SGB Executive Sports & Fitness

EXEC: U.S. and China Agree to 90-Day Tariff Pause

In announcing a pause on the tariff war, the U.S. tariffs were cut to 30 percent from 145 percent, and the China tariffs on U.S. goods were cut to 10 percent from 125 percent as the two countries work to develop a long-term deal.

EXEC: Peloton CEO Highlights Four “Objectives” to Drive Growth

The operator of a connected fitness platform in North America and internationally raised its full-year guidance for the third quarter. Recently hired CEO, Peter Stern, highlighted four objectives on an analyst call for engaging current and new members to fuel growth.

EXEC: SportChek’s Q1 Same-Store Sales Expand 6.3 Percent at CTC

Canadian Tire Corp. reported SportChek delivered a third consecutive quarter of comparable sales growth, up 6.3 percent, driven by strong sales across corporate and franchise stores. Skiing, snowboards, hockey, and outerwear were the top-performing categories in the quarter.

EXEC: Titleist Parent Says Tariff Pricing Actions Would Be “Last Lever” Taken

The parent of the Titliest and FootJoy golf brands, delivered a healthy Q1 with both earnings and sales exceeding analyst estimates. Still, management declined to raise the company’s outlook due to uncertainties in the marketplace tied to tariffs and expects some pricing actions to offset the related costs.

EXEC: Analysts Offer Take on Skechers USA Going Private in $9.4 Billion Deal

Amid significant uncertainty in the marketplace caused by the President’s trade war, Skechers USA agreed to be acquired by private equity firm 3G Capital for $9.4 billion in a move that will end its 26-year run in the public markets. The sale announcement follows a decision by Skechers not to offer full-year guidance in April due to trade uncertainties with shoe companies highly exposed to President Trump’s tariffs.
 

EXEC: Adidas CEO Clarifies U.S. Pricing Position; Will Wait for Competitors’ Moves

On Adidas’ first-quarter analyst call, Bjørn Gulden CEO, said Adidas hasn’t yet raised prices on U.S. products due to the U.S. tariffs but expects to should the tariffs remain and only after other brands raise prices. He said, “I have seen that certain press is writing that Adidas is raising prices. That is, of course, not true.”