News Topics
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November 2, 2023
Peloton reports wider-than-expected loss, ‘bad news’ on paid subscriptions
Peloton’s sales during its fiscal first quarter were higher than expected but its losses underperformed Wall Street’s expectations. The connected fitness company, known for its pricey Bike and Bike+, is struggling to convert new users into paid subscribers. For its holiday quarter, Peloton is expecting revenue of between $715 million...
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November 2, 2023
Kaitlin Armstrong Day 2: Testimony surrounds gathering evidence at murder scene
Prosecutors will call more witnesses Thursday in the murder trial for Kaitlin Armstrong, who’s accused of shooting and killing pro cyclist Anna Moriah “Mo” Wilson in May 2022. kxan
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November 2, 2023
Brain tissue may be fuel for marathon runners
Marathon runners appear to rely on myelin, the fatty tissue bundled around nerve fibers, for energy during a race, scientists report October 10 in a paper posted at bioRxiv.org. In the day or two following a marathon, this tissue seems to dwindle drastically, brain scans of runners reveal. Two weeks...
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November 1, 2023
New research suggests even 22-minute runs can help you live longer
Running for less than 30 minutes a day may not be enough to help you win a marathon, but that doesn’t mean it’s not beneficial to your health. Recent research suggests engaging in just 22 minutes of moderate to vigorous physical activity (such as easy running) can help counterbalance the...
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November 1, 2023
Vista Outdoor Reports Second Quarter FY24 Financial Results
Vista Outdoor Inc. reported financial results for the second quarter of Fiscal Year 2024 (FY24), which ended on September 24, 2023. Sales decreased $105 million to $677 million, down 13 percent, driven by lower shipments across nearly all categories in the Sporting Products segment. Gross profit declined 21 percent to $209...
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November 1, 2023
Garmin Lifts Outlook On Q3 Beat
Garmin, Ltd. raised its guidance for the year as third-quarter results topped expectations. Among segments, fitness sales grew 26 and Outdoor advanced 7 percent while Marine declined 7 percent. Highlights for the third quarter 2023 include: Consolidated revenue of $1.28 billion, a 12 increase compared to the prior year quarter...
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November 1, 2023
Brooks Running Eyes Return to Double-Digit Growth In 2024
Brooks Running’s global revenue grew 5 percent in the first nine months of 2023, with North America revenue increasing 7 percent. The Seattle, WA-based running brand, owned by Berkshire Hathaway, reported it remains the leading running footwear brand across U.S. retail and forecasted a return to double-digit growth in 2024....
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November 1, 2023
Day one of the Kaitlin Armstrong murder trial wraps up
The murder trial for Kaitlin Armstrong began Wednesday at 9 a.m. Armstrong is accused of shooting and killing up-and-coming professional cyclist Anna Moriah “Mo” Wilson in May 2022. Even though cameras are not allowed inside during testimony, KXAN’s Brianna Hollis will be inside the courtroom and will update this story...
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November 1, 2023
How Brooks Plans to Achieve Double-Digit Growth in 2024 As the Running Market Heats Up
While other running brands such as Hoka and On have been generating big buzz, Brooks continues to show solid gains. As of the third quarter, Brooks’ global revenue grew 5 percent year-to-date, with North America revenues increasing 7 percent. Internationally, Brooks’ revenue increased 22 percent in France and the United...
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October 31, 2023
Aston Martin Enters The High-End Cycling World With Its All-New .1R Bike
Aston Martin joins the two-wheel world with help from J.Laverack. Luxury meets innovation as Aston Martin joins forces with J.Laverack to launch the J.Laverack x Aston Martin .1R, showcased as the pinnacle of bespoke bicycles. This collaboration is a fusion of automotive high-performance design and cycling craftsmanship, resulting in a...
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