SGB Update Sports & Fitness
Nike Sees Mid-Teens EPS Growth Over Next Five Years
At its Investor Day held at Tiger Woods Center at its Portland headquarters, Nike officials said they expected earnings per share to grow in the mid-teens on high-single-digit revenue growth over the next five years.
Tennis Industry Gears Up for ‘Innovation Challenge’
The Tennis Industry Association (TIA) is now accepting applications for its Tennis Industry Innovation Challenge to be held at its Fifth Annual TOM (Tennis Owners & Managers) Conference next April.
Shimano’s Profits Slump In Nine Months
Shimano reported earnings slumped 46.3 percent in the first nine months of the year due to a weak cycling market.
Planet Fitness Makes Leadership Appointments
Planet Fitness Inc. appointed Craig Miller as chief digital and information officer and Rob Sopkin as chief development officer.
UFC Signs Mouthguards License
UFC formed a new multi-year global licensing agreement with Opro, a mouthguard manufacturer.
Brooks Announces 2017 Inspiring Coaches Of The Year
Brooks Running Company recognized cross country coaches Neville Anderson of Athens Academy in Georgia and Denise Benson of Lexington High School in Ohio as 2017 Inspiring Coaches of the Year.
Puma Lifts Outlook For Third Time This Year
Puma reported sales on a currency-neutral basis rose 17.4 percent in the third quarter, led by a 22.7 percent gain the EMEA region and a 15.6 percent jump in the Americas region.
Report: Under Armour Mulling Category Exits, Kip Fulks Takes Sabbatical
Kip Fulks, a co-founder of Under Armour, will take a sabbatical from the company, according to a report from The Wall Street Journal. The company is also exploring exiting tennis and other smaller outdoor categories, including outdoor gear and fishing, sources told the Journal.
Callaway Signs College Player Of The Year
Callaway Golf Company signed 2017 NCAA Player of the Year Sam Burns to a staff pro agreement.
Luxottica’s Q3 Sales Dip On Currency Headwinds
Luxottica Group, the parent of Oakley, Ray-Ban and Sunglass Hut, reported sales in the third quarter were up 0.8 percent at constant exchange rates but slid 3.5 percent at current exchange rates as a result of the strong Euro appreciation against the main currencies.
McDavid Partners With Marc-André ter Stegen
McDavid has formed an official partnership with German soccer goalkeeper Marc-André ter Stegen as global ambassador.
VF Corp.’s Tops Q3 Targets, Lifts Outlook
VF Corp. again raised its outlook for the year after reporting third-quarter earnings that came in well above Wall Street’s targets. In Outdoor & Action Sports, its largest coalition, revenue increased 8 percent, led by a 28 percent gain by Vans.
NRF: Imports Set A Second Record High
Imports set a second all-time monthly record high this summer as retailers brought in merchandise for the busy holiday season, and are continuing at unusually high levels this month, according to the monthly Global Port Tracker report released this month by the National Retail Federation and Hackett Associates.
Under Armour Signs Syrian Swimmer
Under Armour added 19-year old Syrian freestyle and butterfly swimmer Yusra Mardini to its team of international athletes.
Bauer Launches Expanded Women’s Hockey Campaign
Bauer Hockey launched its most robust and expansive women-specific initiative in history as part of its campaign to grow and advance female hockey.
