Gildan Activewear Inc. reported significant earnings improvement in the third quarter ended October 3. Record third-quarter sales of $802 million, was up 33 percent over the prior year and 8 percent over Q3 2019 .
Author: SGB Media
Champion’s Q3 Sales Climb 20 Percent
HanesBrands Inc. announced results for the third quarter of 2021, with increased sales, operating profit, earnings per share and operating cash flow driven by strong point-of-sale performance and market share gains in its innerwear and activewear businesses. Global Champion brand sales increased 20 percent with balanced growth between the U.S. and International.
Acushnet Raises Outlook On Robust Q3
Acushnet Holdings Corp., the parent of Titleist and FootJoy, reported third-quarter revenues climbed 8.0 percent year over year and grew up 25.0 percent compared to 2019. Earnings were down, as expected, but both earnings and sales were far ahead of Wall Street estimates and Acushnet sharply raised 2021 guidance.
Vista Outdoor’s Q2 Sales Climb 35 Percent
Vista Outdoor Inc. reported earnings in the second quarter ended September 26 jumped 75.2 percent on a 35 percent revenue gain, well above Wall Street’s targets. Sales grew 49 percent in the Shooting Sports segment and 9 percent in its Outdoor Products segment.
TaylorMade Acquires Ball Manufacturer Nassau Golf
TaylorMade Golf has completed the acquisition of Korean-based Nassau Golf Co. Ltd for an undisclosed amount. The deal represents TaylorMade’s third vertical integration in its golf ball business with the new entity called TM Golf Ball Korea, joining its other golf ball manufacturing facilities —TM Golf Ball South Carolina (U.S.) and TM Golf Ball Taiwan.
Sturm, Ruger’s Q3 Sales Climb 22 Percent
Sturm, Ruger & Company Inc. reported sales in the third quarter expanded 22.3 percent in the third quarter to $178.2 million from $145.7 million a year ago. Earnings rose 41.5 percent to $35.1 million, or 1.98 per share, from $24.8 million, or $1.39, a year ago.
SFIA’s Fitness Movement Report Shows Positive And Negative Impacts During Pandemic
SFIA’s 2021 Tracking the Fitness Movement Report showed that while participation levels in fitness remained strong, the pandemic altered the activities that consumers could participate in.
NPD Report: U.S. Footwear Sales Revenues To Rise 16 Percent By 2023
Powered largely by pent-up demand and rising average selling prices, U.S. footwear revenues grew by 28 percent, from January through September 2021 compared to 202, and increased by 8 percent versus 2019, according to the NPD Group. By 2023 revenues its forecasts to be 16 percent ahead of pre-pandemic 2019 levels.
U.S. Fishing Equipment Market Reels In Nearly $4 Billion, NPD Reports
In the 12 months ended September 2021, U.S. fishing equipment in-store and online sales revenues across mass merchants and sporting goods retailers, including e-commerce, grew 4 percent, year-over-year, reaching $3.9 billion, according to the NPD Group.
Strava Appoints Chief Financial Officer
Strava announced it has hired Lily Yang as CFO. Yang will be responsible for overseeing the finance and legal organizations to support the company’s growth and worldwide operations.
True Linkswear Secures $11.25M Investment
Golf footwear startup True Linkswear announced it has raised $11.25 million from KarpReilly to accelerate the growth.
Buck Knives Hires Marketing Manager
Buck Knives announced it has hired Ryan McGinnis as marketing manager. He previously worked for Benchmade Knife Company and the Redmond Chamber of Commerce.
Allbirds Raises $303 Million In IPO
Sustainable shoe company Allbirds raised nearly $303 million in its initial public offering after increasing the size of its IPO that also priced above its expected price range.
Della Terra Hires Chief Operating Officer
Sustainable footwear brand Della Terra has hired footwear veteran David Jassem as chief operating officer.
Inside The Call: Rocky Brands Stubs Toe On Integration Execution, Cuts Outlook For 2021
Brooks said they shipped over 50 percent more orders in the third quarter of 2021 versus Q3 of last year, but at the same time, the amount of product they received at the DC was up nearly 200 percent year-over-year. The congestion apparently made it difficult to keep up with the strong demand for the brands under the RCKY umbrella.
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