News Topics
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November 1, 2023
Vista Outdoor Reports Second Quarter FY24 Financial Results
Vista Outdoor Inc. reported financial results for the second quarter of Fiscal Year 2024 (FY24), which ended on September 24, 2023. Sales decreased $105 million to $677 million, down 13 percent, driven by lower shipments across nearly all categories in the Sporting Products segment. Gross profit declined 21 percent to $209...
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November 1, 2023
Garmin Lifts Outlook On Q3 Beat
Garmin, Ltd. raised its guidance for the year as third-quarter results topped expectations. Among segments, fitness sales grew 26 and Outdoor advanced 7 percent while Marine declined 7 percent. Highlights for the third quarter 2023 include: Consolidated revenue of $1.28 billion, a 12 increase compared to the prior year quarter...
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November 1, 2023
Brooks Running Eyes Return to Double-Digit Growth In 2024
Brooks Running’s global revenue grew 5 percent in the first nine months of 2023, with North America revenue increasing 7 percent. The Seattle, WA-based running brand, owned by Berkshire Hathaway, reported it remains the leading running footwear brand across U.S. retail and forecasted a return to double-digit growth in 2024....
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November 1, 2023
Day one of the Kaitlin Armstrong murder trial wraps up
The murder trial for Kaitlin Armstrong began Wednesday at 9 a.m. Armstrong is accused of shooting and killing up-and-coming professional cyclist Anna Moriah “Mo” Wilson in May 2022. Even though cameras are not allowed inside during testimony, KXAN’s Brianna Hollis will be inside the courtroom and will update this story...
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November 1, 2023
How Brooks Plans to Achieve Double-Digit Growth in 2024 As the Running Market Heats Up
While other running brands such as Hoka and On have been generating big buzz, Brooks continues to show solid gains. As of the third quarter, Brooks’ global revenue grew 5 percent year-to-date, with North America revenues increasing 7 percent. Internationally, Brooks’ revenue increased 22 percent in France and the United...
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October 31, 2023
Aston Martin Enters The High-End Cycling World With Its All-New .1R Bike
Aston Martin joins the two-wheel world with help from J.Laverack. Luxury meets innovation as Aston Martin joins forces with J.Laverack to launch the J.Laverack x Aston Martin .1R, showcased as the pinnacle of bespoke bicycles. This collaboration is a fusion of automotive high-performance design and cycling craftsmanship, resulting in a...
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October 30, 2023
Pan American Games race walk course found to be 3 km short
The first day of athletics was off to a rocky start at the 2023 Pan American Games in Santiago, Chile when the women’s 20 km race walk course was found to be three kilometres shorter than the prescribed distance. This unexpected lack of accurate course measurement led to officials quashing...
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October 30, 2023
Kaitlin Armstrong trial starts today: here’s what we know
The criminal trial for the murder of cyclist Moriah Wilson that has gripped the nation and cycling world alike gets underway in Austin, Texas, today. Defendant Kaitlin Armstrong faces a first-degree murder charge along with two felony charges for 'Unlawfully Flight to Avoid Prosecution' when she fled to Costa Rica for 43...
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October 28, 2023
Thule’s Profits Bounce Back in Third Quarter
Thule Group reported a strong recovery in earnings in the third quarter as sales rose 8.0 percent. Sales in the North American region decreased 15 percent on a currency-neutral basis. The Sweden-based maker of outdoor and transportation products reported net sales for the quarter amounted to SEK 2,311 million ($205.8...
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October 27, 2023
Ousted Planet Fitness CEO Created Toxic Culture, Per Report
Recently ousted Planet Fitness CEO Chris Rondeau is facing some out-of-this-world allegations from former employees who portray a “fitness employees gone wild” atmosphere that includes on-the-job drinking and weekend getaways bankrolled by a proverbial suitcase filled with thousands of dollars. Rondeau was shocked by being shown the door by the...
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