Mizuno Corp. reported a small gain in its fiscal first quarter ended August 3 as strength in its home market of Japan helped offset a poor performance in the Americas region and the impact of currency-headwinds.
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Danskin Leads Iconix’s Sports Brands in Q2
Iconix Brand Group said Danskin continues to find growth at Wal-Mart.
Dorel Sports Logs Steep Q2 Loss On Charges
Dorel Industries Inc. reported that its Dorel Sports segment showed a steep loss in the second quarter after restructuring charges.
Escalade’s Q2 Sales Expand Double Digits
Escalade Inc. reported net sales for the second quarter of 2016 of $48.5 million, or 10.7 percent higher compared to net sales of $43.8 million for the same quarter in 2015.
Adidas Q2 Boosted by U.S. Momentum
Adidas AG reported sales grew 25.6 percent in North America in the second quarter, accelerating from a gain of 21.6 percent in the first quarter.
Sturm, Ruger & Co. Surprises With Succession Plan
Sturm Ruger & Company delivered another robust quarter as overall firearms sales continue to benefit from concerns over potential gun-control legislation.
Crocs’ Shares Crash On Reduced Outlook
Shares of Crocs Inc. fell 23.3 percent, to $8.44 on Aug. 3, after the cushy shoe maker missed top and bottom line expectations for the second quarter and lowered its guidance for the year.
Wolverine World Wide Appoints New Heritage Group President
Wolverine World Wide appointed Mike Jeppesen. president of the company’s Global Operations Group, to an expanded role as president of the Wolverine Heritage Group, which includes the Wolverine, Bates, Harley-Davidson and HyTest brands.
Fitbit Q2 Sales Vault on New Products
Although profits fell due to continued investments in research and marketing, Fitbit Inc. continued to defy critics by reporting sales that kept surging ahead in the second quarter.
Nike Acquires Virgin Mega
Nike Inc. said it acquired Virgin Mega, a 12-person startup that is part of Richard Branson’s Virgin Group.
Sturm, Ruger & Co. Names CEO Successor
Sturm, Ruger & Company, Inc. named President & Chief Operating Officer Christopher J. Killoy as Michael O. Fifer’s successor to the role of CEO.
Hanesbrands’ Q2 Impacted by Activewear and Innerwear Weakness
Although earnings just missed Wall Street’s quarterly profit targets, officials assured investors that its guidance for the full year remained in line with plans.
Big 5 Fights Off Liquidation Pressures in Q2
Big 5 Sporting Goods reported earnings fell 19.2 percent in the second quarter due to the impact of liquidation sales by Sports Authority and Sport Chalet but they still came in ahead of internal expectations.
Fitbit Exceeds Q2 Views, Reaffirms Full-Year Guidance
Fitbit Inc. reported earnings in the second quarter fell sharply but came in ahead of Wall Street’s estimates for second-quarter sales and earnings.
Big 5’s Q2 Earnings Drop
Big 5 Sporting Goods Corp. reported earnings slid 19.2 percent in the second quarter as same-store sales declined 1.7 percent.
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