The company Inc. reported a loss on a 17.2 percent decline in sales in the first quarter but said results were above its internal plan and it’s gaining traction on its turnaround plan.
Author: SGB Media
Allbirds Inc. Sees First Quarter Revenues Drop 28 Percent
Allbirds, Inc. posted a loss in the first quarter as sales skidded 27.6 percent; however, the manufacturer of eco-footwear reported revenues were in line and adjusted earnings above guidance and cited progress with its restructuring efforts. Allbirds reiterated its outlook for 2024.
Vista Outdoor’s Quarterly Sales Slide as Ammunition Declines Offsets Outdoor Gains
Vista Outdoor reported adjusted EBITDA decreased 7.5 percent in the fiscal fourth quarter ended March 31 as sales declined 6.4 percent. The Revelyst outdoor segment returned to organic growth for the first time in nine quarters but the Kinetic ammunition business saw a double-digit drop.
EXEC: Wolverine Worldwide CEO Outlines Transformation Progress To-Date
The company is beginning to see sequential improvement in its selling trends and that is said providing a level of confidence that the developed strategies and tactics are beginning to gain traction.
Dick’s Official Sporting Goods Retail Partner of the Boston Celtics and Red Sox
Dick’s will also be the presenting partner of each franchise’s youth initiatives, including the Boston Red Sox’s Kid Nation and the Boston Celtics’ Junior Celtics Academy All Girls Showcases.
Delta Apparel Posts Steep Q2 Loss On Production Curtailment
Delta Apparel reported a net loss of $36.3 million in the fiscal second quarter ended March 30 due to significant production curtailments in the Delta Group segment. Sales were down 28.5 percent.
24 Hour Fitness to Modernize Clubs in California
The company will make a multi-million dollar investment in refreshing its clubs with new equipment, remodeling facilities and collaborating with local artist, Chris DeLorenzo, to create murals for its clubs across the Bay Area.
Bogs Continues Sharp Wholesale Decline in Q1; Retail E-Commerce Grows
The Bogs brand reportedly experienced the largest decrease in the Wholesale segment, with sales down 48 percent for the quarter, as retailers reduced orders due to surplus products in the outdoor footwear market.
KOA’s Annual Study Explores Rising Demand for Outdoor Travel
The study shows that in the last decade, the number of camping households increased by 23 percent, and active camping households surged by 68 percent. Camper demographics also became younger and more diverse.
NRF Monthly Import Cargo To Reach 2 Million TEU Through Early Fall
“We haven’t seen numbers this high for this many months in almost two years.” —NRF Vice President Jonathan Gold
Delta Galil Appoints New CFO
Lilach Payorski assumes the role of CFO at the end of July. She will succeed Asaf Alperovitz, who has been the company’s CFO since 2019. He will stay on through July to ensure a smooth transition.
Adidas x KoRun to Release Second Collab
Drawing on the band members’ preference for wearing three-stripe Adidas tracksuits, the collection includes a green sequined track top, matching pants with co-branded detailing, additional apparel pieces and custom takes on the Adidas Campus 2.
Candace Parker Appointed President of Adidas Women’s Basketball
Parker steps into the role following her retirement from the WNBA and marking a sixteen-year partnership with Adidas during her pro basketball career.
Mission Appoints CEO and CFO
Jocelyn Thornton, who formerly led Dearfoams, was hired as CEO and Deborah Klemm as its new chief financial officer.
MasterCraft Boat Cuts Outlook as Sales Fall 43 Percent, Retail Sees Turmoil to Start the Year
Consolidated net sales are now expected to be between $360 million and $365 million, with Adjusted EBITDA between $28 million and $30 million. Mastercraft had previously narrowed its guidance range, calling for net sales between $400 million and $412 million and Adjusted EBITDA between $42 million and $47 million.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal