Allbirds, Inc. reported a net loss in the fourth quarter ended December 31 as sales declined 13 percent. Earnings and sales missed guidance and the eco-friendly footwear announced a new transformation plan to reignite growth and improve its cost structure.
Author: SGB Media
Smith & Wesson’s Q3 Profits Drop 52 Percent
Smith & Wesson Brands reported earnings declined 51.9 percent in the third quarter ended January 31 as sales declined 27.4 percent. The firearms maker said the sales improved sequentially and remain above the comparable pre-pandemic quarter in fiscal 2020.
Tilly’s Hints At Improving Sales Picture After Tough Q4 And Weak Start To 2023
Tilly’s, Inc. saw total net sales decline 11.8 percent to $180.4 million for the fourth quarter of fiscal 2022 ended January 28, compared to $204.5 million in the prior-year comparable quarter. Total comp store net sales, including both physical stores and e-commerce, decreased by 13.7 percent for the period.
Vail Resorts Lowers FY Guidance On Weather Disruption
Vail Resorts, Inc. reported a slight decline in earnings in the second quarter ended January 31 and slightly lowered its guidance for the fiscal year. The ski resort operator said season-to-date total skier visits increased 3.6 percent but abnormal weather conditions impacted traffic with Eastern U.S. resorts significantly below expectations in the post-holiday period.
Athleta Sees Q4 Comp Sales Down 5 Percent; CEO Exits
Gap Inc. announced that Mary Beth Laughton, president and CEO of Athleta, is exiting the business, effective today. The change comes as the women’s active apparel chain’s fourth-quarter comparable sales fell 5 percent in the fourth quarter, driven by continued product acceptance challenges.
Zumiez Sees Strong Double-Digit Sales Declines Continuing Into 2023
Zumiez expects net sales for the three months ending April 29 to be in the range of $178 million to $184 million, which would indicated another strong double-digit decline from the $221 million in sales in the year-ago first quarter. Earnings (Loss) per share are expected to be between a loss of 85 cents and a loss of 95 cents.
EXEC: Duluth Trading Sees H1 Sales “Slightly Down To Flat” After Tough Q4
DLTH reported net sales of $241.8 million for the fourth quarter, down 10.7 percent compared to $270.8 million in the prior-year quarter. For the full fiscal year 2022, net sales were $653.3 million and were said to be within the range of recent guidance.
American Outdoor Brands’ Q3 Sales Drop 27.4 Percent
Profits at American Outdoor Brands, Inc. dropped 77.0 percent in the third quarter ended January 31 as sales fell 27.4 percent. The maker of outdoor and hunt accessories lowered its outlook for its fiscal year.
JD Sports Appoints Non-Executive Director
JD Sports Fashion Plc appointed Ian Dyson as a non-executive director, effective March 9, 2023. He will join the audit and risk committee and the remuneration committee.
Hest Expands Into Sheets And Pillowcases For Outdoor Use
Hest, the manufacturer of outdoor sleep products, expanded into sheets and pillowcase for its portable mattress and pillows, which include four sizes of performance-stretch fitted sheets and three sizes of pillowcases. The bedding is made of performance stretch nylon and moves with Hest’s memory foam mattress and pillows for pressure point relief. “We have been […]
Helen Of Troy Announces Resignation Of CFO
Helen of Troy Limited announced the resignation of chief financial officer, Matt Osberg, effective April 27, 2023. Brian Grass, retired Helen of Troy CFO, is expected to join the company as senior vice president, assistant CFO on March 21, and will become interim CFO beginning April 28.
HanesBrands Refinances 2024 Maturities; Closes $900 Million Term Loan B Financing
HanesBrands completed the refinancing of the last remaining series of its 2024 Notes. The company closed on an upsized new Senior Secured Term Loan B Facility in an aggregate principal amount of $900 million.
Patagonia Provisions Acquires Moonshot
Patagonia Provisions, the food and beverage division of Patagonia, has acquired Moonshot, a plant-based snack brand based in San Francisco.
Duluth Trading’s Sales Slide 11 Percent In Fourth Quarter
Duluth Holdings Inc., the parent of Duluth Trading company, reported earnings declined 57.5 percent in the fourth quarter as sales fell 10.7 percent.
Solo Brands, Inc.’s Q4 Wholesale Sales Surge Nearly 200 Percent While DTC Slips
Solo Brands, Inc., parent company of the Solo Stove, Chubbies, Oru Kayak, and Isle brands, saw net sales increase 11.8 percent to $197.2 million in the fourth quarter ended December 31, compared to $176.5 million in the fourth quarter of 2021.
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