As part of a multi-year partnership with the National Forest Foundation (NFF), REI will donate up to $1 million to the nonprofit in 2018. Funds will support 11 projects that steward the country’s National Forests and Grasslands and restore access in areas damaged by natural disasters like wildfires and hurricanes.
Author: SGB Media
GoPro Beats Q1 Earnings, Revenue Estimates
GoPro reported a loss of $76.3 million, or 55 cents a share, in the first quarter, but after adjustments, a loss of 34 cents per share beat Wall Street estimates of a loss of 36 cents per share. The company’s Q1 sales of $202.3 million beat the expected $182.2 million.
Roka Partners With Brooks Beasts Track Club
Roka Sports Inc., the performance eyewear specialist, announced the signing of the Brooks Beasts Track Club, including 2018 IAAF World Indoor Silver Medallist at 800m, Drew Windle, World Indoor 3000m Finalist, Katie Mackey, and 3x Great Edinburgh Cross Country Challenge Champion, Garrett Heath.
Remington Outdoor’s Plan of Reorganization Confirmed By The Court
The plan, a comprehensive balance sheet restructuring, will cancel over $775 million in debt while all trade and business claims are honored.
Adidas AG’s North American Momentum Continues
Adidas AG said a slowdown in Western Europe and continued weakening the company’s key footwear franchises in the first quarter was more than matched by strong sales momentum overall in North America and Greater China, an accelerating apparel business and strong full-price selling.
Winchester’s Earnings Dip On Higher Raw Material Costs
Olin Corp. said earnings at its Winchester segment fell 52 percent due to higher commodity and other material costs, a less favorable product mix, and lower selling prices.
CODI Sees Dip In Cash Flow In Q1
Compass Diversified Holdings (CODI) reported cash flow declined slightly in the first quarter as earnings growth in the company’s Advanced Circuits, Arnold Magnetics, Clean Earth, Sterno Products and Liberty Safe businesses was offset by declines at the company’s ErgoBaby, Manitoba Harvest and 5.11.
Adidas Records Double-Digit Top- And Bottom-Line Growth In Q1
Adidas reported earnings climbed 17 percent in the first quarter as sales grew on a currency-neutral basis and gross margin expanded 150 basis points. Growth was particularly strong in North America, up 21 percent on a currency-neutral basis, and Asia-Pacific, ahead 15 percent.
Acushnet’s Q1 Earnings Advance
Acushnet Holdings Corp., the parent of Titleist, reported first-quarter net income of $41.5 million, up 8.9 percent year over year. Sales reached $441.8 million, up 1.9 percent year over year, down 2.2 percent in constant currency.
Fitbit Posts Q1 Loss On Revenue Decline
Fitbit Inc. reported a loss of $80.9 million, or 34 cents per share, in the first quarter ended March 31, compared to a loss of $60.1 million, or 27 cents per share, in the same quarter a year ago. The company reported sales of $247.9 million, a 17 percent decline from last year. Fitbit’s income and revenue topped analyst expectations, but the company’s forecast for the current quarter is lower than expected as it works to sell off old products and shift focus to the new Versa.
Academy Sports To Open Two New Locations In NC
Academy Ltd., dba Academy Sports + Outdoors, will open the company’s first stores in Matthews, NC and Winston-Salem, NC, this summer. The company recently opened the first store in New Bern, NC, last month.
Gildan Reaffirms Guidance Amid Q1 Income & Revenue Decline
Gildan Activewear Inc.’s net income and revenue tumbled in the first quarter ended April 1, but both were within management expectations and the company reaffirmed full-year guidance issued on Feb. 22.
Fitness And Outdoor Drive Garmin’s Q1 Growth
Powered by robust gains in its Outdoor, Fitness and Aviation segments, Garmin Inc. reported sales climbed 10.8 percent in the first quarter.
The Fēnix drove Outdoor and the new Forerunner launch helped lift Fitness.
Gander Outdoors Opens Four More Locations
Gander Outdoors, formerly known as Gander Mountain, set grand opening celebrations for new stores in Bemidji, MN; Florence, AL; Kingston, NY and Sheboygan, WI.
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