Topgolf Callaway Sees Q1 Profits Halved On Lower Golf Equipment Sales, FX Rate Impact
Topgolf Callaway Brands Corp. reported better-than-expected financial results for the first quarter, finishing the quarter ahead of plan. First quarter net revenues grew 12.2 percent, or 15.1 percent on a constant-currency basis, to $1.17 billion. Overall net income decreased 53.2 percent, or $37.7 million on a non-GAAP basis, to $33.2 million in the quarter
Nike Adds Board Member
Nike Inc. appointed Maria Henry, formerly at Kimberly-Clark Corporation, to its Board of Directors.
Allbirds Posts Q1 Loss On 13 Percent Revenue Decline
Allbirds, Inc. reported a loss in the first quarter ended March 31 as sales were down 13.4 percent, although results topped company guidance.
NSAA: Ski Area Visits Grow 6.6 Percent In 2022/23 Season; Rockies Led With Nearly 28M Visits
Preliminary numbers from the National Ski Areas Association (NSAA) indicate record visitation at U.S. ski areas for the 2022-23 season, with a total of 64.7 million skier visits, a 6.6 percent increase over the previous season.
GoPro’s Q1 Sales Decline 19 Percent
GoPro reported a loss in the first quarter as sales were down 19 percent year-over-year but revenue topped guidance with subscribers expanding 36 percent year-over-year.
Life Time Completes Term Loan B Refinancing
Life Time Group Holdings, Inc. has refinanced its $274 million Term Loan B facility. In addition to extending the maturity to January 15, 2026, the company increased the facility to $310 million due to strong demand.
Eastern Mountain Sports Returns To Vermont With New Flagship Store
Eastern Mountain Sports has returned to Vermont with the opening of its 13,518-square-foot two-level flagship store in Burlington on April 21.
Blain’s Farm & Fleet Opens New Store In Rhinelander, WI
Blain’s Farm & Fleet announced it is opening its 45th store in Rhinelander, WI on May 11.
JD Sports To Acquire France’s Groupe Courir; Moves to Simplify JD Brand Subsidiaries
JD Sports Fashion Plc intends to take its first acquisitive steps in fulfilling the growth ambitions, as set out at the Capital Markets Event in February this year. Additionally, the Group is reviewing options to simplify the shareholdings in a number of its subsidiary businesses across Europe
Under Armour Swings To Fiscal Q4 Profit On Footwear Growth; Inventory Up 44 Percent
Under Armour reported that revenue for the fiscal fourth quarter was up 7.5 percent to $1.40 billion (+10 percent currency-neutral) in the period ended March 31. Net income was $170.5 million for the quarter, compared to a loss of $59.6 million in the prior-year quarter.
Golf Rounds Played Slide In March
Rounds of golf played in March 2023 were down about 2.3 percent in March on a national level year-over-year and are now down 0.2 percent for the year, according to Golf Datatech.
Rab, Lowe Alpine Names U.S. Marketing Manager
Rab and Lowe Alpine promoted outdoor industry veteran Annalee Loomer to U.S. Marketing Manager, a new role for the company’s domestic marketing department.
NICS Firearms Background Checks Increase Slightly In April
The April 2023 NSSF-adjusted National Instant Criminal Background Check System (NICS) figure of 1.37 million represented an increase of 0.7 percent compared to the April 2022 NSSF-adjusted NICS figure of 1.36 million a year ago.
NRF Expects 2023 Imports To Remain Below 2022 Most Of Year
Import cargo volume at the nation’s major container ports is climbing back from a nearly three-year low in February but is expected to remain well below last year’s levels heading into this fall, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Steven Madden’s Q1 Revenues Decline 17 Percent
Profits at Steven Madden, Ltd. fell 48.8 percent in the first quarter ended March 31 on an adjusted basis as sales declined 17.1 percent on lower wholesale shipments and challenging year-ago comparisons. The trendy footwear maker reiterated its guidance for the year.
