SGB Executive Sports & Fitness
EXEC: Nike’s Brand Owner in Brazil Aligns with Beaverton’s Renewed Focus on Wholesale
Nike’s physical stores, including both full price and NVS (Nike Value Stores) in Brazil expanded 8.2 percent year-over-year (y/y), with same-store sales up 10.7 percent y/y in the second quarter. Nike’s digital channel recorded a 5.1 percent y/y increase. Wholesale revenue was up 4.4 percent y/y.
EXEC: Fanatics Loses Appeal to Sell Branded NFL, NBA, MLB, and NHL Apparel in Australia
No Fanatics-branded jerseys or related apparel can now be offered for sale or sold in Australia. Items shown on the Fanatics, LLC website will also not be available for sale in Australia under this judgment.
EXEC: Yue Yuen Sees H1 Growth in Athletic & Outdoor FW Slow as Casual & Sandals Jump
Yue Yuen said it remains committed to its mid- to long-term capacity allocation strategy. This includes diversifying its manufacturing capacity into regions such as Indonesia and India where labor supply and infrastructure are supportive of sustainable growth
EXEC: Yonex Sees 28 Percent Fiscal Q1 Revenue Jump
The Japanese racquet sports and golf company reported earnings climbed 51.5 percent in the fiscal first quarter ended June 30 on a 28.3 percent revenue gain.
EXEC: Saucony Gets Very Strong DD Growth from Each Core 4 Franchise in Q2
The Ride, Guide, Triumph, and Hurricane franchises each grew at a very strong double-digit pace at U.S. retail in the quarter, while the brand continued to grow through its Lifestyle offerings as well.
EXEC: Under Armour CEO Kevin Plank Outlines Path to North America Recovery
During Under Armour’s fiscal first-quarter call with analysts, company founder Kevin Plank stated that while the North America region will face challenges this year from higher costs due to tariffs and softening demand, “we see this as an inflection point, not a ceiling.”
EXEC: Under Armour Issues Weak Forecast, Tariff Warning
UA reported that sales slumped 4 percent in the fiscal first quarter ended June 30, and profitability was in line with plans. However, the company provided a weak second-quarter forecast, with sales declines worsening and margins impacted by tariffs. Sales are expected to decline 6 percent to 7 percent in the current quarter, pulled down by a low-double-digit percent decrease in North America.
EXEC: Yeti Ups FY GM and Profit Guide; C-Suite Talk Drag from U.S. Drinkware Challenges
Yeti now expects Adjusted earnings per diluted share of between $2.34 and $2.48 [for the year] as compared to $1.96 to $2.02 in the company’s prior outlook. Full year sales to be flat to up 2 percent, compared to fiscal 2024 Adjusted net sales, due to weakness in the U.S. Drinkware business.
EXEC: Mizuno Fiscal Q1 Profits Slide Despite Continued Sales Momentum
Japan-based sporting goods company Mizuno Corporation reported that profits declined 5.0 percent in its fiscal first quarter, ended June 30, as higher operating costs offset increased gross margins and a 4.6 percent revenue gain. In the Americas region, company sales advanced 5.1 percent, led by golf, to reach a record quarterly high, but profits were down slightly.
EXEC: Canada’s SportChek Sees Q2 Comps Climb 4 Percent
Canadian Tire reported its SportChek segment delivered its fourth consecutive quarter of comparable sales growth, up 3.9 percent, driven by sales of sandals and athletic footwear as well as hardgoods categories, such as golf. Hockey, and other team sports, as well as athletic clothing also contributed to the gains.
EXEC: New Helly Hansen Parent Lifts Outlook on Strong Q2
Kontoor Brands, Inc., which completed its acquisition of Helly Hansen in June, has raised its outlook for the year due to better-than-expected results in the second quarter and tariff mitigation efforts. The second quarter was boosted by better-than-expected revenue growth from its Wrangler denim businesses as well as a stronger-than-expected contribution from Helly Hansen.
EXEC: Titleist Parent’s CEO Remains Bullish On Golf Despite Macro Pressures
Acushnet Holdings, Corp., the parent of the Titleist and FootJoy golf brands, reported second-quarter results that showed increases of 5.4 percent in sales, 5.9 percent in net income, and 9.2 percent in adjusted EBITDA, but earnings and sales trailed Wall Street expectations. The sales gains were driven by higher net sales in Titleist golf equipment, primarily due to increased average selling prices for golf clubs and higher sales volumes for golf balls.
EXEC: TNF’s Japan Distributor Sees Operating Profits Expand Double-Digits In Q1
Goldwin’s portfolio of brands, both owned or licensed, includes Goldwin, The North Face, Helly Hansen, Woolrich, Icebreaker, Macpac, Fischer, Sunski, Neutralworks, Play Earth Kids, Canterbury, Speedo, And Per Se, Allbirds, and Profecio.
EXEC: July Manufacturing Index Indicates Contraction in U.S. for Fifth Straight Month
Economic activity in the manufacturing sector contracted in July for the fifth consecutive month, following a two-month expansion preceded by 26 straight months of contraction, based on ISM’s survey of the country’s supply executives.
EXEC: Mainland Headwear Saw Q2 Profit Jump on Shift to Bangladesh Manufacturing
The headwear manufacturer for New Era and other large brands stated that the increase in net profit is primarily due to a rise in sales and profit, as more orders shifted from countries subject to higher U.S. tariffs to Bangladesh.
