Latest Sports Breaking News
May 6, 2022
Fox Factory adds 34.4% revenue in Q1, raw materials stocked up
Fox Factory has continued to add significant gains to its revenues, posting a Q1 growth of 34.4%, worth $378 million, versus $281.1 million in the same period last year. The results again represent record takings for the suspension giant, which recorded a 22.8% gross profit of $120.3 million despite a...
May 5, 2022
100% compostable water bottles at the Giro d’Italia for Cannondale teams
For the 2022 Giro d’Italia the Cannondale Professional World Tour teams will be using a 100% compostable water bottles. Made from plant-derived materials, the bite valve, cap and bottle body are completely compostable, free from plasticizers, heavy metals and BPAs making it both human-friendly and eco-friendly. Cycling Industry
May 5, 2022
Peloton Reportedly Eyes Sale of Minority Stake to Bolster Finances: WSJ
Peloton is falling in afterhours trading Thursday as the connected fitness equipment maker is reportedly exploring the sale of a 15% to 20% stake to boost its finances, The Wall Street Journal reported, citing unnamed sources. Investing
May 4, 2022
CycleBar Opens 250th Studio, Rides Past 500 Signed Agreements
CycleBar, the world’s largest indoor cycling brand, announced today it has opened its 250th studio and secured more than 500 franchise agreements, vastly increasing its reach amidst a global pandemic. Since being acquired by Xponential Fitness in 2017, CycleBar’s trajectory has been tremendous, further heightened by the boom in the...
May 3, 2022
BMC, Red Bull, Fabian Cancellara team up on ‘world’s fastest race bike’ project
BMC and Red Bull unveiled a prototype time trial/triathlon bike that will be raced at the Ironman world championships this weekend. This is the first public iteration of the two brands’ project to “develop the world’s fastest race bike.” Four-time world time trial champion Fabian Cancellara was also involved. VeloNews
May 2, 2022
Endur Apparel rebrands to Outway following 3.2 million dollar investment
Canadian performance sock brand Endur Apparel has rebranded to Outway following a 3.2 million dollar investment. The investment was led by Andrew Wilkinson, the co-founder of Canadian holding company Tiny. Fashion United
May 2, 2022
Former Tour de France winner Stephen Roche guilty of fraud
Roche has been ordered to repay $1.1 million after a Spanish court proved that he negligently bankrupted his Majorca firm, using its assets to pay for his own extravagant lifestyle. The civil court ruling determined that Roche used funds from his cycling tour company to pay for his own bills, as...
April 30, 2022
‘Nonbinary Runners Have Been Here the Whole Time’
In the past year, road races have debuted a nonbinary category, typically with around two dozen or fewer such competitors at each event. The nonbinary category in races has not drawn as much public controversy. Most nonbinary runners go unnoticed on race day, running alongside tens of thousands of other...
April 27, 2022
Sam Long hit by car during St. George build up
American Ironman World Championship favorite Sam Long has been hit by a car while training for the upcoming Ironman World Championship race in St. George, Utah on May 7. Today he confirmed that despite the crash, he will be on the start line next week after the accident. Triathlon Canada
April 27, 2022
Garmin sees ‘normalization’ of cycling product sales
Garmin Ltd. reported record first-quarter revenue despite a 28% decrease in sales in its fitness division, which includes Garmin's cycling products. Consolidated revenue was $1.17 billion, a 9% increase year-over-year. Three other segments posted double-digit growth led by the outdoor segment ($385 million), which grew 50% year-over-year, and was boosted...
