The revised guidance reflects the lower than expected lift ticket visitation in the spring that was partially mitigated by the company’s focus on its resource efficiency transformation plan and strong cost discipline. It also now includes an estimated $9 million in one-time costs related to the CEO transition announced in late May.
Author: SGB Media
Lululemon Axes FY EPS Guidance Despite Q1 Beat
The company reported earnings and sales exceeded its guidance in the fiscal first quarter ended May 4, but still trimmed its EPS outlook for the year and provided guidance for the second quarter that was well below analysts’ consensus target.
The Buckle’s May Comps Jump on Double-Digit Women’s Growth
Buckle said men’s sales increased 1.0 percent with overall price points on the men’s side of the business up about 2.5 percent. Women’s sales jumped 17.5 percent with overall price points increasing about 4.0 percent.
Nike Promotes Tony Bignell to Chief Innovation Officer
Nike has confirmed reports that Tony Bignell, VP of men’s sport performance footwear, has been promoted to chief innovation officer. He replaces John Hoke who plans to retire in October.
Adidas Gets Debt Upgrade by S&P on Improving Performance
S&P Global Ratings raised its debt ratings on Adidas due to the brand’s stronger-than-expected deleveraging trend, mainly driven by the group’s sustained momentum in its underlying operating performance and cash flow generation improvements versus previous forecasts.
MKS Supply’s Kelly Walton Retires
MKS Supply announced the retirement of Kelly Walton after a 28-year career with the importer and distributor of firearms and accessories, including the Hi-Point and Inland Manufacturing brands.
GoPro, Inc. Adds Two Members to Board of Directors
GoPro, Inc. appointed Mike Dennison, CEO of Fox Factory Holding Corp. and Emily Culp, chief brand and strategy officer of BodyHealth, to its Board of Directors.
Life Time Group Shareholders to Sell 20 Million LTH Shares in Secondary Offering
The operator of athletic country clubs across the U.S. and Canada said shareholders sold 20 million shares of stock in a secondary offering, raising $590 million for selling shareholders. Lifetime did not receive any proceeds from the sale.
KKR-Backed Bay Club Acquires 425 Fitness
The operator of three fitness clubs in the greater Seattle area (Bothell, Redmond and Issaquah), deepens its presence in the Pacific Northwest. The addition also gives Bay Club 27 fitness clubs across California.
Winnebago Sees Fiscal Q3 Falling Short of Analyst Targets
The maker of motorhomes and towables said it expects earnings and sales for the fiscal third quarter ended May 31 to come in below analyst targets due to “worsening consumer sentiment and an increasingly cautious dealer network in the final two months of our fiscal third quarter.”
PVH Corp. Cuts Annual EPS Outlook
The parent of Calvin Klein and Tommy Hilfiger reported a low-single-digit revenue gain in the first quarter and saw adjusted earnings exceed guidance, but earnings guidance for the year was reduced due to broader weakening sales trends.
Lands’ End Maintains FY Guidance as Management Repositions Business, Seeks Buyer
The company posted a low-single-digit increase in Gross Merchandise Value (GMV) for the fiscal first quarter when excluding divested categories that moved to licensees while also reporting a high-single-digit decline in net revenue for the period.
Pelican Intl USA Bumps Prices on Wilderness Systems, Dagger and Perception Products
The company started to adjust pricing on newly produced kayaks, effective June 4, 2025. The price hikes are said to be in response to ongoing economic pressures, including rising operational costs, sourcing challenges, and fluctuating tariffs.
Authentic Brands Group Secures Rockport Brand Distribution Partner for UK and Ireland
Authentic has inked a new partnership with Chapters Brand Group, a leading footwear distributor in the UK and Ireland, to distribute Rockport men’s and women’s footwear across the regions.
Duluth Holdings Widens Q1 Loss, Plans Further Restructuring Moves
The casual apparel and workwear brand widened its loss in the first quarter ended May 4 as sales dropped 12.0 percent. Returning CEO Stephanie Pugliese stated in a media release that she is conducting an “in-depth review” of the organization to simplify its operations, focusing on brand awareness, solution-based products, product innovation, and customer service.
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