Johnson Outdoors reported double-digit growth in revenue and profits for the fiscal third quarter ended June 29. The outperformance continued to be led by the company’s Fishing brands, Minn Kota, Humminbird and Cannon, but the company’s Camping segment, led by Jetboil and Eureka!, returned to double-digit growth.
Author: SGB Media
Columbia Sportswear Expands Stock Buybacks
Columbia Sportswear Company announced that the company’s board of directors has authorized the repurchase of up to an additional $200 million of company common stock in market or negotiated transactions.
Newell’s Outdoor Brands Impacted By Late Spring
Newell Brands said sales in the company’s outdoor & recreation division, which includes Coleman and Marmot, were impacted by the late spring. The sales process for Pure Fishing remains on track.
Columbia Appoints Chris Adamek To VP, Chief Of Staff For Columbia Brand
Columbia Sportswear has named Chris Adamek, who has been consulting with Columbia since January 2018, as the new vice president, chief of staff for the Columbia brand.
Clarus Raises Full-Year Outlook On Strong Q2
Clarus Corp. on Monday reported an adjusted net income increased to $2.6 million, or 9 cents per share, compared to an adjusted net loss of $3.4 million or (11) cents per share the same quarter a year ago, beating analysts’ consensus estimates by 9 cents.
Delta Apparel’s Q2 Earnings Improve
Delta Apparel reported a 9 percent gain in earnings on improving margins in the company’s basics segment and an 8 percent revenue gain.
Fathead And SP Images Announce Exclusive Distribution Agreement
Fathead, best-known for the company’s officially licensed, life-size wall graphics of professional athletes and team logos, has entered into an agreement with sports-licensed merchandise distributor SP Images of Franklin, MA, to exclusively distribute the company’s Tradeable & Teammate brands in key retail channels across the country.
Under Armour Returns As Austin Marathon Sponsor
High Five Events announced Under Armour Inc. has returned as the presenting sponsor of the Austin Marathon.
Zeal Optics Expands Marketing And Sales Departments
Nate Hrivnak moves from the marketing department at Zeal Optics to a new sales role in Northern California. Alex Aparicio joins the team as a new sales representative in the Tahoe territory.
Crosman Corp. Renames Holding Company As Velocity Outdoor
Crosman Corp., a subsidiary of Compass Diversified Holdings LLC, on Monday announced that the company’s board of directors has approved the holding company’s new name: Velocity Outdoor.
Salomon Appoints Lazzaroni To Lead Nordic Ski Business In The Americas
Salomon has appointed Robert Lazzaroni as Nordic regional commercial manager for the Americas, effective August 27. Lazzaroni, a 25-year industry veteran and most recently the nordic domestic program director for U.S. Ski & Snowboard, will direct Salomon’s nordic business in the United States, Canada and Latin America.
Cherokee Global Brands Announces Debt Refinancing
Cherokee Global Brands announced that on August 3, 2018, the company replaced the company’s former credit facility with a new $40 million three-year financing agreement with Gordon Brothers Finance Company and Gordon Brothers and new subordinated promissory notes with existing subordinated lenders.
Under Armour Appoints Mohamed El-Erian To Board
Under Armour Inc. announced that Mohamed A. El-Erian has joined the company’s board of directors, effective Oct. 1, 2018. Dr. El-Erian is the former CEO and co-chief investment officer of PIMCO, a role he held from 2007 to 2014, and currently serves as the chief economic advisor at Allianz, the corporate parent of PIMCO.
Divestitures Drop Newell Brands’ Q2 Revenue
Newell Brands on Monday announced revenue from continuing operations of $2.2 billion, down from $2.5 billion in the same quarter a year ago due to the completed divestitures of The Waddington Group and Rawlings Sporting Goods Co. Inc. and divestiture processes initiated on other assets.
Dick’s To Open in Raleigh
Dick’s Sporting Goods will open a new store in Raleigh, NC, in August.
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