Amer Sports reported earnings in the third quarter jumped 47.0 percent as sales gained 8.5 percent. The gains were led by the Outdoor segment which saw sales expand 12 percent on a currency-neutral basis. The Ball Sports segment was ahead 4 percent and Fitness segment was flat.
Category: Sports/Fitness
Puma Slightly Lifts Full-Year Guidance On Q3 Beat
Puma reported net earnings rose 24.8 percent in the third quarter as sales grew 14 percent on a currency-neutral basis. The gains were driven by double-digit growth in the Americas and Asia/Pacific regions.
Wall Street Journal: Berkshire Partners Considering Sale Of Implus
Berkshire Partners is exploring a sale of Implus LLC, the parent of Sof Sole, Balega, SKLZ, Triggerpoint and a number of other brands in the accessories space, the Wall Street Journal reported. Berkshire has hired Robert J. Baird and Jefferies LLC to run an auction that could value Implus at about $1 billion, the article said.
Callaway Golf’s Q3 Earnings Jump Three-Fold
Callaway Golf lifted the company’s guidance for the year after reporting that third-quarter earnings more than tripled on improving gross margins and an 8 percent revenue gain.
Jury Finds Three Defendants In Adidas Basketball Corruption Trial Guilty
All three defendants in the college hoops corruption trial, Adidas executive James Gatto, former Adidas consultant Merl Code and former sports agent Christian Dawkins, were found guilty Wednesday by a federal jury.
Hayes Performance Systems Acquires Reynolds Cycling LLC
Hayes Performance Systems representatives announce the acquisition of Reynolds Cycling LLC, maker of premium carbon wheels. Financial terms of the deal were not disclosed.
Garmin Opens Olathe Campus Expansion
Garmin opened the first phase of the company’s facility expansion at the company’s North American headquarters in Olathe, KS.
Shimano’s Profits Expand 3.2 Percent In Nine Months
Shimano Group reported that net sales in the first nine months increased 3.2 percent from the same period of the previous year to ¥253.9 billion. Operating income increased 2.7 percent to ¥47.8 billion, ordinary income increased 35.2 percent to ¥54.8 billion and net income increased 42.4 percent to ¥40.0 billion.
Luxottica Group’s Sales Expand 3.5 Percent In Q3
Luxottica Group, the parent of Oakley, Ray-Ban and Sunglass Hut, reported net sales in the third quarter of 2018 were up 3.5 percent at constant exchange rates thanks to the strong performance of the Retail division and e-commerce platforms as well as solid growth in Europe, North America and Asia-Pacific.
Garmin Collaborates With Fitabase
Garmin International Inc., a unit of Garmin Ltd., announced a collaboration with Fitabase that will enable researchers to access data from Garmin wearables via the Fitabase platform, providing curated data sets ideal for deep analysis.
New Balance Signs High School Basketball Standout
New Balance has signed high school basketball standout Darius Bazley from Cincinnati to an endorsement deal, according to the New York Times.
Piper Jaffray: Vans And Adidas Still Favs With Teens
According to Piper Jaffray’s 36th semi-annual Taking Stock With Teens survey for Fall 2018, the most notable brand gainers in mindshare with teens have been Vans, Adidas, Lululemon and surprisingly, Crocs. Streetwear and 1990s themes were seen accelerating while Nike’s erosion in teen mindshare appears to be bottoming.
Nike Signs First Esports Ambassador
Nike signed the company’s first ever endorsement deal with an esports athlete, Chinese League of Legends player Jian ‘Uzi’ Zihao.
Q4 Sports Signs Marreese Speights
The former member of the Golden State Warriors’ 2015 championship team joins New Orleans Pelicans’ guard E’Twaun Moore, Indiana Pacers’ guard Darren Collison and Detroit Pistons’ guard Langston Galloway as ambassadors and designers of the Los Angeles-based sneaker brand.
Honey Stinger Secures Equity Investment
Honey Stinger, the manufacturer of honey-based nutritional products, announced an equity investment by Factory LLC.
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