Fitbit’s Shares Sink On Weak Guidance

Fitbit in the fourth quarter managed to show its first quarterly year-over-year increase in device sales since the fourth quarter of 2016. But shares were trading down about 16 percent in late-afternoon trading amid warnings of softer-than-expected sales for the first quarter and margin deterioration for the year.

U.S. Polo Assn. To Outfit USPA College Polo Teams

USPA Global Licensing Inc. (USPAGL), the official licensing arm and national broadcaster of the United States Polo Association (USPA), announced that U.S. Polo Assn. will be outfitting college polo players through a new nationwide collegiate outreach program.

Camping World Delays 10K Filing

Camping World Holdings Inc. announced that has filed a Form 12b-25 with the U.S. Securities and Exchange Commission providing the company a 15-day extension to file its Annual Report on Form 10-K for the year ended December 31, 2018

Fanatics Hatches Deal With South Korea’s Coupang

Fanatics reached an agreement to become the exclusive provider of fan merchandise on Coupang, South Korea’s largest internet marketplace. The deal marks Fanatics’s second global marketplace deal after an agreement with Walmart was announced last month.

JCPenney’s Q4 Earnings Tumble

JCPenney Co. reported a steep drop in earnings in the fourth quarter ended February 2 although they were better than Wall Street’s expectations. 

Acushnet’s Q4 Profits Slide On Sales Dip

Acushnet Holdings Corp., the parent of Titleist, reported Fourth quarter net income of $11.4 million, down 37.4 percent year over year. Sales of $343.4 million were down 2.3 percent year over year and dipped 1.4 percent in constant currency.

Crocs Q4 Exceeds Wall Street’s Targets

Crocs Inc. reported a steep loss in the fourth quarter due to a charge related to its buy back of some of the preferred shares held by Blackstone Group LP. The loss before charges came in better than Wall Street’s consensus target as sales grew 8.5 percent.