Owned by the Czechoslovak Group (CSG), Federal Ammunition was recently awarded contracts to supply several Canadian law enforcement organizations with handguns and rifle ammunition for training and duty purposes.
Author: SGB Media
Rural King Opens New Warren, Ohio Store
With a legacy spanning over six decades, the new family-owned store offers mobile and self-checkouts, and carries outdoor brands including Carhartt, Blackstone, Big Green Egg, Ariat, Under Armour, Black Rifle Coffee Company, Walnut Creek Foods, and Henry Rifles, focusing on serving diverse customer needs.
EXEC: Havaianas Brand Posts Double-Digit Q1 Growth on Robust Brazil Sell-In
Brazil-based Alpargatas reported sales grew 17.5 percent in the first quarter with healthy growth for Havaianas in Brazil and at Rothy’s. On a constant-currency (cc) basis, Havaianas sales in the U.S. were up slightly but declined in Europe and in distributor markets.
EXEC: Peloton CEO Highlights Four “Objectives” to Drive Growth
The operator of a connected fitness platform in North America and internationally raised its full-year guidance for the third quarter. Recently hired CEO, Peter Stern, highlighted four objectives on an analyst call for engaging current and new members to fuel growth.
Malibu Boats Sees Fiscal Q3 Sales Climb 12 Percent
Gains in the company’s Malibu segment offset declines in the Saltwater Fishing and Cobalt segments. The boat maker slightly lowered its guidance for the year due to softer retail trends and ongoing market uncertainty.
Kinsey’s Hires Software Engineer
Alyssa Zevallos, a 10-year industry veteran, has strong skill sets in digital engineering. She began her role at Kinsey’s on May 7 with a programming and software integration background.
True Spec Golf Opens Second Chicago Location in Partnership with The Golf Practice
The boutique golf club fitter now has a second location in partnership with The Golf Practice, True Spec Chicago West. The company also partners with The Golf Practice, a golf training academy for kids and adults, at its North Shore location in Lisle.
Recall Expansion: Igloo 90-Quart Flip & Tow Rolling Cooler
This recall expansion involves an additional 130,000 Igloo 90 Quart Flip & Tow Rolling Coolers manufactured before January 2024.
EXEC: Yeti Slashes Guidance on Product Delays, Tariffs Fallout
Yeti’s moves to shift production out of China are ahead of plan with 90 percent of its U.S. drinkware capacity expected to be ex-China by the end of the year. However, delays caused by the sourcing shifts as well as the tariffs themselves caused the Yeti to ax its guidance for the year.
Xponential Fitness NA System-Wide Sales Climb 18 Percent
Xponential Fitness Inc. reported North America system-wide sales climbed 18 percent in the first quarter with overall results in line with expectations. The fitness boutique owner lowered its guidance on global net new studio openings for the year but reaffirmed its guidance on system-wide sales, total revenue, and adjusted EBITDA.
Fox Factory Tops Q1 Guidance
Fox Factory Holding Corp. reported first-quarter loss on a steep goodwill charged related to tariffs but adjusted earnings surpassed guidance with the benefit of cost-control efforts. Sales grew 6.5 percent with gains across its Aftermarket Applications Group (AAG), Specialty Sports Group (SSG) and Powered Vehicles Group (PVG) segments. Guidance was reaffirmed for the year.
Allbirds, Inc. Sees DD Revenue Decline in Q1 as Brand Transitions from DTC
The reiterated guidance includes negative impacts of approximately $18 million to $23 million of revenue associated with the transition from a direct selling model to a distributor model in certain international markets and the closure of certain Allbirds stores in the U.S.
EXEC: Crocs Seeks $50 Million in Cost Savings to Offset Tariffs
On Crocs Inc.’s Q1 analyst call, Andrew Rees, CEO, said the footwear maker suspended its guidance for 2025 primarily due to the company’s inability to forecast the financial impact from future tariffs and identified a further $50 million in additional savings to offset the potential fallout.
Black Diamond Parent Posts Q1 Loss On 13 Percent Revenue Drop
Clarus Corp. posted an operating loss as a continued slowdown in the OEM channel led to a significant sales drop in its Adventure segment and ongoing SKU rationalization led to a smaller decline at Black Diamond.
CNBC/NRF Retail Monitor Reveals April Easter/Spring Break Boost
Growth in the Clothing, Footwear and Accessories store sector accelerated from the March trend, and the sector that includes Sporting Goods stores was up 9.2 percent y/y unadjusted in April after a strong 6.6 percent y/y gain in March.
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