Revolve Group, Inc. reported net sales were $279.6 million in the first quarter, a year-over-year decrease of 1 percent against a very difficult prior-year comparison. Net income was $14.2 million, or 19 cents per diluted share, for the quarter, a year-over-year decrease of 37 percent.
Author: SGB Media
Gildan Activewear Posts Sales And Profit Declines In Q1 But Reconfirms Outlook
Gildan Activewear Inc. said net sales for the first quarter ended April 2 were in line with expectations at $703 million, down 9 percent, versus prior-year quarter sales.
Compass Diversified Raises FY Guidance On Above-Plan First Quarter
Compass Diversified (CODI) raised its earnings for the year due to a better-than-expected first-quarter performance. Sales on an adjusted basis in its branded consumer segment, which includes Boa, 5.11 and Primaloft, were up 2 percent in the quarter.
Vista Outdoor Posts Heavy Loss On Impairment Charge
Vista Outdoor reported a net loss of $294 million after taking an impairment charge of $374 million. Adjusted earnings per share were down 47.1 percent on a sales decline of 8 percent and lower gross margins. Vista forecast sales for the current year to decline by about 6.5 percent.
Skechers Sponsors Pickleball Canada National Championship
Skechers reported it signed an agreement naming the brand as the Official Footwear Sponsor of the Pickleball Canada National Championship, beginning with the 2023 season. “We launched Skechers Viper Court footwear to a positive reaction from the pickleball community, athletes and fans,” said Michael Greenberg, president of Skechers. “Skechers currently sponsors every major elite professional pickleball tour […]
Brooks Invests In Community, People And Product To Build On Performance Run Category
Brooks reported strong brand demand in the first quarter across retail channels as it surmounted pandemic-related supply chain and inventory hurdles and brought innovation to market through new products and experiences. Brooks’ product innovation and human-based insights continue as the brand “looks to meet the evolving needs of runners.” Brooks’ advancements in nitrogen-infused midsoles, offered […]
Callaway Apparel Welcomes 2023 Brand Ambassadors
Callaway Apparel reported it signed PGA Tour professionals Harry Hall and Brian Stuard as brand ambassadors, joining LPGA pro Emma Talley. “We are proud to have these two talented golfers joining Callaway Apparel as brand ambassadors,” said Oscar Feldenkreis, CEO of Perry Ellis International. “Harry and Brian are a perfect combination of a young star […]
Norrøna Hires New U.S. Sales Manager
Norrøna hired Andi Malboeuf as the U.S. sales manager. She comes to the role from QuietKat, an e-bike company owned by Vista Outdoors, where she was the national sales manager.
Private Investment Firm Acquires Good Feet Store Franchisee in Midwest
Exaltare Capital Management, LLC has acquired GF Midwest, Inc., one of the largest developers and operators of the Good Feet Store, operating 23 franchises across nine states. GF Midwest is headquartered in Milwaukee, WI.
Brooks Invests in Community, People and Product to Build on Leadership in Performance Running
Brooks saw strong brand demand in the first quarter across retail channels as it overcame pandemic-related supply chain and inventory hurdles, and brought innovation to market through new products and experiences. Building Performance Gear for Every Speed and Surface Brooks’ product innovation and human-based insights continue to shine as the brand looks to meet the […]
Brooks Posts Strong Double-Digit Q1 Global Growth Despite EMEA Decline
Brooks Running carried momentum into the first quarter of 2023 with 20 percent year-over-year global revenue growth, including a record 32 percent increase in the Europe, Middle East, and Africa (EMEA) region.
Farfetch Launches Reebok European Effort Through New NGG++ Division
Farfetch has commercially launched its European partnership with Reebok, following its deal announced in February 2022 with new Reebok owner Authentic Brands Group. The partnership is being managed by New Guards Group (NGG), a wholly-owned Farfetch company.
Five Iron Golf To Open In Cincinnati
Five Iron Golf is opening in Cincinnati, marking its 18th location nationwide and the first in Ohio.
OR, Surf Expo Parent Sees Strong Double-Digit Revenue Growth In First Quarter
Emerald Holding, Inc., the owner and producer of the Outdoor Retailer and Surf Expo trade shows, reported that first quarter 2023 revenues were $122.3 million, an increase of 24.2 percent versus the first quarter 2022.
Rock Ridge Outdoors Names VP Of Sales
Rock Ridge Outdoors, based in Minden, LA, named Janette Palmer as its new vice president of sales.
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