Author: SGB Media

Newell Brands Embarking On Final Wave Of Divestitures

February 15, 2019 SGB Executive

Shares of Newell Brands Inc. dropped $4.53, or 20.9 percent, to $17.16 at market close Friday after the company earlier in the day reported a sharp decline in fourth-quarter operating earnings as it absorbed a $157 million impairment charge. Revenues declined 6 percent to $2.3 billion, missing Wall Street’s target by $90 million.

Deanne Buck Steps Down From Camber Outdoors

February 15, 2019 SGB Update

The Camber Outdoors board of directors on Friday announced that Deanne Buck has resigned as executive director. The board named Diana Seung, current board member and former executive vice president of merchandising at Backcountry.com, as interim executive director, effective immediately. Buck will assist Seung in the transition. 

Aisle Talk Week Of February 11

February 15, 2019 SGB Executive

Top headlines from the active lifestyle industry you may have missed this week, including Deanne Buck (pictured) resigning as executive director of Camber Outdoors.

Newell Brands’ Q4 Earnings Hit By Impairment Charge

February 15, 2019 SGB Update

Newell Brands reported a sharp decline in operating earnings in the fourth quarter as it absorbed a $157 million impairment charge. The Home & Outdoor Living segment saw a core sales decline of 3.0 percent, largely driven by lost distribution for Coleman at a key U.S. retailer.

2018 Holiday Sales Grew 2.9 Percent

February 15, 2019 SGB Update

Holiday retail sales during 2018 grew a lower-than-expected 2.9 percent over the same period in 2017 to $707.5 billion, the National Retail Federation said today after the Commerce Department released data that had been delayed by nearly a month because of the recent government shutdown.

Emerald CEO: 2019 Snow Show Revenue Down In Mid-Single Digits

February 14, 2019 SGB Executive

Revenue for the recent Outdoor Retailer Snow Show is expected to be down in the mid-single digits even as the show’s mood and energy were “excellent,” according to Phil Evans, interim president and CEO of Outdoor Retailer parent company Emerald Expositions Events Inc. That was the assessment Evans provided during Thursday morning’s earnings conference call with analysts to discuss Emerald’s fourth-quarter results.

Yeti Closes 2018 With ‘Significant Momentum’

February 14, 2019 SGB Executive

One month ago at the ICR Conference in Orlando, FL, the top executives at Yeti Holdings Inc. laid out some ambitious financial goals for 2019 and beyond. And Yeti’s Q4 performance proved it is on the right path. The Austin, TX-based company’s net sales grew 19 percent to $241.2 million and adjusted net income skyrocketed 379 percent to $32 million, or 38 cents per diluted share, both of which beat analysts’ estimates.

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