SGB Update Sports & Fitness
Yue Yuen’s Q1 Sales Hurt By Declines At Pou Sheng
Yue Yuen reported profits grew 3.7 percent in the first quarter despite a 4.0 percent decline In revenues, mainly dragged by weak sales at its Pou Sheng retail chain.
Mizuno’s Q4 Sales Climb Double-Digits In Americas Region
Mizuno reported sales in the Americas region rose 15.9 percent in the fourth quarter and 30.4 percent in the fiscal year ended March 31.
Xponential Fitness’ Sales Surge 73 Percent In First Quarter
Xponential Fitness reported sales grew revenue 73 percent in the first quarter with North America system-wide sales up 70 percent.
JD Sports Sees Strong Start To Year
JD Sports Fashion Plc. said same-store sales grew more than 5 percent in the first 14 weeks of the new financial year to May 7.
Puma Appoints Supervisory Board Chair
Puma SE appointed Héloïse Temple-Boyer to chair of its supervisory board. She succeeds Jean-François Palus.
Asics North America Delivers Fifth Consecutive Quarter Of Positive Growth
Asics reported that despite strong sales in North America, net sales decreased 1.1 percent to ¥105,329 million ($822 mm) due to production disruptions caused by shutdown of some factories. In North America, sales increased 12.2 percent to ¥21,112 million ($165 mm).
SportChek’s Comps Jump 10 Percent In First Quarter
Canadian Tire Corp. reported retail sales at SportChek increased 4.5 percent in the first quarter, and comparable sales were up 10.2 percent over the same period last year. Helly Hansen’s sales were up 24 percent. Canadian Tire’s consolidated comparable sales, excluding petroleum, grew 6.4 percent in the first quarter.
TravisMathew First Brand To Open Storefront At St. Andrews
TravisMathew, the men’s golf and lifestyle brand, announced a partnership with St Andrews Links to open a storefront at the Old Course, making it the first brand with an on-site retail presence.
Stix Golf Closes $10 Million Funding Round
Stix Golf, the start-up maker of golf clubs, announced the close of a $10 million Series A financing round with notable contributions from existing and new investors including Verance Capital, 2.0 Ventures, and Spacestation Investments.
Trove Appoints CEO
Trove, the specialist in re-commerce, announced that its President, Gayle Tait, has been promoted to CEO effective immediately. Andy Ruben, who has been CEO since he founded the company in 2011, will transition to executive chairman.
Speede Fitness Appoints Chief Athletic Officer
Speede Fitness, a Chicago-area strength training company launching a fitness machine this summer, announced that UFC fighter Michael Chandler accepted the position as chief athletic officer, effective immediately, recruiting professional athletes to the brand and advising the company on workout programming.
Wolverine World Wide Sees Q1 Revenue And Margins Top Expectations
Wolverine World Wide Inc. reported revenue and operating margin exceeded expectations in the first quarter ended April 2 as sales grew 20 percent. Excluding the acquisition of Sweaty Betty, sales grew 9.9 percent, led by Sperry. Wolverine reiterated its outlook for the year.
Callaway Golf’s Q1 Sales Surge 60 Percent
Callaway Golf reported net revenues in the first quarter increased 59.6 percent to $1.04 billion. The gains were driven by the acquisition of Topgolf but also double-digit growth in its Golf Equipment business as well as Apparel, Gear and Other business. The company raised its guidance for earnings and sales for the year.
Planet Fitness Sees Same-Store Sales Climb 16 Percent In First Quarter
Planet Fitness, Inc. reported earnings tripled on a 67 percent revenue gain for its first quarter ended March 31. System-wide same-store sales increased 15.9 percent, and the fitness chain ended the period with more than 16.2 million members, up from 14.1 million a year ago.
Form Appoints Board Members
Form, the direct-to-consumer fitness technology company behind the Form smart swim goggles, has appointed two tech industry veterans, Ed Baker and Eric Min, to its board.
