Amid volatile stock market conditions, Yeti’s initial public offering were priced at $18, below the company’s projected range of $19 to $21. Yeti also sold 16 million shares in the offering, down from 20 million initially planned. On the company’s first day of trading on Thursday, shares fell $1.00, or 5.6 percent, to $17.
Author: sportsoneauthor
Boot Barn Rides Same Store Double-Digit Sales Growth To Q2 Beat
Boot Barn Holdings Inc. reported net income for the fiscal second quarter ended September 29 of $4.5 million, or 16 cents per diluted share, compared to net income of $1.1 million, or 4 per diluted share in the prior-year period. This beat Wall Street estimates by 3 cents.
Columbia Sportswear Raises 2018 Guidance On Earnings, Revenue Beat
Columbia Sportswear Co. on Thursday afternoon reported that net income for the third quarter ended September 30 increased 14 percent to $100.2 million, or $1.42 per diluted share, compared to third quarter 2017 net income of $87.7 million, or $1.25 per diluted share. The company’s earnings beat Wall Street estimates by 14 cents.
Deckers Lifts Guidance As Quarterly Earnings Surpass Predictions
Deckers Brands reported earnings in the third quarter jumped 50.1 percent to $74.4 million, or $2.48, from $49.6 million, or $1.54, a year ago. Revenues expanded 4.0 percent, led by a 28.4 percent gain for Hoka One One. Ugg’s sales dipped 1.0 percent.
Amer Sports Appoints Megan Porteous Digital Marketing Director
Amer Sports, the parent of Arc’teryx, Salomon and Wilson Sporting Goods, announced the promotion of Megan Porteous to the position of digital marketing director, Americas. In her new position, effective November 1, Porteous will oversee the company’s portfolio-wide transformation as an omnichannel marketing organization in the Americas region.
Callaway Golf Q3 Gains Lift From U.S. Momentum
With revenues in the U.S. running ahead 14.7 percent with the help of a good reception to the Rogue driver, Callaway Golf reported third-quarter earnings and sales exceeded guidance for the seventh straight quarter.
RECALL: Electric Skateboards
About 10,000 Electric Skateboards from Yvolve Sports are being recalled. The The tire on the skateboard can deflate posing a fall hazard to the user.
Varsity Spirit Partners With Fabletics
Varsity Spirit, the leader in cheer and dance educational camps and competitions, announced the company’s long-term partnership with Fabletics, the active lifestyle brand launched by Kate Hudson in 2013.
Sports Tech Startup Prevent Biometrics Acquires X2 Biosystems
Prevent Biometrics, the Cleveland Clinic spinoff that has developed a real-time system for monitoring head impacts in contact sports, announced that the company has acquired the head impact monitoring assets of Seattle-based X2 Biosystems. The transaction brings together the two leading head impact monitoring technologies,
Hyland’s To Sponsor The California International Marathon
Hyland’s Leg Cramps, designed for cramp relief among competitive athletes, has signed on as the Official Anti-Cramping Tablet of the California International Marathon.
Timberland Appoints Global Creative Director
Timberland appointed Christopher Raeburn to serve as global creative director for the brand.
Outdoor Research Invests With Sales Team Hires, New Technology Platform To Support Wholesale
Outdoor Research, the Seattle-based manufacturer of industry leading outdoor apparel and gear, hired Andy Burke as head of commercial sales. Burke comes to his new post from Prana, where he worked for more than six years as its national sales manager. In addition, Outdoor Research hired Dan Petersen as senior manager of corporate sales.
PlumRiver And Locally Expand Retailer Access
Procurement and b2b e-commerce provider PlumRiver LLC has partnered with Locally to bring product inventory assortments for multiple brands and endless-aisle, ship-to-store functionality to independent and specialty retail outlets.
Heidi Prior Joins America Outdoors As Business Development Specialist
America Outdoors, the leading association of outfitters, is pleased to introduce the newest member of the AO team, Heidi Prior, who will step into a new role as business development specialist.
Gazelle Bikes Expands Sales Team, Hires Jim Mercier As Eastern Regional Sales Manager
Gazelle Bikes, the 125-year-old Dutch brand, has bolstered the company’s sales management team with the hiring of Jim Mercier as Eastern regional sales manager to help meet the increased demand and growth goals of their line of electric bikes.
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