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Asics Corporation reported that net sales jumped 44.6 percent year-over-year to ¥152.2 billion in the first quarter ended March 31, and increased 35.0 percent year-over-year excluding foreign exchange effects. Profit attributable to owners of parent company increased 86.9 percent to ¥16,310 million.

In her first address to the investment community, Stephanie Linnartz, Under Armour’s new CEO, declared, “Growth is without a question our highest priority.” She cited footwear, women, sport style and full-price stores as untapped opportunities but particularly stressed an urgency for Under Armour to establish a more-premium positioning and amplify brand heat.

Escalade, Inc. reported that sales in the 2023 first quarter declined 21.3 percent on a year-over-year basis to $56.9 million. The net loss for the quarter was $1.0 million, or 7 cents loss per diluted share, compared to net income of $6.7 million, or 49 cents earnings diluted per share in Q1 2022.

Solo Brands, Inc.’s sales expanded 7.3 percent in the first quarter, topping expectations, as fill-ins address early sell-through. The replenishment orders helped the company boost Q1 wholesale revenues to offset declines in its e-commerce business.

Johnson Outdoor’s sales increased by 7 percent in the fiscal second quarter ended March 31. On an analyst call, Helen Johnson-Leipold, chairman and CEO, said improved product availability in Fishing and continued momentum in Diving offset a “post-pandemic slowdown” affecting its Camping and Watercraft sales.

Last December, Topo Athletic, largely known for its running footwear, was acquired by Designer Brands, Inc., the parent of the DSW family footwear chain. Here, Tony Post, who founded the brand in 2012 and remains CEO, discusses the reasons behind the sale, how the merger impacts Topo’s core specialty business and what categories have been driving growth.

The Fax Factory Specialty Sports Group delivered quarterly revenue of $118.9 million, a decrease that was said to be primarily due to the stronger-than-anticipated seasonality impact in Q1 of 2023. The company instituted cost reductions, which primarily resulted in a reduction of workforce within the Specialty Sports Group.

Adidas CEO Bjørn Gulden said the first quarter ended a little better than expected as the company eked out flattish sales growth globally and a small operating profit despite the termination of the Yeezy business. Gulden said sales were up 9 percent for the quarter ended March 31 when excluding the Yeezy business.

Shares of Vista Outdoor jumped 16.4 percent on Thursday after Gary McArthur, interim CEO, on the company’s fourth-quarter conference call provided an upbeat outlook for the business, including predicting a return to growth for the Outdoor Products segment in the back of the current fiscal year and a more normalized purchasing cycle going forward for the Sporting Products segment.

Acushnet Holdings Corp. reported first-quarter earnings that handily topped Wall Street’s guidance, led by robust double-digit gains for Titleist golf balls and clubs tied to successful launches. David Maher, Acushnet’s president and CEO, told analysts, “The Acushnet team is excelling on the product development, manufacturing and supply chain management fronts.”

 Compass Diversified (CODI) saw sales decline 33 percent at BOA, 34 percent at Velocity Outdoor and 5 percent at Primaloft with all impacted to varying degrees by elevated inventories in the marketplace. Marucci Sports and 5.11 both delivered healthy double-digit sales growth. 

On its first-quarter analyst call, Steve Bratspies, CEO of Hanesbrands Inc., attributed the Champion’s 22 percent tumble in the U.S. in the period on promotional pressures in an over-inventoried marketplace. He said, “When you get an inventory backup of the scale that we have, people try to move it and try to move it aggressively.”

Kampgrounds of America, Inc’s (KOA) 2023 North American Camping and Outdoor Hospitality Report found camping, and glamping to a lesser degree, accounted for 32 percent of all leisure trips in 2022, down from a record high of 40 percent in 2021. However, participation among active campers held steady.

Big 5 Sporting Goods Corp. reported same-store sales declined 7.1 percent in the first quarter ended April 1 with cold and rainy weather stalling the start of baseball, softball and other spring sports seasons. On an analyst call, Steve Miller, president and CEO, said comps are down 11 percent for the second quarter to date and expected to decline in the high single-digit range due to macro pressures.