News Topics
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October 31, 2024
Peloton Earnings Beat Expectations As It Still Loses Subscribers
Peloton reported it has 6.2 million members, a 3% drop from the previous quarter. The connected fitness company reported revenue for fiscal first-quarter 2025 of $586 million Thursday, lower than the previous quarter ($643.6 million) and the year-ago period ($595.5 million). Front Office Sports
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October 30, 2024
Generational differences influence views on fitness, study finds
Generational differences can influence views on fitness, as evidenced by results of a new survey conducted by garagegymreviews.com among 2,000 Americans over the age of 18. The younger generations tend to exercise to boost their mental health, as 73% of Millennials (Generation Y) and 70% of Generation Z say they exercise...
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October 30, 2024
REI now a Canyon authorized service partner
Canyon Bicycles is expanding its service partner network by adding 28 REI Co-op locations. The consumer-direct brand's network already includes 66 independent bike shops in the U.S. and scores of independent service partners in Europe. All service, including frame warranty and crash replacements, will be fulfilled at Southern California, Denver, and...
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October 30, 2024
Garmin Ltd. Ups Guidance on Strong Double-Digit Q3 Growth in Fitness, Outdoor and Marine
Garmin Ltd. posted consolidated revenue of $1.59 billion for the third quarter ended September 28, a 24 percent increase compared to the prior-year third quarter. Revenue from the Fitness segment increased 31 percent to $463.9 million in the third quarter with growth across all categories led by strong demand for...
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October 30, 2024
Online Sports Coaching Platforms Market to Grow by $1.24B
Athlete involvement and AI are set to propel the global online sports coaching platform market size to grow by $1.24 billion from 2024 to 2028, according to a new report from Technavio. Athleteh News
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October 29, 2024
Brooks Reaches $1B Sales Milestone in First 9 Months of Year
Following a record Q2, Brooks Running continued its winning streak in its most recent quarter. In the third quarter of 2024, the Seattle-based performance running brand reported that it surpassed $1 billion in global revenue year to date through September, marking the first time the company has hit the major milestone prior...
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October 29, 2024
Shimano sales down 12% in 2024, but cycling components giant points to “signs of progress”
Shimano's sales and income from bicycle components are significantly down on 2023, according to its latest financial results. The figures are for the first nine months of 2024, with sales in its bicycle components division down 12 per cent to 253,861 million yen (£1.27 billion), while the segment's income has...
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October 29, 2024
Rapha Posted Losses—Are Road and Gravel Cycling Dying?
Digging deeper into Rapha's financials paints a more nuanced picture of the state of the apparel brand — but what does that say about the state of cycling? Velo
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October 28, 2024
Italian man cramps up during finish-line proposal at Venice Marathon
On Sunday, Vittorio Vedovelli of Lombardy, Italy, planned the perfect proposal at the finish line of the 2024 Venice Marathon. But one detail he hadn’t accounted for: the state his body would be in after running 42.2 kilometres. As the 29-year-old finished the race, he was greeted by his girlfriend, who was...
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October 25, 2024
Hoka Sends Sales Surging at Deckers Brands in Second Quarter
Deckers Brands raised its 2025 guidance after net sales skyrocketed in the second quarter ending Sept. 30, helped by impressive results from Hoka and growth in both wholesale and direct-to-consumer sales. Net sales at the parent company of Hoka, Ugg and Teva grew by 20% to $1.311 billion compared to...