After Camping World Holdings Inc. on Thursday posted a fourth-quarter loss of $71.5 million, or earnings per share of (83) cents, due to an impairment charge and costs related to Gander Outdoors openings, the company’s stock tumbled in the high single digits. But a slight market rebound on Friday served as another example of the mixed signals that Camping World conveyed in its fourth-quarter earnings report.
Author: SGB Media
Aisle Talk Week Of March 4
Top headlines from the active lifestyle industry you may have missed this week, including Bass Pro Shops announcing it will close a distribution center in Sidney, NE, the former hometown of Cabela’s, as well as a merchandise return center in Oshkosh, NE.
Bass Pro Shuttering Facilities In Sidney, Oshkosh In Nebraska
Bass Pro Shops announced it will be closing a distribution center in Sidney, NE, the former hometown of Cabela’s, as well as a merchandise return center in Oshkosh, NE. A total of 162 jobs will be affected.
Preliminary Results See Amer Sports’ Shareholders Favoring Anta Sports Merger
Amer Sports Corp. in a statement that its shareholders had provided overwhelming support for its merger with a consortium led by China’s Anta Sports.
Vail Resorts Reduces Earnings Outlook
Vail Resorts Inc. lowering its earnings guidance for its fiscal year ending July 31, 2019, primarily due to the disappointing results from destination visitation in the pre-holiday period and also due to shortfalls from expectations at our Tahoe resorts and Whistler Blackcomb.
Oiselle And Summit to Soul Form Partnership
Oiselle, the maker of women’s running and athletic apparel based in Seattle, has formed a partnership with Summit to Soul, a DC-based specialty retailer serving women athletes.
Dick’s Sporting Goods Funds Girls Sports Matter Projects
In honor of International Women’s Day, The Dick’s Sporting Goods Foundation announced it would fully-fund all girls Sports Matter projects currently on DonorsChoose.org.
Indochino Partners With Boston Red Sox
Indochino, the specialist in custom tailored apparel, announced a partnership with the Boston Red Sox in advance of its second Boston location opening in the Seaport neighborhood.
Nike Extends Contract With BYU
Nike reached an agreement on a new seven-year contract Brigham Young University (BYU). BYU was one of the first universities in the country to join the Nike family by wearing its footwear back in the late 1970s.
Stage Stores Posts Q4 Loss, Commits To Off-Price Shift
Stage Stores Inc. reported a loss of $7.8 million in the fourth quarter as same-store sales slid 2.9 percent. The department store operator also said it is committed to shifting its focus to expanding the Gordmans off-price concept.
Blaser Announces Promotion, Hiring
The Blaser Group has promoted Christian Socher to head of sales and CEO of Blaser GmbH. After almost seven years as CEO of Blaser USA, Socher is returning to Germany to lead the global sales efforts of Blaser GmbH. Industry veteran Jason Evans has been hired as the new CEO of Blaser USA.
PGA Tour Chooses Technogym To Outfit New Mobile Fitness Centers
Technogym, a producer of design and technology-driven fitness smart connected equipment, participated in the PGA Tour’s unveiling of a new state-of-the-art mobile fitness center featuring Technogym smart connected equipment, during a presentation by PGA Tour Commissioner Jay Monahan at The Honda Classic at PGA National Resort & Spa.
Edelrid North America Appoints New Sales Leadership In The Rockies
Edelrid has appointed Vertical World Sales as its new sales leadership responsible for serving the Rockies Territory, covering Colorado, Utah, Wyoming, and New Mexico.
American Outdoor Brands To Merge Electro-Optics Into Outdoor Products & Accessories Segment
American Outdoor Brands, the parent of Smith & Wesson, reported earnings in the third quarter ended January 31 before charges exceeded guidance as sales grew 2.9 percent year-over-year. But an impairment charge was taken to merge its Electro-Optics division with its Outdoor Products & Accessories division.
Camping World Posts Loss On Impairment Charge, Gander Costs
Camping World Holdings Inc. on Thursday posted a net loss for the fourth quarter of $71.5 million due, in part, to a $40 million goodwill impairment charge and $2.4 million in Gander Outdoors pre-opening costs. Earnings per share of (83) cents missed Wall Street’s target by 95 cents.
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