Johnson Outdoors Inc. reported earnings slipped 7.1 percent in the third quarter ended June 28 due to higher operating expenses and lower margins tied to tariffs. Revenues grew 3 percent.
Author: SGB Media
Columbia’s Tim Boyle Speaks Out Against Tariffs
In a statement, Tim Boyle, president and CEO of Columbia Sportswear Co., decried President Trump’s plans for a new 10 percent tariff on $300 billion of Chinese imports. He said in part, “We’ve been fortunate to have a strong economy for the past decade. Let’s not tank the economy with the misguided conception that trade wars are fun.”
Ventum Announces Series A Funding
Ventum, maker of performance racing bicycles and the Official Global Bike Partner of Ironman, announced that it has raised a round of funding and that it is moving to Heber City, UT.
Winchester’s Q2 Sales Dip In Q2
Olin Corp. reported Winchester sales for the second quarter 2019 were $164.9 million compared to $165.9 million in the second quarter 2018.
Augusta Sportswear Acquires Pacific Headwear
Augusta Sportswear, a leader in sports apparel, uniforms and accessories, announced that it has acquired Pacific Headwear, a privately held company based in Coburg, OR. The terms of the agreement were not announced.
GoPro Misses On Q2 Earnings & Revenue
GoPro Inc. on Thursday reported revenue for the second quarter of $292 million, up 3 percent from the year-ago quarter and ahead of analysts’ estimates by $9.9 million. The company reported non-GAAP net income of $4 million, or 3 cents per share, up $25 million year-over-year but shy of Wall Street estimates by 1 cent.
Trump Says U.S. Will Impose 10 Percent Tariffs On Another $300 Billion Of Chinese Goods
Industry and retail trade organizations reacted quickly to criticize President Trump’s plans for a new 10 percent tariff on $300 billion of Chinese imports, taking effect on Sept. 1, 2019. These tariffs will target “List 4” products – products including footwear and apparel that have not previously been subject to tariff increases.
Strong Q2 Again Proves Yeti Much More Than Expensive Coolers
The second quarter was an ideal period for Yeti Holdings Inc. to prove once again it offers much more than expensive coolers. During the period, Yeti launched new products and executed on strategic initiatives as the company’s earnings on an adjusted basis increased 23 percent on a 12 percent revenue gain.
Can Nautilus Inc.’s New CEO Right The Ship?
Monday was Jim Barr’s first day as Nautilus Inc.’s new CEO. Three days later, he hosted the company’s earnings call to discuss a lackluster second quarter in which the Vancouver, WA-based exercise equipment manufacturer missed both EPS and revenue expectations. Turning around the company’s fortunes is why Barr was brought on board, so can he deliver?
Delta Apparel’s Q3 Tops Expectations As Salt Life’s Growth Takes Off
Profits at Delta Apparel Inc. rose 6.5 percent in third quarter ended June 29, boosted by improved profitability in both its Delta Group and Salt Life Group segments and accelerated top-line growth overall. Among brands, sales grew 18 percent at Salt Life and 3 percent at Soffe. Activewear sales were relatively flat.
Gildan Activewear Returns To Growth In Q2
Gildan Activewear Inc. reported earnings on an adjusted basis grew 3.1 percent in the second quarter as sales increasd 5 percent. The guidance was reaffirmed for the year.
Birkenstock Opens Second Company-Owned Retail Store In The U.S.
Birkenstock Americas announced that it has opened its second company-owned retail store in the United States. The location is in Venice Beach, CA.
Outdoor Retailer Summer Market Revenue ‘Flat’
Emerald Expositions Events Inc.’s second quarter benefited from Outdoor Retailer Summer Market’s calendar shift into June from July, but revenue for the show was “flat,” the company said Thursday.
Dick’s Launches DSG Brand
Dick’s Sporting Goods announced the launch of DSG, its newest athletic gear and apparel line that offers athletes an expanded assortment of styles and sizes for women, men and youth.
HanesBrands Submits Data For 2019 CDP Climate Change Report
HanesBrands has voluntarily disclosed its carbon emissions and related information for the CDP 2019 Climate Change Report for the 10th year. The disclosure shows progress toward the company’s 2020 goals for use of renewable energy, total energy use and carbon emissions.
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