Lululemon Athletica Inc. hiked its Q3 guidance due to “stronger-than-anticipated” sales. The company now expects EPS in the range of 17 cents to 19 cents compared to its previous guidance in the range of 11 cents to 13 cents…
Author: sportsoneauthor
Timberland Surprises Wall Street with Third Quarter Profit Jump
The Timberland Company saw third quarter results outpace market expectations as the company said it is seeing growing momentum in Europe, regaining traction in the classics business with its iconic boot and handsewns, and forecast improved gross margins i
Shimano Group Sees Q3 Sales Declines Moderate, but Weakness Continues
Shimano Inc. said that any decisive economic recovery never materialized in the third quarter despite signs of recovery in Asia. The company said the worst of the recession appears to be past in Japan, but excess manufacturing and excess labor have not b
Ruger Sees New Products, Continued Demand Boost Third Quarter Results
Sturm, Ruger and Company, Inc. said the third quarter of 2009 was boosted by a continued consumer demand in firearms and subsequential unit sell-through that spiked 50% over last year’s third quarter…
HBI Q3 Sales Down, but Champion Sees Gains
Hanesbrands Inc., the parent of Champion, reported sales declined 8% $1.06 billion in the third quarter. But the company said significant net retail shelf-space and distribution gains are expected to drive approximately 5% sales growth in 2010…
Michael Crooke Exits prAna
Michael Crooke has stepped down as CEO of prAna Living, LLC. Co-founder Beaver Theodosakis will re-assume the position of CEO but expects to announce a search for a new CEO sometime in 2010. Scott Kerslake, the founder of Athleta who was brought in by Cro
VF Corp. Sees Strong Vans and TNF Business in Third Quarter
VF Corp. is beginning to see some green shoots in the economy and management is expecting a relatively stronger Q4 with improving holiday sales. However, unemployment still remains a concern and management feels that the consumer retail environment will r
Luxottica Sees North American Region Cripple Third Quarter
Luxottica sPa, the parent of Oakley and Sunglass Hut, reported consolidated sales were €1.22 billion ($1.74 billion) for the third quarter of 2009, down 4.3% from €1.21 billion ($1.83 billion) in the prior year’s third quarter…
Brunswick Narrows 3Q Loss on Lower Charges
Brunswick Corp. reduced its net loss in the third quarter to $114.3 million, or $1.29 a share, from $729.1 million, or $8.29, a year ago, although the improvement reflected a reduction in restructuring charges to $28.8 million, or 32 cents a share, from $
Callaway Golf Sees Revenue Declines Soften in Q3; Promos Sink Margins
Callaway Golf continues to suffer from a weak market that has seen consumers continue to cut discretionary spending, a new reality that has had a profound effect on all golf manufacturers — especially high-end vendors like Callaway. Management for the Ca
Iconix Spikes Q3 Net; Buys Ecko
Iconix Brand Group, Inc.'s Q3 revenues rose 8% to $59.4 million. Profit rose 25% to $20.5 million, or 28 cents per share…
Golfsmith Q3 Sales, Earnings Down on Falling Tickets
Traffic levels finally evened out at Golfsmith International for the third quarter of 2009, but an increasingly wary consumer and a highly-promotional environment resulted in a lower average ticket, which in turn sunk earnings. Net sales for the golf reta
GSI Commerce Narrows Third Quarter Loss
GSI Commerce Inc. saw revenues increase 1.8% to $190.3 million in the third quarter, above its guidance range of $181 million to $186 million. The net loss was reduced to $9.4 million, or 18 cents a share, from $14.2 million, or 30 cents, a year ago. Com
Blacks Leisure Sees Wider First Half Loss; Submits Re-Org Plan
Blacks Leisure Group PLC submitted a restructuring plan to its bank after significantly increasing its losses in the first half due to continued losses at its Boardwear division. The U.K. outdoor retailer, which runs the Blacks and Millets chains, said it
Volcom Starts to See Market Stabilize, but Q3 Weak
Volcom, Inc. management feels it has successfully weathered the economic storm to-date and Chairman and CEO Richard Woolcott believes “the skies are beginning to clear.” In a conference call with analysts, Woolcott said revenues derived from
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