Hydrow Acquires Majority Stake in Speede Fitness
<p>The acquisition supports Hydrow’s mission to “expand as a whole-body health company by incorporating a critical modality to diversify its product lineup.”</p>
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CNBC/NRF Retail Monitor Shows Growth in April Retail Sales
<p>The Retail Monitor uses actual, anonymized credit and debit card purchase data compiled by Affinity Solutions and does not need to be revised monthly or annually.</p>
EXEC: Topgolf Callaway CEO Eyes Sales Pickup for Golf Businesses in Back Half
<p>Topgolf Callaway Brands reduced its sales outlook for the year due to weakness at Jack Wolfskin and currency headwinds seen in the first quarter, but officials on an analyst call said that overall profitability came in significantly better than expected and its Topgolf and Golf Equipment segments are both positioned to accelerate growth in the second half.</p>
Unifi Shrinks Q3 Loss on Sales Recovery
<p>Unifi, Inc. lowered its losses year-over-year in the fiscal third quarter ended March 31 as sales for the maker of recycled and synthetic yarns improved 9 percent.</p>
The Buckle Posts 9.0 Percent Comp Sales Decline for Fiscal First Quarter
<p>Net sales for the 13-week fiscal quarter ended May 4, 2024 decreased 7.2 percent to $262.5 million compared to net sales of $282.8 million for the prior year 13-week fiscal quarter ended April 29, 2023.</p>
HanesBrands Sees Global Champion Brand Sales Fall 25 Percent in Q1
<p>Champion U.S. sales decreased 35 percent, with approximately 900 basis points of the decrease said to be from the shift of the kids’ business to a license-model and the remainder driven by the continued challenging activewear market dynamics.</p>
Planet Fitness Lowers Guidance As Sales Weaken
<p>Planet Fitness, Inc. reduced its guidance for both sales and earnings for the year as the first quarter ended March 31 saw a “shift in consumer focus in the New Year to savings and concern over the increase in COVID infections and other illnesses.” The fitness chain also cited the underperformance of an advertising campaign.</p>
Yeti Inc. Lifts Fiscal Year EPS Guidance After Q1 Sales and Earnings Beat
<p>Yeti, Inc. raised its earnings guidance for the year after reporting first-quarter earnings easily topped analysts’ expectations. Earnings on an adjusted basis surged 89 percent while sales grew 13 percent, boosted by a re-acceleration in domestic growth with balanced growth across drinkware and cooler segments. </p>
Report: U.S. Economy Bolstered by $22.4 Billion Health and Fitness Industry
<p>New economic impact data outlines the size and impact of the industry for the first time as it relates to jobs, wages and taxes.</p>
EXEC: Sportchek, Mark’s and Helly Hansen all Post Q1 Declines for Parent CTC
<p>Helly Hansen sales, which covers the international wholesale and retail businesses that operate under the Helly Hansen and Musto names and trademarks, were down 7.8 percent year-over-year in Q1 to C$192.2 million.</p>
Beachbody’s Q1 Sales Decline 17 Percent
<p>The company Inc. reported a loss on a 17.2 percent decline in sales in the first quarter but said results were above its internal plan and it’s gaining traction on its turnaround plan.</p>
Allbirds Inc. Sees First Quarter Revenues Drop 28 Percent
<p>Allbirds, Inc. posted a loss in the first quarter as sales skidded 27.6 percent; however, the manufacturer of eco-footwear reported revenues were in line and adjusted earnings above guidance and cited progress with its restructuring efforts. Allbirds reiterated its outlook for 2024.</p>
Vista Outdoor’s Quarterly Sales Slide as Ammunition Declines Offsets Outdoor Gains
<p>Vista Outdoor reported adjusted EBITDA decreased 7.5 percent in the fiscal fourth quarter ended March 31 as sales declined 6.4 percent. The Revelyst outdoor segment returned to organic growth for the first time in nine quarters but the Kinetic ammunition business saw a double-digit drop.</p>
EXEC: Puma CEO Sees U.S. Returning to Growth in Second Half
<p>Puma’s sales in the Americas region returned to growth in the first quarter due to gains in Latin America and overall strength in performance and retro footwear styles. North America delivered sequential improvement and remains on track to resume growth in the second half, Puma officials said on a media call.</p>
EXEC: Wolverine Worldwide CEO Outlines Transformation Progress To-Date
<p>The company is beginning to see sequential improvement in its selling trends and that is said providing a level of confidence that the developed strategies and tactics are beginning to gain traction.</p>
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