Author: Eric Smith

Difficult Firearms Comp Hinders Sportsman’s Warehouse’s Q1

Difficult Firearms Comp Hinders Sportsman’s Warehouse’s Q1

Sportsman’s Warehouse Holdings Inc. clearly benefited from competitors such as Dick’s Sporting Goods dropping out of the firearms business last year following the school shooting in Parkland, FL. But the ensuing boom also created—as expected—some difficult comps for the Midvale, UT-based retailer, which on Thursday reduced its outlook for the year after results in the first quarter ended May 4 missed analysts’ revenue and earnings estimates. (Read More)

Hibbett’s Digital Efforts Gaining Traction

Hibbett’s Digital Efforts Gaining Traction

For a company that admittedly was “late to the ballgame” with implementing all the digital capabilities a retailer should offer its customers in today's competitive landscape, Hibbett Sports Inc. has certainly made up for lost time. And the company showcased some of its recent digital advances during a stellar first quarter that topped revenue and earnings expectations. (Read More)

Foul Weather, Late Tax Refunds Stymie Shoe Carnival’s Q1 Comps

Foul Weather, Late Tax Refunds Stymie Shoe Carnival’s Q1 Comps

Inclement weather and a delay in the issuance of tax refunds resulted in Shoe Carnival Inc.’s same-store sales declining in the high-single digits in February, according to company executives. March and April showed improvement, combining for a 3.6 percent increase, but they weren’t enough to overcome the quarter’s slow start as Q1 comps for the company fell 0.2 percent while Wall Street had projected a 1.6 percent gain. (Read More)

Baseball Bat Sales Soar In 2018 After Key Rule Change

Baseball Bat Sales Soar In 2018 After Key Rule Change

A baseball bat rule change that USA Baseball issued in 2015 and which organizations such as Little League International adopted in January of last year helped manufacturers’ sales of bats surge 18.9 percent in 2018, according to recent wholesale data compiled by the Sports & Fitness Industry Association. The SFIA 2019 Manufacturers’ Sales Report showed that the overall sports and fitness products industry grew 2.3 percent in 2018 to $92.3 billion. (Read More)

Coleman Distribution Loss Drives Down Newell’s Q1 Performance

Coleman Distribution Loss Drives Down Newell’s Q1 Performance

Outdoor equipment brand Coleman lost distribution at a key U.S. retailer, for coolers in particular, which was a key driver in parent company Newell Brands’ poor first-quarter performance that saw a 6.4 percent revenue decline in its Home & Outdoor Living segment. However, the company is “about to lap that distribution loss” by the end of Q2. (Read More)

April M&A Roundup: BSN Grows Again, Volcom Gets Liberated

April M&A Roundup: BSN Grows Again, Volcom Gets Liberated

BSN Sports has become a fixture in SGB Executive’s monthly roundup of M&A activity, and April saw the nation’s largest direct marketer and distributor of sporting goods to the school and league markets grow yet again with the addition of two more assets. In a busy month for deals in the active lifestyle market, surf, skate and snow brand Volcom found a new owner. (Read More)

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