Moody’s raised the debt ratings of Bass Pro Group LLC. The rating agency said Bass Pro has been resilient through the coronavirus pandemic as it reported positive sales momentum continuing through the third quarter following the initial temporary store closures at the onset of the outbreak.
Author: SGB Media
Inside The Call: Peloton Continues To Battle Lengthy Delivery Times
Peloton Interactive reported another quarter of explosive growth amid the booming at-home fitness trend during the pandemic with revenues running up 233 percent in its first quarter ended September 30; however, fulfillment bottlenecks and shipping delays continue to frustrate efforts to catch up to demand.
Inside The Call: Canada Goose Beats Fiscal Q2 Estimates On E-commerce, China Growth
Canada Goose Holdings Inc. beat Wall Street expectations for the fiscal second quarter ended September 27, posting a profit on lower revenues in the period. GOOS shares were up nearly 7 percent on Thursday after the company pointed to strength in China and the e-commerce business.
Inside The Call: Yeti Posts Strong Q3 But Light Inventory Could Hinder Early 2021 Efforts
Yeti Holdings Inc. became the latest billion-dollar brand in the third quarter, crossing $1 billion in net sales for the trailing 12-month period ended September 26 as the company posted strong double-digit growth with balanced contributions from Drinkware, Cooler & Equipment.
Aisle Talk Week Of November 2, 2020
The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of November 2, 2020, covered in the SGB Updates and delivered to your inbox every business day.
Acushnet’s Q3 Revenues Expand 15 Percent
Acushnet Holdings Corp., the parent of Titleist, reported earnings more than doubled in the third quarter as sales grew 15.1 percent.
Dorel Sports’ Q3 Revenues Climb 22 Percent
Dorel Industries reported revenues at Dorel Sports reached $305.6 million in the third quarter, an increase of 22.1 percent year-over-year.
Pelican Products Appoints VP, Finance
Pelican Products, Inc. appointed Brad Antoine as vice president of financial planning and analysis.
Asics Lifts Outlook On Improved Q3
Asics reported net sales in the first nine months of 2020 slumped 13.3 percent to ¥248,206 million due to the impact of the spread of COVID-19. However, the Japanese sporting goods company lifted its outlook for the year as third-quarter results showed improvement.
SportChek’s Q3 Same-Store Sales Dip
Canadian Tire Corp. reported SportChek’s comparable sales growth declined 1.4 in the third quarter. On a constant-currency basis, Helly Hansen’s revenue decreased 0.9 percent.
GoPro’s Q3 Revenues More Than Double
GoPro announced a return to profitability in the third quarter ended September 30 as sales year-over-year jumped 114 percent.
Selk’bag Introduces 100 Percent Recycled, Wearable Sleeping Bag
Selk’bag, announced the launch of its latest design, a fully recycled, wearable sleeping bag it calls the Nomad. Available mid-November on its website and through select REI stores, the sleeping bag offers freedom of movement with comfort. “After a decade in business, the Nomad is our first 100 percent recycled style, and it’s a major […]
Peloton’s Q1 Sales Surge 232 Percent
Peloton Interactive Inc. reported total revenue grew 232 percent in the first quarter ended September 30 to $757.9 million, exceeding Wall Street’s consensus target of $748.1 million. The company lifted its sales outlook for the full fiscal year but again warned of supply chain constraints.
BSN Sports Partners With The Scout Hub In Conjunction With Under Armour
BSN Sports announced a partnership with The Scout Hub in conjunction with its brand partner, Under Armour. Through this partnership, baseball and softball organizations that use The Scout Hub will receive team apparel, equipment discounts and dedicated products serviced by BSN.
Planet Fitness’ Q3 Revenues Drop 37 Percent
Planet Fitness Inc. reported a loss in the third quarter ended September 30 as sales dropped 36.8 percent.
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