Author: James Hartford

PUMA Sees Q2 Profits Jump Nearly 49%; Backlog Up 21.9%

July 27, 2004 SGB Update

PUMA reported that second quarter consolidated sales increased by 17.1% to €352.3 million ($424.3 mm). The Apparel segment realized the strongest growth of 26.3% to €98.7 million ($118.9 mm). Footwear was up 13.3% to €229.0 million ($275.8 mm) and Accesso

Davis Sentenced in JFF Case; Ruttenberg Postponed

July 27, 2004 SGB Update

Steven C. Davis, a former executive of Just for Feet, Inc., was sentenced Tuesday to 2 months home detention, 24 months probation and ordered to pay a fine of $5,000.00 in the ongoing Just for Feet fraud investigation. On April 22, 2004 Davis had entered

Huffy Notified of NYSE Non-Compliance

July 26, 2004 SGB Update

Huffy Corporation has received official notice from the New York Stock Exchange indicating that the Corporation has fallen below the Exchange's continued listing criteria as outlined in the NYSE Listed Company Manual. Huffy is now required to respon

Gravis Expands Management Team

July 26, 2004 SGB Update

Gravis Footwear announced key additions to its leadership team, with Gravis GM Brian Moore announcing that Anne-Marie Dacyshyn was promoted to Director of Product Marketing, Jason Heffron appointed as Director of Marketing Communications, and Gregg Duffy

ASICS First Half Sales Up 9.5%; Increases Market Share

July 22, 2004 SGB Update

ASICS America Corporation reported that sales for the first half of 2004 were $111.1 million, an increase of 9.5% over 2003. The company continues its focus on running, the largest segment of the athletic footwear industry, showing footwear sales increasi

Skechers Posts Q2 Profits; Beats Analysts’ Estimates

July 22, 2004 SGB Update

Skechers USA, Inc. reported that net sales for the second quarter of 2004 rose 2.4% to $234.7 million compared to $229.3 million in the second quarter of 2003. Net earnings for the quarter were $8.3 million, or 21 cents per diluted share, versus a net los

Timberland Q2 Net Up 36% on Strong Apparel Performance

July 22, 2004 SGB Update

The Timberland Company reported second quarter net income of $7.9 million and diluted EPS of 22 cents per share, compared net income of $5.8 million and diluted EPS of 16 cents per share in the year-ago period. U.S. revenues grew 7.6% and International r

Dick’s SG Re-Affirms Second Quarter Outlook

July 22, 2004 SGB Update

Dick's Sporting Goods, Inc. has reacted to a number of negative reports from other sporting goods retailers this week and re-affirmed its outlook previously provided for the second fiscal quarter of 2004…

JFF’s Gilburne Gets Probation in Ad Charge Fraud Case

July 22, 2004 SGB Update

Adam Gilburne, the former president of Just for Feet stores, was sentenced by Chief United States District Judge U.W. Clemon to 60 months probation, $1,000.00 fine, and $389,000.00 in restitution. This sentencing follows his May 2004 guilty plea to one co

Callaway Beats Q2 Estimates Despite Net Income Plunge

July 22, 2004 SGB Update

Callaway Golf Company announced its financial results for the quarter ended June 30, 2004, reporting consolidated net sales increased 23.0% to $297.9 million, including $2.0 million in net sales from the company's newly acquired subsidiary, FrogTrade

Big 5 Q2 Comps Up 3.9%; Re-Affirms Earnings Guidance

July 22, 2004 SGB Update

Big 5 Sporting Goods confirmed previously announced earnings guidance of 34 cents to 36 cents per share for its fiscal Q2 and reported that net sales for the period ended June 27, 2004 increased 8.5% to $184.5 million from $170.1 million in the year-ago p

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