The Brazilian footwear group reported a 19.5 percent increase in Q1 net income to 106.1 million Brazilian reais (€16.5m).
Four people are involved as Nike continues to make strategic changes to its Senior Leadership Team, and one loyal servant is set to retire.
In Q1, ended March 31, the company reported 4.1 percent operating income growth to $46.5 million.
Operating income for the German brand rose by 82 percent to €610 million from €336 million in the period ended March 31.
Moody’s expected a turnaround strategy to boost UA’s operating margin and earnings in 2026.
Nike keeps swapping people in the company. Jennifer Hartley, a 14-year company veteran, is the latest, and the 15th key person in the last nine months.
The company’s revenues grew by nearly €700 million and reached €6.153 billion in Q1.
Achraf Hakimi joins Under Armour’s expanding list of talented young football athletes across EMEA.
Puma is parting ways with CEO Arne Freundt. These are the reasons.
US tariffs on goods from Vietnam, where much sports manufacturing has moved from China, are more than doubling.
Luxury ski brand Perfect Moment releases a Formula One-inspired ski collection in collaboration with BWT Alpine Formula One Team.
An Aussie returns home. Former Vice President & General Manager of Nike Pacific will work for Rip Curl from now on.
Nike moving with “focus and urgency,” but sets realistic outlook for complete turnaround.
The Chinese group realized a 50.7 percent increase in annual operating profit to shareholders at 16,989-million-yuan renminbi (€2.15b) for the 12 months ended Dec. 31.
Together, Adidas and Inuteq have created a jacket and a vest that double the impact of just wearing a cooling vest.
After eight seasons, Adidas footballs will return to the pitches of the Bundesliga and Bundesliga 2.
Already the partner to Serie A in Italy, Puma will start to deliver matchballs to all Premier League games in 2025/26.
The globe’s largest manufacturer of footwear posted a 47 percent increase in FY24 Ebit to $572.1 million versus $390.2 million for the 12 months ended Dec. 31.
“Making things simpler is the most difficult task we have,” says CEO Bjørn Gulden, but that is not the only challenge Adidas faces.
Adidas and the club will sign a five-year partnership in August to start together in the 2025/26 season.