Shares of Vista Outdoor Inc. jumped 11.7 percent Thursday following the company’s upbeat earnings report that included its first quarter of positive organic revenue growth since extensive transformation efforts began in 2018. Though the company’s stock dipped Friday morning, the accomplishments of the previous quarter provided a much-welcomed boost for the Anoka, MN-based company.
Author: SGB Media
Aisle Talk Week Of February 3
Top headlines from across the active lifestyle industry featured in SGB during the week of February 3, 2020.
Canada Goose Slashes Outlook On Coronavirus Fallout
Canada Goose cut its full-year forecast for sales and profit after reporting that the coronavirus is “having a material negative impact” on results. Sales are now expected to expand in the range of 13.8 percent to 15.0 percent in its year ended March 31, compared to at least 20 percent growth previously.
HanesBrands Q4 Adjusted Earnings Expands 13 Percent
HanesBrands, the parent of Champion, announced record operating cash flow for the fourth-quarter and full-year 2019 and strong diluted earnings per share growth.
Descente’s Sales Sink 8 Percent In Nine Months
Descente reported sales in the nine months ended December 31 slipped 8.0 percent to ¥92.9 billion ($845 mm).
Vans Opens First Community-Driven Retail Store In Downtown Los Angeles
Vans opened its first community-driven retail and event space in Downtown Los Angeles. The 11,500 sq. ft. space pays homage to Los Angeles’ skateboarding roots and art community.
Columbia Sportswear’s Q4 Impacted By Promotional Climate
Columbia Sportswear reported net earnings dipped 2 percent in the fourth quarter against adjusted year-ago results but still exceeded Wall Street’s consensus target. Revenues expanded 4 percent. Tim Boyle, CEO, said in a statement, “A challenging retail environment, particularly in outerwear, impacted sell-through performance and led to higher levels of promotional activity.”
Mayweather Boxing + Fitness Announce 135 Locations Signed In First 18 Months
Mayweather Boxing + Fitness, the group fitness and boxing experience created by World Champion boxer, Floyd Mayweather —signed 135 franchise locations within 18 months of rolling out the franchise program.
Alterra Mountain Company Announces Partnership With TripHero
TripHero today announced its partnership with Alterra Mountain Company. Designed to elevate the guest experience at nine Alterra Mountain Company destinations.
Skechers’ Q4 Revenues Jump 23 Percent
Skechers USA Inc. reported net earnings rose 25.5 percent in the fourth quarter on a 23.1 percent revenue gain. Sales topped guidance and earnings arrived at the high end of guidance.
OIA Names Lise Aangeenbrug Executive Director
Outdoor Industry Association (OIA) on Thursday announced Lise Aangeenbrug as its new executive director. She replaces Amy Roberts, who left OIA last fall to join The North Face.
Firearms Background Checks Expand 19 Percent In January
Firearms background checks, as adjusted by the NSSF, reached 1.17 million in January against 988,160 in January 2019, a gain of 18.6 percent.
Coros Wearables Adds Des Linden As Amassador
Coros Wearables Inc., makers of GPS watches, introduced six new road runners to its pro athlete team. led by two-time Olympian and 2018 Boston Marathon Champion Des Linden.
The Buckle’s January Comps Expand 7.4 percent
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended February 1, 2020 increased 7.4 percent.
Peloton Still Targeting 2023 For Profitability
Peloton Interactive Inc. continues to measure success a little differently than most companies beholden to shareholders. Although the company widened its loss in Q2, profitability is a journey for Peloton, which estimates that the company will hit the coveted aspiration of being “adjusted-EBITDA profitable by 2023,” said CFO Jill Woodworth.
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