SGB Update Sports & Fitness
Escalade Q3 Profits Climb 16 Percent
Escalade Inc. reported earnings rose 16.1 percent on higher gross margins and robust e-commerce growth.
Inaugural Racquet & Paddle Sports Conference To Be Held In Orlando
The inaugural Racquet & Paddle Sports Conference, run by the TIA (Tennis Industry Association), will be held from January 23 to 25 in Orlando, FL.
Fox Factory Q3 Revenues Soar 38 Percent
Fox Factory Holding Corp. reported earnings rose 50.9 percent in the third quarter as sales vaulted 38.0 percent.
Intersport Appoints New CEO
IIC-Intersport International Corporation GmbH (IIC) said Steve Evers, the current vice chairman of the IIC Board, was nominated as the new CEO. He will start in his new position early 2019. Victor V. Duran stepped down from his position as IIC CEO by mutual agreement with immediate effect.
More Than $2 Million Raised For Kids At 10th Annual Skechers Pier To Pier Friendship Walk
The Skechers Foundation broke new fundraising records for children with special needs and education at Sunday’s 10th annual Skechers Pier to Pier Friendship Walk, surpassing $2 million in contributions and totaling over $11 million since the Walk’s launch.
Brunswick Names Jason Worthy As President – Fitness Division
Brunswick Corporation (BC) announced that Jason Worthy, a fitness industry veteran with more than 20 years of fitness industry experience, most recently as vice president and general manager of fitness solutions for Life Fitness, has been named president of Brunswick’s Fitness division.
Garmin Lifts Outlook On Robust Growth
Garmin Ltd. reported adjusted earnings rose 32 percent in the third quarter ended September 29, easily ahead of Wall Street’s target. Revenues rose 8 percent. Strong gains were seen by the Marine segment, running up 28 percent; Aviation, 17 percent; Fitness, 14 percent and Outdoor, 13 percent. Garmin lifted the company’s full-year EPS guidance.
Nike Extends Deal With Tottenham Hotspur
Nike has extended the company’s deal with Tottenham Hotspur until 2033.
Big 5 Sporting Goods Corp. Misses On Q3 Revenue, Earnings
Big 5 Sporting Goods Corporation on Tuesday reported financial net sales for the third quarter ended September 30 of $266.4 million, down from net sales of $270.5 million for the third quarter of fiscal 2017.
Brooks Considering Exiting China For Vietnam
Brooks Running is considering shifting the company’s manufacturing operations from China to Vietnam to avoid trade war tariffs, Brooks’ CEO Jim Weber said in an interview with CNBC’s “Squawk Box.”
New Balance To Appoint Joe Preston CEO
New Balance Athletics Inc. announced that president and chief executive officer Rob DeMartini will step down effective December 31, 2018 and New Balance veteran Joe Preston will assume the role.
Under Armour’s Q3 Flies Past Estimates
Under Armour Inc. reported earnings that handily topped Wall Street’s targets as international sales continue to spike and promotional activity lessened. Sales in the U.S. declined 2 percent. Earnings guidance for the year was slightly raised.
Unifi’s Q1 Profits Drop
Unifi Inc., the producer of recycled and synthetic yarns, reported profits dropped in the first quarter ended September 30 as a result of higher raw material costs and warned the second-quarter earnings would be impacted by a “surge” in polyester raw material costs in September. Sales in the first quarter rose 10.6 percent.
Sports Inc. Teams Up With TeamWorks School Fundraising App
Sports Inc. and TeamWorks Inc., the team fundraising application, have partnered to help schools and leagues raise money.
Golf Rounds Played Drop In September
According to Golf Datatech, golf rounds played in the U.S. were down 7.2 percent in September year-over-year on a national level.
