Under Armour’s Q1 Tops Wall Street’s Targets

Under Armour Inc. reported break-even results in the first quarter, exceeding Wall Street’s expectation. Sales also came in slightly ahead of expectations. Sales in North America were flat while international growth was 27 percent. The company maintained its guidance for the year.

Vista Outdoor To Explore Divestitures On Non-Core Brands

Vista Outdoor Inc. reported that the company plans to explore the divestiture of the Sports Protection brands (e.g. Bell, Gir, and Blackburn), Jimmy Styks paddle boards, and Savage and Stevens firearms as part of a strategic business transformation plan.

HanesBrands’ Q1 Tops Guidance

HanesBrands reported adjusted earnings in the first quarter declined 10 percent in part due to raw material inflation but earnings topped guidance. Sales grew 7 percent on robust growth internationally and high-single-digit growth for Champion domestically.

NFHS Appoints Executive Director

The National Federation of State High School Associations (NFHS) has selected Dr. Karissa Niehoff, executive director of the Connecticut Association of Schools-Connecticut Interscholastic Athletic Conference (CAS-CIAC) the past seven years, as the organization’s next executive director.

Yue Yuen Issues Profit Warning

Yue Yuen Industrial Ltd. said it expects to record a decrease of around 20 percent to 25 percent in profit for the three months ended March 31. 

Nike Appoints New GM Of Global Categories

Nike Inc. announced that Amy Montagne has become the new VP, GM of global categories. Nike also confirmed that Kellie Leonard has become its first-ever chief diversity and inclusion officer.