Author: Eric Smith

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)

Military Sales A Mixed Bag For Rocky Brands In 2019

Military Sales A Mixed Bag For Rocky Brands In 2019

Military sales boosted Rocky Brands Inc.’s second-quarter revenue thanks to a timely purchase agreement from the Defense Logistics Agency and some accelerated shipments that were pulled forward because of a Department of Defense contract ending early. But while both of those events helped the company post a revenue beat for Q2, the military segment could be a drag on third-quarter performance before picking up again, executives said. (Read More)

Checking In On VF Corp.’s Denver Relocation

Checking In On VF Corp.’s Denver Relocation

While VF Corp. executives spent most of Wednesday morning’s earnings call discussing the company’s impressive first quarter, including standout performances from Vans and The North Face, recent transformation efforts were also on the agenda. And now that the spinoff of Kontoor Brands is complete, VF’s focus is squarely on its ongoing and massive relocation to Denver. (Read More)

Drew Saunders, Oberalp Set New Course As Company Evolves

Drew Saunders, Oberalp Set New Course As Company Evolves

SGB recently sat down with Drew Saunders, country manager for Boulder, CO-based Salewa North America—the U.S./Canadian headquarters for Oberalp Group and its four brands (Salewa, Dynafit, Pomoca and Wild Country)—to discuss Oberalp’s goal for its latest portfolio addition, Evolv, as well as other changes happening at the company. Here's what he shared. (Read More)

Vail Goes Big With Peak Resorts Acquisition

Vail Goes Big With Peak Resorts Acquisition

Vail Resorts Inc., the Broomfield, CO-based ski resort and real estate behemoth, grew even bigger Monday morning with the (estimated) $264 million acquisition of Wildwood, MO-based Peak Resorts Inc. The purchase adds 17 ski areas to Vail’s already massive portfolio and dwarfs recent deals taking place in the rapidly evolving ski industry. Here’s what we know about the deal now. (Read More)

Thule Unveils Global Rollout Plans For Tepui

Thule Unveils Global Rollout Plans For Tepui

Thule Group AB’s $9.5 million acquisition of rooftop tent maker Tepui Outdoors Inc. last December gave the Swedish company quick entry into the booming category of overlanding without the time and energy needed to expand organically. Now that the integration is complete, Thule this week shed some additional light on the company’s global plans for its newest asset. (Read More)

Conversation With Hibbett’s Outgoing CEO Jeff Rosenthal

Conversation With Hibbett’s Outgoing CEO Jeff Rosenthal

Hibbett Sports Inc. CEO Jeff Rosenthal in March announced he would retire from the Birmingham, AL-based company’s top post later this year as soon as his replacement was on board. He recently spoke with SGB Executive about his "tough" decision to leave Hibbett, the legacy he’s leaving and what’s needed for a retailer to survive in today’s changing landscape. (Read More)

Pin It on Pinterest

Share This