SGB Update Sports & Fitness
Brooks Running Sees Double-Digit Growth In Q2
Brooks Running reported sales grew 11 percent in the second quarter year over year. In the face of ongoing economic and supply chain stressors, Brooks said it began to meet strong demand in May, keeping the company on track for projected double-digit revenue growth in 2022.
Leatt’s Q2 Revenues Gain 25 Percent
Profits at Leatt Corp rose 13 percent in the second quarter on a 25 percent revenue gain.
Golftec To Acquire Skytrak, Names Chief Strategy Officer
Golftec has entered into a definitive agreement to acquire SkyTrak, the consumer launch monitor and simulator. In support of this acquisition, Golftec named golf industry veteran Jeff Foster as chief strategy officer.
HanesBrands’ Second Quarter Dragged Down By Cyber Attack
HanesBrands, Inc. reported sales and earnings for the second quarter were negatively impacted by a ransomware attack as well as softer-than-expected point-of-sale trends. Global Champion brand sales decreased 20 percent over prior year in constant currency. The parent of Champion and Hanes significantly reduced its guidance for the year.
Life Time Sees 42 Percent Growth In Q2
Life Time Group Holdings, Inc. reported sales grew 42 percent in the second quarter ended June 30 with gym memberships up 10.2 percent year-over-year across its nearly 160 athletic country clubs across the U.S. and Canada.
Kitzuma Cycling Logistics Expands Operations
Kitzuma Cycling Logistics has expanded its fulfillment services with the recent acquisition of warehouse space in Salt Lake City and Asheville, NC. Kitzuma, the fully built bike delivery company, has created a one-stop shop for warehousing bikes, processing orders and shipping to retailers or consumers. With 20,000 additional square feet, Kitzuma is positioned to support […]
Mizuno’s Revenues Expand 8 Percent In First Quarter
Mizuno Corp. reported sales grew 7.8 percent in the first quarter ended March 31, driven by growth in the golf business.
Wolverine Worldwide Lowers Outlook Despite Second Quarter EPS Beat
Wolverine World Wide Inc. reported second-quarter earnings topped Wall Street estimates in the second quarter ended July 2, but sales fell short due to supply chain disruption. Guidance for the year was reduced due to expectations of higher promotional activity amid elevated inventories in the back half of the marketplace.
Acon Investments Increases Stake In New Era Cap
Acon Investments has announced closing a single-asset continuation round worth around $700 million to increase its stake in the New Era headwear brand while bringing in new backers. As part of the transaction, Major League Baseball, the National Football League and the National Basketball Association will become minority owners in New Era Cap.
Nautilus’ Q1 Revenues Tumble 70 Percent
Nautilus Inc. reported a steep loss in the fiscal first quarter as sales plunged 70.3 percent year over year. The fitness company said it achieved the upper end of its revenue guidance and beat its adjusted EBITDA guidance while. Direct net sales are up 27 percent vs pre-pandemic Q120 quarter.
Wahoo Opens Sports Science Facility In Colorado
Fitness technology company Wahoo has opened a Sports Science Center in Boulder, CO, “dedicated to enhancing athletic performance.”
NPD Reports U.S. Footwear Sales Decline In Q2
In the second quarter of 2022, U.S. footwear industry sales revenue was $10.7 billion, a decline of 4 percent versus Q2 2021, according to The NPD Group.
Planet Fitness Announces Chief Brand Officer
Planet Fitness, Inc. promoted Jamie Medeiros, vice president of national marketing, to chief brand officer.
Planet Fitness Sees Q2 Same-Store Sales Jump 13.6 Percent
Planet Fitness, Inc. reported earnings bounced back in the second quarter ended June 30 as system-wide same-store sales increased 13.6 percent.
Topgolf Readies Knoxville Opening
Topgolf Entertainment Group will open its 79th global venue in Knoxville, TN, on August 12.
