Sturm, Ruger & Co. Inc. on Wednesday reported net sales for the third quarter ended September 29 of $114.9 million and diluted earnings of 52 cents per share, falling short of Wall Street expectations by $14.9 million and 40 cents, respectively.
Author: SGB Media
Fox Factory Q3 Revenues Soar 38 Percent
Fox Factory Holding Corp. reported earnings rose 50.9 percent in the third quarter as sales vaulted 38.0 percent.
Compass Diversified Holdings Posts Revenue Bump, Income Slide
Compass Diversified Holdings reported revenue for the third quarter ended September 30 of $448.7 million, up 38.5 percent from $324 million a year ago and beating Wall Street estimates by $39.2 million. The company’s net income was $5.8 million, as compared to net income of $8.4 million for the quarter ended September 30, 2017.
Fitbit Beats On Q3 Earnings & Revenue
Global wearables brand Fitbit Inc. on Wednesday reported revenue for the third quarter ended September 29 of $394 million topping Wall Street estimates by $12.3 million. The company also reported GAAP net loss per share of 1 cent, beating estimates by 5 cents.
Winchester’s Profits Hurt By Higher Commodity Costs
Winchester’s EBDITA fell 30.9 percent in the third quarter ended September 30 as sales dropped 5.3 percent, according to the ammunition maker’s parent, Olin Corp. On a conference call with analysts, John Fischer, Olin’s CEO, said the company now expects overall 2018 commercial demand in the Winchester segment to decline by approximately 20 percent in 2018, which follows a 17 percent decline in commercial demand in 2017.
Sherpa Adventure Gear Partners With Apex Outdoor Sales
A team of five that services multiple retail channels in the outdoor industry, Apex Outdoor Sales, is primed to fuel growth for Sherpa Adventure Gear in the South Central United States.
Good To-Go Continues To Expand Production Facility, Staff
Elevating expectations of what prepared meals can taste like continues to be a big job for Maine’s Good To-Go. This fall, the brand completed a 900 square foot addition to the new building the company built two years ago, while adding another two members to the office and three to production.
Dometic Continues Its Support Of Tread Lightly With New Contest
Dometic is excited to announce the winner of the trail clean-up contest the company has been running on social media in partnership with Tread Lightly.
Intersport Appoints New CEO
IIC-Intersport International Corporation GmbH (IIC) said Steve Evers, the current vice chairman of the IIC Board, was nominated as the new CEO. He will start in his new position early 2019. Victor V. Duran stepped down from his position as IIC CEO by mutual agreement with immediate effect.
More Than $2 Million Raised For Kids At 10th Annual Skechers Pier To Pier Friendship Walk
The Skechers Foundation broke new fundraising records for children with special needs and education at Sunday’s 10th annual Skechers Pier to Pier Friendship Walk, surpassing $2 million in contributions and totaling over $11 million since the Walk’s launch.
Brunswick Names Jason Worthy As President – Fitness Division
Brunswick Corporation (BC) announced that Jason Worthy, a fitness industry veteran with more than 20 years of fitness industry experience, most recently as vice president and general manager of fitness solutions for Life Fitness, has been named president of Brunswick’s Fitness division.
Garmin Lifts Outlook On Robust Growth
Garmin Ltd. reported adjusted earnings rose 32 percent in the third quarter ended September 29, easily ahead of Wall Street’s target. Revenues rose 8 percent. Strong gains were seen by the Marine segment, running up 28 percent; Aviation, 17 percent; Fitness, 14 percent and Outdoor, 13 percent. Garmin lifted the company’s full-year EPS guidance.
Nike Extends Deal With Tottenham Hotspur
Nike has extended the company’s deal with Tottenham Hotspur until 2033.
Big 5 Sporting Goods Corp. Misses On Q3 Revenue, Earnings
Big 5 Sporting Goods Corporation on Tuesday reported financial net sales for the third quarter ended September 30 of $266.4 million, down from net sales of $270.5 million for the third quarter of fiscal 2017.
NSAA Welcomes Two New Members To Board Of Directors
The National Ski Areas Association (NSAA) on Tuesday announced two new members to the association’s board of directors: Wesley (Wes) Kryger (president, Greek Peak and Toggenburg mountains) and J.R. Murray (general manager, Arizona Snowbowl).
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