Having participated in the cornhole market for over a decade, Escalade recognizes the strength of the AllCornhole brand and its strong connection to cornhole enthusiasts. The acquisition presents a significant opportunity to further expand Escalade's presence in the tournament-level cornhole market. AllCornhole complements Escalade's Victory Tailgate brand and partnership with American Cornhole League (ACL) and enables the company to provide cornhole equipment for players at every level—from beginners and b ...

With U.S. stock futures trading mixed this morning on Friday, some of the stocks that may grab investor focus today are as follows:Wall Street expects Johnson Outdoors Inc. (NASDAQ:JOUT) to report a quarterly loss of 68 cents per share on revenue of $117.24 million before the opening bell, according to data from Benzinga Pro. Johnson Outdoors shares rose 1.2% to $43.50 in after-hours trading.Costco Wholesale Corp. (NASDAQ:COST) reported better-than-expected financial results for the first quarter of fiscal ...

Core Insights - Academy Sports and Outdoors (ASO) shares have shown modest performance over the past year, with a gain of approximately 5% [1] - The company reported stronger Q3 earnings results, which positively impacted investor sentiment [1] Company Performance - ASO's Q3 earnings results were stronger than expected, contributing to a positive outlook for the company [1] Market Reaction - The announcement of the Q3 earnings results led to a favorable response from investors, indicating confidence in the company's future performance [1]

The major U.S. stock indexes moved in starkly opposite directions in early trading on Thursday, with the Dow moving sharply higher and the Nasdaq showing a significant pullback.While the Nasdaq climbed well off its worst levels of the day, the tech-heavy index still closed down 60 points or 0.3 percent at 23,594.Meanwhile, the S&P 500 rose 14 points or 0.2 percent to 6,901 and the Dow jumped 646 points or 1.3 percent to a new record closing high of 48,704.01.The surge by the Dow partly reflected a sharp in ...

Key Takeaways NKE saw running grow more than 20% in Q1 2026, though performance remained uneven across the portfolio.Running franchises and stronger wholesale trends helped stabilize results as Sportswear stayed soft.China revenues fell 10% and digital dropped 27%, adding pressure as NKE works to rebuild momentum.NIKE Inc’s. (NKE) first-quarter fiscal 2026 results show progress in rebuilding momentum, though performance remains uneven across the portfolio. Running was the standout, growing more than 20% as ...

Core Viewpoint - Puma's shares have surged following reports that Anta Sports Products is exploring a potential takeover of the German sports company, indicating strong interest from Asian firms in acquiring Puma [2][3]. Company Overview - Puma has been refocusing its activities on key sports categories, particularly soccer, under the leadership of new CEO Arthur Hoeld [10]. - The company has faced challenges in generating consumer enthusiasm for its product ranges in recent years [10]. Market Activity - Puma's shares increased nearly 15% in early Frankfurt trading, although they remain down over 50% year-to-date [3]. - The market value of Puma prior to the takeover rumors was approximately $2.9 billion [5]. Potential Bidders - Anta Sports, which has a market capitalization of around $31 billion and owns brands like Fila and Jack Wolfskin, is reportedly working with an adviser to evaluate a bid for Puma [3][8]. - Other potential bidders include Chinese rival Li Ning Co. and Japan's Asics Corp. [3]. Financial Context - Anta's previous acquisition of Amer Sports for $5.2 billion in 2019 demonstrates its capability to finance large transactions [4]. - Anta's strong cash position and free cash flow generation suggest it can manage the financial aspects of a potential acquisition [8]. Strategic Implications - Acquiring Puma would allow Anta to expand its footprint in competitive markets like North America and EMEA [7]. - Anta's strategy involves buying scale while preserving brand autonomy, as seen in its handling of Fila China and Amer Sports [8]. Future Outlook - Puma aims to return to growth by 2027 and re-establish itself as a top three sports brand globally, which includes plans to cut 900 jobs and sharpen its focus on running, soccer, and training [11].

Welcome back. Let's get to a mad dash with Jim. Let's cover one of the earnings movers this morning.We mentioned Dick Sporting Goods at the top of the show. Let's dig in a little bit. I mean, Jim, I'm looking at the fact that they raised their 25 guidance for comparable sales growth to a range of 3 and a half to 4% up from 2 to 3 and 1/2%.Why am I seeing the stock down. >> It's so interesting you say that because as soon as the numbers came out, I said, "Oh, dick should be up seven, eight bucks." David, it' ...

Core Insights - Amer Sports, Inc. reported stronger-than-expected third-quarter results, driven by strong performance in outdoor brands and effective cost management [1] - The company raised its 2025 GAAP earnings guidance to a range of 88 to 92 cents per share, exceeding analyst expectations [2] - Despite positive results, there are concerns regarding brand challenges in China and a cautious outlook for future performance [1][5] Financial Performance - The third-quarter adjusted earnings per share were 33 cents, surpassing the analyst consensus estimate of 25 cents [1] - Revenue exceeded forecasts, particularly in the Outdoor Performance segment, with notable contributions from the Salomon brand [3] - Comparable sales for the Arc'teryx brand increased by approximately 27% [3] Guidance and Outlook - The company raised its full-year 2025 revenue growth and EPS guidance, with initial 2026 revenue expectations positioned at the high end of long-term growth targets [4] - Analyst Brooke Roach noted that the fourth-quarter sales and EPS guidance appears modestly below current consensus [5] - Commentary during the upcoming conference call is expected to be critical for stock direction, especially regarding trends for Arc'teryx and performance in China [6] Market Reaction - Following the announcement, Amer Sports shares increased by 7.93%, reaching $33.19 [6]

Core Insights - Amer Sports reported a strong third quarter, with revenue soaring 30% and significant growth across all operating segments, leading to a 10% increase in stock price [1][5] - The company has raised its guidance for sales and profitability, now expecting at least 23% sales growth and improvements in gross and operating margins [3][4] - Popular brands like Salomon and Arc'teryx are driving sales and profitability, appealing to both professional athletes and outdoor enthusiasts [4][7] Financial Performance - Revenue increased by 30% in Q3, exceeding sales and margin expectations across all three operating segments [5] - The company has raised its revenue growth forecast to at least 20% for the year, with management now boosting this guidance further [3][4] - Earnings per share (EPS) have also seen a meaningful increase alongside the raised guidance for gross and operating margins [4] Market Reaction - Following the strong quarterly results, investors responded positively, driving Amer Sports' stock price up by as much as 10% [1] - After a previous decline of over 20% in stock price over the last three months, there has been a notable rebound as investors buy back in [5][7]

Core Insights - The Global Wellness Economy is projected to grow from $6.3 trillion to $9 trillion by 2028, indicating a significant trend towards health and wellness as a status symbol [1][10] - The running movement has evolved from solitary jogging in the 1970s to a social, digital, and data-driven activity, attracting diverse participants and leading to commercialization [2][3] Industry Trends - Technology is a key driver in the running boom, with brands like Garmin and Whoop gaining popularity for their advanced features such as AI coaching and recovery scores [2] - The use of activity-tracking apps has surged, with Strava reporting 135 million users in 2024, up from 120 million the previous year, and expanding through acquisitions to create a comprehensive training ecosystem [3] Social Dynamics - The modern running culture is increasingly social, with a 59% rise in running club participation and a notable number of Gen Z users meeting potential partners through fitness activities [6] - Creative initiatives like the "Friday Night Lights Run Club" are redefining social running experiences, blending fitness with entertainment [7] Market Competition - Traditional sportswear brands like Nike are losing market share due to a lack of innovation, with their global sports footwear market share declining from 28.8% in 2021 to 26.3% in 2024 [9] - Despite challenges, Nike's Q1 2026 earnings per share reached $0.49, exceeding forecasts by 81.48%, highlighting potential for recovery through strategic partnerships and athlete endorsements [9]