Author: Eric Smith

Slow Start To New Digital Platform Stymies Nautilus In Q4

Slow Start To New Digital Platform Stymies Nautilus In Q4

Last November, Nautilus Inc. introduced its new digital platform, Max Intelligence, with hopes of driving stronger sales in the company’s direct segment, but slower-than-expected adoption rates contributed to a soft fourth quarter for the company. Nautilus on Monday reported net sales for Q4 of $115.4 million, a 9.7 percent decrease compared to the same quarter of 2017. (Read More)

Conversation With Active Brands North America GM Henrik Lumholdt

Conversation With Active Brands North America GM Henrik Lumholdt

Henrik Lumholdt, general manager, Active Brands North America—whose portfolio includes Kari Traa, Sweet Protection and Daehlie—spoke with SGB Media at the recent Snow Show about Kari Traa's auspicious start during the 2015 show, where the sportswear line goes from here and the growth potential the Norwegian company sees for all its brands in North America. (Read More)

Backcountry Boom: Alpine Touring Business On The Right Track

Backcountry Boom: Alpine Touring Business On The Right Track

For the casual onlooker, noticing an increase in skiers taking the uphill track at a resort or seeing an overcrowded parking area near an out-of-bounds ski trail might provide anecdotal evidence that more people want to “earn their turns.” But the data backs up an industry trend that shows no sign of stopping: The backcountry ski business is booming. (Read More)

Garmin Steps Solidly Into Indoor Training Market With Tacx Acquisition

Garmin Steps Solidly Into Indoor Training Market With Tacx Acquisition

Shares of Garmin Ltd. jumped $12.09, or 17 percent, to $83.06 at market close Wednesday after the company earlier in the day reported fourth-quarter earnings well above Wall Street’s targets, driven in part by 25 percent growth in outdoor. But during the earnings call with analysts, it was Garmin’s recent acquisition of Tacx that caused the most excitement. (Read More)

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)

Columbia Sportswear Sailing Into 2019 With Broad-Based Momentum

Columbia Sportswear Sailing Into 2019 With Broad-Based Momentum

Growth in all channels, all geographies and all brands but one lifted Columbia Sportswear Co. to record revenue for both the fourth quarter and 2018, and the company believes it is riding that momentum to another stellar year. “2018 was a tremendous year for Columbia Sportswear and I'm thrilled to see it end on a high note ... ," said Tim Boyle, Columbia Sportswear’s president and CEO. (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)

Johnson Outdoors’ Shares Rebound Day After Q1 Miss

Johnson Outdoors’ Shares Rebound Day After Q1 Miss

Shares of Johnson Outdoors climbed $1.75, or 3 percent, to $61.02 at market close Tuesday despite its previous day report of a first-quarter earnings and revenue miss. The company’s shares had slid after Monday it reported revenue dropped 10.4 percent to $104.4 million in the first quarter ended December 28, missing analysts’ estimates by $12.4 million. EPS of 35 cents missed expectations by 4 cents. (Read More)

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