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.

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.

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.

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.