News Topics
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May 6, 2020
Peloton Q3 earnings show huge revenue and membership spikes
Peloton bested Wall Street's high expectations, delivering a huge quarterly earnings report Wednesday that showed revenues climbing 66%. The company posted total revenues of $524.6 million for the quarter, besting estimates of $488.5 million. Total members grew from 2.0 million in Q2 to 2.6 million in Q3, a 30% quarter-over-quarter increase....
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May 6, 2020
Fitbit swings to profit in Q1 but misses estimates
Revenue dropped by 31% due to weakness in pricing and devices sold. The company sold 2.2 million devices, down 26% year-over-year, due to the introduction of one new product in the latest quarter compared to three new products last year. The average selling price decreased by 11% year-over-year to $81 per...
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May 6, 2020
Running on empty: Coronavirus has changed the course for races big and small
The race organizations staging running events are having to grapple with postponements and cancellations to a point where they may not be able to ever come back at full strength. Check out this interesting article and stats on ESPN.
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May 5, 2020
Are more people running and biking now?
As gyms and fitness studios stay closed, it seems like more people than ever are walking, running, and biking—especially outside in the places that it’s allowed. Triathlete reached out to a few fitness platforms and looked through some of their reports to find out what kind of activity levels we’re actually...
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May 5, 2020
Ironman Virtual Racing success creates value for sponsors
When the IRONMAN Group launched its Virtual Racing series at the beginning of April, the company sought to foster competition and community for the hundreds of thousands of IRONMAN athletes around the globe. In the weeks after the launch, the platform has proven to be not only a place for participants to stay connected...
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May 4, 2020
World Triathlon approves the COVID-19 Prevention Guidelines for Event Organisers
Read a summary on the ITU website and see the full 28 page report here.
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May 4, 2020
International Triathlon Union forecasting loss of at least $1 million in 2020
The International Triathlon Union (ITU) is expecting a loss of up to $1.4 million in 2020 as a result of the coronavirus crisis, but the organisation will not ask for an advance on its Tokyo 2020 payment from the International Olympic Committee (IOC). Read how much money they typically get...
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May 4, 2020
Gold’s Gym files for Chapter 11 bankruptcy protection amid coronavirus closings
Gold's Gym filed for Chapter 11 bankruptcy protection Monday as the coronavirus pandemic wreaks havoc on the company's business. The bankruptcy is intended to help the company shed leases. Gold’s Gym will has nearly 700 locations, including about 63 company-owned and operated. Read more on USA Today.
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May 4, 2020
Event cancellations plague Emerald’s Q1 performance
Because of numerous event cancellations due to the COVID-19 pandemic, Emerald Holding Inc.—the operator of Outdoor Retailer, Surf Expo and other trade shows—reported revenue for the first quarter declined 27.4 percent to $99.7 million. Read more on SGBMedia.
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May 4, 2020
Nike delivers its first-ever indoor cycling shoe
With people forced to workout indoors to stay in shape, Nike revealed its first-ever shoe specific to indoor cycling: the SuperRep Cycle. Check all the details on Footwear News.
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