SGB Update Sports & Fitness
Planet Fitness Posts 19 Percent Revenue Growth in Q4 on Strong Equipment Sales
The company reports that total revenue for the fourth quarter of 2024 increased 19.4 percent to $340.5 million from $285.1 million in the prior-year Q4 period, including system-wide same-club sales growth of 5.5 percent.
Five Iron Golf to Open First Venue in Nashville
The venue will be located in Aertson Midtown, a mixed-use development adjacent to Music Row, featuring the Kimpton Aertson Hotel, retail and dining.
Sports Paradise Welcomes Team Sales Account Executive
Maggie Egan brings four years of experience in the sports and nutrition field to Sports Paradise with a proven track record working with coaches and teams as a market development associate for Gatorade throughout New Jersey and Staten Island, NY.
Callaway Takes $1.45B Non-Cash Charge Against Topgolf Goodwill and Certain Assets
Fourth quarter net revenue increased 3.0 percent year-over-year to $924.4 million, primarily driven by increases in Golf Equipment. On a GAAP basis, the loss from operations increased $1.43 billion due primarily to a non-cash $1.45 billion impairment of the Topgolf goodwill and intangible assets.
IFit Welcomes Chief Subscription Officer
Jeremy McCarty leads the vision and direction of iFit’s subscription business while overseeing customer acquisition, retention and optimization of the company’s membership model.
Nexus Golf Invests $2M for Minority Stake in New TruGolf Links Hybrid Simulator
The hybrid golf technology is expected to change the business equation for golf course operators, expanding operating hours, better leveraging existing infrastructure, and creating new revenue streams.
Pickleball Kingdom Sets Opening for Lehigh Valley, PA
The newest club in Whitehall Township, PA, with a planned opening in October 2025, will be lead by franchisees Chris and BethAnn Monteith, who have each had successful business careers.
Summit Golf Brands Appoints Chief Financial Officer
Summit Golf Brands has hired Timothy Moore as chief financial officer, overseeing finances across each SGB’s apparel brands, including B. Draddy, Zero Restriction, Fairway & Greene, and EP New York.
Scheels to Open Third Store in Wisconsin in 2027
Wauwatosa Scheels will employ 500-plus store associates, the majority of whom will be employee owners hired locally. The store will be the company’s 36th location. A 35th store will open in Fall 2026 in Cedar Park, TX.
Report: Tennis Participation Grew 8 Percent in 2024 to 25.7 Million Players
One in every 12 Americans played tennis in 2024, the highest proportion on record, concluded the USTA based on the partner studies. This exceeds the five-year average ratio of one in 16 Americans.
Report: Golf Participation Sets Record for Diversity in 2024
Among the 28.1 million Americans who played golf on a course in 2024, the most since 2008, 28 percent were female and 25 percent were Black, Asian or Hispanic, both representing the highest proportions ever recorded, according to the NGF.
Pvolve Appoints Head of Medical Affairs
OB/GYN and Longevity Expert, Dr. Jessica Shepherd, joins Pvolve to E\enhance its results-driven method and bridge the gender research gap in women’s health.
The Toronto Tempo, Canada’s First WNBA Team, Names First General Manager
Monica Wright Rogers, a WNBA champion and collegiate All-American, will lead basketball operations for the Tempo, including, most immediately, the hiring of a head coach and building out the roster for the team’s inaugural season.
Fish Monkey Hunt Monkey Welcomes Operations Manager
Keith Anderson was formerly the director of Operations and Information Technology at Yo-Zuri since 2017. He is responsible for tech-related issues for Fish Monkey and Hunt Monkey brands.
Crunch Franchise to Open Crunch Fitness in New Orleans
Brian Hibbard, the CEO of Fitness Ventures, LLC, owns and operates Crunch Fitness locations nationwide. Crunch Algiers, slated to open in Winter 2025, will be its 67th U.S. location and second in Louisiana.
