SGB Update Sports & Fitness

Outdoor & Recreation Segment Slides 7.9 Percent for Newell Brands in Q4

Newell Brands, the parent company of Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, among others, reported that the company’s Outdoor & Recreation segment saw another revenue decline in the fourth quarter although it was significantly smaller than recent quarters.

GoPro’s Q4 Revenues Tumble 32 Percent

GoPro Inc. widened its losses in the both the fourth quarter and year ended December 31 as sales fell 32 percent in the quarter and 20 percent in the year. The maker of action cameras said it’s making progress in its turnaround efforts.

Skechers Q4 Revenues Jump 13 Percent

Skechers U.S.A., Inc. reported profits grew 13.9 percent in the fourth quarter as sales advanced 12.8 percent, due to an 18.0 percent jump domestically and a 9.8 percent increase internationally. Sales topped guidance, but earnings missed due to currency headwinds.

Pickleball Kingdom Franchise to Open in Ocala

Tim Campbell will open a 37,000-square-foot facility in Ocala, FL, featuring 13 professional-grade indoor courts in Summer 2025. The franchisee is a senior operations manager with extensive private and law enforcement experience.

Fossil Group Adds Former Adidas and Salomon Execs to Leadership Team

Fossil Group, Inc. appointed Joe Martin, formerly SVP of Wholesale, Team Services and Omni Operations and Marketplace, North America, at Adidas, and Antonio Carriero, previously chief digital and information officer at Salomon, to its executive team. 

Mizuno USA Hit by Cyber Attack

​Mizuno USA, a subsidiary of Mizuno Corporation based in Peachtree Corners, GA, confirmed in Data Breach Notification letters that unknown hackers stole files from its network between August and October 2024.

Peloton Raises Profit Outlook on Improved Holiday Quarter

Peloton Interactive raised its earnings guidance for its fiscal year ending June 2025 after seeing a strong recovery in earnings on an adjusted basis for the holiday quarter on better-than-expected sales. Revenues in its December quarter were down 6.1 percent.

Brooks Running Posts 9 Percent Growth In 2024

Brooks Running reported sales were up 9 percent in 2024, fueled by growth in every region and channel. The performance marked eight consecutive years of growth for the brand, delivering a 13 percent compound annual growth rate over that horizon.

Crunch Franchise to Open Crunch Facility in Windcrest, Texas

Tony Hartl, founder of The Undefeated Tribe and Crunch franchisee, plans to open Crunch San Antonio Windcrest in Windcrest, TX, this Fall. This will be Hartl’s fifth Crunch gym in the San Antonio area, with 11 more in the planning.