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SGB UPDATE

SGB UPDATE is the only continuously updated source for news for the Sporting Goods, Athletic Footwear, and Athletic Apparel markets.  This archive area is updated by our editorial team throughout the day as news breaks in the industry.  The SGB UPDATE newsletter is delivered each business morning via e-mail in either TEXT or HTML format.

Click any of the archive tabs above for more news by category of interest.

All BASIC subscribers can access posted articles free for seven days from publish date.  Once archived, articles can only be accessed with a PREMIUM or an EXECUTIVE subscription.

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The Latest News...

Amer Sports Says Exchange Rates Offset First Quarter Sales Growth
Amer Sports reported net sales increased 6 percent currency-neutral in the quarter ended March 30, but said earnings before income taxes fell nearly 22 percent as the euro continued to rise against other currencies. The Finnish company said a mild winter in Europe hurt cross country sales and that a fall in the value of the Russian currency hurt margins...(4/24/2014)

Under Armour Lifts FY Guidance on Strong Q1
Under Armour, Inc.'s net revenues jumped 36.0 percent in the first quarter of 2014 to $642 million, representing a sixteenth straight quarter of at least 20 percent top-line growth. Net income surged 73.3 percent in the first quarter of 2014 to $13.5 million, or 6 cents a share, exceeding Wall Street's consensus estimate of 4 cents a share. UA also slightly raised its outlook for the year... (4/24/2014)

Investor Group led by Bernard Mariette Purchases Lolė Parent
A group of strategic and financial investors led by Bernard Mariette, CEO & President of Coalision Inc., have purchased a majority interest in Coalision from Kilmer Capital Partners. This investment will enable Coalision's growing activewear brand Lolė to expand its retail and web business internationally as well as its global wholesale business...(4/24/2014)

Unifi's Q1 Profits More Than Double
Unifi Inc. reported net income for the March 2014 quarter was $4.7 million, or 25 cents per basic share, compared to net income of $1.4 million, or 7 cents per basic share, for the prior year quarter, reflecting improved operating results in the company's domestic business and lower domestic depreciation expenses...(4/24/2014)

Accell Group Tells Shareholders Results Improving
Accell Group N.V. told shareholders Thursday that sales and profits improved in the first months of 2014 compared with the same period of 2013 as favorable weather in Europe stimulated sales of its bicycles...(4/24/2014)

Adidas Shifts Production From Strike-Disrupted China Factory
Adidas is shifting some production away from Yue Yuen's factory in Dongguan, China, where a strike has lasted 9 days. Adidas said in a statement released to media outlets, “In order to minimize the impact on our operations, we are currently reallocating some of the future orders originally allocated to Yue Yuen Dongguan to other suppliers.”...(4/24/2014)

West Marine Widens Q1 Loss
West Marine Inc. reported net revenues were $113.3 million in its first quarter ended Mar. 29, a decrease of 0.8 percent compared to last year. Comparable store sales decreased by 1.7 percent. The net loss in the period widened slightly to $11.0 million, or 46 cents a share, from $9.7 million, or 41 cents, a year ago...(4/24/2014)

Callaway Golf's Q1 Net Income Improves 15 Percent
Callaway Golf Company reported its first-quarter showed a 22 percent increase in sales, driven by double digit growth in woods (+33 percent), irons (+29 percent), and golf balls (+24 percent). Additionally, income from operations increased 54 percent to $62 million and fully diluted earnings...(4/23/2014)



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