Author: ericsmith

Emerald CEO: 2019 Snow Show Revenue Down In Mid-Single Digits

Emerald CEO: 2019 Snow Show Revenue Down In Mid-Single Digits

Revenue for the recent Outdoor Retailer Snow Show is expected to be down in the mid-single digits even as the show’s mood and energy were “excellent,” according to Phil Evans, interim president and CEO of Outdoor Retailer parent company Emerald Expositions Events Inc. That was the assessment Evans provided during Thursday morning’s earnings conference call with analysts to discuss Emerald’s fourth-quarter results. (Read More)

Yeti Closes 2018 With ‘Significant Momentum’

Yeti Closes 2018 With ‘Significant Momentum’

One month ago at the ICR Conference in Orlando, FL, the top executives at Yeti Holdings Inc. laid out some ambitious financial goals for 2019 and beyond. And Yeti’s Q4 performance proved it is on the right path. The Austin, TX-based company’s net sales grew 19 percent to $241.2 million and adjusted net income skyrocketed 379 percent to $32 million, or 38 cents per diluted share, both of which beat analysts' estimates. (Read More)

Can ‘Bench Strength’ Bolster REI During Leadership Transition?

Can ‘Bench Strength’ Bolster REI During Leadership Transition?

As SGB Media reported yesterday, the outdoors world got a jolt with the news that Jerry Stritzke, president and CEO of REI Co-op, had resigned after a board-initiated investigation into his admitted “personal and consensual” relationship with “the leader of another organization in the outdoor industry.” But what impact, if any, will this development have on the industry? (Read More)

Vista Outdoor Cuts Guidance Amid Continued Headwinds

Vista Outdoor Cuts Guidance Amid Continued Headwinds

Shares of Vista Outdoor fell $1.58, or 15 percent, to $8.99 on Thursday after the company earlier in the day cut guidance on its third-quarter report of a 20 percent revenue decrease and a $514.6 million loss on a goodwill write-down. The company reported sales of $468 million, shy of Wall Street’s consensus target of $505 million. (Read More)

Callaway Golf Teeing Up Jack Wolfskin Strategy

Callaway Golf Teeing Up Jack Wolfskin Strategy

Solid performance across Callaway Golf Co.’s core golf business led to impressive revenue growth in 2018, and now the company is banking on a new division—Jack Wolfskin, which Callaway just acquired—to become an integral asset. For the full year of 2018, Callaway's net sales increased $194 million, or 19 percent, to $1.2 billion, reflecting increases in each of the company’s operating segments and in each reporting region. (Read More)

SGB Executive Q&A: NASGW Board Chair & Lipsey’s CEO Laurie Aronson

SGB Executive Q&A: NASGW Board Chair & Lipsey’s CEO Laurie Aronson

Laurie Aronson, president and CEO of Baton Rouge, LA-based wholesale firearms distributor Lipsey’s LLC, on January 1 became the first female board chair of the National Association of Sporting Goods Wholesalers (NASGW). She spoke with SGB about what that honor means and her goals for the trade association during the next two years. (Read More)

Crocs Pivots To Growth Mode After Successful Repositioning

Crocs Pivots To Growth Mode After Successful Repositioning

The transformation that Crocs Inc. began a few years ago has included everything from shuttering stores to adjusting its channel strategy to closing its company-owned manufacturing facilities. Those efforts to slash costs have paid off for the Niwot, CO-based footwear maker. After shedding $80 million in SG&A expenses in that timeframe, the company can now focus on the next leg of its journey—growth. (Read More)

Yeti Executives Unpack Ambitious Growth Strategies

Yeti Executives Unpack Ambitious Growth Strategies

The ambitious financial goals that Yeti Holdings Inc.’s top executives laid out at the ICR Conference in Orlando, FL, center on four growth strategies plus a key supply chain move that will have the company no longer manufacturing in China by the end of the year. President and CEO Matt Reintjes and CFO Paul Carbone on Monday outlined the company’s plans for 2019 in a fireside chat hosted by Baird analyst Peter Benedict. (Read More)

Fewer Destination Guests, Other Headwinds Taking Toll On Vail Resorts

Fewer Destination Guests, Other Headwinds Taking Toll On Vail Resorts

Good snowfall to start the 2018/19 ski season was a boon for many resorts across the U.S., with plentiful powder and the opening of terrain and lifts often not accessible until January stoking hopes of an epic performance for the industry. All of which made last week’s news from Broomfield, CO-based Vail Resorts Inc. that much more surprising. (Read More)

Tariffs Hit Helen Of Troy’s Outlook But Company Still Bullish On China

Tariffs Hit Helen Of Troy’s Outlook But Company Still Bullish On China

Declining e-commerce business in China prompted Hydro Flask parent company Helen of Troy Ltd. to reduce its full-year sales outlook. The softness, a result of the ongoing trade war with China, might have dampened an otherwise strong third quarter performance, but it didn’t diminish the company’s long-term view of China as a key marketplace. (Read More)

December M&A Roundup: Marquee Views Dakine As “Billion-Dollar Opportunity”

December M&A Roundup: Marquee Views Dakine As “Billion-Dollar Opportunity”

The final month of 2018 didn’t provide a high volume of M&A in the active lifestyle space, but a handful of notable deals helped the year close on a strong note, including Marquee Brands LLC's acquisition of Dakine (pictured). Terms of the deal weren't disclosed but Marquee sees Dakine as a "billion-dollar opportunity," said Nate Pund of Houlihan Lokey. (Read More)

2018 Year In Review: M&A Goes Outside The Box

2018 Year In Review: M&A Goes Outside The Box

A healthy dose of straightforward mergers and acquisitions occurred in the sporting goods, outdoor and active lifestyle industries in 2018, but a handful of unconventional deals stole the spotlight. Outside-the-box transactions—which garnered much more attention than traditional ones—included a consortium of Chinese investors and a well-known active lifestyle name purchasing Amer Sports (pictured). (Read More)

Nike CEO Mark Parker: Company Focused On Digital Growth, Women’s Market

Nike CEO Mark Parker: Company Focused On Digital Growth, Women’s Market

After Nike Inc. blew past earnings and revenue estimates in the second quarter, CEO Mark Parker had plenty to discuss on Thursday afternoon’s earnings conference call with analysts. Two distinct themes about Nike’s future path emerged in Parker’s comments: continued digital growth and a heightened focus on women’s footwear and apparel business. (Read More)

Winnebago Cruises To Q1 Beat Behind Towables Growth, Acquisition Boost

Winnebago Cruises To Q1 Beat Behind Towables Growth, Acquisition Boost

Revenue growth in the towables portion of Winnebago Industries Inc.’s portfolio plus the boost from the recent Chris-Craft acquisition helped the company cruise past Wall Street’s earnings per share and revenue targets. The Forest City, IA-based recreational vehicle company reported net earnings increased 23.4 percent in the first quarter ended November 24 on a 9.7 percent climb in revenues. (Read More)

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