EXEC: Academy Sports CEO Remains Bullish on Sales Recovery

Academy Sports and Outdoors missed Wall Street’s earnings expectations for the second straight quarter on lower-than-expected sales but Steve Lawrence, CEO, told analysts he remains confident growth will improve in coming quarters as the chain benefits from a focus on newness and value while capitalizing on key selling occasions over the year.

EXEC: Havaianas owner Alpargatas Shows Modest Growth In Q1

Alpargatas, the Brazilian parent of the Havaianas, Rothy’s and Ioasys brands, reported net revenue reached Brazil Real (R$)931.8 million in the first quarter, climbing 3.2 percent compared to the same period in 2022. For the flagship Havaianas brand, strength in Brazil offset declines in the U.S. and Europe.

EXEC: Solo Brands CEO Outlines Early Progress on Turnaround Plan

Solo Brands, Inc. reported first-quarter sales and adjusted EBITDA topped expectations and noted progress is being made in repositioning its brands for growth. On an analyst call, Chris Metz, CEO, said Solo Stove saw improving DTC trends while Chubbies benefited from the early arrival of a shorts campaign.

EXEC: Vista Outdoor Sees Another Tough Year Ahead

Vista Outdoor, Inc.’s fourth-quarter results met expectations with sales at its Kinetic Group ammunition segment reaching the lower end of guidance while the Revelyst outdoor segment grew organically for the first time in nine quarters. However, conservative guidance was provided for the new fiscal year as market conditions in both the hunt and outdoor channel remain challenging.

EXEC: Topgolf Callaway CEO Eyes Sales Pickup for Golf Businesses in Back Half

Topgolf Callaway Brands reduced its sales outlook for the year due to weakness at Jack Wolfskin and currency headwinds seen in the first quarter, but officials on an analyst call said that overall profitability came in significantly better than expected and its Topgolf and Golf Equipment segments are both positioned to accelerate growth in the second half.

EXEC: Puma CEO Sees U.S. Returning to Growth in Second Half

Puma’s sales in the Americas region returned to growth in the first quarter due to gains in Latin America and overall strength in performance and retro footwear styles. North America delivered sequential improvement and remains on track to resume growth in the second half, Puma officials said on a media call.

Topgolf Callaway Lowers FY Sales Outlook on Wolfskin Softness, FX Headwinds

Topgolf Callaway Brands Corp. reported sales were in line and earnings topped expectations in the first quarter as strength at Topgolf and in the Golf Equipment segment offset double-digit declines in its Active Lifestyle. Full-year guidance was maintained for adjusted earnings but lowered for sales due to currency headwinds and weakness at Jack Wolfskin.

EXEC: Amer Sports Files for U.S. IPO

The parent of Wilson, Salomon, Arc-Teryx, and other sports and outdoor brands, filed for a long-expected U.S. initial public offering. In its prospectus, Amer touted the benefits of its “Transformation” program following its 2019 acquisition by an Anta Sports-led investor group that led to a brand-direct model, rapidly owned store expansion and accelerated growth in China.