Titleist Parent’s Q2 Sales Expand 5 Percent
Acushnet Holdings Corp., the parent of the Titleist and FootJoy golf brands, reported second-quarter results that showed increases of 5.4 percent in sales, 5.9 percent in net income and 9.2 percent in adjusted EBITDA, but earnings and sales trailed Wall Street expectations. The sales gains were driven by higher net sales in Titleist golf equipment, primarily due to higher average selling prices in golf clubs and higher sales volumes in golf balls.
Gildan Partners With S&S Activewear on Distribution Deals for Imprintables Channel
Gildan has granted S&S Activewear exclusive wholesale distribution rights to its American Apparel brand for the U.S. imprintables market. It also reached an agreement for S&S to become the exclusive wholesale distributor of its brand portfolio, which includes Gildan, Comfort Colors, American Apparel, and Champion, in the Canadian imprintables market.
Callaway Raises Full Year Outlook as Topgolf Q2 Not as Bad as Expected
Golf Equipment revenue decreased 0.5 percent and Active Lifestyle revenue decreased 15.1 percent, due primarily to the sales of the Jack Wolfskin business. Topgolf revenues declined 2.1 percent for Q2 but same-venue sales were down 6 percent.
Traeger to Undergo Layoffs, Facility Closure as Q2 Sales Fall Double Digits
Traeger, Inc. said it would launch an extensive cost-cutting program involving layoffs and the closure of its Meater office in Leicester, UK, as Q2 results missed plan due to the impact of tariffs. Sales fell 13.6 percent, well short of analyst estimates.
NSGA Appoints John Davenport of Play It Again Sports Parent to Association Board
John Davenport is the manager of buying operations for Winmark and is a 36-year veteran of the resale and sporting goods industries. He joined Winmark in 1989 and has held various buying and operational roles that have contributed to the growth and evolution of Winmark’s resale brands, including Play It Again Sports.
Report: Dick’s SG-Foot Locker Deal May Be Under Additional Anti-Trust Scrutiny
Senator Elizabeth Warren (D-MA) is asking the Federal Trade Commission and the Department of Justice to “closely scrutinize” Dick’s Sporting Goods’ proposed acquisition of Foot Locker, Inc. and “block the deal” if the merger is found to violate antitrust laws.
Selle Royal Group Rolls NA Distributor Unit into Company to Form Selle Royal USA
The merger is said to underscore the Group’s continued investment in its U.S. subsidiary, ensuring that Selle Royal USA is positioned to meet the evolving needs of retailers, partners and cyclists.
Adanola Secures Investment from Story3 Capital Partners
Adanola, the UK-based direct-to-consumer women’s activewear brand, complemented by a curated wholesale network, received a “significant” minority investment from Story3 Capital Partners, the Los Angeles, CA-based private equity firm.
Rip Curl CEO Joins World Surf League as CMO and President of North America
Farris, who will officially join the organization in September 2025, comes at a time when the WSL “continues to expand its global reach and invest in the fan experience across media, events and culture,” the organization continued.
Life Time’s Debt Ratings Upgraded by Moody’s
Life Time, Inc.’s debt ratings were upgraded due to the fitness chain’s continued improvement in free cash flow generation, operating performance and steady deleveraging. Moody’s said, “Club expansion, including the addition of more than 20 new centers over the past two years and strong low double-digit same-store-center revenue growth, has been driving earnings growth, leading to a steady reduction in leverage.”
Sportsman’s Warehouse Appoints CFO and Secretary
Jennifer Fall Jung succeeds Jeff which as its chief financial officer and secretary, effective August 18. White will continue as chief financial officer and secretary until August 18, 2025. After this date, he will transition to a consulting role to assist with the leadership change until September 9, 2025.
Vallon Eyewear to Focus on Outdoor Specialty with Ben Peters Running Sales
Peters has 15 years of experience building and leading sales teams, developing sustainable frame and lens products, and expanding brand exposure in leadership roles with Maui Jim Sunglasses and Zeal Optics.
Solo Stove Drags Down Solo Brands Revenues in Q2; Chubbies Segment Shines
The Chubbies segment delivered another solid quarter, with sales up 13.1 percent and segment EBITDA up 48.3 percent in Q2. In contrast, the Solo Stove segment saw sales decline 45.8 percent, primarily driven by decreases in DTC sales.
Marine Max Appoints Independent Director to Board
Odilon Almeida has been named to the MarineMax Board’s Audit Committee. In conjunction with this appointment, Evelyn V. Follit and G. Clinton Moore will be retiring from the Board, not the result of any disagreement with the company.
Saucony Posts Sharp Jump in Q2 Sales for Wolverine WorldWide; Merrell Up 9.0 Percent
Strong double-digit growth at Saucony, accompanied by 9 percent constant-currency growth at Merrell, and coupled with another quarter of record gross margin, helped more than double the company’s Adjusted EPS year-over-year.
