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.
Author: sportsoneauthor
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.
Rocky Brands’ Q2 Profits Soar
Rocky Brands Inc. reported profits in the second quarter jumped 73.3 percent, thanks to high-single-digit growth in wholesale sales and expanding gross margins.
Outdoor Project’s ‘Women In The Wild 2018’ Celebrates Outdoor Women
Outdoor adventure and travel media platform Outdoor Project—found online at outdoorproject.com—publicly shared the growing excitement generated from the launch of Women in the Wild 2018.
First Annual National Summit Day To Benefit Big City Mountaineers
Big City Mountaineers (BCM), a provider of life-changing wilderness experiences to under-resourced youth, on Tuesday announced its partnership with Backpacker Magazine for the inaugural National Summit Day on Aug 4.
Raen Forms Raen Europe, Appoints Christian Grund As European GM
California-based eyewear brand Raen has announced plans to further expand the company’s global footprint with the formation of Raen Optics GmbH, or Raen Europe. The new division will be led by Christian Grund, the founder of Raen’s former European eyewear distributor, Eyegents
PVH Corp. Partners With UFC For Van Heusen Flex Collection
PVH Corp. announced a new campaign for the company’s Van Heusen brand, which includes a partnership with UFC, the mixed martial arts organization. The partnership establishes Van Heusen as UFC’s first-ever “Official Men’s Dress Furnishings Provider.”
ClassPass Announces Free Standalone App For Guided Audio Workouts
ClassPass, the fitness membership subscription service, announced ClassPass Go, an app offering high-energy, guided classes from top trainers set to motivating music.
Aramark Launches Performance Work Line
Aramark, a leader in food, facilities management and uniforms, announced the launch of the Aramark FlexFit performance uniform line featuring light-weight fabrics and inspired by the athleisure trend.
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