Analysis on the brand’s and retailer’s financial performance in the sporting goods industry including annual and quarterly updates, regional break-down, channel and segment growth.
The US performance footwear group regained profitability in Q1, led by strong sales from its trail and running brands despite tariff-related uncertainty.
On a constant currency basis, sales increased by 1.4 percent.
Net revenue decreased 18.3 percent to $32.1 million due to planned retail store closures and international distributor transitions.
Peloton Q3 results showed improvements as Peloton adjusted its FY25 outlook and said sales have rebounded.
Puma reports a decline in Q1 profit, sales flat and guidance unchanged, but there is no forecast for the impact of tariffs.
“Over the longer-term, I think we have a plan to move out of China in certain aspects of our business,” CEO David Maher said.
The Brazilian footwear group reported a 19.5 percent increase in Q1 net income to 106.1 million Brazilian reais (€16.5m).