Callaway Golf Company’s efforts to compensate retailers for new lower prices on clubs by shipping additional goods at no charge put a major dent in margins in the third quarter, pushing the company deep into the red for the period even as a new CEO search
Author: SGB Media
Acushnet Takes Dip in Q3; Looks to New Products to Lift Margins…
Fortune Brands management said the company’s Acushnet golf business, which includes the Footjoy, Cobra, Titleist, and Pinnacle brands, reported third quarter golf sales dipped 2.0% to $269.6 million versus $275.2 million in the year-ago period…
K2 Inc. Keeps the Machine Moving as Acquisitions Start to Pay Off…
K2 Inc. was reaping the benefits of their marketing initiatives in the SnowSports industry in the company’s third quarter, as sales increased 98.5% to $333.5 million year-on-year and net income jumped almost 300%. KTO shares jumped 6.5% for the week to c
VF Corp. Gets Nice Q3 Lift from Acquisitions; The North Face Again Stands Out…
If you pulled a Rip Van Winkle and went to sleep ten years ago and awoke just this last week, you would probably think that you had done so in some sort of bizarro world where VF Corporation, which relied on selling jeans to the value market and intimate
Timberland Feeds Off Int’l Gains in Q3…
Timberland saw a larger portion of its sales come from the International segment market in the third quarter, thanks in large part to FX rates shifts in currency. The Consumer Direct business — while lagging the growth rate of the Wholesale business – w
Deckers Q3 Net Income Jumps Through the Roof on Nice Year ‘Round Gains…
Deckers Outdoor Corp. found its third quarter fortunes lined with sheepskin as their UGG brand continued its meteoric growth and DECK pushed net income up more than 1100% on the leveraging of SG&A expenses. Return on Sales came in at more than 10.5% of s
Escalade Sports Gets Q3 Lift from Early Shipments…
Escalade Sport reported sales for the third quarter increased 13.3% to $61.5 million from $54.3 million in the year-ago period, an increase the company said was due primarily to earlier shipments. Escalade Sports saw net income increase 11% for the quart
Rocky Q3 Fueled by Retailer Expansion…
Rocky Shoes & Boots is riding a two-tiered wave made up of increased military sales and aggressive expansion strategies among several key retail customers. RCKY third quarter sales increased 21.0% to $50.1 million in sales, with roughly 10%, or $5.1 mill
Huffy Corp. Files Chapter 11; Fights to Stay Alive…
Huffy and all of its subsidiaries have filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy code citing liquidity issues, significant operating losses associated with portions of its former Canadian operations, increasing public company
Oakley Sees Soft Q3; Backlog Up 49% on ‘Thump’ Sales…
Oakley is counting on the success of its new ‘Thump’ sunglass/MP3 player and increased military sales to meet full-year 2004 guidance after posting a small 2.2% sales gain in the third quarter that was primarily fueled by its owned-retail business. Sungl
Judge Allows Suit Against Cabela’s…
A state District Court judge in Texas last week ruled that a taxpayers group may proceed with a lawsuit challenging Fort Worth's tax incentive package for Cabela’s, Inc. The Fort Worth Citizens for Responsible Government filed suit in September, cha
Billabong Ups Fiscal 2005 Outlook; Snags SoCal Retail Chain…
Billabong International has raised its profit guidance for the fiscal year ended June 30, 2005. The company now expects profit growth to reach 30% for the current year, up 50% from its initial estimate of 20% growth, saying it was “unduly conservative”.
VF Outdoor Coalition Finds Balance in Q3 Growth…
If you pulled a Rip Van Winkle and went to sleep ten years ago and awoke just this last week, you would probably think that you had done so in some sort of bizarre world where VF Corporation, which relied on selling jeans to the value market and intimate
Unifi Looks East for Growth; Will Reduce Acquired Invista Plant to Two Lines…
Unifi has been cutting costs and SG&A expenses through a series of lay-offs and abandoning unprofitable businesses to post its second straight quarter with an operating profit. UFI also cut its fiscal Q1 net loss in half to $1.3 million compared to a loss
LaFuma Gets International Boost…
Lafuma reported that sales for the fiscal year ended September 30 increased a modest 2.0% to €180.0 million ($219.1 mm) compared to €176.4 million ($191.2 mm) last year. LaFuma overcame a drop-off in its key French market with a 15.2% increase in footw