Under Armour, Inc. reduced its revenue forecast for its fiscal year due to continued softness in the North American marketplace while raising its margin targets. The adjustments came as UA sales and earnings in its fiscal second quarter, which ended September 30, arrived ahead of analyst expectations.
Author: SGB Media
Beachbody Q3 Revenues Drop 23 Percent
The Beachbody Company, Inc. reported sales declined 22.7 percent in the third quarter but revenue and cash used in operations ahead of the midpoint of guidance and the subscription health and wellness company indicated the company is making progress with its transformation efforts.
GoPro’s Q3 Revenues Slide 4 Percent
GoPro, Inc. reported sales in the third quarter were down 4 percent but landed in the upper range of guidance. EPS also was slightly ahead of forecasts and double-digit gains were seen in both subscribers and subscription/service revenue.
Weyco Q3 Sales Fall 13 Percent as Bogs Wholesale Falls 42 Percent
Though sales declined, Weyco said it delivered healthy operating earnings for the quarter relative to sales, as efforts to improve gross margins and control costs have continued to bolster profitability.
Clarus Lowers Outlook for Second Straight Quarter
Profits at Clarus Corp. fell 41.2 percent on an adjusted basis in the third quarter ended September 30 as sales declined 13.5 percent. By segment, sales were down 2.9 percent in Outdoor (Black Diamond, Pieps) and plunged 45.0 percent in Precision Sports (Sierra, Barnes) while gaining 8,6 percent in Adventure (Rhino-Rack, Maxtrax).
Xponential Fitness Ups Full-Year Guidance on YTD Performance
Based on the company’s performance year-to-date, Xponential reported it is increasing its full-year 2023 guidance for revenue and tightening the top-end ranges for new studio openings, system-wide sales and Adjusted EBITDA.
Clif Bar Again Sees Double-Digit Growth In Third Quarter
Mondelez International reported that Clif Bar delivered another quarter of double-digit growth and improved profitability in the third quarter ended September 30. Its other snack bar brands, Grenade and Perfect Snacks, also delivered double-digit gains.
EXEC: BRC Sees Cautious UK Consumer Spending Stalling in October
The BRC reported that total UK retail sales increased 2.5 percent in October. The number was said to be below the three-month average growth of 3.1 percent and the 12-month average growth of 4.2 percent as reported by the BRC.
Mystery Ranch Appoints New East Coast Sales Agency
Mystery Ranch hired Brandywine River Reps to lead sales in the Mid-Atlantic and New England regions. BRR represents outdoor speciality gear brands to specialty retailers.
Xponential Fitness Hires International President; Signs New Multi-Brand Deals
Xponential Fitness, Inc. hired Bob Kaufman as president of international to lead global expansion plans across Xponential’s fitness boutique brands. The company also reported signing multi-brand deals in new and existing international markets.
Birkenstock Names Managing Director of China
Birkenstock hired Tiffany Wu as managing director for Greater China. Most recently she managed the Greater China region for Blue Nile, the world’s largest online diamond sales company.
REI Co-Op Appoints VP of Foundation Technology
Guillaume Ledieu joined the company as vice president of foundation technology, a newly created role focused on “supporting the advancement of REI’s foundational business capabilities to drive operational efficiencies and effectiveness of its end-to-end value chain.”
Foundation Outdoor Group Opens European Headquarters
Foundation Outdoor Group, the seller of fishing rod and tackle gear based in Oviedo, FL, opened a European headquarters and distribution center called Outdoor Group Europe AB in Halmstad, Sweden to spearhead growth in the region.
Pard Optics Expands Nationwide Coverage with Odle Sales
Pard Optics announced that it increased the territory that Odle Sales serves for the company to now include the entire United States.
Pnuma Outdoors and Heated Core Appoints Director of Sales
Pnuma Outdoors and Heated Core hired Mike Meiran as director of sales. Most recently he worked at Kinsey’s Archery Products in various roles for the company’s private label brands and OEM division.
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