The company said it now believes that conditions will not improve in the next several quarters, which is negatively affecting its liquidity projections. Management determined there is substantial doubt about the company’s ability to continue as a going concern for 12 months.
Category: Sports/Fitness
G-Form Launches Signature Softball Collection with Fastpitch Star Sierra Romero
Designed in collaboration with Romero, G-Form released the Sierra Romero Signature Fastpitch Elbow Guard.
New Balance Hits $6.5 Billion in 2023; Nearly Doubles Sales Since 2020
The company delivered double-digit record growth in every global market in 2023, reaching $6.5 billion in annual sales, a 23 percent increase from 2022.
Skechers Partners with Vexx on Limited-Edition Collection
Known to the world as Vexx, Vince Okerman’s “doodles” take their inspiration from various sources, including the legendary American artist Keith Haring.
EXEC: Saucony to See Big Decline in 2024 Before Recovery
The fourth quarter was tough for Saucony as sales fell 13.4 percent (-13.7 constant-currency) to $105.1 million, from $121.3 million in the prior-year corresponding quarter.
National Golf Course Owners Association appoints new Board Member
The NGCOA recently selected Bobby Jones Links Founding Partner Whitney Crouse to serve on its Board of Directors. He has spent over three decades developing, building and managing golf properties.
Planet Fitness Q4 Profits Grow as Revenue Inches Up Amid Executive Moves
Franchise segment revenue increased 13.9 percent and Corporate-Owned Stores segment revenue increased 15.9 percent, while Equipment segment revenue decreased 25.5 percent, netting 1.4 percent growth for the quarter.
Planet Fitness Chief Financial Officer to Retire
The news comes a day after Planet Fitness reported to the SEC that former CEO and 20-year company veteran Chris Rondeau resigned from the company’s Board of Directors over job cuts and authority provided the interim CEO.
EXEC: Globe Int’l Swings to H1 Profit on Margin Gains, Cost Cuts
The work put in at Globe over the last year looks like a microcosm of the work ahead for much larger active lifestyle entities like VF Corporation and Wolverine Worldwide. Globe is proving it works.
On Expanding Global Retail Presence; to Open Portland, OR Store
The Swiss performance sportswear brand, will open its newest U.S. store in Portland, OR, on February 24 in an area of town vibrant with shops and restaurants and one mile from its Americas HQ.
Play It Again Parent Sees Growth Moderate in 2023 Second Half
Parent company of the Play It Again Sports franchisor and other retail resale banners, reported revenues for the year ended December 30, 2023 were $83.2 million, up from $81.4 million in 2022.
Pvolve To Bring New Studio to Denver
Pvolve, the omnichannel fitness company, signed a franchise agreement with member Cali Kyle to open its first studio in Denver, CO this fall.
EXEC: Inside the Wolverine Worldwide C-Suite – Assessing the Year Ahead
Fiscal 2024 revenue is expected in the range of $1.7 billion to $1.75 billion, roughly a 5.5 percent decline at the mid-point versus the 2023 revenues. Gross margins are expected to reach 45.5 percent of sales, a record high, and EPS is forecast to improve 5X at the mid-point.
Garmin Posts Solid Q4 Growth in All Active Lifestyle Segments; EPS Up 27 Percent
The company reported that consolidated revenue for the fourth quarter was $1.48 billion, a 13 percent increase compared to the prior-year quarter, with growth across all segments except Aviation.
Puma partners with F1 Academy, Champions Women in Motorsports
“Puma’s collaboration with F1 Academy is so much more than just a sponsorship; it’s a continued commitment to the advancement of females in sport, specifically Motorsport.” — Maria Valdes, Chief Product Officer, Puma
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