Leatt Corp. Sales Expand 5 Percent In Third Quarter
Protective gear brand Leatt Corp. reported earnings dipped 5 percent in the third quarter on September 30 although sales grew 5 percent.
Beachbody’s Q3 Exceeds Guidance
The Beachbody Company, Inc. saw sales decline 20 percent in the third quarter that ended September 30, but the subscription health and wellness company delivered third-quarter revenue and adjusted EBITDA results ahead of guidance.
Nautilus’ Sales Tumble In Second Quarter
Nautilus Inc. reported sales declined 53 percent in the second quarter and lowered its guidance for the year although it noted that it’s still seeing strong gains versus pre-pandemic levels.
Delta Apparel Adds VP Of Finance
Delta Apparel, Inc., parent company to Delta Apparel, Salt Life and others, tapped Jason Bates as VP of finance for its Delta Group business segment.
HanesBrands Lowers Guidance On Macro-Related Challenges
HanesBrands, Inc. reduced its sales and earnings outlook due to “increased macro-related challenges within the global operating environment.” Third-quarter earnings came in line with expectations despite global Champion sales decreasing 9 percent on a currency-neutral basis.
Wolverine Cuts Outlook On Supply Chain Disruption, Heightened Promotions
Wolverine World Wide, Inc. saw strong double-digit gains at Merrell in the third quarter but overall sales and profitability came in below plan due to supply chain and promotional pressures. The company reduced its guidance for the year.
Recall: Thule Camber 2 Bike, Thule Camber 4 Bike, Thule Range 4 Bike
Thule recalled its Camber 2 bike (model #905800), Camber 4 bike, (model #905600) and Range 4 bike, (model #905700), in partnership with the National Highway Traffic Safety Administration (NHTSA) and Health Canada in an affected manufacturing date code range.
Adidas Slashes FY Outlook After Kanye West Split
Adidas further slashed its 2022 outlook as it weighed the impact of its split from Ye, the rapper formerly known as Kanye West, while sluggish demand in China continued to impact sales.
Imports Slow As Holiday Season Ramps Up
Imports at U.S. container ports continue to slow from the records set earlier in 2022, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates.
Allbirds Sees 16 Percent Growth In Q3
Allbirds Inc. maintained its outlook for the year as sales and losses in the third quarter ended September 30 came in ahead of Wall Street’s targets.
Correct Craft Acquires Indmar Marine Engines
Correct Craft acquired Indmar Marine Engines, the manufacturer of inboard marine engines.
RunSignup Sees Race Registration Improving
RunSignup in an October industry update said aggregated registration data continue to show signs of gradual improvement for the endurance race industry after the long-tail effects from the pandemic.
PXG Opens Store In Indiana
PXG opened its first retail store in Indianapolis, IN.
Houdini Sportswear Opens Store In Kungsgatan, Sweden
Houdini Sportswear opened a store in Kungsgatan, Sweden. Electrolux, a long-time partner, installed a laundry service in the space to showcase its garment care. The space also has a kitchen for consumers to connect.
Kohl’s CEO Steps Down To Take President Role At Levi Strauss
Michelle Gass, CEO of Kohl’s, is stepping down early next month to become the president of Levi Strauss & Co. Levi’s said Gass would start work and join its Board on January 2. The Board began a succession plan for her to succeed Chip Bergh as president and CEO in the next 18 months.
