Company Overview - BRP Inc is a leader in the powersports industry with a diverse product portfolio that includes Ski-Doo snowmobiles, Sea-Doo watercrafts, and Can-Am off-road vehicles [1] Investment Philosophy - The investment approach focuses on value and deep value, emphasizing a concentrated portfolio in key companies with thorough industry research [1] - The importance of understanding qualitative aspects of a company and tying them into a supportive valuation is highlighted [1] Educational Background - The educational background includes a specialization in Accounting and a minor in Economics from Wilfrid Laurier University in Ontario, Canada [1] - The current pursuit of a CPA designation indicates a commitment to professional development in finance [1] Professional Role - The company operates in a large Financial Services firm in Toronto, Canada, in a non-investment risk-related role [1] Goals and Interests - The goal of writing on Seeking Alpha is to obtain second opinions on investment ideas and inspire readers to think differently about investing [1] - There is an interest in studying past examples of successful and unsuccessful deep value investments to understand effective strategies [1]

Core Insights - Dick's Sporting Goods has announced a $2.4 billion acquisition of Foot Locker, highlighting the strength and strategic relevance of the sports retail industry despite ongoing tariff pressures and fluctuating consumer demand [1] - The acquisition is expected to finalize in the second half of 2025, pending shareholder and regulatory approvals [1] - Nike's exposure to trade disruptions remains significant, with 24% of its suppliers and 15% of its revenue linked to China, and substantial sourcing from Vietnam [2] Group 1: Strategic Implications for Nike - The merger of Dick's and Foot Locker could help Nike mitigate cost pressures, optimize logistics, and maintain pricing power without sacrificing margins [3] - Nike is readjusting its strategy under CEO Elliott Hill, recognizing the importance of strong wholesale distribution amidst changing consumer preferences and macroeconomic challenges [4] - The merger provides Nike with broader omnichannel access and enhanced brand presentation, aligning with its Consumer Direct Acceleration initiative [5] Group 2: Market Outlook and Performance - Nike's current share price is around $63, trading at approximately 21 times anticipated 2025 earnings, which is lower than its three-year average multiple of 30 times [7] - Analysts predict a 16% upside to a target price of $73, but short-term prospects appear challenging, with a forecasted revenue decline in the low-to-mid-teens for the fourth quarter of fiscal year 2025 [7] - The Dick's-Foot Locker merger could provide Nike with a more robust retail partner, but short-term challenges such as tariff risks and DTC weaknesses require a flexible strategy [8]

Core Viewpoint - Flutter Entertainment plc is launching an offering of senior secured notes in multiple currencies to raise a total of $2,800 million, primarily to repay existing debt and cover acquisition-related costs [1][3]. Group 1: Offering Details - The offering includes USD-denominated, EUR-denominated, and GBP-denominated senior secured notes, all due in 2031 [1]. - Flutter is also raising incremental debt under its existing U.S. dollar-denominated term loan B facility [2]. - The total amount targeted for the offering and the incremental facility is $2,800 million [3]. Group 2: Use of Proceeds - Proceeds from the offering will be used to repay all amounts due under a bridge facility, which was partially utilized for the acquisition of Snaitech S.p.A. [3]. - Additional funds will cover certain costs, fees, and expenses related to these transactions [3]. Group 3: Company Overview - Flutter is recognized as the world's leading online sports betting and iGaming operator, holding a significant market position in the US and globally [4]. - The company aims to leverage its scale and competitive advantages to foster long-term growth and promote sustainability through its Positive Impact Plan [4]. - Flutter operates a diverse portfolio of brands, including FanDuel, Sky Betting & Gaming, and PokerStars, among others [5].

21 May 2025 | 1:39AM HKT Anta Sports Products (2020.HK): Positive read from Amer: 1Q beat and guidance raised; solid China momentum continued; Buy Amer Sports (AS, Buy, covered by our US Consumer analyst Brooke Roach) reported 1Q25 adjusted EBITDA (incl. IFRS depreciation) of $299mn, above GS/FactSet consensus at $228mn/$227mn. Revenue grew 23% Y/Y, well above GS/consensus at 16%, with the beat largely driven by strong sales momentum across Arcteryx and Salomon. Adjusted gross margin expanded ~330bps Y/Y to ...

Core Insights - Amer Sports shares surged 18.1% following the release of first-quarter earnings, reflecting strong market performance [1] - The company has transformed from an industrial entity founded in 1950 to a global sports equipment leader, recently going public in early 2024 after being taken private in late 2018 [2] - Amer's revenue increased by 23% to $1.47 billion in the first quarter, with adjusted earnings per share nearly tripling to $0.27, surpassing analyst expectations [3] Financial Performance - The company raised its full-year 2025 guidance to a midpoint revenue growth of 16% and adjusted EPS around $0.70, up from previous guidance of 14% growth and $0.67 [3] - The impressive 23% revenue growth is notable in the current global economic climate, with management indicating the ability to offset tariff impacts through pricing strategies and supply chain adjustments [4] - The recovery of the China segment, which previously struggled, contributed significantly to growth, with a 43% increase last quarter, alongside low double-digit growth in North America and Europe [5] Profitability and Valuation - Amer's transition from near-break-even results a year ago to healthy profitability was aided by reduced interest expenses due to debt repayment from IPO proceeds [6] - The stock currently trades at approximately 50 times this year's earnings guidance, indicating a high valuation, but potential for rapid earnings growth if the company maintains its growth trajectory [6]

Sports.com at Soccerex Amsterdam L to R: Marc Bircham, Tamer Hassan, and Patrick McCreanor, Soccerex FORT WORTH, Texas, May 20, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ: LTRY, LTRYW) (“Lottery.com” or the “Company”), a leading technology company transforming the intersection of gaming, sports and entertainment, is proud to announce its role as Title Sponsor of Soccerex Europe 2025, taking place from May 19–21 at the iconic Johan Cruyff Arena in Amsterdam. As headline sponsor of this globally re ...

Core Insights - Amer Sports, Inc. reported a revenue of $1.47 billion for the quarter ended March 2025, reflecting a year-over-year increase of 24.5% and surpassing the Zacks Consensus Estimate by 6.88% [1] - The company's EPS for the quarter was $0.27, significantly higher than the $0.08 reported in the same quarter last year, resulting in an EPS surprise of 80.00% compared to the consensus estimate of $0.15 [1] Financial Performance - The stock of Amer Sports has shown a return of +44.9% over the past month, outperforming the Zacks S&P 500 composite, which increased by +13.1% [3] - The company currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3] Geographic Revenue Breakdown - EMEA revenue reached $404.90 million, exceeding the estimated $376.04 million, marking a year-over-year increase of +12.8% [4] - Asia Pacific revenue was reported at $156.90 million, surpassing the estimate of $152.72 million, with a significant year-over-year growth of +50.9% [4] - Greater China revenue was $446 million, exceeding the average estimate of $399.35 million, representing a +43.9% increase year-over-year [4] - Americas revenue totaled $464.70 million, above the estimated $440.88 million, reflecting a +13.3% change compared to the previous year [4] Segment Revenue Analysis - Technical Apparel segment revenue was $663.80 million, exceeding the average estimate of $637.72 million, with a year-over-year increase of +30.2% [4] - Outdoor Performance segment revenue reached $502.40 million, surpassing the estimate of $453.74 million, representing a +25.6% change year-over-year [4] - Direct-to-Consumer (DTC) channel revenue was reported at $692.60 million, exceeding the estimate of $626.77 million, with a +41.6% increase compared to the year-ago quarter [4] - Wholesale channel revenue was $779.90 million, above the estimated $751.97 million, reflecting a +12.4% year-over-year change [4] - Ball & Racquet Sports segment revenue was $306.30 million, exceeding the estimate of $287.29 million, with a +12.2% increase year-over-year [4] Adjusted Operating Profit - Adjusted Operating Profit for the Technical Apparel segment was $157.80 million, surpassing the average estimate of $146.17 million [4] - Adjusted Operating Profit for the Ball & Racquet Sports segment was reported at $20.20 million, exceeding the estimate of $14.33 million [4] - Adjusted Operating Profit for the Outdoor Performance segment reached $73.80 million, significantly higher than the average estimate of $27.12 million [4]

Amer Sports (AS) Q1 2025 Earnings Call May 20, 2025 08:00 AM ET Company Participants Omar Saad - Vice President of Finance & Investor RelationsJames Zheng - CEOAndrew Page - Chief Financial OfficerStuart Haselden - CEO of Arc'teryxBrooke Roach - Vice President - Equity ResearchChad Britnell - Equity Research Senior AssociateMichael Binetti - Senior Managing DirectorJay Sole - Managing DirectorPaul Lejuez - Managing Director Conference Call Participants Matt Boss - Equity Research AnalystLaurent Vasilescu - ...

Core Insights - Edible Garden AG Incorporated has launched its Kick. Sports Nutrition product line on Amazon, marking a significant step in its strategy to strengthen its Farm to Formula® positioning and expand into the 'Better for You' consumer products market [1][2] - The global sports nutrition market is projected to grow from $54.8 billion in 2023 to $103.3 billion by 2032, indicating a substantial opportunity for innovation and accessibility in this sector [5] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce, and operates state-of-the-art vertically integrated greenhouses and processing facilities in New Jersey and Michigan [7] - The company has developed a range of products, including plant-based and whey protein powders under the Vitamin Way® and Vitamin Whey® brands, and is committed to sustainability through initiatives like Walmart's Project Gigaton [7] Product Launch Details - The Kick. Sports Nutrition line features clean-label, functional formulas designed for athletes, with an initial offering of plant-based and whey protein powders, and plans for a full range of pre-workout, post-workout, and hydration products [3][4] - The partnership with Pirawna, an e-commerce growth agency, aims to ensure a successful entry into the competitive sports nutrition market by leveraging their expertise in scaling brands on Amazon [4] Market Context - The launch of Kick. Sports Nutrition aligns with rising health awareness and a growing emphasis on fitness and active lifestyles, positioning the company to meet the evolving demands of today's health-conscious consumers [5]

Core Insights - Formula 1 and Disney have announced a collaboration featuring Mickey & Friends, set to launch in 2026, aimed at creating unique experiences, content, and merchandise for fans globally [1][2]. Group 1: Collaboration Details - The partnership leverages both brands' strengths in creativity, entertainment, and innovation to engage fans worldwide through memorable experiences [2]. - Tasia Filippatos, President of Disney Consumer Products, emphasized the collaboration as a unique opportunity to merge two iconic entertainment properties, promising tailored content and experiences for both Disney and F1 fans [3]. - Emily Prazer, Chief Commercial Officer of Formula 1, highlighted the collaboration's alignment with F1's strategy to expand into broader consumer markets, introducing Disney to its 820 million fans globally [3]. Group 2: Audience Engagement - Recent data indicates a significant increase in younger fans for Formula 1, with over four million children aged 8-12 actively following the sport in the EU and US [3]. - Social media engagement shows that 54% of F1 followers on TikTok and 40% on Instagram are under 25 years old, indicating a youthful demographic that the collaboration aims to attract [3]. Group 3: Future Developments - Additional information regarding how fans can engage with Mickey & Friends during their Formula 1 adventure will be shared in the coming months [4]. - Fans are encouraged to follow @mickeymouse and @f1 on social media for updates on the collaboration [4]. Group 4: Company Backgrounds - Disney Consumer Products focuses on integrating beloved brands into daily life through various products and experiences, including toys, apparel, and digital content [4]. - Formula 1, established in 1950, is recognized as the world's most prestigious motor racing competition and is part of Liberty Media Corporation [5].