Author: Thomas J. Ryan

EXEC: Kohl’s Q1 Dragged Down By Inflationary Pressures

EXEC: Kohl’s Q1 Dragged Down By Inflationary Pressures

Kohl’s Corp. reduced its annual earnings and sales forecast, as the department store chain joins a string of retailers stung with soaring inflation. Michelle Gass, Kohl’s chief executive officer, told analysts, “While the quarter started off strong with positive low single-digit comp growth through late March, in April, demand considerably weakened as we lapped last year's stimulus and as consumers started to experience inflationary pressures." (Read More)

EXEC: Planet Fitness Counting On Gen-Z To Drive Same-Store Sales

EXEC: Planet Fitness Counting On Gen-Z To Drive Same-Store Sales

Planet Fitness has seen a strong recovery from the pandemic, with the first quarter marking an all-time record-high for membership count, at 16.2 million members. To continue to drive same-store growth, Planet Fitness is looking to connect with teens. Planet Fitness CEO Chris Rondeau told analysts, "Gen Z was the fastest-growing demographic group of our membership in 2021." (Read More)

EXEC: SportChek’s Stellar Q1 Performance Boosted By Hockey’s Return

EXEC: SportChek’s Stellar Q1 Performance Boosted By Hockey’s Return

SportChek’s same-store sales grew 10.2 percent in the first quarter, boosted by a return to playing hockey and strong demand for skiing. Greg Hicks, Canadian Tire’s president and CEO, said on a call with analysts, “SportChek delivered its strongest Q1 on record, with comparable store sales up significantly as families returned to organized sport, namely hockey as well as skiing.” (Read More)

EXEC: Fox Factory’s Cycling Segment Delivers 44 Percent First-Quarter Growth

EXEC: Fox Factory’s Cycling Segment Delivers 44 Percent First-Quarter Growth

Fox Factory Holding Corp. said sales in its Specialty Sports Group (SSG), its cycling component segment, grew 43.5 percent in the first quarter year over year, to just under $170 million. Fox Factory’s CEO Mike Dennison, told analysts, “Our order book remains robust for the rest of 2022, supported by signs of improvement in supply chain capacity.” (Read More)

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