Author: SGB Executive

Analyst Price Hikes Follow Nike’s Blow-Out Q4

Analyst Price Hikes Follow Nike’s Blow-Out Q4

Nike's shares catapulted $20.75, or 15.5 percent, to $154.35 on Friday after the sneaker giant reported earnings came in well above Wall Street’s targets for the quarter ended May 31 and issued bullish growth targets over the next four years through FY25. Analysts roundly hiked their price targets with many seeing the strong performance as evidence that Nike’s digital transformation is gaining traction. (Read More)

Hibbett Calls Out Personas Driving Fashion Push

Hibbett Calls Out Personas Driving Fashion Push

At Hibbett Sports Investor Day on Thursday, Hibbett’s officials provided a deep dive into its merchandising shift in recent years toward athletically-inspired fashion products that are being guided by five customer personas: Streetwear Hound, Fashion Titan, Basketball Obsessed, Sports-Style Fanatic and Alpha Jock. Officials also elaborated on how the shift has helped Hibbett become a more important distribution point for key vendor partners. (Read More)

Shoe Carnival Calls Out Vendor Relationships For Strong Gains During Pandemic

Shoe Carnival Calls Out Vendor Relationships For Strong Gains During Pandemic

At Jefferies 2021 Virtual Consumer Conference, Cliff Sifford, vice chairman and CEO at Shoe Carnival, said the off-pricer’s strong recent performance is partly because it didn't cancel orders in the early stages of the pandemic and was rewarded with orders as inventory became scarce. However, he said those vendor partnerships have been built over time. (Read More)

Rocky Brands Talks Synergies In Honeywell’s Footwear Acquisition

Rocky Brands Talks Synergies In Honeywell’s Footwear Acquisition

At Baird’s 2021 Global Consumer, Technology & Services Conference, Jason Brooks, CEO and newly-elected chairman at Rocky Brands admitted that the company’s $230 million acquisition of Honeywell’s performance and lifestyle footwear portfolio was “probably not the optimal size” for the first acquisition for his management team. However, he described the acquired brands as “phenomenal” and detailed how they complement Rocky’s existing portfolio. (Read More)

Thor Industries Q3 Boosted By Unflagging Demand For RVs

Thor Industries Q3 Boosted By Unflagging Demand For RVs

Profits at Thor Industries Inc. jumped more than six-fold in the third quarter ended April 30 as demand for RVs remains robust at retail and dealer inventory levels remain at historic lows. Bob Martin, CEO, said, "We see the increased interest in the outdoors and RV lifestyle as a fundamental shift in consumer preferences, a shift that began before the pandemic and picked up steam over the last year." (Read More)

Inside The Call: Academy Sports Hikes Outlook As Sales Momentum Continues

Inside The Call: Academy Sports Hikes Outlook As Sales Momentum Continues

Academy Sports + Outdoors significantly lifted its sales and earnings guidance for 2021 after seeing the strong demand for many of its categories during the pandemic only accelerate further in the first quarter of 2021. Ken Hicks, chairman, president and CEO, said, "Our customers are coming back more often and shopping more areas of the store. Sports and outdoors remain a meaningful part of their lives." (Read More)

Inside The Call: G-III Apparel Rides Casual Strength To Healthy First-Quarter Recovery

Inside The Call: G-III Apparel Rides Casual Strength To Healthy First-Quarter Recovery

G-III Apparel Group reported first-quarter results handily surpassed company guidance as demand for casual apparel remained strong and extended to include additional more categories. Morris Goldfarb, G-III’s chairman and CEO, said, “Demand for athleisure and casual sportswear across our power brands once again accelerated and continues to be strong.” (Read More)

Inside The Call: Lululemon Lifts Annual Guidance As In-Store Traffic Roars Back

Inside The Call: Lululemon Lifts Annual Guidance As In-Store Traffic Roars Back

Lululemon Athletica raised its outlook for sales and earnings for 2021 as first-quarter results showed continued momentum in online sales, a strong resurgence in in-store traffic and strength across its men's and women's offerings. On a two-year CAGR basis, revenue increased 25 percent, representing an acceleration relative to its three-year CAGR of 19 percent leading up to the pandemic. (Read More)

Inside The Call: Tilly’s Sees Stronger Recovery Than Expected

Inside The Call: Tilly’s Sees Stronger Recovery Than Expected

Tilly’s Inc. reported its best first-quarter net sales and EPS since becoming a public company in 2012 as the action-sport chain's sales recovery coming out of the pandemic gains momentum. Tilly's officials also said its expansion of hard goods is seeing a good response and the sustainability section on its website would expand to more than 1,000 products by the end of the third quarter. (Read More)

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