Saucony, Inc. posted another stellar quarter in Q3, driven by very strong shipments of mid-priced Crossover and Originals product into the mall channel. While there was cause for celebration for the current quarter, Wall Street pushed shares lower for th
Author: SGB Media
Soffe Again Keeps Delta Out of the Red…
Delta Apparel, Inc. again counted on MJ Soffe for most of its sales increase — and just about all of its operating income — for the fiscal first quarter ended October 2, posting a 94.2% increase in net income for the quarter to $1.1 million, or 34 cents
Russell Corp. Gets Tax Boost to Beat Street; Athletic Business Weaker…
On the surface, it appears that Russell Corporation easily beat analysts’ consensus earnings estimates for the quarter, but the company saw a tax benefit of $4.5 million, or 14 cents per share in the quarter, which reduced earnings to $22.4 million, or 68
Cancel the Bake Sale for Jay Margolis…
We won’t need to hold a benefit for Jay Margolis, who recently resigned as president and COO at Reebok. In a recent SEC filing, Reebok stated that Margolis had resigned “with immediate effect” on 10/20/04 and that the departure would be treated as “termi
Amer Group Sees Golf as Only Drag in Q3; Wilson Gets Nice Boost from Team Sports…
Amer Group reported that third quarter net sales declined 6.4% to €278.7 million ($340.8 mm) from €297.9 million ($335.6 mm) in the year-ago quarter. Net sales declined due to the withdrawal from the tobacco business in March. Foreign exchange rate mo
But Charges Impact Net Income Line…
The Fitness Equipment business, which is built on the Precor platform, increased 19.3% to €50.1 million when measured in Euros, but jumped 29.5% to $61.3 million when measured in U.S. dollars. Third quarter EBIT for the division declined 44% to €4.2 mill
Nautilus’ Direct Biz Still Drives Growth..
The Nautilus Group continues on its three phase “turnaround plan”, which emphasized gaining control of the business, then stabilizing it, and lastly, moving back into growth mode. Gregg Hammann, chairman, president & CEO, said in a conference call with a
K-Swiss Sees International and Fill-in Business Drives Q3 Margins, Profits Higher…
International is playing a bigger role in the success at K-Swiss Inc., a trend that is driving sales higher, building margin, and fueling bottom line gains. Wall Street reacted positively to the trend as they shook off concerns over a declining U.S. orde
Big 5 Gets Lift from Increased Traffic…
Big 5 Sporting Goods achieved a new milestone last week, opening their 300th store on their way to 309 stores by the end of the year. The new San Diego store joined three others in Q3 and one more since the start of the quarter. BGFV saw the additional
Brunswick Ups Outlook on Strong Q3…
Brunswick Corporation looked to its Marine and Fitness Equipment divisions to post a 22.9% increase in revenues to $1.27 billion for the third quarter from $1.04 billion in Q3 last year. However, the Fitness division, which includes the Life Fitness, Ham
Columbia Refines EU Strategy; Boosts 2004 Guidance on Stronger Backlog…
Columbia Sportswear continued to log double-digit gains in both net income and sales in the third quarter despite continued softness in the company’s U.S. Outerwear business. COLM said that consumers were shifting away from Outerwear and more toward their
Cabela’s Hurt by Gift Card Delay; Still Posts 61% Jump in Q3 Net Income…
Cabela's Inc. saw comp stores sales decline 3.0% in the third quarter versus a comp store sales gain of 4.2% in the year-ago period, due in large part to a delay in the printing and mailing of a promotional gift card.
Management estimated that co
EQT Partners Flips Thule to New PE Firm; Management Takes 20% Stake…
The auction for Thule has come to an end with British buyout shop Candover winning out as the brand’s new owner. EQT Partners, Thule’s former owner, opted to offer the company up for sale instead of conducting an initial public offering on the Stockholm
K2 Moves Dana Designs under Marmot’s Control
K2 Sports' Dana Design backpack and travel bag division will relocate in November from Vashon Island, WA, and operate under Marmot Mountain, LLC. in Santa Rosa, CA. Dana Design and Marmot products will continue to be developed and marketed as separat
Interbike Adds Westcott to Sales Team
Interbike has added Kevin Westcott to their sales team. Westcott replaces Adam O’Brien as Account Executive for Interbike’s growing portfolio of trade events – Interbike Expo, OutDoor Demo and the inaugural Winterbike, planned for February 2005. No stran