Brazil’s Centauro Files For IPO

Grupo SBF SA, owner of Brazilian sporting goods chain Centauro, has requested authorization from securities industry regulator CVM for an initial public offering.

RYU Apparel’s Sales Double In Q3

RYU Apparel Inc., the urban athletic brand based in Vancouver, reported sales of $745,226 in the third quarter ended September 30, up from $331,700 during the same period in 2016.

Hibbett Sports Hikes Outlook After Q3 Beat

Hibbett Sports lifted its outlook for the year after reporting that underlying sales trends significantly improved in the third quarter. Comps were down 1.3 percent versus an 11.7 percent tumble in the second quarter with notable improvement in footwear, apparel and team equipment.

Foot Locker’s Shares Skyrocket On Hopeful Forecast 

Shares of Foot Locker Inc. vaulted $8.97, or 28.2 percent, to $40.82 on Friday after the sneaker powerhouse reported third-quarter earnings that topped Wall Street’s targets and indicated that results for the full year may exceed guidance. Foot Locker officials also outlined a number of steps it’s taking to revive top-line growth.

Athleta “On Fire” In Q3

“Simply put, Athleta is on fire,” said Art Peck, president and CEO, Gap Inc. “Top and bottom line momentum continues. We’re seeing exceptional growth outpacing the industry with operating margin expansion.”

Foot Locker Q3 Earnings Top Wall Street Targets

Richard Johnson, chairman and CEO, said in a statement, “Despite the highly promotional environment we still see in the marketplace, the availability of premium product is gradually improving compared to the first half of the year, and we believe we can achieve, and perhaps modestly exceed, the top- and bottom-line guidance we gave for the fourth quarter back in August.”

Wall Street Reacts: Dicks Q3

For the analyst community, Dick’s issuance of a poor outlook for 2018 indicates that the industry’s return to healthy, full-price selling will take longer than expected.