For the full year, the parent of Journeys, Schuh and Johnston & Murphy now expects total sales to be down 1 percent to flat compared to Fiscal 2024 versus prior expectations for a total sales decrease of 1 percent to 2 percent.
Category: Sports/Fitness
Gymshark CFO Departs Amid Profit Decline
Gymshark did not provide a reason for CFO Mat Dunn’s departure, who filled the role in December 2022. The announcement follows the company reporting a £13m pre-tax profit for the year ending July 31, 2023, a decrease from £27.8m in the previous 12 months.
Tilly’s, Inc. Beats on Q3 Sales Estimate But Lowers Guidance on Tough Q4 Start
On a shifted basis, lining up the timing of this year’s Thanksgiving holiday with last year’s, total comparable net sales through December 3, decreased by 9.6 percent relative to the comparable period of last year ended November 28, 2023.
Lululemon Raises Full Year Guidance After Strong Q3 and Expectations for Solid Q4
For 2024, the company now expects net revenue to be in the range of $10.45 billion and $10.49 billion, representing growth of 9 percent, or 7 percent, excluding the 53rd week of 2024.
EXEC: Sports Direct Parent Fraser Group Cuts FY Guidance on Consumer Headwinds
The UK-based parent of the Sports Direct, Flannels, Jack Wills, House of Fraser, and Gieves and Hawkes retail brands saw shares fall over 10 percent on the LSE after the global sports and lifestyle retail giant issued a profit warning for the full-year.
Segway to Sell E-Bikes Through IBDs and EBDs; Hires Bike Specialty-Focused Team
Heather Henderson is the company’s senior brand manager, and Sophie Eaton is the sales operations director. Christopher Rubin is the U.S. inside sales manager. U.S. RSMs include Gavin Hayes, Chandler Head, Paul Middleton, David Bell, and CJ Bradbury.
Topgolf to Open First Mississippi Venue Before Christmas
Topgolf Ridgeland, located 11 miles north of downtown Jackson, MS, has 62 outdoor climate-controlled hitting bays spanning two levels and will employ roughly 200.
Lands’ End, Inc. Posts Q3 Adjusted Net Profit Despite Sales Declines Across Segments
Third quarter net revenue decreased to $318.6 million for the period ended November 1. Excluding the impact of transitioning kids and footwear products to licensing arrangements, net revenue increased in the low-single digits year-over-year.
Academy Sports and Outdoors Board Approves New Share Repurchase Program
This new share repurchase program totaling $700 million replaces the preceding share repurchase program, of which $423 million remained as of the end of the third quarter, and is effective as of December 4, 2024, for a period of three years.
Amer Sports Prices Upsized Public Share Offering at $23.00 Per Share
The parent of the Arc’teryx, Salomon and Wilson Sports, brands, among others, has priced its upsized public offering of 40.8 million ordinary shares at a price of $23.00 per share. The closing of the offering is expected to occur on December 6, 2024.
Duluth Trading Cites Weaker Web Conversion Rates, Slower Store Traffic, in Q3 Miss
The company said it saw growth in its average order value and a double-digit increase in digital traffic, but it was not enough to offset the year-over-year contraction in transactions. Top line trends improved leading into Black Friday week and continued through cyber Monday.
PGA of America Golf Pro and Board Director Earns PGA Master Pro Designation
The highest education designation a PGA of America golf professional can obtain, Steve Parker is a Northern Ohio PGA Section member. He joins a unique group as the 452nd to earn Master Professional status in Teaching and Coaching.
Famous Footwear Parent Cuts Full Year Guidance as Weak YTD Trends Flow into Q4
The parent company of Famous Footwear and the Naturalizer, Vionic, Allen Edmonds, Blowfish Malibu, and Sam Edelman brands is the latest retailer to reduce its full-year guidance as sales and earnings came in under expectations.
NBC Sports Names Kevin Kisner Lead Analyst for Golf Coverage
Kisner will serve as lead analyst for the majority of men’s golf events on NBC, including the U.S. Open, the Open Championship, the Players Championship, the FedExCup Playoffs, and the Ryder Cup. He will also maintain a limited playing schedule on the PGA Tour.
EXEC: Foot Locker Sees Nike Softness in Q3 While Adidas, NB, Asics, On, and Hoka Shine
Management pointed out that Foot Locker returns to growth with Nike on an allocation basis during the holiday season and also have a favorable launch calendar.
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