Vista Outdoor has confirmed that Jen Harned, president and general manager of the Bell and Giro, has left the company, according to Bicycle Retailer.
Author: SGB Media
Dick’s Appoints New Chief Marketing Officer and SVP Strategy
Dick’s Sporting Goods appointed Ed Plummer as the company’s chief marketing officer and Steve Miller as the senior vice president of strategy and analytics.
K-Swiss Sold To Xtep International
China-based sports brand Xtep International Holdings Ltd announced plans to acquire E-Land Footwear USA Holdings Inc., the parent of K-Swiss, for $260 million in an all-cash deal, according to Reuters.
Under Armour Swings to Profit, Boosts 2019 Outlook
Under Armour Inc reported stronger-than-expected first quarter earnings while boosting its full-year earnings guidance, as solid overseas demand offset a fall in North American sales.
Champion Drives HanesBrands’ Q1 Gains
HanesBrands Inc. reported net sales in the first quarter increased 8 percent on strength of 10 percent constant-currency organic growth, including global Champion constant-currency sales growth of 75 percent.
Yakima Partners With Brothers & Company
Leading recreation brand taps outdoor enthusiast agency for creative and PR. Brothers & Company announced today that it has been selected by Yakima, a global leader in vehicle racks and cargo solutions, as an agency partner for PR and marketing services. Brothers & Company will engage in consumer and trade media relations, influencer marketing, event […]
Yeti’s Q1 Revenues Expand 15 Percent
Yeti Holdings Inc. reported significant improvement in earnings on an adjusted basis in the first quarter ended March 31 as gross margins expanded 700 basis points and revenues grew 15 percent. The company lifted its guidance for the year.
VF Corp. Signs Fashion Industry Charter For Climate Action
VF Corporation announced that it has become a signatory to the Fashion Industry Charter for Climate Action, furthering the company’s commitment to global climate advocacy and engagement.
Emerald Expositions Q1 Earnings Sink
Emerald Expositions Events Inc., the parent of Outdoor Retailer and a number of other trade shows, reported net income decreased 30.4 percent in the first quarter ended March 31 on a 3.4 percent decline in revenues. The company now expects its full-year performance to be in the lower half of the previously communicated guidance range.
Garmin CEO Talks Tacx Acquisition, Strong Q1
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.
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,
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