Latest news with #ANTA
New York Post
14-05-2025
- Sport
- New York Post
ANTA elevates PG7 technology with 'Cushion Evolution' global relay run kickoff
PG7 is the groundbreaking midsole technology launched by global sportswear brand ANTA in 2024, which set a new cushioning benchmark with a Peak Gravity (PG) value of 7.8. Peak Gravity, for anyone unfamiliar with the term, is how industry experts measure cushion performance. The lower the PG value, the better the cushioning performance. Since the start of the new year, ANTA has pushed the physical limits even further by reducing PG value to 7.6, redefining impact absorption to deliver greater cushioning, enhanced comfort, and superior stability for performance footwear. 'PG7 Cushion Evolution' Global Relay Run Hits 12 Global Cities With the release of the upgraded Travel Step 2 running shoes featuring PG7 midsole technology, ANTA launched the global relay run 'PG7 CUSHION EVOLUTION,' bringing its breakthrough technology to runners in cities including Shanghai, Addis Ababa, Hanoi, Dubai, Kuala Lumpur, Bangkok, Manila, San Francisco, Chicago, Boston, New York, and Los Angeles. Advertisement Shanghai Courtesy of ANTA Boston Courtesy of ANTA Brooklyn Courtesy of ANTA Chicago Courtesy of ANTA Advertisement The relay kicked off in Shanghai on April 12, when runners witnessed two engaging and intuitive live experiments demonstrating PG7's impact-absorbing capabilities. In one demonstration, raw eggs dropped from 3 feet remained intact on PG7 material while raw eggs dropped from the same height cracked on standard EVA foam. In another, a smartphone screen wrapped in PG7 material withstood repeated blows from a 30-pound hammer. The 'PG7 Cushion Evolution' relay moved onto Chicago, San Francisco and other iconic running cities throughout April. In Boston, during the prestigious Boston Marathon, ANTA welcomed global runners to experience the PG7 cushioning and ANTA Challenge Series professional racing shoes. The momentum continued in Brooklyn, NY, where ANTA partnered with the Midnight Runners club to host an open community run, bridging cultures through a shared passion for running. Upgraded PG7 Tech & Travel Step 2: Greater Cushioning, Wider Fit, Better Grip A seemingly small drop from 7.8 to 7.6 results in a significant improvement in cushioning performance. The upgraded PG7 midsole disperses impact more efficiently and delivers even more exceptional energy return. Featuring an enhanced 'wide toe box' design, the shoes offer a more comfortable fit for a wider range of foot shapes. An improved A-Grip rubber outsole delivers better traction with a wider profile, while the asymmetric 3D-structured heel stabilizer improves landing stability through ergonomic support. Advertisement Courtesy of ANTA Wherever a runner's stride can reach, ANTA aspires to go. 'Our goal with PG7 is simple: Put the right shoe on every runner's feet,' says Samuel Tsui, CEO of ANTA Brand. Samuel Tsui Courtesy of ANTA PG7 connects runners to the ground they traverse. From its inception to its upgrade, PG7 reflects ANTA's commitment to making high-performance technology accessible to everyday runners and inspiring exploration beyond limits.
Yahoo
13-05-2025
- Business
- Yahoo
Topgolf Callaway Brands Corp (MODG) Q1 2025 Earnings Call Highlights: Navigating Challenges ...
Consolidated Revenue: $1.09 billion, decreased 5% year-over-year. Adjusted EBITDA: $167 million, increased 4% year-over-year. Topgolf Revenue: Decreased 7% year-over-year. Topgolf Operating Income: Decreased $15 million to a $12 million loss. Topgolf Adjusted EBITDA: Decreased $16 million to $44 million. Golf Equipment Revenue: $444 million, decreased 1% year-over-year. Golf Equipment Operating Income: Increased 24% to $102 million. Active Lifestyle Revenue: Decreased $17 million to $255 million. Active Lifestyle Operating Income: Increased $6 million to $31 million. Net Debt: $2.74 billion, including $258 million in convertible debt. Available Liquidity: $805 million, increased $85 million year-over-year. Inventory Balance: Decreased $49 million to $654 million. Full Year Revenue Guidance: $4.0 billion to $4.185 billion. Full Year Adjusted EBITDA Guidance: $415 million to $505 million. Topgolf Same Venue Sales Guidance: Revised to down 6% to 12%. Topgolf Revenue Guidance: $1.680 billion to $1.790 billion. Topgolf Adjusted EBITDA Guidance: $240 million to $300 million. Warning! GuruFocus has detected 7 Warning Signs with MODG. Release Date: May 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Topgolf Callaway Brands Corp (NYSE:MODG) met or exceeded expectations in all business segments for Q1 2025. The company announced an agreement to sell Jack Wolfskin to ANTA Sports, which will enhance business focus and financial flexibility. Golf Equipment segment saw both revenues and operating margins ahead of expectations, with strong product feedback. Topgolf initiatives like Sunday Funday and Topgolf Nights showed positive results, driving traffic improvements. The company maintained its full-year EBITDA guidance for Topgolf despite economic challenges, indicating confidence in cost management and strategic initiatives. The impact of tariffs is expected to be approximately $25 million, an increase from previous estimates. Topgolf's same venue sales were down approximately 12% for the quarter, with corporate events particularly affected. The Active Lifestyle segment faced challenging market conditions, with revenues down due to lower sales at Jack Wolfskin Europe. Topgolf is perceived as relatively expensive in a slowing consumer environment, which could impact long-term sales. The company revised its Topgolf revenue and same venue sales guidance downward due to economic uncertainty and a slow start to the year. Q: Can you provide an update on the core Golf Equipment business and any changes in the industry backdrop? A: Oliver Brewer, President and CEO, stated that there have been no significant changes in the industry backdrop. The golf consumer remains strong, markets are solid, and the outlook is positive with no material change. Q: Regarding the value reset at Topgolf, how much of the softening is due to macroeconomic factors versus competition? A: Arthur Starrs, CEO of Topgolf, noted that the macroeconomic environment, particularly corporate spending pressure, has impacted the events side. The consumer is price-sensitive, but the immediate positive response to value initiatives like Sunday Funday and Topgolf Nights is encouraging. Q: How do you plan to manage the venue level cost structure at Topgolf, given the near-term margin pressures? A: Arthur Starrs explained that they remain confident in long-term EBITDAR margin growth, targeting over 35%. They are investing in value to acquire customers and improve venue efficiency, with ongoing iterations of their labor model to adapt to changing demand patterns. Q: Could you elaborate on the cost savings initiatives that have allowed you to maintain guidance despite tariffs and reduced Topgolf revenue? A: Oliver Brewer highlighted that proactive cost and efficiency improvements were initiated last year and accelerated this year. These efforts span corporate overhead reductions and operational efficiencies across all business areas. Q: How are you approaching the capital structure for Topgolf in light of the potential spin-off or sale? A: Brian Lynch, CFO, mentioned that they are reassessing the capital structure due to changes in the environment. They now expect to provide less cash and possibly a modest amount of debt to Topgolf, ensuring both companies are well-capitalized post-separation. Q: What is driving the reduction in Topgolf's same venue sales guidance, and what factors could influence hitting the top or bottom end of the guidance range? A: Arthur Starrs attributed the reduction primarily to the events business, with improved traffic trends in the 1- to 2-Bay business. The guidance range reflects current trends, with the lower end influenced by potential further declines in 3+ Bay events. Q: How are you addressing the value proposition for the 3+ Bay events business at Topgolf? A: Arthur Starrs stated that they are offering more flexibility in the direct sales channel to win sales, while maintaining the premium nature of the product. The events business is less sensitive to price and more affected by corporate spending trends. Q: Can you discuss the drivers behind the margin improvement in the Golf Equipment segment? A: Oliver Brewer noted that margin improvement was driven by better gross margins and OpEx reductions. Initiatives to improve yields, freight, and operating efficiency have started to manifest, although tariff impacts will increase throughout the year. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 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Associated Press
12-05-2025
- Business
- Associated Press
ANTA Elevates PG7 Technology with "Cushion Evolution" Global Relay Run Kickoff
XIAMEN, China, May 12, 2025 /PRNewswire/ -- PG7 is the groundbreaking midsole technology launched by global sportswear brand ANTA in 2024, which set a new cushioning benchmark with a Peak Gravity (PG) value of 7.8. Peak Gravity, for anyone unfamiliar with the term, is how industry experts measure cushion performance. The lower the PG value, the better the cushioning performance. Since the start of the new year, ANTA has pushed the physical limits even further by reducing PG value to 7.6, redefining impact absorption to deliver greater cushioning, enhanced comfort, and superior stability for performance footwear. 'PG7 Cushion Evolution' Global Relay Run Hits 12 Global Cities With the release of the upgraded Travel Step 2 running shoes featuring PG7 midsole technology, ANTA launched the global relay run 'PG7 CUSHION EVOLUTION,' bringing its breakthrough technology to runners in cities including Shanghai, Addis Ababa, Hanoi, Dubai, Kuala Lumpur, Bangkok, Manila, San Francisco, Chicago, Boston, New York, and Los Angeles. The relay kicked off in Shanghai on April 12, when runners witnessed two engaging and intuitive live experiments demonstrating PG7's impact-absorbing capabilities. In one demonstration, raw eggs dropped from 3 feet remained intact on PG7 material while raw eggs dropped from the same height cracked on standard EVA foam. In another, a smartphone screen wrapped in PG7 material withstood repeated blows from a 30-pound hammer. The 'PG7 Cushion Evolution' relay moved onto Chicago, San Francisco and other iconic running cities throughout April. In Boston, during the prestigious Boston Marathon, ANTA welcomed global runners to experience the PG7 cushioning and ANTA Challenge Series professional racing shoes. The momentum continued in Brooklyn, NY, where ANTA partnered with the Midnight Runners club to host an open community run, bridging cultures through a shared passion for running. Upgraded PG7 Tech & Travel Step 2: Greater Cushioning, Wider Fit, Better Grip A seemingly small drop from 7.8 to 7.6 results in a significant improvement in cushioning performance. The upgraded PG7 midsole disperses impact more efficiently and delivers even more exceptional energy return. Featuring an enhanced 'wide toe box' design, the shoes offer a more comfortable fit for a wider range of foot shapes. An improved A-Grip rubber outsole delivers better traction with a wider profile, while the asymmetric 3D-structured heel stabilizer improves landing stability through ergonomic support. Wherever a runner's stride can reach, ANTA aspires to go. 'Our goal with PG7 is simple: Put the right shoe on every runner's feet,' says Samuel Tsui, CEO of ANTA Brand. PG7 connects runners to the ground they traverse. From its inception to its upgrade, PG7 reflects ANTA's commitment to making high-performance technology accessible to everyday runners and inspiring exploration beyond limits. For more information, visit: View original content to download multimedia: SOURCE ANTA Group
Yahoo
28-04-2025
- Business
- Yahoo
Xtep-- Market Leader in Global Running Shoe Sales and China's Marathon Event in 2024
XIAMEN, China, April 28, 2025 /PRNewswire/ -- With the increasing popularity of healthy lifestyles and the widespread promotion of fitness, the global athletic footwear and apparel market continues to expand, driven by rising consumer demand for high-performance running products. In 2024, the global running shoe market reached $51.3 billion. The growth of this sector is primarily fueled by the following factors -- rising health awareness and mass adoption of Marathons races. As there is a growing emphasis on health and fitness, it has encouraged more consumers to engage in running, driving demand for professional running shoes, functional sportswear, and related accessories. Furthermore, the increasing participation in marathons and road running events has significantly expanded the market for performance running shoes and running gear, with athletes showing a growing preference for high-performance footwear and smart wearable devices. Among all sportswear brands, Chinese sportswear brands have gained increasing recognition in global markets, transitioning from regional players to internationally competitive brands. With the global rise of Chinese trend culture, overseas consumers have shown growing awareness and demand toward the fashion-forward designs, high value-for-money, and deep cultural elements embedded in Chinese brands. Chinese sports brands have strengthened their global presence through strategic initiatives such as collaborating with international ambassadors, sponsoring major sporting events, and expanding global sales channels. These efforts have significantly enhanced brand influence on the international stage. Meanwhile, leading Chinese sports brands such as Li-Ning, ANTA, and Xtep have ramped up investments in product research and development, technological innovation, and sustainable materials, enabling them to deliver internationally competitive products with superior performance, comfort, and quality. As consumer preferences evolve, a growing number of international buyers are choosing Chinese brands, further solidifying their global market share and accelerating their transition towards premiumization and internationalization. Chinese sports brands have also increased their presence in national marathon events, with domestic running shoes demonstrating growing stability in professional races and significantly higher adoption rates among athletes. Meanwhile, marathon participation has surged across China, with both event numbers and scale expanding in parallel. In 2024, China hosted 749 road races of various levels, attracting over 7.04 million participants, reflecting the growing mass adoption and regional expansion of marathon events in the country. As marathon participation rises, demand for professional running gear continues to escalate, with performance running shoes, moisture-wicking apparel, and GPS smartwatches becoming essential for runners. This trend has not only driven the expansion of the performance running gear market but also fueled continuous advancements in running shoe design and technology. Runners and marathon participants now form a key consumer segment, with their increasing demand serving as a crucial driver of market growth. Sports brands play a pivotal role in marathon sponsorship, with running shoes being highly aligned with marathon event content, making them a natural fit for sports marketing initiatives. The broad exposure and high engagement levels in marathon events provide sports brands with greater visibility and stronger marketing effectiveness. As a result, marathon events have become a critical marketing battleground for sports brands, further strengthening brand recognition and competitiveness in the performance sportswear market. Xtep – The Market Leader in Professional Running Shoes As a well-known domestic sports brand, Xtep has solidified its position in the running shoe sector by making running footwear its core product focus while leveraging extensive exposure through marathon sponsorships. Since initiating its strategic expansion into the running shoes' category in 2007, Xtep has continuously deepened its presence in the running track. After more than a decade of accumulation and refinement, it has established a solid foundation in technology R&D and product innovation, successfully transforming from a mass sportswear brand into a professional running brand. This strategic approach has successfully positioned Xtep as a top choice among consumers in the running shoe market. Designed specifically for running, running shoes play a critical role in ensuring safety and enhancing athletic performance. Through deep insights into runners' needs and continuous optimization of product performance, Xtep has built a solid foundation in running shoe technology and launched professional racing shoes. With lightweight design, advanced carbon plate technology, and exceptional cushioning performance, the shoes have been widely recognized by professional runners and core user groups, becoming their preferred choice for training and competition. Xtep's flagship product, the 160X product series, has consistently garnered global recognition and prestigious running shoe awards for its exceptional performance and advanced technology. Leveraging its product advantages, Xtep achieved outstanding sales performance across all distribution channels in 2024, marking a significant leap in market share and reinforcing its leadership in the industry. In addition, Xtep continues to expand its influence in the running industry through deep engagement in marathon events and the establishment of a comprehensive runner ecosystem. Through years of continuous in-depth communication and interaction with runners, Xtep has gradually built a one-stop professional service system covering product experience, foot shape and gait analysis, scientific training guidance, and post-race recovery. This comprehensive approach not only enhances the end-to-end sports experience for runners but also enables the brand to gain more accurate insights into the real needs of different runner groups, providing ongoing feedback and support for product development and service optimization. Xtep's full-spectrum running shoe portfolio caters to a wide range of running needs—from daily training and competitive racing for professional marathon runners to everyday running for recreational athletes. This comprehensive product lineup meets the diverse usage scenarios of runners at all levels, achieving full market coverage from elite racing to mass participation. Xtep continues to support China's road running events and sponsored a total of 44 marathon races nationwide in 2024. With its expanding market share in recent years, Xtep has emerged as a leading brand in the domestic and international running shoe industry. As a result, Xtep has become one of the most prominent sponsors of marathon events, steadily increasing its market share in the running shoe segment. With its continuous innovation and market expansion, Xtep has firmly established itself as a leading brand in the global running shoe industry. Based on extensive market research, Frost & Sullivan has officially recognized Xtep International Holdings Limited for its outstanding market leadership. Xtep has been awarded the "Global Leading Brand in terms of Sales Volume of Running shoes in 2024" and "Top-Ranked Running Shoe Brand by Wearing Rate in China's Marathons in 2024", affirming its dominant position in both global sales and nationwide marathon participation. View original content to download multimedia: SOURCE Xtep Sign in to access your portfolio
Sport360
27-02-2025
- Entertainment
- Sport360
ANTA & Kyrie Irving unveil KAI 2 'Artist on Court'
ANTA and Kyrie Irving continue to redefine the intersection of art, culture, and athletic excellence with the release of the KAI 2 'Artist on Court' — a striking colorway dynamic in bringing the art of shoes to life. This latest drop is a visual representation of Kyrie's artistry, mirroring his fluidity on the hardwood and his off-court creative spirit. Designed as more than just a sneaker, the KAI 2 'Artist on Court' is a statement—a fusion of heritage, storytelling, and avant-garde aesthetics. At its core, this colorway embodies the 'Know Your Power' philosophy, encouraging wearers to embrace their individuality while staying grounded in their origins. This second line with ANTA marks a significant evolution in both performance footwear and creative storytelling, solidifying ANTA and Kyrie Irving's commitment to innovation and artistic expression. More than just designing shoes, this partnership is about redefining the relationship between sport and creativity—inspiring athletes and artists alike to embrace their individuality. For Kyrie, there is no separation between being an artist and an athlete; every movement on the court is a brushstroke, and each design decision is a chapter in a larger narrative. ANTA empowers him to bring this vision to life, ensuring that the KAI 2 is not just a sneaker but a canvas—an embodiment of his journey, philosophy, and creative evolution. As Chief Creative Officer of ANTA Basketball, Kyrie is leading a movement that goes beyond footwear—it's about creating a legacy. 'The KAI 2 is a culmination of everything I've envisioned—seamlessly merging cutting-edge innovation with futurism to bring my creative evolution to life. From the laces to the look and feel, every detail reflects the most dynamic and expressive shoe I've ever worn. No one's shoes look like this. It's about bringing the art of footwear to life in a way that's never been done before.' – Kyrie Irving Artistic details & Innovative features Hand-Painted Toebox: Inspired by Fauvist brushstrokes, the toebox showcases a bold, free-flowing design, capturing the essence of expressive artistry. Inspired by Fauvist brushstrokes, the toebox showcases a bold, free-flowing design, capturing the essence of expressive artistry. Reimagined ANTA Logo: The side logo incorporates design elements rooted in Native American patterns, a nod to Kyrie's heritage and personal growth. The side logo incorporates design elements rooted in Native American patterns, a nod to Kyrie's heritage and personal growth. Unique Heel Embroidery: Featuring an exclusive stitched interpretation of 'KAI,' the heel represents Kyrie's evolving journey—blending past, present, and future influences. Featuring an exclusive stitched interpretation of 'KAI,' the heel represents Kyrie's evolving journey—blending past, present, and future influences. Textured Velvet Laces: Taking cues from Kyrie's off-court style, the dual-lace system allows wearers to maintain a secure yet customizable fit. Taking cues from Kyrie's off-court style, the dual-lace system allows wearers to maintain a secure yet customizable fit. Speckled Midsole: A tribute to oil painting textures, the mother-of-pearl-infused rear oval and splattered finish mimic handcrafted artistry. A tribute to oil painting textures, the mother-of-pearl-infused rear oval and splattered finish mimic handcrafted artistry. 'GATE' Heel Design: Inspired by Kyrie's journey of self-discovery, the shape of the leather and the embedded lines symbolize a gateway to one's inner power. Beyond aesthetics, the KAI 2 'Artist on Court' is built for peak performance. The NitronEdge insole, inspired by ancient Egyptian architecture, provides elite responsiveness and energy return, while the sawtooth TPU structure offers flexibility for dynamic movements. The hollow outsole structure enhances traction and adaptability, making it an extension of the wearer's natural agility. Release Information The ANTA KAI 2 'Artist on Court' will be available in sizes 8 to 12 and drops on February 28, 2024, at the following locations: ANTA Dubai Hills Mall, UAE ANTA City Center Doha, Ǫatar ANTA Tahilah Street, Riyadh, KSA ANTA City Center Muscat, Oman Sneaker District, Abu Dhabi, UAE For more information, stay tuned to ANTA's official channels: @antasports Limited pairs available, on a first-come-first-served basis only. First few people are in for a surprise gift!
