Author: Eric Smith

Coronavirus Slams The Brakes On Winnebago’s Momentum

Coronavirus Slams The Brakes On Winnebago’s Momentum

Winnebago Industries Inc. began its fiscal third quarter on March 1 with high hopes and enough momentum to fuel a fleet of motorhomes. But like it has for many companies, the coronavirus knocked Winnebago off course. On the fiscal Q2 earnings call with analysts, CEO Mike Happe explained the difficult decision to shutter operations just as spring and the prime RV season kicks off. (Read More)

March 24 Coronavirus Notebook: New Impacts To Business

March 24 Coronavirus Notebook: New Impacts To Business

Fallout from the coronavirus pandemic continues to rankle the active-lifestyle marketplace. Most retailers have temporarily closed their doors. Sports leagues show no signs of resuming play. And now the Summer Olympics has been postponed until 2021. The ripple effect of the coronavirus (COVID-19) is reaching new pockets of the U.S. economy and will linger for months to come. (Read More)

Why Hibbett Has Decided To Keep Stores Open

Why Hibbett Has Decided To Keep Stores Open

The coronavirus has forced many retailers to temporarily close their doors, but Birmingham, AL-based Hibbett Sports Inc. believes its locations are better positioned than big-box competitors and isn’t issuing a companywide shutdown. Hibbett CEO Mike Longo spoke on the fourth-quarter earnings call Friday morning—his first since being named to the top post last December—about the company’s resiliency amid this current crisis. (Read More)

Vail Resorts CEO Talks Coronavirus, Snowfall, Lift Lines, M&A

Vail Resorts CEO Talks Coronavirus, Snowfall, Lift Lines, M&A

Vail Resorts on Monday withdrew its fiscal 2020 guidance because it’s not yet sure how badly the coronavirus outbreak will sag its financial performance. The company plans to provide an update next week, but right now Vail plans to keep all its resorts open as scheduled, according to CEO Rob Katz, who addressed this issue and others on the fiscal second-quarter earnings call. (Read More)

Conversation With Bjorn Fjellstad Of Sweet Protection

Conversation With Bjorn Fjellstad Of Sweet Protection

Bjorn Fjellstad, managing director of the Norwegian apparel and protective gear maker Sweet Protection, is working to build momentum across the globe but especially in the U.S., which represents the brand’s biggest growth opportunity. He spoke with SGB Executive about Sweet Protection’s sharpened focus on this market, including the launch of a new category. (Read More)

Fox Factory’s Bike Sales Soar In Q4

Fox Factory’s Bike Sales Soar In Q4

Fox Factory Holding Corp. shares were up in the mid-single digits Wednesday morning after reporting an earnings and revenue beat for the fourth quarter driven by strength across all categories, including the company’s Specialty Sports Group. That segment includes Fox Factory’s bike component brands—Fox, Marzocchi, Easton cycling and RaceFace. (Read More)

February M&A Roundup: BSN Sports, CGPR And More

February M&A Roundup: BSN Sports, CGPR And More

BSN Sports dominated last month’s M&A activity. The Dallas, TX-based team sports apparel and equipment distributor announced a trio of acquisitions in February, bringing the company’s 2020 total to four. Also, the boutique outdoor and active lifestyle public relations firm CGPR found a new home with a larger agency in a deal that provides synergies for both. (Read More)

Pin It on Pinterest

Share This