EXEC: Asics Lifts FY EPS Outlook On Robust Q3 Results, North America Profitability Jumps
Asics Corp. raised its earnings forecast for the year after reporting earnings in the third quarter jumped 44.0 percent on a 21.3 percent sales gain, driven by SportStyle and Onitsuka Tiger categories. Operating profits in the Americas region grew 28.2 percent on 5.7 percent sales growth.
EXEC: The BasicNet Group Adds Woolrich to Brand Family in €40 Million Acquisition
The operation involves the acquisition through a company wholly owned by BasicNet, of the rights to the Woolrich brand for Europe and of 100 percent of Woolrich Europe SpA, the company that handles its distribution and retail. Revenues for the 2025 financial year are forecast be ~€90 million and total Enterprise Value is set at €90 million.
EXEC: On Holding’s Shares Pop on Q3 Beat, Continued U.S. Sales Momentum
Profits at On Holding AG catapulted 182.9 percent on an adjusted basis in the third quarter as sales grew 24.9 percent year-over-year on a reported basis and 34.5 percent on a constant currency basis. On raised its outlook as both sales and profits far exceeded analyst targets. Currency-neutral sales in the Americas grew 21.0 percent, only slightly below the 23.6 percent pace seen in the second quarter.
EXEC: Resale Momentum Builds as Consumers Seek Value
Several recent reports from Boston Consulting Group, ThredUp and The RealReal show that the shift toward resale is accelerating as consumers prioritize affordability.
EXEC: Goldwin’s Q2 Boosted by The North Face Recovery
Goldwin, which owns the rights to The North Face in Japan and Korea, reported strong improvements in operating earnings for the second quarter and six months, boosted by a pickup in sales from The North Face. The North Face’s apparel sales grew 2.9 percent while gear sales advanced 8.1 percent.
EXEC: Ames Watson’s Lawrence Berger Discusses Lids’ Turnaround
Lawrence Berger, co-founder of Ames Watson, explains how the private-equity firm has helped reinvent and revive the Lids fan chain with a focus on exclusivity, customization, and cultural relevance.
EXEC: Yonex Hikes Guidance On Q2 Momentum
Yonex, the Japanese racquet sports and golf company, raised its outlook for the year after reporting results for the second quarter ended September 30, which had exceeded plan, benefiting from a weakening yen.
EXEC: Analysts Becoming Slightly More Bullish on Topgolf’s Recovery
Shares of Topgolf Callaway Brands Corp. (jumped $1.33, or 14.3 percent, to $10.40 on November 7 after the company reported third-quarter results that topped guidance as Topgolf’s same-venue-sales turned positive for the first time in two years and the Golf Equipment segment also topped plan. Several analysts continue to be impressed by Topgolf’s recovery, but some are looking for additional signs of stabilization and the conclusion of a sale.
EXEC: Giant Group’s Q3 Sales Slump 24 Percent
The Taiwanese-based parent of the Giant, Liv, Momentum, and CADEX bike brands reported sales in the third quarter were NT$15.36 billion ($500 mm), a 24.9 percent decline year-over-year.
EXEC: Gorewear to Close After 40 Years
WL Gore & Associates is reporting that it will shut down the German cycling and running apparel brand Gorewear in 2026 after 40 years. The Gore-Tex waterproof fabrics business is unaffected.
EXEC: Havaianas Parent Sees Q3 Profits Soar As Sales Expand 7.5 Percent
Brazil-based Alpargatas reported that sales grew 7.5 percent in the third quarter to Brazil Real $1.1 billion ($210 mm), with sales up 6.9 percent in Brazil, 8 percent in Europe and 12 percent in the U.S. Earnings grew significantly, benefiting from lower manufacturing costs and reduced expenses.
EXEC: Mizuno’s Fiscal Q2 Sales Climb 7 Percent, Americas Sees Slight Decline Despite Golf Momentum
Japan-based sporting goods company Mizuno Corp. reported sales advanced 7.1 percent in the fiscal second quarter ended September 30 as gains in Japan, Europe and Asia offset a slight decline in the Americas region. The Americas region continued to show an uptick in profitability in the quarter, with sales expanding to reach record levels in the half, as robust golf sales offset softness in running and baseball.
EXEC: Black Diamond’s President Talks NA Wholesale Momentum, Full-Price Focus, Q4 Caution
Black Diamond delivered “solid results” in the third quarter, marked by 16 percent growth in its North American wholesale business, led by apparel, and an uptick in margins. Company President Neil Fiske sees a “more cautious” outlook for the fourth quarter with promotions ticking up and conservative buying in the outdoor channel.
EXEC: Yeti’s Q3 Stymied by Weak U.S. Wholesale Sell-Ins Despite Robust Sell-Throughs
Yeti Holdings, Inc. reported that its earnings, on an adjusted basis, decreased 18 percent in the third quarter, as gross margins were impacted by higher tariff costs. Sales increased 2 percent, with growth restrained by inventory constraints tied to its efforts to move production outside of China and conservative wholesale orders.
EXEC: Peloton’s Fiscal Q1 Beats Plan, Bullish On New Equipment Launches, Retail Push
Peloton reported its second consecutive profitable quarter, topping analyst expectations, while releasing strong guidance for the holiday shopping season. Said Peloton CEO Peter Stern. “Our continued momentum on bottom line performance sets the stage for improvements on the top line as we progress through the fiscal year.”
