Featured Story

The Concessionaire Up There: Sodexo Acquires Centerplate From Olympus For $675M

Published in SportsBusiness Daily on 11 / 15 / 17

Sodexo today announced it has acquired Centerplate for $675M from Olympus Partners, resulting in a merger of two long-standing sports concessionaires. Centerplate President & CEO Chris Verros will lead the combined business in the U.S. For Paris-based Sodexo, the deal boosts its sports portfolio...

Read More

Tags: Finance, Centerplate

More Stories

ESPN Again Weighs On Disney Financials

ESPN again "weighed down the earnings" of Disney as the net "continued to grapple with sweeping changes in the media business," according to Miller & Battaglio of the L.A. TIMES. Overall, it was a "weak" Q4 for Disney, which reported net income of $1.75B, down 1% from last year. Revenue also dec ...

Tags: Finance, Walt Disney

Adidas Continues Growth In North America

Adidas reported another "strong quarter of growth in China and North America as it takes market share from rivals such as Nike, but its shares dipped as growth slowed in Europe and it stuck to its full-year outlook," according to Emma Thomasson of REUTERS. Some investors had "predicted that Adi ...

Tags: Adidas, Finance

Lachlan Murdoch Still Bullish On Fox' Future

Fox co-Chair Lachlan Murdoch said that the company is "equipped to stay the course in a changing media landscape" despite reports of a possible sale of the company's movie and TV studios to Disney , according to Stephen Battaglio of the L.A. TIMES. Murdoch said, "Let me be very clear -- Fox does ha ...

Tags: Finance, Fox

Sources: Fox Could Sell Many Assets To Disney

Fox has been "holding talks to sell most of the company" to Disney, "leaving behind a media company tightly focused on news and sports," according to sources cited by David Faber of CNBC.com. The talks have taken place over the last few weeks and there is "no certainty they will lead to a deal." The ...

Tags: Fox, Walt Disney, Finance

Under Armour To Stop Making Wearable Tech

Under Armour following its Q3 earnings report yesterday said that it is "implementing several changes, including stopping making wearable fitness trackers and instead focusing on improving software through its suite of apps," according to Sara Germano of the WALL STREET JOURNAL. A UA spokesperson ...

Tags: Finance, Under Armour

Under Armour Trims Full-Year Fiscal Outlook

Under Armour "swung to a profit" in Q3 after two consecutive quarters of losses, but its income was "still sharply lower than a year ago as sales of sports apparel decreased and the brand struggled with weak U.S. demand," according to Lorraine Mirabella of the Baltimore SUN. UA said that it was ...

Tags: Finance, Under Armour

Brooks Running CEO Discusses "Reinvented" Category

Brooks Running CEO Jim Weber said his company has "returned to double digit growth for the first time" since '14 after he realized the category "needed to be reinvented." Weber, appearing yesterday on CNBC’s “Squawk Box," said the running category "got boring" and runners are "eager to f ...

Tags: Finance

Callaway Posts Better-Than-Expected Q3 Results

Callaway Golf posted "better-than-expected financial results" during Q3, according to Mike Freeman of the SAN DIEGO UNION-TRIBUNE. Callaway benefited from a 21% increase in club sales, a 20% "gain in golf ball purchases" and a 72% "rise in gear and accessories sales." The accessories gains were ...

Tags: Finance, Callaway Golf

Nike Increases Focus On Digital, Direct Sales

Nike said that it will "change how it works with retailers over the coming years, focusing on just a few dozen of them as it works through a challenging market for sportswear makers," according to Sara Germano of the WALL STREET JOURNAL. In presentations to investors yesterday, Nike execs "emphasize ...

Tags: Finance, Nike

SMI Admission Revenues Down For Q3

SMI's Q3 earnings were not as upbeat as ISC’s earlier this month, as admissions revenue for the quarter was off 7%. SMI’s report was a busy one, as it included four Monster Energy Series races, four Xfinity Series races and three Camping World Truck Series, plus a Verizon IndyCar Series ...

Tags: Finance, Speedway Motorsports Inc.

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug