Brunswick Corporation reported net earnings of $94.6 million, or 96 cents per diluted share, for the first quarter of 2005, up 97.1% from net earnings of $48.0 million, or 50 cents per diluted share, for the year-ago quarter. Results for the first quarter
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Greg Norman Collection Posts 20% Sales Increase
Greg Norman Collection announced that its net sales increased 20% in its first quarter ended March 31, 2005. This represents the ninth consecutive quarter of double-digit sales growth for the company. The company also reported improved operating profits f
Nike Sues adidas in U.S. Court over Stripe Fight…
Nike, Inc., fresh off a ten year battle in Spain that gave them rights to their brand name there, has decided to challenge their top global competition’s recent victories over any company using stripes as decoration on apparel. It will be the Swoosh ver
Schutt Sports Gets Capital Infusion for Growth…
Schutt Sports got a shot in the arm last week as private equity firm Gridiron Capital LLC took a majority stake in the team sports company. There are no changes planned for the company and Julie Nimmons will remain at the helm of Schutt…
Golfsmith Expanding Tennis Specialty Format…
Golfsmith International Holdings, Inc. has revamped its positioning strategy to add tennis centers in up to 60% of its stores in major tennis markets by summer 2005. The retailer, which currently operates 46 superstores, recently began operating tennis c
K2 Inc. Takes Q1 Hit on Higher Operating Expenses; In-line Weakness Hurts Growth…
K2’s diversification seems to be paying off by balancing the seasonality of the different businesses and compensating for any unseasonable weather-related issues that have been plaguing many other manufacturers. Still, the balance didn’t help the bottom l
Timberland Posts Solid Q1, But Sees Slower U.S. Boot Business in Q2 and Q3…
The Timberland Company saw a further shift of its business to the International side of the scale in the first quarter as both reported and constant dollar sales outpaced the Domestic gains. The company did get a lift in late season boot sales in the Nor
Wolverine Sees More Balanced Results, But Outdoor Still Driving Growth…
Wolverine World Wide, Inc. got fairly balanced performances from each of their divisions in the first quarter ended March 26, with all groups reporting “solid” revenue growth and double-digit earnings gains for the period, but the Outdoor Group, which inc
Head Sport AG Moves More of Tennis Racquet Production to China…
Head Sport AG has decided to outsource 90% of its tennis racquet production from its European sites in Kennelbach, Austria and Èeské Budejovice, Czech Republic to China. The move is in response to the sharp rise in the Euro-Dollar exchange rates over the
Oakley Starts the Year Off Right…
Oakley seems to be adjusting to the sunglass market’s move to more fashion-oriented eyewear while at the same time boosting the bottom line through its multi-channel distribution strategy. While most production issues with Oakley sunglasses seem to have b
Zumiez Prices IPO; Shareholders to Get 35% of Proceeds…
Zumiez, the 140-door action sports retailer that is gearing up for an Initial Public Offering, filed an amended S-1 with the SEC on Thursday pricing 1.875 million shares in the $15 to $17 per share range. At that range, the total raised in the IPO would b
Deckers Shows Solid Q1 Performance, But Cracks Beginning to Show; Shares Fall…
Despite hitting its estimates for sales and earnings for Q1, Deckers saw its shares plunge more than 25% last week after the company started to show some weakness in its core Teva business. Analysts may also be spooked a bit by the reliance placed on the
Callaway Golf’s Q1 Takes a Bigger Hit in the International Markets…
Callaway Golf Company took its medicine from the Street two weeks ago when it pre-warned that sales and earnings for the first quarter would fall well short of expectations. Callaway delivered its bad news for the quarter in earnest last week, revealing
Acushnet Q1 Sales Growth Tempered by New Product Intro Shift…
Fortune Brands reported a record first quarter for its Acushnet Golf division, which includes the Titleist, Cobra, and FootJoy brands, as sales for the period increased 1.0% to $343 million, compared to $338.9 million in the year-ago period. Sales had ju
Don Ruttenberg Sentenced in Just for Feet Fraud Case…
A U.S. district judge on Monday sentenced former Just for Feet EVP Don-Allen Ruttenberg to spend 20 months in prison and pay a $50,000 fine. Ruttenberg, son of JFF founder Harold Ruttenberg, received the sentence based on his April 2004 guilty plea to co
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