SGB Update Sports & Fitness
Dick’s SG Sees Q4 Comp Sales Up 5.3 Percent; Net Income Falls 32 Percent
Dick’s Sporting Goods, Inc. revenues increased 7.3 percent to $3.60 billion for the fourth quarter ended January 28. Comp-store sales increased 5.3 percent for Q4. Net income fell 32 percent to $236 million, or $2.60 per share, for the fourth quarter.
SGB Media Reports Most-Read Stories, Key Metrics For February 2023
SGB Media posted another strong month in February 2023, with total pageviews rising 15 percent to over 164,000 pageviews for the shortest month of the year. SGBonline.com generated over 1.7 million pageviews for the trailing 12-month period ended February 28.
Equinox Holdings’ Debt Ratings Upgraded On Loan Maturity Extension
Equinox Holdings, Inc. upgraded the debt ratings as the fitness chain operator extended the maturity of its first-lien senior secured revolver to November 2023 from March 2023. The rating agency said default risks remains high.
Moody’s Assigns B1 To Topgolf Callaway’s New Term Loan
Moody’s Investors Service assigned a B1 rating to the company’s new senior secured term loan B. The rating agency said Topgolf Callaway plans to simplify its existing capital structure by refinancing and combining its term debt at Topgolf Callaway and Topgolf International, Inc.
Costco Reports 7 Percent Comp Gain In Fiscal Second Quarter
Costco Wholesale Corp. reported profits rose 12.9 percent in the second quarter ended February 12 as same-store sales on an adjusted basis grew 6.8 percent.
Fanatics Partners With Australian Football League
Fanatics reached an agreement to become the exclusive retail and merchandising partner of the Australian Football League.
Amer Sports’ Debt Ratings Upgraded
Moody’s Investors Service upgraded Amer Sports Holding 1 Oy’s debt ratings due to the company’s healthy sales and earnings improvement in 2022 and overall improving performance over the pandemic. Sales grew 22 percent currency-neutral in 2022, led by China.
Adidas Extends Deal With Union Berlin Until 2030
Union Berlin extended its kit deal with Adidas prematurely with the new deal expiring in 2030.
Bealls, Inc. Appoints New Company President
Bealls, Inc. promoted Tianne Doyle to president. Doyle joined Bealls in 1991 and has held leadership positions across the company, rising to EVP and chief merchandise officer in 2020.
Academy Sports And Outdoors Ups Quarterly Dividend By 20 Percent
Academy Sports + Outdoors, Inc.’s board of directors has declared a cash dividend with respect to the fiscal quarter ended January 28, 2023 of 9 cents per share of common stock of the company, a 20 percent increase from the previous quarterly dividend payment.
Fanatics Collectibles Appoints Chief Marketing Officer
Fanatics Collectibles, the trading cards and collectibles business of Fanatics hired Ken Turner as chief marketing officer.
BN3TH Appoints VP Of Sales
Men’s underwear and baselayer brand BN3TH promoted Matt Keenan to VP of sales, effective March 1.
Xponential Fitness Posts Double-Digit Same-Store Revenue Growth In Q4
Xponential Fitness, Inc. reported that total revenue increased 44 percent to $71.3 million for the fourth quarter of 2022, up from $49.4 million in the prior-year period. This increase included a corresponding North America same-store sales increase of 17 percent.
Crunch Fitness Names Four To Top Leadership Roles
Crunch Fitness hired Molly Long as chief experience officer, promoted Chad Waetzig to chief marketing officer, Tim Welsh was promoted to chief development officer, and Pam Brown was hired as VP, head of people and culture.
Hibbett Rolls Out Returns Service
Hibbett, Inc. added Happy Returns’ Return Bars in its more than 1,100 Hibbett and City Gear specialty stores nationwide. Through the service, customers can make returns from hundreds of online retailers at Hibbett and City Gear stores in 36 states.
