Wolverine World Wide Inc. reported revenue and operating margin exceeded expectations in the first quarter ended April 2 as sales grew 20 percent. Excluding the acquisition of Sweaty Betty, sales grew 9.9 percent, led by Sperry. Wolverine reiterated its outlook for the year.
Author: SGB Media
Yeti Lifts FY EPS Guidance After Q1 Tops Expectations
Yeti Inc. raised its 2022 EPS outlook after reporting first-quarter sales and earnings slightly ahead of Wall Street’s consensus estimate. Sales in the quarter ended April 2 rose 19 percent with gains of 24 percent in drinkware and 10 percent in coolers and equipment.
Outdoor Research Partners With Dovetail Workwear For Spring 2022
Two Pacific Northwest brands, Outdoor Research and Dovetail Workwear, teamed up for Spring 2022 to create a collection of outdoor accessories for outdoor enthusiasts and working women. The collaboration evolved from the relationship between two women-led product teams; both focused on creating functional women’s apparel and accessories through design, inclusive sizing and durable construction. “At […]
Tailwind Nutrition Celebrates 10 Year Anniversary With Limited Edition Flavor
Tailwind Nutrition celebrates its 10th Anniversary this month with a limited-edition Orange/Vanilla Sunshine Recovery Mix. In 2012, athlete Jeff Vierling founded the company to find a better nutrition solution for endurance athletes after competing in the Leadville 100 for multiple years. The company’s first product, Endurance Fuel, solved common issues that endurance athletes experience, including […]
Scandinavian Outdoor Group Appoints Chairman
Isbjörn of Sweden founder and CEO Maria Frykman has been appointed chairman of the Scandinavian Outdoor Group (SOG). Frykman will take over from David Ekelund, CEO of Icebug AB, who has held the position since 2013. He is moving to a role within the European Outdoor Group (EOG).
Allbirds Delivers 26 Percent Growth In Q1
Allbirds Inc. reported sales grew 26 percent in the first quarter year over year and gained 49 percent over the first quarter of 2019. The footwear brand posted a loss in the period tied to investments to open stores.
Callaway Golf’s Q1 Sales Surge 60 Percent
Callaway Golf reported net revenues in the first quarter increased 59.6 percent to $1.04 billion. The gains were driven by the acquisition of Topgolf but also double-digit growth in its Golf Equipment business as well as Apparel, Gear and Other business. The company raised its guidance for earnings and sales for the year.
SA Consumer Product Announces Promotions
SA Consumer Products, the maker of gun safes and home and office safes, promoted Ben Lavallee to president, Sporting Goods Division; Matt Lyons to president, Safe Division; and Rich Glogovsky to senior vice president, Manufacturing and Engineering.
MDT Sporting Goods Acquires Long Range Arms
MDT Sporting Goods announced the acquisition of Long Range Arms (LRA), best known for its Send-iT series of electronic shooting levels and other products such as Palma sights.
Planet Fitness Sees Same-Store Sales Climb 16 Percent In First Quarter
Planet Fitness, Inc. reported earnings tripled on a 67 percent revenue gain for its first quarter ended March 31. System-wide same-store sales increased 15.9 percent, and the fitness chain ended the period with more than 16.2 million members, up from 14.1 million a year ago.
Form Appoints Board Members
Form, the direct-to-consumer fitness technology company behind the Form smart swim goggles, has appointed two tech industry veterans, Ed Baker and Eric Min, to its board.
Rawlings And Easton Partner With D-Bat
Rawlings and Easton recently entered into a multi-year agreement with Texas-based D-Bat, the baseball and softball training academy franchise. Through the deal, Rawlings and Easton will occupy and manage retail space in D-Bat’s more than 100 facilities while providing an exclusive assortment of stock and custom products for sale.
Shoe Brand Freebird Opens Store In Boston
Freebird, the Denver, CO-based manufacturer of fashion boots, announced the grand opening of a storefront in Boston.
Xponential Fitness Signs Master Franchise Agreement For Mexico
Xponential Fitness, Inc. announced it has signed a Master Franchise Agreement in Mexico for three of its brands— StretchLab, Rumble and AKT.
Trustmark Acquires FitReserve
National employee benefits provider Trustmark has acquired FitReserve, a multi-studio fitness subscription. The acquisition enhances the management solutions offered by the Trustmark subsidiary HealthFitness.
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