Under Armour Sees 3 Percent Growth In March Quarter
Under Armour reported sales grew 3 percent in its transition quarter ended March 31 and forecasted sales for the current fiscal year would expand in the range of 5 percent to 7 percent. Sales and the adjusted loss in the period were slightly below Wall Street’s expectations.
Adidas And Foot Locker Announce New Long-Term Strategic Partnership
Adidas AG and Foot Locker, Inc. announced a new partnership built around product, elevated and deeper consumer connectivity. This makes Foot Locker Adidas its lead partner in the basketball category.
Compass Diversified Sees 25 Percent Revenue Growth In Q1
Compass Diversified Holdings (CODI) reported earnings from continuing operations rose 41 percent as sales gained 25 percent. The parent of a number of businesses in the active lifestyle space raised its earnings guidance for the year.
Fox Factory Sees 34 Percent Growth In Q1
Fox Factory Holding Corp. reported earnings on an adjusted basis grew 44.5 percent in the first quarter ended April 1 on a 34.4 percent revenue gain.
Fanatics Appoints Two Board Members
Fanatics announced the appointment of Fintech, e-commerce and marketing executives Lydia Jett and Jonathan Mildenhall to its board of directors.
HanesBrands Sales Expand 7 Percent In First Quarter
HanesBrands, Inc. reported net sales in the first quarter increased 7 percent on a constant-currency basis with 6 percent growth for Champion on a global basis. U.S. Innerwear sales increased 1.5 percent over the prior year. Earnings and sales exceeded guidance and the company reaffirmed its guidance for the year.
HanesBrands Names President Of Global Activewear
HanesBrands announced that Vanessa LeFebvre was appointed president of global activewear. In this role, LeFebvre will drive global Champion brand growth focused on innovation, key markets and new channels.
Acushnet’s Q1 Revenues Gain 4 Percent
Acushnet Holdings Corp., the parent of Titleist and Footjoy, reported sales in the first quarter ended March 31 of $606.1 million, up 4.3 percent year over year and ahead 7.6 percent in constant currency. First-quarter net income reached $81.0 million, down 4.7 percent year over year.
Vista Outdoor’s Q4 Profits Double On 36 Percent Revenue Gain
Vista Outdoor reported earnings on an adjusted basis doubled in the fiscal fourth quarter ended March 31 as sales grew 36 percent. Sales grew 56 percent in the Sporting Products segment due to strong demand, increased volume from the Remington acquisition and favorable pricing and mix. Outdoor Products segment sales grew 15 percent, by double-digit growth across Outdoor Recreation.
Vista To Split Into Separate Outdoor And Sporting Companies
Vista Outdoor, Inc. announced that its Board of Directors has unanimously approved a plan to separate its Outdoor Products and Sporting Products segments into two independent, publicly-traded companies. Following separation, Chris Metz will be appointed CEO of Outdoor Products while Jason Vanderbrink will be appointed CEO of Sporting Products.
Topgolf Plans Venue For Little Rock
Topgolf Entertainment Group has laid out a plan to develop a Topgolf venue in Little Rock, AR. This would be its second site in the state. It also has a location in Rogers, AK.
Authentic Brands Group Partners With Macy’s For Reebok Apparel
Authentic Brands Group announced a partnership with Macy’s for Reebok sportswear and activewear for men’s, women’s and kids apparel.
Outerstuff’s Debt Ratings Outlook Lowered
Moody’s Investors Service changed Outerstuff LLC’s outlook to negative from positive. Concurrently, Moody’s affirmed the company’s Caa2 corporate family rating (CFR), Caa2-PD probability of default rating (PDR) and Caa3 senior secured term loan rating.
TeamSnap Announces Two Appoints
TeamSnap announced that Mark Salloom has joined the company as chief financial officer. The company also announced the promotion of Sheila Repeta to vice president of people.
Delta Apparel’s Sales Expand 21 Percent In Fiscal Second Quarter
Delta Apparel, Inc. reported profits grew over 130 percent in the fiscal 2022 second quarter ended April 2. Sales grew 21 percent.
