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More robust performance offerings in basketball and soccer are expected to boost customer acquisition.
Net sales in the first quarter of 2025 increased 21.1 percent to $825.3 million.
https://footwearnews.com/business/earnings/deckers-brands-deck-q1-2025-earnings-1203669416/
The company expects to reach $10 billion in sales by 2026.
Adidas reported better-than-expected preliminary results for the second quarter of 2024.
https://footwearnews.com/business/earnings/adidas-2024-guidance-raise-yeezy-recovery-q2-1203665203/
In May, Dr. Martens outlined a new marketing-centric plan to turn around its U.S. business in fiscal 2025.
https://footwearnews.com/business/earnings/dr-martens-guidance-2025-unchanged-1203663378/
Analysts say it's unclear if Nike will even be able to achieve its revised outlook as it seeks to overcome an innovation lag and increased competition.
https://footwearnews.com/business/earnings/nikes-earnings-analysts-q4-challenges-1203659834/
The company reported Q4 sales results that fell short of expectations.
Market watchers have become increasingly skeptical of Nike’s performance as it continues to lose share in crucial categories like running.
https://footwearnews.com/business/earnings/analysts-nike-preview-q4-earnings-nke-1203655411/
According to Academy CEO Steve Lawrence, the results reflected a consumer "under pressure in the current economic environment."
JD Sports Fashion plans to acquire Hibbett in a deal expected to close in the second half of 2024.