is a premier endurance race series utilizing the scenic and challenging terrain of each of the four Aspen Snowmass mountains.
Scott Montgomery Becomes CEO Of Reynolds Cycling
Industry veteran Scott Montgomery has become the CEO of Reynolds Cycling of Sandy, UT.
GoPro’s Q2 Easily Tops Wall Street Targets
GoPro reported second quarter revenue was $297 million, up 34 percent year-over-year and 36 percent quarter-over-quarter.
Callaway Golf Company To Acquire TravisMathew For $125.5 Million
Callaway Golf Company (ELY) announced it has entered into a definitive agreement to acquire TravisMathew, LLC, a high-growth golf and lifestyle apparel company, for $125.5 million in an all-cash transaction
How Did Salt Lake’s Last Outdoor Retailer Show Go?
While traffic appeared light, as expected, at last week’s Outdoor Retailer Summer Market, hearts were heavy given the show’s exit from Salt Lake City for the first time in 22 years.
Gildan Activewear’s Q2 Boosted By Margin Gains
Gildan Activewear Inc. said it expects its earnings for the year to now come in at the high end of its guidance range after reporting strong margin improvement drove healthy second-quarter earnings.
Fitbit Readies Smartwatch Holiday Launch
Fitbit logged a steep loss in the second quarter on a sharp sales decline. But shares closed up 77 cents, or 15.2 percent, to $5.84 on Thursday as results came in better-than-expected and officials indicated that its first smartwatch would be arriving in time for holiday selling.
Interbike Heading To Reno-Tahoe
Interbike, the largest cycling trade show in the U.S., has selected Reno-Tahoe as the new home for the Interbike trade show and the site of the newly-created Interbike Marketweek. The show has been in Vegas since 2011.
Road Runners Club Of America Announces Summer 2017 Runner Friendly Communities
Eight communities have the “right stuff” of community infrastructure and support plus local government involvement for designation.
TYR Sports Signs Olympic Gold Medalist Tom Shields
The manufacturer of competitive swim and triathlon gear signed Olympic gold medalist, three-time World Championship gold medalist and American record holder Tom Shields to its roster of sponsored athletes.
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