Inside The Call: Yeti Hikes Annual Targets On Q1 Beat

Yeti Holdings Inc. sales raised its guidance for earnings and sales for the year after reporting sales catapulted 42 percent in the first quarter ended April 3. Matt Reintjes, Yeti’s president and CEO, on a conference call with analysts. “At the heart of this performance is exceptional demand for the Yeti brand, including momentum across our global digital businesses, and the strength of sell-through at wholesale.”

Inside The Call: Wolverine World Wide Q1 Paced By Saucony And Merrell

Wolverine World Wide raised its guidance for 2021 as its two largest brands, Saucony and Merrell, both returned to robust sales growth in the first quarter, overall online growth accelerated and wholesale backlogs continued strong for the second half. Said Blake Krueger, chairman and CEO, “As we look to the rest of the year, demand for our brands is very strong.”

Vista Outdoor Sees Continued Outdoor Tailwinds

Vista Outdoor Inc.’s sales grew 40 percent in the fourth quarter ended March 31 with robust growth across its Outdoor Products and Shooting Sports segments. Management sees few signs of a slowdown in demand. Vista’s CEO Chris Metz told analysts, “The pandemic accelerated many of the consumer trends that were already in motion and we believe will help fuel our continued success and FY22 and beyond.”

Inside The Call: Acushnet Holdings’ Sees Golf Momentum Continuing

Acushnet Holdings’ sales jumped 34 percent on a currency-neutral basis in the first quarter, paced by gains from Titleist Pro V1 and Pro V1x golf balls, TSi drivers, and FootJoy golf shoes. David Maher, Acushnet’s CEO, told analysts, “We remain enthused about strong demand for Acushnet products, healthy participation rates in most regions and the overall energy and interest for the men’s and women’s professional games across worldwide tours.”

Inside The Call: Big 5 Aiming For Minimal Impact From Nike’s Exit

Big 5 Sporting Goods reported its fourth consecutive quarter of record quarterly earnings as the pandemic continues to elevate demand for many fitness and outdoor products. Big 5 officials also expressed confidence they’ll be able to manage Nike’s pending exit from the chain. Steve Miller, Big 5’s CEO, told analysts, “Although we are disappointed by Nike’s decision, we are encouraged by the response of other vendors, both new and existing about the opportunity to expand their presence in our stores.”

Inside The Call: Puma Seeing Momentum Across Categories

On Puma’s quarterly media call, CEO Bjørn Gulden said the brand’s 26 percent jump in first-quarter sales came despite ongoing coronavirus lockdowns and congestion at U.S. ports and reflected strength across running, golf, basketball and lifestyle offerings. He also predicted a return to sport with the help of the Olympics and EURO Cup.