Topgolf Callaway Gets Double-Digit Q2 Lift from Topgolf; Callaway Flat
The revenue increase was said to be driven by strong 16.6 percent growth at Topgolf, including approximately 1 percent same-venue sales growth.The result came despite an $8.0 million negative impact from FX rate variances.
Allbirds Posts Q2 Loss on 10 Percent Sales Drop
Allbirds, Inc. reported a loss on a 10 percent sales decline in the second quarter but said it had made progress in its turnaround program focused on reducing inventory levels, lowering operating cash use and controlling expenses.
Johnson Outdoors Hires Industry Vet to Run Fishing Business
The company hired Bill Kirchner as group vice president, Fishing segment, reporting to CEO Helen Johnson-Leipold and was appointed as a member of the company’s executive committee.
Crocs Refinances Term Loan
Crocs, Inc. announced a repricing of the $1.18 billion outstanding under its Term Loan B facility through a refinancing amendment which reduces the interest rate margins applicable to the facility.
JD Sports Acquires Balance of Shares in Poland-Based Sports Retailer
JD exercised its rights under a call option to acquire the outstanding 40 percent minority stake of Marketing Investment Group S.A. (MIG) to become MIG’s 100 percent sole owner.
Report: Small Businesses Report Significant Hiring Decline in July
The CBIZ Small Business Employment Index (SBEI) reported a seasonally adjusted decrease of 2.1 percent in July. This month’s reading is a dramatic reversal from the strong hiring reported in June.
Hanesbrands Faces Activist Investor Calling for Leadership Changes
Barington Capital, an activist shareholder group, issued a letter calling for changes in the Board of Directors of Hanesbrands, possibly the CEO and other operational changes to reduce debt. In response, Hanesbrands highlighted progress under its Full Potential strategy and said it remains committed to driving shareholder value.
Report: Younger Pandemic Boat Buyers Upgrading Vessels
The demand for boats reportedly remained strong during the first half of 2023 as inventory levels continued to recover from the buying surge during the pandemic, according to the latest market report from Boats Group.
Liberty Ammunition Taps Distributor for Several NATO Countries
Dillon Europe is said to be one of the top defense companies with close ties to European law enforcement and military units.
Christensen Arms Makes Three Key Leadership Hires
The company’s latest move involves the hiring of a general manager, an executive vice president of sales and an executive vice president of marketing.
Under Armour Limits Fiscal Q1 Downside with Strong International Growth
Total net revenue was down 2.4 percent (-1.3 percent currency-neutral) year-over-year to $1.32 billion in the fiscal first quarter ended June 30. Wholesale revenues declined 6.3 percent while DTC increased 4.5 percent.
Lazydays RV Completes Acquisition of Century RV
The location was renamed “Lazydays RV of Denver at Longmont.” The company forecasted that it would generate approximately $50 million in annualized revenue.
NRF Sees Cargo Volume Hitting Yearly Peak in August
Import cargo volume at the nation’s major container ports is forecasted to hit its highest level in nearly a year in August as retailers stock up for the winter holidays, according to Global Port Tracker’s report released by the National Retail Federation.
KOA Reports Small Revenue Gain in First Half
Kampgrounds of America, Inc. reported continued growth, sharing that revenue had improved by 2 percent year-over-year. Following years of record-breaking same-store revenue, KOA forecasted more positive change, with advanced deposits up 9.5 percent over 2022.
Garmin to Acquire JL Audio
Garmin, Ltd. reported it has entered into a definitive agreement to acquire JL Audio, a privately-held U.S. company that designs and manufactures audio solutions for marine, aftermarket automotive, powersports, home, and RV customers.
