Author: Eric Smith

Avenatti Motion Punches Back At Nike, But Will It Land?

Avenatti Motion Punches Back At Nike, But Will It Land?

Legitimate claim that Nike Inc. made illegal payments to high school hoops stars, or malicious attempt by desperate lawyer to clear his name of wrongdoing? That’s the question at the heart of the motion that attorneys for Michael Avenatti filed in federal court Wednesday to dismiss his recent indictment. SGB breaks down the latest in this ongoing saga, which includes accusations of payments to such stars as Zion Williamson. (Read More)

Canada Goose Widens Loss But Also Expands Product Focus

Canada Goose Widens Loss But Also Expands Product Focus

Shares of Canada Goose Holdings Inc. didn’t take quite the nosedive Wednesday they suffered in May after the previous quarter’s softer profit outlook, but the company’s Q1 2020 performance—most notably margin decline and a widened loss—once again took a toll on its stock. CEO Dani Reiss shed some light on the reasons why in addition to what's on the horizon for the brand. (Read More)

Tariff Delay Full Of Sound And Fury, Signifying Nothing

Tariff Delay Full Of Sound And Fury, Signifying Nothing

Some apparel and footwear brands, along with a host of electronics companies, will see tariff hikes on their Chinese imports delayed until December 15 as President Trump hopes to keep the economy from tanking during the holidays. But the trade war rolls on with U.S businesses and consumers—including those in the sporting goods and outdoor industries—suffering the most. (Read More)

Jack Wolfskin Delivers For Callaway In Q2

Jack Wolfskin Delivers For Callaway In Q2

Callaway Golf Co.’s $476 million acquisition of Jack Wolfskin, which was announced last fall and completed in January, raised plenty of eyebrows across the business world. But this newest asset paid off for Callaway in Q2 by delivering $48 million in sales, helping the company not only post a revenue beat in the period but also raise guidance for 2019. (Read More)

Vista Outdoor Charts A New Course

Vista Outdoor Charts A New Course

Vista Outdoor Inc. CEO Chris Metz on Thursday cited a host of “challenging” headwinds that led to the company’s disappointing fiscal first-quarter performance. However, he also spent a lot of time on this week’s earnings call with analysts detailing how the executive team plans to revamp and revitalize the beleaguered Anoka, MN-based company and its brands, including CamelBak. (Read More)

Sierra Bullets’ Softness Offsets Black Diamond’s Momentum

Sierra Bullets’ Softness Offsets Black Diamond’s Momentum

Shares of Clarus Corp. closed the day down $1.87, or 14 percent, to $11.50 after the company on Monday said a sales decline at Sierra Bullets offset continued momentum at Black Diamond Equipment, resulting in a second-quarter revenue beat but an earnings miss. President John Walbrecht explains the countervailing winds that inversely affected the company's portfolio. (Read More)

Emerald Execs Talk Outdoor Retailer

Emerald Execs Talk Outdoor Retailer

Emerald Expositions Events Inc. continues to beat the drum about Outdoor Retailer's three-show cycle, which still has its doubters. During Thursday’s earnings call with analysts to discuss the company’s overall performance for the second quarter, Emerald’s recently appointed President and CEO Sally Shankland and CFO Phil Evans provided some color around the “cadence” of Outdoor Retailer. (Read More)

RV Industry Hits Some Bumps In The Road

RV Industry Hits Some Bumps In The Road

The recreational vehicle industry has hit several speed bumps lately: RV shipments were down double digits last month and some of the industry’s leading companies have seen earnings and shares take a hit from market softness. Also, the Recreational Vehicle Industry Association (RVIA) announced layoffs after scrapping its new trade show platform and it continues to look for a new president after Frank Hugelmeyer resigned. (Read More)

Behind Columbia Sportswear’s ‘Shift’ Toward Footwear

Behind Columbia Sportswear’s ‘Shift’ Toward Footwear

Columbia Sportswear Co.’s second-quarter earnings report was filled with facts and figures showing how strength throughout its portfolio, balance across its channels and continued margin improvement due to its Project Connect initiative drove record revenue and an earnings beat. But Tim Boyle, the company’s president and CEO, was even more excited about what’s coming in the second half of the year—an unprecedented focus on footwear. (Read More)

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