Escalade Inc. posted quarterly revenue of $81.3 million, an increase of 4.1 percent over the prior year. Quarterly diluted earnings per share were $0.43, a decline of 39.5 percent versus Q3 2020, and an increase of 140 percent versus Q3 2019. Earnings were impacted by higher transportation expenses, raw material costs, currency exchange rates, increased wage pressure, and inventory handling costs.
Author: SGB Media
NRF Predicts Highest Holiday Retail Sales On Record
Holiday spending has the potential to shatter previous records, as the National Retail Federation forecasts that holiday sales during November and December will grow between 8.5 percent and 10.5 percent over 2020 to between $843.4 billion and $859 billion. NRF President and CEO Matthew Shay said, “There is considerable momentum heading into the holiday shopping season.”
Primary Arms Names Director, Business Development
Primary Arms has named Brett Stewart as director of business development.
Great Outdoor Provision Expands Flagship In Charlottesville
Great Outdoor Provision Co., an outdoor retailer with locations in Virginia and North Carolina, announced plans for an expanded flagship store in Charlottesville, VA in the summer of 2022.
Boot Barn’s Q2 Sales Surge 70 Percent
Boot Barn Holdings Inc. reported sales in the second quarter September 25 grew 69.5 percent against the year-ago period and 67.1 percent against the 2019 quarter.
Iconic Sports Acquisition Corp. Completes Upsized $345 Million Initial Public Offering
London-based Iconic Sports Acquisition Corp. announced the closing of its upsized initial public offering of 34.5 million units, which includes 4.5 million units issued pursuant to the exercise by the underwriters of their over-allotment option in full.
Wolverine World Wide’s Credit Facility Rated By S&P
S&P Global Ratings assigned its ‘BBB-‘ issue-level rating and ‘1’ recovery rating to Wolverine World Wide Inc.’s refinanced senior secured credit facility, which comprises a $1 billion revolving credit facility and a $200 million term loan due 2026.
Clarus Announces Pricing Of Common Stock Offering
Clarus Corporation announced that it has priced an underwritten public offering of 2.75 million shares of its common stock for total expected gross proceeds of $74.2 million before underwriting fees and estimated offering expenses.
Garmin Delivers Seven Percent Q3 Growth
Garmin Ltd. reported total revenue of $1.19 billion in the third quarter, a 7 percent increase over the prior year quarter. The gains were led by Marine and Aviation segment sales.
Delta Apparel Revenue Increases Six Percent In Fiscal 2021 September Quarter
Delta Apparel Inc. said it expects overall net sales for the 2021 September quarter to be approximately $114 million, an increase of about 6 percent over last year’s fourth quarter sales calculated on a comparable 13-week basis.
Shimano’s Raises Full-Year Guidance On Robust Nine-Month Growth
Shimano reported earnings nearly doubled in the nine months as sales grew 49.6 percent. Bicycle Components segment sales grew 56.0 percent while Fishing Tackle segment sales gained 27.6 percent.
Head Canada Appoints Vice President Winter Sports
Head promoted Chris Vanderknokke to vice president of Winter Sports, Head Canada. He was director of sales and marketing for Winter Sports.
REI Readies Opening In Jackson Hole
REI Co-op plans to open its new store in Powderhorn Mall in Jackson Hole, WY on November 5. The store, located at 974 West Broadway, is the retailer’s first store in the State.
Puma Lifts Outlook On Robust Q3 Results
Puma said it now expects currency-adjusted sales to expand at least 25 percent for 2021, up from at least 20 percent previously, and also raised its earnings guidance after reporting healthy third-quarter growth. Sales in the third quarter rose 20 percent currency-neutral, led by a 31 percent gain in the Americas region.
The North Face Drops Next Edition Of Nuptse Jacket
The North Face has released the latest edition of its Nuptse Jacket creating using 100 percent recycled fabrics. Featuring the same design as the original, the sustainable jacket is made to withstand cold weather from the harshest conditions to walking around town. Originally introduced as part of The North Face’s Expedition System of alpine layering […]
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