<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>
<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>
<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>
<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>
<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>
<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>
<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>
<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>
<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>
<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>
<p>Topgolf Callaway Brands Corp. reported sales were in line and earnings topped expectations in the first quarter as strength at Topgolf and in the Golf Equipment segment offset double-digit declines in its Active Lifestyle. Full-year guidance was maintained for adjusted earnings but lowered for sales due to currency headwinds and weakness at Jack Wolfskin.</p>
<p>Dick’s will also be the presenting partner of each franchise’s youth initiatives, including the Boston Red Sox’s Kid Nation and the Boston Celtics’ Junior Celtics Academy All Girls Showcases.</p>
<p>Delta Apparel reported a net loss of $36.3 million in the fiscal second quarter ended March 30 due to significant production curtailments in the Delta Group segment. Sales were down 28.5 percent.</p>
<p>The company will make a multi-million dollar investment in refreshing its clubs with new equipment, remodeling facilities and collaborating with local artist, Chris DeLorenzo, to create murals for its clubs across the Bay Area.</p>
<p>The Bogs brand reportedly experienced the largest decrease in the Wholesale segment, with sales down 48 percent for the quarter, as retailers reduced orders due to surplus products in the outdoor footwear market.</p>
