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Amer Sports’ Debt Ratings Upgraded

Moody’s Investors Service upgraded Amer Sports Holding 1 Oy’s debt ratings due to the company’s healthy sales and earnings improvement in 2022 and overall improving performance over the pandemic. Sales grew 22 percent currency-neutral in 2022, led by China.

NSGA Hall of Famer, Augie Nieto, Passes Away

Augie Nieto was one of the most successful innovators in the fitness industry who turned his efforts toward finding a cure for ALS after he was diagnosed with the disease 18 years ago. Nieto, a 2008 Sporting Goods Industry Hall of Fame inductee, passed away on February 22.

EXEC: Asics North America Growth Lagged Global Gains In 2022

Asics Corp reported sales in its North American region grew 22 percent in 2022 with a big foreign-exchange boost. Currency-neutral sales rose 3.1 percent on top of a 27.2 percent jump in 2021. The region was profitable for the second straight year although profits were down due to e-commerce expenses.

PGA Of America Names Chief Operating Officer

The PGA of America has named Craig Kessler as chief operating officer. Kessler, who served as COO and Head of Emerging Concepts at Topgolf from 2016 to 2021, will report to PGA of America CEO Seth Waugh, effective March 6.

Canada Goose Cuts Outlook On Weaker China, North America

Canada Goose Holdings Inc. reported earnings and sales came in below guidance in the fiscal third quarter ended January 1 and lowered its outlook for the year due to worse-than-expected COVID-19 related disruptions in Mainland China and slowing momentum in North America.