Sturm, Ruger & Company Inc. reported earnings rose 48.9 percent in the second quarter while sales declined 2.7 percent.
Author: SGB Media
Versa Sales Help Drive Fitbit’s Q2 Income, Revenue Beat
Fitbit Inc. rode the strength of the company’s Versa smartwatch—which sold out during the second quarter—to beat analysts’ estimates on income and revenue. For the quarter ended June 30, the wearables company reported a net loss of $54 million, or (22) cents per share, beating analysts’ expectations by 2 cents. Fitbit also reported revenue of $299 million, beating consensus estimates by $$13.9 million
Vicis Partners With Visalia Unified School District In California
Visalia Unified School District announced the district will equip varsity football programs at all four of the district’s high schools with the Vicis Zero1 helmet for the 2018 football season.
Compass Diversified Holdings Posts Profit In Q2
Cash Flow for the second quarter of 2018 reflects year-over-year earnings increases at the company’s Advanced Circuits, Arnold Magnetics, Clean Earth and Manitoba Harvest businesses, offset by declines at the company’s Liberty, ErgoBaby and 5.11 businesses.
Adidas Settles For $8 Million In Rockport Dispute
Adidas AG has agreed to settle the company’s $54 million claim in the bankruptcy case of Rockport for $8 million.
Alta Gracia Acquired By Seasoned Team
Alta Gracia, a certified Living Wage apparel company, announced the company’s recent acquisition by Atlanta-based investment group AG Triada, along with lead investor TripleStone Partners. Alta Gracia designs and manufactures athletic lifestyle products licensed for collegiate and professional sports.
REI To Open Grand Rapids Store
In spring 2019, outdoor co-op REI will open a new store in Grand Rapids, MI, the state’s second-largest city. With close proximity to the Grand River, Lake Michigan and the Huron-Manistee National Forests, Grand Rapids is Western Michigan’s hub for outdoor recreation.
Shares of Rocky Brands Soar On Earnings Beat
Shares of Rocky Brands jumped $6.00, or 23.2 percent, to $31.85 after the boot maker delivered earnings that ran past Wall Street’s targets. Georgia Boot, Durango and Rocky Boot all delivered robust growth in the quarter at healthy margins.
Implus Acquires SKLZ
Implus announced the acquisition of substantially all of the assets of Pro Performance Sports LLC d/b/a SKLZ, a leading provider of multisport athletic performance and skill development training products. SKLZ will propel Implus into the sporting goods category and further expands the company’s fitness division.
Champion To Exit Target
Hanesbrands said Champion sales grew 18 percent in the second quarter to drive a 4 percent sales increase. But the company announced that Champion and Target Corporation will not renew their contract for an exclusive line of C9 by Champion activewear apparel when the current contract expires at the end of January 2020.
Garmin Raises Full-Year Guidance On Q2 Beat
Garmin reported better-than-expected quarterly profit in the second quarter ended June 30 and raised the company’s full-year forecast. The gains were led by Marine and Aviation, both growing 24 percent and Outdoor, advancing 23 percent. Fitness increased 8 percent.
Outdoor Filmmakers Launch Kickstarter To Fund Documentary
Outdoor filmmakers Tom Deschenes and Andrew Bydlon have launched a Kickstarter to fund the completion of their documentary film titled “7 Generations.”
Nomura Downgrades Acushnet On Valuation, Cautions On Under Armour And Canada Goose
Nomura Instinet analyst Simeon Siegel downgraded Acushnet Holdings, the parent of Titleist and Footjoy, to “Neutral” due to the stock’s recent run-up in price while also expressing valuation concerns on Under Armour and Canada Goose.
Big 5 Sporting Goods Misses On Income, Revenue
Big 5 Sporting Goods Corp. reported a net loss for the second quarter of fiscal 2018 of $0.2 million, or (1) cent per share, compared to net income for the second quarter of fiscal 2017 of $2.8 million, or 13 cents per diluted share. Analysts had expected a profit of 11 cents per share.
Gander Outdoors Opens Stores In Tampa & Pensacola, FL
Gander Outdoors, formerly known as Gander Mountain, is now open in Tampa and Pensacola, FL.
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