Powered by double-digit growth in China and the Americas, Adidas reported second-quarter earnings topped analyst expectations and confirmed the company’s outlook for the year. Reebok’s sales were again down and a charge was taken against the brand due to an accounting correction.
Author: SGB Media
Vista Outdoor Lifts Earnings Guidance On Transformation Efforts
Vista Outdoor raised the company’s earnings outlook after reporting second-quarter earnings topped expectations as efforts to grow profitability start to pay off. The company’s sales guidance was lowered for the year due to continued tough conditions in shooting sports.
Canadian Tire’s Q2 Sales Miss Plan
Canadian Tire’s sales came in lower than expected in the second quarter due to a cold April. FGL Sports, the parent of Sport Chek, saw comps decline 3 percent.
Shoe Carnival Makes Donations To 350 Philadelphia Schools
In continuation of a partnership between Shoe Carnival and Philadelphia school districts, 10 percent of total purchases at select participating Shoe Carnival locations will go back to the shopper’s school of choice upon checkout.
Adidas To Sponsor Thomas University
Adidas has struck a deal to partner with Thomas University, based in Thomasville, GA, for the next three years.
Benchmade Hires Vice President Of Sales And Marketing
Benchmade Knife Company, manufacturer of premium sports cutlery for 31 years, announced the addition of Mike Ulwelling as the company’s new vice president of marketing & sales.
Canada Goose Sees Q1 Revenues Climb 59 Percent
Canada Goose Inc., as expected, reported a loss in the first quarter ended June 30, but sales grew 58.5 percent.
Camping World Agrees To Acquire Holiday Hour RV In Illinois
Camping World Holdings Inc. announced that the company has signed an agreement to acquire Holiday Hour RV located in the greater DeKalb, IL, area.
Outdoor Edge Appoints Three New Managers
David Bloch, president and founder of Outdoor Edge, announced today that the company has added three new employees to the company’s staff. Kirk Nichols has joined the company as export sales manager, Michael Egan has joined as the hardware sales manager and Jonathan Stahlman has come aboard as the key account sales manager.
Zumiez Raises Q2 Guidance On Strong July Sales
Zumiez Inc. announced that total net sales for the four-week period ended August 4 increased 23 percent to $83 million, compared to $67.5 million for the four-week period ended July 29, 2017.
Sequential Brands Group Hits Q2 Income Target, Beats On Revenue
Sequential Brands Group Inc. reported net income for the second quarter ended June 30 of $7.2 million, or 11 cents per diluted share. Under the company’s previous ASC 605 revenue reporting standard, however, non-GAAP net income for the second quarter 2018 would have been $7.8 million or 12 cents per diluted share, flat compared to second quarter 2017 but hitting the Wall Street target.
Iconix Posts Steep Loss On Mossimo Charge
Iconix Brand Group Inc. reported a loss of $79.4 million in the second quarter after absorbing a write-down for the Mossimo trademark.The company said second quarter results excluding the charge were in line with company’s expectations, although the company now expects earnings to arrive at the lower end of previous guidance.
Wolverine Again Lifts Guidance As Turnaround Gains Momentum
Wolverine World Wide reported second-quarter earning came in well ahead of Wall Street’s targets, helped by healthy growth for Merrell and Sperry and margin gains across brands. The company raised guidance for the year.
Boot Barn Posts Double-Digit Income, Revenue Growth In Q2
Boot Barn Holdings Inc. reported income for the second quarter ended June 30 of $6.8 million, or 24 cents per diluted share, compared to net income of $0.8 million, or 3 cents per diluted share in the prior-year period.
Hydro Flask Raises $79,000 For The Conservation Alliance At Annual Garage Sale
Hydro Flask named The Conservation Alliance the beneficiary of its annual Garage Sale in Bend, OR, hometown for both the company and the organization.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal