Earnings season quickly turned to warnings season last week as a couple of retailers sounded warning bells on second quarter performance based a few issues that should not come as much of a surprise to anyone…
Author: SGB Media
Deckers Running on All Cylinders…
Deckers beat all analyst expectations in the second quarter of 2004, exceeding the upper end of previously issued guidance by roughly 17%, while diluted earnings per share were 26.5% above company expectations…
Callaway Cuts Club Prices in Move to Regain Share…
Callaway Golf Company pulled the trigger last week to defend its market share position in Woods, lowering prices on the category by an average of 24%, effective immediately. The move comes as the company attempts to clean out inventory in the category af
ASICS Opens the Books to Successes…
In uncharacteristic fashion, ASICS America Corp. last week reported that sales for the first half of 2004 increased 9.5% to $111.1 million versus the first half of 2003. Footwear sales outpaced total sales, increasing 11.2% for H1…
Oakley Sees H2 Backlog Gains While Q2 Earnings Suffer…
After revising its second quarter sales and income guidance downward the previous week (SEW_0429), Oakley reported last week that net income for the quarter fell 12.1% to $16.0 million, or 23 cents per diluted share, compared with $18.2 million, or 27 cen
Russell Acquires Huffy’s Backboard Biz…
In a story that probably would have been front page news a decade ago, Russell Corporation has purchased the assets of Huffy Sports Company, the division of Huffy Corp. that is primarily known for its basketball backboard business, but also does about 20%
Nautilus has High Hopes for Retail…
Nautilus second quarter sales were down slightly to $100.2 million compared to $100.6 million in Q2 last year. Net income during the period was down nearly 60% to $1.9 million, or six cents per diluted share, compared to $4.7 million, or 14 cents per dil
K2 Inc. Sees Mix of Organic and Acquired Growth in Q2; Europe Comes Together…
K2 continued its trend of double digit sales increases fueled by acquisitions and, with one exception, strong organic growth among its core brands…
VF Corp. Builds on Outdoor Coalition Success in Q2; TNF Management Promoted…
The acquisitions of Nautica, Vans, Kipling, and Napapiji added $126 million to the top line for VF Corporation, but it was another exceptional quarter for The North Face that helped establish the company’s Outdoor Coalition as the darling of the corporati
Timberland Continues Building Solid Global Business in Q2…
Timberland said its second quarter results reflected solid global growth in footwear, apparel, and accessories and continued progress in enhancing gross margins. The company acknowledged a tougher climate for outdoor-related product in the U.S. sporting
Acushnet Golf Sales Up 9.7% in Q2…
The Acushnet Company golf business, which includes the Footjoy, Cobra, Titleist, and Pinnacle brands, saw second quarter sales increase 9.7% to $407.9 million from $371.8 million in the year-ago period. Parent company Fortune Brands said the increase tha
Columbia Makes Moves to Get Outerwear Business Back in Line…
Columbia Sportswear continued to log double-digit gains in both net income and sales in the second quarter despite continued declined in the company’s Outerwear business. COLM looks to right the Outwear ship as it moves its Sportswear chief over to bring
Gilburne Gets Probation in JFF Case…
Adam Gilburne, the former president of Just for Feet stores, was sentenced by Chief United States District Judge U.W. Clemon to 60 months probation and must pay a $1,000.00 fine and $389,000.00 in restitution. This sentencing follows his May 2004 guilty p
Reebok Shrugs Off Talk of Trouble in Licensed; Point to New Opportunities…
Despite warnings from retailers and downgrades from analysts, Reebok appears to be convinced that their Licensed Apparel business is going to be okay. Even with sales and backlog slowing for the category and the company, they have little choice but to ke
Former Hilfiger Exec Named CEO at Malden Mills
Michael Spillane has been named the President and Chief Executive Officer of Malden Mills Industries, Inc. Spillane, the former President for Children’s Apparel & Men’s Underwear and Loungewear at Tommy Hilfiger U.S.A, will begin work at Malden Mills imme