Life Time Sees 42 Percent Growth In Q2
Life Time Group Holdings, Inc. reported sales grew 42 percent in the second quarter ended June 30 with gym memberships up 10.2 percent year-over-year across its nearly 160 athletic country clubs across the U.S. and Canada.
Unifi’s Q4 Profits Squeezed By Margin Pressures
Unifi, Inc. reported earnings slid in the fiscal fourth quarter ended July 3 as lower gross margins offset a sales gain of 18 percent. Results were consistent with expectations.
Vista Outdoor Adds Two Board Members
Vista Outdoor, Inc. elected two independent members, Gerard Gibbons and Bruce Grooms, to its Board of Directors during the company’s Annual Meeting of Stockholders on July 26, 2022.
Kitzuma Cycling Logistics Expands Operations
Kitzuma Cycling Logistics has expanded its fulfillment services with the recent acquisition of warehouse space in Salt Lake City and Asheville, NC. Kitzuma, the fully built bike delivery company, has created a one-stop shop for warehousing bikes, processing orders and shipping to retailers or consumers. With 20,000 additional square feet, Kitzuma is positioned to support […]
Mizuno’s Revenues Expand 8 Percent In First Quarter
Mizuno Corp. reported sales grew 7.8 percent in the first quarter ended March 31, driven by growth in the golf business.
Wolverine Worldwide Lowers Outlook Despite Second Quarter EPS Beat
Wolverine World Wide Inc. reported second-quarter earnings topped Wall Street estimates in the second quarter ended July 2, but sales fell short due to supply chain disruption. Guidance for the year was reduced due to expectations of higher promotional activity amid elevated inventories in the back half of the marketplace.
Acon Investments Increases Stake In New Era Cap
Acon Investments has announced closing a single-asset continuation round worth around $700 million to increase its stake in the New Era headwear brand while bringing in new backers. As part of the transaction, Major League Baseball, the National Football League and the National Basketball Association will become minority owners in New Era Cap.
Nautilus’ Q1 Revenues Tumble 70 Percent
Nautilus Inc. reported a steep loss in the fiscal first quarter as sales plunged 70.3 percent year over year. The fitness company said it achieved the upper end of its revenue guidance and beat its adjusted EBITDA guidance while. Direct net sales are up 27 percent vs pre-pandemic Q120 quarter.
Wahoo Opens Sports Science Facility In Colorado
Fitness technology company Wahoo has opened a Sports Science Center in Boulder, CO, “dedicated to enhancing athletic performance.”
NPD Reports U.S. Footwear Sales Decline In Q2
In the second quarter of 2022, U.S. footwear industry sales revenue was $10.7 billion, a decline of 4 percent versus Q2 2021, according to The NPD Group.
Planet Fitness Announces Chief Brand Officer
Planet Fitness, Inc. promoted Jamie Medeiros, vice president of national marketing, to chief brand officer.
The Athlete’s Foot Announces Joe Delphry’s Seven Store Franchise Transition After 23 Years
The Athlete’s Foot announced that Joe Delphry, a TAF franchise owner since 1999, will be transitioning his seven stores to The Dahir Group, with whom he has shared a long-time friendship.
Planet Fitness Sees Q2 Same-Store Sales Jump 13.6 Percent
Planet Fitness, Inc. reported earnings bounced back in the second quarter ended June 30 as system-wide same-store sales increased 13.6 percent.
Topgolf Readies Knoxville Opening
Topgolf Entertainment Group will open its 79th global venue in Knoxville, TN, on August 12.
Imports Slowing In Second Half, But 2022 Should See Gain Over 2021
After a record-setting spring, imports are expected to slow down at major U.S. container ports for the remainder of the year, but there will be a net gain over 2021, according to the Monthly Global Port Tracker Report* released by the National Retail Federation and Hackett Associates.
