Qualcomm Partners with Manchester United,
and Johnson Outdoors Reports Q3 Results
#Nadal
to Miss Montreal Open Due to Abdominal Injury and Sales Triple for Women’s
Soccer Gear Following European Championship
Vancouver, Kelowna, Delta, BC, August 5, 2022 Investorideas.com, a global investor news source issues today’s
edition of Play by Play covering what’s new in sports and esports
headlines plus recent news from publicly traded companies..
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Qualcomm (NasdaqGS:QCOM) has become an official partner of Manchester
United (NYSE:MANU) having announced a multi-year
global strategic collaboration today. This partnership will see Qualcomm’s
Snapdragon platform leveraged to “create unique events and experiences for
Manchester United fans at Old Trafford and around the world,” according to the
press release. Victoria Timpson, CEO Alliances and Partnerships at Manchester
United, said:
"Snapdragon platforms will enable ground-breaking
experiences for fans across the globe, deepening their engagement with the
football club they love.
Manchester United has always pushed boundaries of
what’s possible and we are excited to be partnering with a company at the
forefront of innovation."
Johnson Outdoors
Inc. (NasdaqGS:JOUT) has announced its fiscal third quarter results.
According to the press release, the company’s operating profit was $23.8
million for Q3 2022, down from $38.1 million in the third quarter of 2021.
Also, the company’s net sales in the third quarter dropped five percent to
$203.8 million, down from the prior year’s record-high third quarter. These
declines are largely attributed to ongoing supply chain interruptions. Helen
Johnson-Leipold, Chairman and CEO, said:
“Markets are starting to moderate versus the
unprecedented past two seasons that were driven by the pandemic. Our orders
remain strong, and we’re working hard to fill them as supply comes in. Managing
ongoing global supply chain challenges, particularly in our Fishing business,
remains our chief focus as we prioritize maximizing product build and shipments
to customers. The power of our innovation and the strength of our brands
continue to position Johnson Outdoors for long-term marketplace success.”
Nadal
to Miss Montreal Open Due to Abdominal Injury and Sales Triple for Women’s
Soccer Gear Following European Championship
The Associated Press reports that Spanish tennis
star Rafael Nadal has withdrawn from the hard-court tournament in Montreal
today due to an abdominal injury. That same injury caused Nadal to miss the
semi-finals of the Gentlemen's Singles at Wimbledon in July this year as well.
He said in a statement:
“I have been practicing for a while now without serving
and started with serves four days ago. Everything has been going well. However,
yesterday, after my normal practice, I felt a slight bother on my abdominal and
today it was still there. After speaking with my doctor, we prefer to take
things in a conservative way and give a few more days before starting to
compete.”
Reuters reports that the weekly sales of
women’s soccer (football) gear have tripled since the start of the women's
European Championship that ended on Sunday and saw a “historic” win for
England. A senior England team had not won a championship since the men’s team
won the World Cup in 1966. Jack Boyle, Fanatics' global co-head of
direct-to-consumer sales, told Reuters:
"More women's merchandise was sold in just four
hours following the final whistle than in the seven days leading up to the
final.”
Regarding the
women's sports apparel market, Boyle added:
“It could be worth four or five times what it is today,
but I hate to put a cap on it because I think it's unlimited. I think we're in
the right place to capitalise on the momentum.”
Sam Mowers, Investorideas.com
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