Canadian Tire Corp. reported SportChek’s comps were up 2.5 percent in the fourth quarter and 2.0 percent for the full year
Author: SGB Media
Yeti Closes 2018 With ‘Significant Momentum’
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.
Asics Appoints Koichiro Kodama To Head Asics America
Asics announced that Koichiro Kodama will replace Gene McCarthy as president and CEO of the Asics America Group segment.
Asics’ Operating Earnings Tumble On Americas Weakness
Asics reported operating income slumped 46.3 percent in 2018 on a 3.4 percent decline in sales. Results were impacted by a sharp decline in sales in the Americas region.
Yeti Holdings Q4 Profits Jump
Yeti Holdings Inc. reported a sharp jump in net earnings in the fourth quarter as revenues climbed 19 percent. The company expects sales to climb between 11.5 percent and 13 percent in 2019.
Emerald Expositions Posts Q4 Loss On Impairment Charges
Emerald Expositions, the parent of the Outdoor Retailer trade show, reported a net loss of $90 million in the fourth quarter as it took $104.3 in impairment charge related to certain trade names and customer-related intangible assets.
Canada Goose Holdings Q3 Earnings Soar
Canada Goose Holdings Inc. reported third-quarter earnings catapulted 66.2 percent on a 50.2 percent revenue hike. Earnings came in well above Wall Street’s target. The company lifted its guidance for the year.
Puma Q4 Revenues Jump 20 Percent
Puma wrapped up 2018 by reporting significant earnings gains in the fourth quarter on a 20.1 percent revenue gain. For 2019, Puma expects earnings to climb 23 percent on a 10 percent sales increase.
Can ‘Bench Strength’ Bolster REI During Leadership Transition?
As SGB Media reported yesterday, the outdoors world got a jolt with the news that Jerry Stritzke, president and CEO of REI Co-op, had resigned after a board-initiated investigation into his admitted “personal and consensual” relationship with “the leader of another organization in the outdoor industry.” But what impact, if any, will this development have on the industry?
Always Good Times: Jeff Mechura Dishes On Elan’s U.S. Growth
Jeff Mechura, head of global brand development and marketing for Elan Skis, spoke with SGB Media at Outdoor Retailer Snow Show about what’s been driving the company’s growth in the U.S. and why Elan remains the “good Catholic boys” when it comes to the retail channel.
Senate Votes To Reauthorize Land And Water Conservation Fund
The U.S. Senate passed a sweeping public lands package. The bill designates more than one million acres of wilderness for environmental protection and permanently reauthorizes the Land and Water Conservation Fund.
California Outdoor Industry Leaders Fuel California’s $92 Billion Outdoor Recreation Economy
Spearheaded by a board of directors and comprised of outdoor industry professionals experienced in launching and managing profitable businesses, California Outdoor Recreation Partnership (CORP) is making progress in advocating on sustainable economic development in California’s growing and vibrant $92 billion outdoor recreation economy.
Danner Opens First Store In Bend, OR
Danner announced the opening of its fifth and newest store, Danner at the Box Factory, in Bend, OR.
Headsweats Becomes Apparel Sponsor Of Mercedes-Benz Corporate Run
Headsweats joins the Mercedes-Benz Corporate Run presented by Turkish Airlines as the official apparel sponsor.
Honey Stinger Announces Ambassador Team
Honey Stinger announced its new elite athlete team for 2019: Hive Gold.
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