Featured Story

Dick's Sporting Goods Plans To Scale Back Store Openings After Sales Fall Short

Published in SportsBusiness Daily on 05 / 17 / 17

Dick’s Sporting Goods sales at existing stores fell short of forecasts in Q1, and the chain said that it "plans to scale back new store openings," highlighting the "continuing challenges facing sporting-goods retailers,"   according to Sara Germano of the WALL STREET JOURNAL. Dick's ...

Read More

Tags: Finance, Dicks Sporting Goods

More Stories

05/15/17
Sports Betting Startup WinView Adds New Backers

Sports betting startup WinView today announced that it has raised $12M in a "new round of financing" with "prominent new backers" including Monumental Sports & Entertainment Chair Ted Leonsis, Discovery Communications, boutique investment bank LionTree and Graham Holdings, according to Michael d ...

Tags: Finance

05/11/17
Adidas Agrees To Sell TaylorMade For $425M

Adidas has "agreed to sell" TaylorMade Golf to a newly formed affiliate of KPS Capital Partners for $425M, according to Dusek & Lusk of GOLFWEEK. About half of that amount "will be paid in cash, while the remaining portion will be paid in the form of a secured note and contingent considerations. ...

Tags: Finance, Adidas, TaylorMade Golf

05/10/17
ESPN Again The Focus Of Disney Financials

Disney reported an 11% jump in profit in Q2, "boosted by several hit films and growth in its theme parks operation," but the company's "closely watched media networks unit, which includes ESPN, had a tough quarter," according to Daniel Miller of the L.A. TIMES. Operating income fell 3% to $2.2B ...

Tags: Finance, Walt Disney, ESPN

05/08/17
NFL, NFLPA, MLB All Purchase Stake In Fanatics

The NFL, NFLPA and MLB have all "purchased equity stakes" online retailer Fanatics, which has "grown to become one of the largest licensees of each league," according to Terry Lefton in this week's SPORTSBUSINESS JOURNAL. Sources said that NFL owners at their meeting in March "authorized the purcha ...

Tags: Finance

05/08/17
Callaway Boosts Forecast After Strong Q1

Callaway Golf’s shares rose more than 6.5% on Friday after the company "posted better earnings and sales" than analysts expected and "raised its full-year forecast," according to Mike Freeman of the SAN DIEGO UNION-TRIBUNE. Callaway cited the "strength from its new Epic driver and Chrome Soft ...

Tags: Finance, Callaway Golf

05/04/17
Legends Sells Minority Stake To New Mountain

Legends Hospitality has sold a minority interest in the company to New Mountain Capital, a N.Y.-based investment firm. New Mountain manages private and public equity and credits funds valued at $15B, and its long-term strategy is to invest in family-run business such as Legends, according to Legends ...

Tags: Finance

04/27/17
Under Armour Posts First Quarterly Loss Since '05

Under Armour yesterday posted its "first quarterly loss since going public" in '05, as North American sales "slumped in a sluggish retail environment," according to Ryan Sharrow of the BALTIMORE BUSINESS JOURNAL. UA posted a Q1 loss of $2.3M, or 2 cents per share, compared with a profit of $19. ...

Tags: Finance, Under Armour

04/26/17
SMI Sees Attendance Revenue Drop In Q1

SMI saw admission revenue down 4% in Q1, which it attributed to lower overall attendance for its two NASCAR national series weekends. SMI Vice Chair & CFO Bill Brooks reported Atlanta Motor Speedway is up year-over-year in attendance for its sole NASCAR national series weekend, while Las Vegas w ...

Tags: Finance, Speedway Motorsports Inc.

04/26/17
Everfi Raises $190M Series D Funding Round

DC-based digital learning outfit Everfi, which runs digital education programs for the NFL, MLB and NHL as well as numerous individual athletes and coaches, has raised a massive $190M Series D funding round involving private equity firm and CAA owner TPG Capital, The Rise Fund, Main Street Advisors ...

Tags: Finance

04/20/17
StubHub Ends Q1 With Gains In Revenue, Sales

StubHub during its Q1 ended March 31 generated $210M in revenue, up 18% from the comparable period last year, according to earnings released late yesterday by corporate parent eBay. The company also posted $916M in gross sales, up 6%. The gains were fueled in part by the integration of last year&rsq ...

Tags: Finance, StubHub

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug