FCS Parent Acquires MFC Hawaii
The combined companies, MFC Hawaii and Australia-based FCS, will strive to drive advancements in fin technology. The acquisition will also allow FCS to expand into various watersports and utilize MFC’s manufacturing capabilities and distribution network.
Life Time Expands Texas Footprint with New Westlake Club
The opening of the 112,000-square-foot, two-story Life Time Westlake club extends Life Time’s footprint to 33 locations across Texas.
EXEC: Helly Hansen Posts Small Q2 Growth While SportChek Declined on Weather Woes
Canadian Tire Corp., parent of Helly Hansen and the SportChek, Sports Experts, Atmosphere, Pro Hockey Life, Sports Rousseau, Hockey Experts, and Mark’s retail banners, reported top-line pressures in Q2 were balanced by strong margin and cost control, improving retail profitability.
Under Armour Lifts FY Guidance On Surprise Q2 Profit
Under Armour, Inc. reported a loss of $305 million in the second quarter after absorbing charges related to the settlement of a shareholder lawsuit, but posted a surprise profit excluding the charges and slightly raised its adjusted earnings guidance for the year. Sales declined 10 percent, dragged down by a 14 percent slide in North America.
EXEC: Saucony and Merrell Gaining Traction, But Remain Down Sharply in Q2
Wolverine Worldwide became one of the few companies in the outdoor space to hike its full-year guidance in recent months after seeing second-quarter results come in better than expected due to the margin benefits from its transformation plan and traction gained by its Saucony and Merrell brands.
EXEC: Callaway CEO Unveils Strategic Review of Topgolf as Q2 Results Disappoint
The parent of the Callaway Golf, Topgolf, Travis Mathew, Odyssey, Ogio, Jack Wolfskin brands is doing a full strategic review of Topgolf, including an assessment of organic strategies to return Topgolf to profitable same-venue sales growth, as well as inorganic alternatives, including a potential spin-off of Topgolf.
TSG Consumer Partners Appoint Head of Strategic and Operational Services Group
Dori Konig brings over 20 years of finance, strategy, and operating experience to the role. Most recently, he was the managing director at global investment firm Platinum Equity, where he led the company’s East Coast Operations.
FIU Stadium Rebrands to Pitbull Stadium
The 10-year agreement will see FIU Stadium rebranded as Pitbull Stadium, making it the first athletics venue to have an artist possessing the naming rights.
OR and Surf Expo Parent Narrows Q2 Loss on Flattish Revenue Decline
The Emerald Holding revenue decrease was attributed to prior-year discontinued event revenue of $3.7 million and scheduling adjustments of $1.1 million, partially offset by organic growth of $2.6 million as well as $1.7 million in revenue from acquisitions.
Ōura Appoints Apple Design Veteran as Chief Design Officer
Miklu Silvanto will be leading the company’s software and industrial design teams and owns the end-to-end member experience and visual design of Oura’s hardware and software products. He will report to Chief Operating Officer Michael Chapp.
Wolverine Worldwide Raises FY Outlook on Early Payback from Turnaround Efforts
Wolverine Worldwide reported earnings fell 21 percent in the second quarter as sales on an ongoing basis sunk 18 percent due to steep declines at Merrell and Saucony, but the company still raised its sales and earnings guidance for the year as its turnaround program is driving better-than-expected results.
EXEC: Puma Shares Down DD in Midday Trading as Q2 EBIT and Outlook Disappoint
Company CEO Arne Freundt said Puma “fully delivered” its outlook for the quarter and is on track to deliver on its outlook for the full year, but European analysts disagreed, sending shares lower on the DAX exchange.
Report: U.S. Highschools Offering Girls More Opportunity to Play Flag Football
A recent NSGA report shows that high schools are offering girls more opportunities to play flag football. Eleven states have officially sanctioned games, and Illinois and Colorado will add the sport in 2024. Montana offers the sport as a pilot program.
Beachbody Trims Q2 Loss, Sales Slide 18 Percent
The Beachbody Company, Inc. reported sales fell 18.3 percent in the second quarter ended June 30, but revenues still surpassed the midpoint of guidance with the net loss and adjusted EBITDA topping guidance.
GoPro’s Q2 Sales Drop Double-Digits
GoPro, Inc. reported sales declined 23 percent in the second quarter ended June 30, to $186 million, although results exceeded guidance and subscribers saw growth.
