SGB Update

GNC Replaces CEO After Poor Q2

GNC Holdings, Inc. replaced its CEO Mike Archbold with interim CEO Robert F. Moran, after disappointing second quarter results, with reported revenue decreasing 2.4 percent, or $673.2 million, as compared to the year prior.

Sequential Brands Q2 Revenues up 70 Percent

Sequential Brands Group Inc. reported total revenue grew 70 percent in the second quarter and they expect to earn a minimum of $100 million in royalties this year.

Amer Sports Grows Q2 Sales 6 Percent

Amer Sports grew net sales 6 percent in currency-neutral terms in the second quarter despite taking a big hit at Wilson due to U.S. retail bankruptcies.

Adidas Lifts Guidance Again on Strong Sales

Adidas AG increased its full-year forecast for a fourth time this year after receiving boosts from the Euro 2016 tournament and a payment to bring an early close to a sponsorship deal with England’s Chelsea soccer club.

GoPro’s Revenues Nosedive 47 Percent

GoPro swung to a quarterly loss of $91.7 million, or 66 cents per share, compared to a profit of $35 million, or 24 cents, in the same period a year earlier. However, adjusting for certain items, the company’s loss of 52 cents was better than the 58 cents Wall Street analysts were looking for.

Callaway Golf Earnings Jump

Callaway Golf Company reported a 6.5 percent increase in net sales in the second quarter and a 140 percent increase in earnings per share.

Cobi Launches Connected Biking System

Cobi, the first integrated system to make cycling a “smart” experience, is now available for purchase in 34 countries and five different languages.

EPA OKs Thermacell’s Zika Claims

Thermacell Repellents Inc. said the EPA has certified its products as effective repellents of the mosquito that transmits Zika virus and other diseases.