Garmin Ltd. President and CEO Cliff Pemble spent only a little time on Wednesday’s Q1 earnings call with analysts discussing the company’s acquisition of Tacx, but he did shed some more light on how Garmin would go to market with its newly acquired Dutch business, which designs and manufactures indoor bike trainers, tools and accessories, as well as indoor training software and applications.
Author: SGB Media
Gildan Activewear’s Q1 Earnings Plunge
Gildan Activewear reported net earnings dropped 66.6 percent in the first quarter on a decline of 3.6 percent in revenues. The company said results were in line with expectations and it maintained its adjusted earnings guidance for the year.
Fitbit’s Q1 Revenues Advance 10 Percent
Fitbit Inc. slightly narrowed its loss in the first quarter to $38.1 million from $41 million a year ago as sales gained 9.7 percent. Sales were in line and the adjusted loss was slightly better than guidance.
Compass Diversified Holdings Sales Up In Q1
Compass Diversified Holdings on Wednesday reported net sales for the quarter ended March 31, 2019, of $402.5 million, up from $344.4 million for the quarter ended March 31, 2018. The March 31, 2018, net sales do not include Rimports, Foam Fabricators and Ravin net sales prior to CODI’s ownership. Net income for the quarter ended March 31, 2019 was $110.2 million, as compared to net […]
Modell’s Appoints CFO
Modell’s Sporting Goods has officially hired David Stern to the role of executive vice president and chief financial officer. Stern will play an intricate role in strategic planning and growth opportunities for Modell’s while overseeing the finance and information technology departments.
Bike Sales Help Power Fox Factory Holding Corp. To Q1 Beat
Fox Factory Holding Corp. on Wednesday reported that sales for the fiscal first quarter increased 24.6 percent to $161.7 million from $129.8 million in the same period last fiscal year, beating Wall Street’s estimates by $5.4 million,
NSAA Honors Ski Industry Leaders Bob Bonar And Blaise Carrig
The National Ski Areas Association (NSAA) presented two ski industry leaders with the Lifetime Achievement Award: Bob Bonar, of Snowbird, and Blaise Carrig, of Vail Resorts.
Southern Tide And Reyn Spooner Partner On Men’s Intercoastal Collection
Collaboration Merges the Best of Two Acclaimed Lifestyle Brands Premier coastal lifestyle and apparel brand Southern Tide announced a new partnership with Reyn Spooner, the Hawaiian heritage brand known for its signature take on the now-legendary Aloha shirt. The Southern Tide x Reyn Spooner collection, which couples the best of each brand, is slated for release on May […]
Hoka One One Announces Project Carbon X: A 100K World Record Attempt in Brand-New Carbon X Shoe
The new Carbon X shoe embodies Hoka-signature max-cushion and minimal-weight to empower all athletes to reach their personal best; Hoka athletes will take on World and American records at 100K to commemorate the product launch. Hoka One One, a division of Deckers Brands (NYSE: DECK) announces Project Carbon X, a 100K World Record attempt by multiple HOKA athletes. […]
Adidas Partners With Little League Baseball And Softball
Little League Baseball & Softball and Adidas announced a multi-year partnership in which the Portland, OR-based company will be Official Sponsor & Supplier of uniform, footwear & coaches apparel. Adidas replaces Russell Athletic.
Life Fitness Launches Digital Advertising Platform
Life Fitness, the maker of commercial fitness equipment, announced the launch of Life Fitness Media, its first venture in creating an innovative digital advertising platform. This offering will leverage its large installed base of cardio equipment to deliver unique forms of content to users of Life Fitness equipment.
Cotopaxi Announces New VP Of Design
Cotopaxi, a Certified B Corp that creates outdoor products and events, named industry veteran Evie Moe as new VP of design.
Brooks Running Announces Partnership with International Front Runners
Brooks and the LGBTQ+ Network of Running Clubs Will Partner to Promote Inclusion and Community Through Running Brooks Running Company and International Front Runners, the global network of lesbian, gay, bisexual, transgender, queer (LGBTQ+) running clubs, today announced a two-year partnership to promote inclusion in running. Together, the two organizations will support the growth of […]
Mindbody Promotes Josh McCarter To President
Mindbody, the technology platform for the wellness industry, announced the promotion of Josh McCarter to president.
Vicis Partners With Bronxville High School
Bronxville High School announced it will offer its varsity football players the Vicis Zero1 helmet for the 2019 football season.
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