Author: SGB Executive

Vista Outdoor Sees Continued Outdoor Tailwinds

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." (Read More)

Inside The Call: Acushnet Holdings’ Sees Golf Momentum Continuing

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." (Read More)

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

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.” (Read More)

Inside The Call: Under Armour Hikes Outlook As North America Turnaround Accelerates

Inside The Call: Under Armour Hikes Outlook As North America Turnaround Accelerates

Under Armour Inc. significantly increased its guidance for the year after reporting first-quarter results that came in well above expectations due to strong sell-throughs at both its wholesale and direct-to-consumer segments. Marketing investments will be ramped up in the second half to build on momentum seen in North America, China and Germany. (Read More)

Inside The Call: Skechers’ Q1 Tops Expectations On China Boost

Inside The Call: Skechers’ Q1 Tops Expectations On China Boost

Skechers USA’s first-quarter earnings topped Wall Street’s target on robust international gains, driven by China. Domestic wholesale sales were down slightly due to logistics challenges but Skechers’ officials said demand for its comfort footwear remains strong. They also expect to gain market share as Nike streamlines its wholesale account base. (Read More)

Peloton’s Shares Take Hit After CPSC Warning On Treadmills

Peloton’s Shares Take Hit After CPSC Warning On Treadmills

Shares of Peloton Interactive were down about 9 percent in mid-day trading Monday after the U.S. Consumer Product Safety Commission (CPSC) in an unusual move warned people to stop using the company’s Tread+ "immediately" if they have children or pets in the home, citing 39 incidents including one death.  Peloton called the warning "inaccurate and misleading" but some analysts felt the heightened safety concerns could slow subscriber growth. (Read More)

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