Under Armour Posts First Quarterly Loss Since '05 SMI Sees Attendance Revenue Drop In Q1 Everfi Raises $190M Series D Funding Round StubHub Ends Q1 With Gains In Revenue, Sales CAA Expands Presence In China With New Deal SeatGeek Buys Software Company TopTix Blue Star Sports To Announce Acquisitions, Add Staff ISC Q1 Shows Uptick In Overall Revenue Sources: VF Selling Sports Group To Fanatics Angels P Talks Committing Future Earnings To Fantex
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Published October 9, 1997
GOLFWORLD's Steve Pike reports sources say ski industry manufacturer K2 "is interested in buying a golf-equipment company." K2's plans, however, might be on hold because of "slumping" in-line skate sales. The company projects a 42% decline in 3Q earnings and a 9% decline in revenue (GOLFWORLD, 10/3)....MO-based Rawlings Sporting Goods Co. Inc. lost $715,000 last quarter, but reported that profit for its fiscal year was up 3.8% to $5.4M (ST. LOUIS POST- DISPATCH, 10/8)....Tommy Armour Golf CEO Michael Magerman will take a leave of absence, designed to enable him to focus his energies on purchasing Tommy Armour Golf Company from U.S. Industries (Armour Golf).