SGB Update Sports & Fitness
Mizuno’s Annual Sales and Profits Reach Record Levels
Mizuno reported profits rose 6.5 percent in its fiscal year ended March 31, as sales grew 4.6 percent, with both marking record results. In the Americas region, sales advanced 6.2 percent on strength in golf and volleyball, while operating profits improved 18.3 percent.
Under Armour Fiscal Q4 Revenues Slump 11 Percent; Expects MSD Decline In Q1
Under Armour, Inc.’s revenues declined 11 percent in the fourth quarter and 9 percent in the fiscal year ended March 31, but both sales and adjusted earnings topped guidance. The company expects revenue in its first quarter to slide in the range of 4 to 5 percent.
On Holding’s Q1 Sales Top Expectations, Trims FY Profits Guidance
On Holding AG raised its revenue guidance for the year, now expecting least 28 percent growth on a constant-currency basis, as first-quarter sales exceeded plan. However, the Swiss running brand slightly lowered its earnings expectations as tariffs have introduced higher levels of planning uncertainty.
Callaway Golf Sees Golf Equipment as Least Weakest Link in Company’s Q1 Results
Topgolf segment revenue decreased $29.1 million to $393.7 million, with a decline in same-venue sales offsetting revenue from new venues. Same-venue sales declined 12 percent, in line with expectations.
Import Cargo Levels Expected to See First Year-Over-Year Drop Since 2023
Import cargo at the nation’s major container ports is expected to see its first year-over-year decline in over a year and a half this month as the effect of tariffs imposed by the administration on the supply chain increases, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Xponential Fitness NA System-Wide Sales Climb 18 Percent
Xponential Fitness Inc. reported North America system-wide sales climbed 18 percent in the first quarter with overall results in line with expectations. The fitness boutique owner lowered its guidance on global net new studio openings for the year but reaffirmed its guidance on system-wide sales, total revenue, and adjusted EBITDA.
Fox Factory Tops Q1 Guidance
Fox Factory Holding Corp. reported first-quarter loss on a steep goodwill charged related to tariffs but adjusted earnings surpassed guidance with the benefit of cost-control efforts. Sales grew 6.5 percent with gains across its Aftermarket Applications Group (AAG), Specialty Sports Group (SSG) and Powered Vehicles Group (PVG) segments. Guidance was reaffirmed for the year.
CNBC/NRF Retail Monitor Reveals April Easter/Spring Break Boost
Growth in the Clothing, Footwear and Accessories store sector accelerated from the March trend, and the sector that includes Sporting Goods stores was up 9.2 percent y/y unadjusted in April after a strong 6.6 percent y/y gain in March.
Peloton Raises Full-Year Mid-Point Guide for Key Metrics, Revenue and Adjusted EBITDA
Company President and CEO Peter Stern said PTON was raising the mid-point of its FY25 guidance for key metrics, including ending paid connected fitness subscriptions, total revenue, and adjusted EBITDA, while maintaining guidance for total gross margin.
SportChek’s Q1 Same-Store Sales Expand 6.3 Percent
Canadian Tire Corp. reported SportChek delivered a third consecutive quarter of comparable sales growth, up 6.3 percent, driven by strong sales across corporate and franchise stores. Skiing, snowboards, hockey, and outerwear were the top-performing categories in the quarter.
Merrell and Saucony Post DD Q1 Growth at Wolverine Worldwide
Merrell increased 13.2 percent (+14.4 percent cc) in the first quarter, and Saucony jumped 29.6 percent (+31.1 percent) year-over-year. International business increased 16.4 percent year-over-year.
OrderMyGear Partners with Stahls to Support Print-on-Demand Retailers
The integration will support print-on-demand stores with single-unit or low order minimums, with decoration and fulfillment at the time of placement, limiting upfront inventory costs and automating the process for fulfilling online orders.
PickleRage Continues Michigan Expansion with Franchise Club in Portage
The club will be in Romence Plaza, which is part of the 168,000-square-foot Shoppes at Romence Village, one of Portage’s premier shopping centers, a quarter mile from Westnedge Avenue in the area’s busiest retail corridor.
Costco April Comps Grow 6.7 Percent x-Gas; E-Commerce Up High Teens
Costco Wholesale Corporation reported net sales of $21.18 billion for April, the four weeks ending May 4, 2025, an increase of 7.0 percent from $19.80 billion in 2024.
Fleet Feet Chicago Opens Ninth Chicagoland Store
Fleet Feet Chicago opened its first Chicagoland store in 1996. The Algonquin store marks the ninth Fleet Feet Chicago network store, owned and operated by Dave and Lisa Zimmer.
