Author: Thomas J. Ryan

EXEC: G-III Apparel’s Q1 Benefits From Wardrobe Upgrades

EXEC: G-III Apparel’s Q1 Benefits From Wardrobe Upgrades

G-III Apparel said it’s still finding growth from its casual categories, including jeans and athleisure, but its above-plan first quarter was driven by a pivot toward dressier offerings. Morris Goldfarb, G-III chairman and CEO, told analysts, “As people go back to work, resume socializing and life continues to return to normal, customers are shopping to refresh their wardrobes, and demand for our product remains strong.” (Read More)

EXEC: Zumiez Misses Q1 EPS Guidance And Lowers Full-Year EPS Outlook

EXEC: Zumiez Misses Q1 EPS Guidance And Lowers Full-Year EPS Outlook

Zumiez reported first-quarter sales declined sharply due to tough year-ago comparisons but were at the high end of guidance. Earnings, however, fell short of guidance. Rick Brooks, CEO, told analysts, “The operating environment has become increasingly more challenging due to the supply chain bottlenecks, higher logistics costs, a tight labor market, and high levels of inflation.” (Read More)

EXEC: Sportsman’s Warehouse Warns On Inflationary Pressures

EXEC: Sportsman’s Warehouse Warns On Inflationary Pressures

Sportsman's Warehouse reported first-quarter results that topped expectations but warned that the high inflation rate influenced consumer shopping habits, including higher-ticket items. CEO Jon Barker told analysts, "Although there is inflationary pressure impacting the consumer, we believe that our positioning as a value-priced leader will allow us to capture additional market share of those people seeking to enjoy the benefits of the outdoors.” (Read More)

EXEC: Peloton’s CEO Discusses “Customer Love” At J.P. Morgan Conference

EXEC: Peloton’s CEO Discusses “Customer Love” At J.P. Morgan Conference

At the J.P. Morgan Global Technology, Media and Communications Conference, Barry McCarthy, Peloton Interactive’s new president and CEO, discussed the many challenges facing Peloton, including costs and supply chain, but also about the “customer love” that encouraged him to take the job and tackle the turnaround opportunity. (Read More)

EXEC: Hibbett Remains Bullish On Second-Half Sales Recovery

EXEC: Hibbett Remains Bullish On Second-Half Sales Recovery

Hibbett, Inc. reported that first-quarter earnings were in line with expectations but down against a year-ago period that was boosted by federal stimulus spending. However, improving inventory levels encouraged Hibbett officials to reiterate its outlook for the year calling for a return to growth in the second half. Inflationary pressures also aren’t considered much of a concern. (Read More)

Genesco Overcomes Journeys’ Inventory Challenges To Deliver Q1 Beat

Genesco Overcomes Journeys’ Inventory Challenges To Deliver Q1 Beat

Genesco Inc.'s first-quarter earnings came in well above Wall Street estimates as a rebound in its Schuh and branded businesses helped offset inventory shortages faced by its flagship Journeys chain. Mimi Vaughn, Genesco president and CEO, told analysts, “I’ve been describing the current fashion cycle as shifting away from fashion athletics more into casual, which plays into Journeys’ strength." (Read More)

EXEC: Dick’s SG Remains Bullish Despite Outlook Cut

EXEC: Dick’s SG Remains Bullish Despite Outlook Cut

Shares of Dick's Sporting Goods closed up nearly 10 percent on Wednesday despite the retailer slashing its guidance for the year due to broader macroeconomic pressures. Lauren Hobart, CEO, told analysts the revision was pre-cautionary while expressing confidence that Dick’s would continue to benefit from the sports and outdoor hobbies began during the pandemic. (Read More)

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