OrthoLite, a leader in insole technology, announced the hiring of Rob Falken as vice president of global innovation.
Author: SGB Media
Technogym Signs On As The Official Supplier To Support Lima 2019 Pan American Games
Technogym has been selected to create the training center for the Pan Am Games in Lima.
Nike And Jordan To Outfit Basketball Africa League
The Basketball Africa League (BAL) announced Nike and Jordan Brand will be the exclusive outfitter of the new professional league featuring 12 club teams from across Africa and scheduled to begin play in March 2020.
True Sports Acquires Accra Golf Shafts
True Sports, parent company of True Temper, the leading golf shaft manufacturer in the world, announced the acquisition of Accra Golf Shafts and its parent company Premium Golf Management Co. (PGMC).
SquadLocker Launches Single-Unit Custom Gear And Uniform Delivery Service
SquadLocker, a maker of customized custom team gear, introduced SquadLocker MVP. a new service promising to ensure availability of the most popular team gear and uniforms, faster delivery, and no-hassle return policy.
Sturm, Ruger’s Q2 Revenues Drop 25 Percent
Sturm, Ruger & Company Inc. reported sales in the second quarter slumped 25 percent to $96.3 million from $128.4 million. Earnings fell 58.9 percent to $6.2 million, or 35 cents a share, from $15.2 million, or 86 cents, a year ago.
HanesBrands’ Q2 Boosted By Double-Digit Activewear Growth
HanesBrands delivered strong Q2 results at the high end of guidance for net sales, operating profit and EPS. Total sales were up 3 percent, led by gains of more than 50 percent at the Champion brand.
Yeti Q2 Earnings Improve On DTC Momentum
Yeti Inc. reported earnings on an adjusted basis increased 23 percent in the second quarter ended June 29 on a 12 percent revenue gain. Direct-to-consumer (DTC) sales jumped 43 percent while wholesale revenues were flat. The company slightly raised its EPS guidance for the year.
Tacx Acquisition Helps Garmin Rev Up Fitness Segment
The acquisition of indoor bike training manufacturer Tacx is boosting Garmin Ltd.’s top line and gross margins. The evidence arrived in the second quarter—the period in which the Tacx deal was completed—as the brand’s sales helped pad Garmin’s growing fitness segment.
Fitbit Lowers Revenue Guidance For Year
Fitbit Inc. reduced its loss in the second quarter as sales improved 4.8 percent but reduced its overall revenue guidance for the year due to soft Versa Lite sales.
Retail Same Store Sales Growth Propels Boot Barn’s Q1
Boot Barn Holdings Inc. on Wednesday announced net sales for the fiscal first quarter ended June 29 increased 14.7 percent to $185.8 million. Same store sales increased 9.4 percent, including an increase in retail store same store sales of 11.1 percent and an increase in e-commerce sales of 0.9 percent.
Fox Factory Raises Guidance After Record Quarter
Fox Factory Holding Corp. on Wednesday raised its guidance for the fiscal year of 2019 after reporting sales for the second quarter ended June 28 of $192.1 million, up 22.5 percent from $156.8 million in the same period last fiscal year.
Direct Segment Drags Nautilus’ Second Quarter
Nautilus Inc. on Wednesday reported revenue for the second quarter ended June 30 totaled $59 million, a decrease of 21.8 percent compared to $75.5 million in the same quarter of 2018. The decrease in net sales was largely driven by shortfalls in the direct segment, down 40.2 percent from the prior-year quarter.
Compass Diversified Holdings Q2 Revenue Dips
Compass Diversified Holdings Inc. (CODI) on Wednesday reported net sales for the quarter ended June 30 of $336.1 million, down from $340 million for the prior-year quarter. The June 30, 2018, net sales do not include Ravin net sales prior to CODI’s ownership.
Delta Apparel’s Q3 Boosted By DTG2Go And Salt Life
Delta Apparel Inc. reported earnings improved 6.5 percent in the fiscal third quarter ended June 29 as sales advanced 6.3 percent. The sales gains were led by the DTG2Go digital print business and the Salt Life lifestyle brand.
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