Titleist Parent Posts Strong Q3 Results Despite Footjoy Decline
Acushnet Holdings Corp. reported third quarter net sales of $558.2 million, up 7.0 percent year over year, or up 13.5 percent in constant currency.
The Buckle’s October Comps Inch Up
The Buckle, Inc. reported that comparable store net sales for the 4-week period ended October 29, 2022 increased 1.4 percent from comparable store net sales for the 4-week period ended October 30, 2021.
OR Show, Surf Expo Parent Sees Q3 Revenues Decline 18 Percent
Emerald Holding, Inc. reported a sales decline of 18.4 percent due to the shift in the timing of events in the current year versus the year-ago period.
Gildan Activewear’s Q3 Revenues Advance 6 Percent
Gildan Activewear, Inc. reported that adjusted earnings per share rose 5 percent in the third quarter ended October 2 year over year. Sales advanced 6 percent as a 13 percent increase in activewear sales offset a 26 percent decline in the hosiery and underwear category.
Under Armour Slightly Lowers Full Year Outlook
Under Armour Inc. slightly reduced its EPS and sales guidance for the year despite reporting fiscal second-quarter results that were in line with company expectations and just ahead of Wall Street targets.
Vista Outdoor Cuts Outlook On Weakness In Outdoor Products Segment
Vista Outdoor Inc. became the latest firm in the active lifestyle space to reduce its guidance for its fiscal year due to the macroeconomic challenges with sales particularly weakening in its Outdoor Products segment. Second-quarter results came in line with recently updated guidance.
GOA Reports YTD Sales Growth Of 8.2 percent
Grassroots Outdoor Alliance (GOA) announced that based on topline revenue data provided by its retail members, GOA group sales numbers were up 8.2 percent year-to-date over 2021, which was a record-setting year for the group.
Vittoria Industries To Move North America Headquarters To Bentonville
Vittoria Industries North America is moving its headquarters from Oklahoma City to Bentonville, AK taking space in the Ledger, a new six-story building downtown, providing employees with a bike-friendly facility. The move is expected to take place in December 2022.
Canada Goose Lowers Outlook Despite Q2 Exceeding Expectations
Canada Goose Holdings Inc. reported results for the second quarter ended October 2 that easily topped analyst estimates but the company reduced its outlook for the year due to weakness in China as well as the uncertain global macroeconomic climate.
Big 5’s Q3 Earnings Arrive Near Top Of Guidance
Big 5 Sporting Goods Corp., as expected, reported sales and earnings in the third quarter came in below year-ago levels, but earnings arrived at the higher end of guidance, and sales exceeded pre-pandemic 2019 levels. Fourth-quarter same-store sales are projected to decrease in the high single-digit to low double-digit range.
US Sports Camps Hires SVP Tennis & Pickleball
US Sports Camps (USSC), the official provider of Nike Sports Camps, announced the addition of Mike Nakajima as the new senior VP of tennis/pickleball. He was formerly Nike’s tennis sports marketing director.
VF’s Debt Ratings Downgraded By S&P
S&P Global Ratings lowered its debt ratings on VF Corp. as the company’s credit metrics are expected to remain pressured with leverage above 3x in fiscal 2023 due to elevated debt levels. The downgrade follows a similar move by Moody’s in mid-October.
Academy Sports Opens Store In Houston
Academy Sports + Outdoors opened a store in Meyerland, TX, its 33rd store in the Houston area, and its 107th store in Texas.
REI Names VP, Financial Planning And Analysis
REI Co-op hired Patrick Fell as vice president, financial planning and analysis, effective November 7. Most recently, he was vice president of finance at StockX.
Pou Sheng Issues Profit Warning
Pou Sheng, the retail subsidiary of Yue Yuen, forecasted a decline in year-over-year net profits due to weak consumer sentiment in China associated with COVID-19 lockdowns and lower store traffic in cities where it operates.
