Vancouver, Kelowna and Delta, BC – August 5, 2022 (Investorideas.com Newswire) 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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#PlaybyPlay Episode 32: Qualcomm Partners with Manchester United, and Johnson Outdoors Reports Q3 Results
Play by Play – the latest sports headlines, esports and sports stock news
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The Associated Press reports that Spanish tennis star Rafael Nadal has withdrawn from the hard-court tournament in Montreal today due to an abdominal injury.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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