SGB Update Sports & Fitness
Gildan Activewear’s Q2 Profits Climb 14 Percent
Gildan Activewear Inc. reported net profits climbed 13.7 percent on a 3.8 percent revenue gain while slightly raising its earnings guidance for the year.
Safilo’s Sales Slump In Q2
Safilo Group S.p.A., the parent of Smith Optics, reported second quarter sales equaled €315.3 million, down 9.8 percent compared to last year at current exchange rates and 10.6 percent at constant exchange rates.
Fitbit’s Q2 Revenues Slide 40 Percent
Fitbit reported a steep loss in the second quarter as sales tumbled 39.8 percent. Results still exceeded the company’s guidance.
Spin Master Sees Robust Q2 Growth
Spin Master Corp. reported second-quarter revenue of $276.7 million increased 54.2 percent from $179.4 million a year ago. Excluding revenue from Swimways, which was acquired in Q3 2016, Q2 revenue grew 37.4 percent
Varsity Brands Rebrands El Toro High School
Varsity Brands has partnered with El Toro High School, in Lake Forest, CA on one of the most comprehensive branding projects for Varsity Brands to date.
Footaction Partners With Hip-Hop Stars On Campaign
Footaction partnered with music pioneer Gucci Mane, Uber Everywhere artist MadeinTYO and One Night Only MC, Cousin Stizz, for the debut of its digital Summer Hustle campaign.
Nike Helps Bring Marathon Kids To All 50 States
Marathon Kids and Nike announced that as of this summer, kids in 50 states across the U.S. are now running with Marathon Kids. The program challenges kids to run the equivalent of up to four marathons (104.8 miles) over the course of a running club season or school year.
Target Commits $14 Million To Local Youth Soccer
Target Corp. announced a $14 million commitment to youth soccer through two new national initiatives, including an $8 million local grant program, and a $6 million partnership with the U.S. Soccer Foundation to build 100 new soccer play spaces by 2020. These are the latest investments by Target in the country’s fast-growing youth sport, and […]
Riddell Extends Smarter Football Program
Riddell kicked off season three of its Smarter Football program, inviting teams to apply for an equipment grant by demonstrating their commitment to advancing the game of football. Future Hall of Fame quarterback and Riddell brand ambassador, Peyton Manning, will join Riddell in reviewing this year’s applicants and selecting the winning teams. The Smarter Football […]
Adidas and MLS Extend Deal Through 2024
Marking Adidas’ largest investment in soccer in North America, the six-year deal makes Adidas the official supplier partner for the Major League Soccer, its clubs, MLS youth academies and youth affiliated clubs.
Iconix Brand Group Strengthens Balance Sheet
Iconix Brand Group Inc. announced it has taken significant steps to strengthen its balance sheet and enhance its financial flexibility.
Garmin Raises Guidance On Outdoor And Aviation Momentum
Garmin Ltd. reported sales inched up 1 percent in the second quarter as double-digit growth in its outdoor and aviation segments offset 15 percent decline in both fitness and auto.
HanesBrands Reports In-Line Results For Second Quarter
HanesBrands, the parent of Champion, Hanes and Gear For Sports, reported operating profits showed a modest gain excluding acquisition-related and integration charges in the second quarter but management said it remained confident that organic growth would resume in the second half.
Precor Launches High-Intensity Interval Training Console
H.I.I.T was voted one of the Top 3 Fitness Trends in 2017 by the ACSM Health and Fitness Journal.
Delta Apparel Sees Q3 Earnings Jump
Delta Apparel Inc. reported earnings per diluted share of 57 cents on net sales of $104.3 million for its fiscal third quarter ended July 1, 2017, compared with earnings of 32 cents per diluted share on net sales of $111.6 million in the prior year third quarter.
