SGB Update

Beachbody Shrinks Q2 Loss Despite Steep Revenue Decline

The Beachbody Company, Inc. narrowed its loss in the second quarter ended June 30 and saw its seventh consecutive quarter of positive adjusted EBITDA, although sales declined 42.0 percent due to its pivot last fall from a multi-level marketing (MLM) to a single-level affiliate program.

Revolve Group Posts Highest Adjusted EBITDA Margin in Three Years

The fashion e-tailer targeting Millennials and GenZ reported a 9.5 percent improvement in operating income for the second quarter, ending June 30, on a 9.4 percent revenue gain, which helped drive its highest adjusted EBITDA margin in three years. Revolve raised its guidance for margins for the year.

Pickleball Kingdom to Open Third Wisconsin Club

Pickleball Kingdom Sun Prairie has a target opening in December 2025 and will be led by franchisees Rama Chandra Siripurapu and Chandrakanth Singireddy of Pickle Pals, LLC.

Big Peach Running to Open Store in New Vinings, GA

Big Peach Running Co. will open a new store in Vinings, GA, near the Silver Comet Trail, on August 16; this will be the retailer’s ninth franchise location and 14th store in the state.

Life Time Group Posts DD Revenue Growth in Q2; Net Income Surges

The double-digit growth was said to be due to continued strong growth in membership dues and in-center revenue, driven by an increase in average dues, membership growth in new and ramping centers, and higher member utilization of in-center offerings, particularly in Dynamic Personal Training.

Lazydays Completes Sale of Tulsa Location to Ron Hoover RV

Lazydays Holdings Inc. completed the asset and real estate sale of its Tulsa, OK location to Ron Hoover RV & Marine. Lazydays now has 16 dealerships. Ron Hoover RV & Marine has multiple locations across Texas and Oklahoma.

Rab Opens New Store In Denver

Rab’s expansion follows its wholesale-led business approach. The new store serves as a brand showcase and community hub, boosting brand awareness and enhancing the customer experience.

Hardy and Greys Bolsters Rep Coverage

The two fly fishing brands owned by Pure Fishing added Jacob DePriest and Ross Kingsley as independent sales reps. DePriest will represent the brands across the TALO states and parts of the Midwest, while Kingsely will cover the Southern Rockies region.