Author: SGB Executive

On its second-quarter conference call, Tom Florsheim, Weyco Group’s chairman and CEO, said Bogs “had an excellent spring” while warning that supply chain disruptions could restrain growth across its second half. Florsheim also sees strong growth potential for its just-acquired outdoor footwear brand, Forsake.

Acushnet Holdings Corp., the parent of Titleist, significantly lifted its guidance for the year after reporting another blowout quarter. The improved outlook comes despite the company facing raw material constraints and production challenges tied to recent spikes in COVID-19 cases.

Dorel Industries Inc. reported that its Dorel Sports segments delivered growth of 11.1 percent in the second quarter. Martin Schwartz, Dorel’s president and CEO, said on a quarterly analyst call, “Demand for bikes showed no signs of slowing and Cannondale’s models remain extremely popular.”

Hanesbrands Inc. said Champion continued to regain its momentum in the second quarter since taking a hit in the early months of the pandemic’s emergence and is now delivering double-digit gains against the second quarter of 2019. The brand is also making progress under Hanesbrands’ Full Potential plan to become a $3 billion brand.

Led by strong DTC sales, a rebound at wholesale and a more than three-fold gain in its international business, Yeti reported sales in the second quarter climbed 44.9 percent. The strong results prompted the drinkware and cooler brand to raise earnings and sales guidance for the year.

On a conference call with analysts discussing the Sweaty Betty acquisition, Wolverine Worldwide officials said the U.K-based women’s activewear brand is expected to help Wolverine’s own brands, including Saucony and Merrell, to further expand in apparel and across digital channels. However, the biggest opportunity it sees is tapping into the growth potential of Sweaty Betty and the overall women’s activewear market.

Big 5 Sporting Goods Corp. reported its fifth straight quarter of record earnings as the chain continues to benefits from changed behaviors tied to the pandemic. The West-coast chain cautioned that gains would moderate in the current quarter as it starts to anniversary year-ago surges.

Clarus Corp. significantly lifted its outlook for earnings and sales in 2021 as its bullets business led by Sierra and Barnes showed continued strength and Black Diamond accelerated to triple-digit growth. Officials said strong relationships with suppliers and prioritizing core products are helping the company offset supply chain challenges.

Continued momentum at Coleman and recovery at its Contigo and Marmot brands helped Newell Brands’ Outdoor & Recreation segment grow 28.3 percent in the second quarter, marking its second straight quarter of growth.

On an analyst call, Dick Johnson, chairman and CEO of Foot Locker, said the acquisitions of WSS and Atmos “fill in some of the white space” available to Foot Locker beyond its core sneaker and sport culture segments. WSS provides a deeper reach into the classics footwear category and the Hispanic demographic. Tokyo-based Atmos provides a strong foothold in boutique streetwear that could kick-start expansion in Asia.

VF Corp. raised its outlook for its fiscal year after reporting results in the first quarter ended June 30 came in well ahead of expectations, helped by signs of recovery at Vans and continued strength in digital. The outlook reflects stronger-than-expected order books for its four primary brands, which also include The North Face, Timberland and Dickies, and strength at two emerging brands, Altra and Smartwool.

Sales grew 80 percent at BOA Technology and more than four-fold at Marucci Sports to lead the branded consumer portfolio gains at Compass Group Diversified Holdings in the second quarter. CODI officials also announced it is exploring an IPO for 5.11.

Led by Merrell and Saucony, Wolverine Worldwide’s second-quarter results came in well above Wall Street estimates. Wolverine officials now expect the current year to show “meaningful” over 2020 and 2019 as many of its categories are trending.

Led by healthy double-digit growth across all segments, Garmin Ltd.’s earnings shot up in the second quarter as sales catapulted 53 percent. Garmin officials significantly increased guidance across segments with growth now pegged at 17 percent for both the Fitness and Outdoor segments.

Winchester’s sales slightly more than doubled in the second quarter. Scott Sutton, chairman, president and CEO of Olin Corp, Winchester’s parent, told analysts on a conference call that the ammunition brand is looking to capitalize on the 57 million new recreational shooting participants that have arrived since the pandemic emerged.