Yeti Raises Outlook On Better-Than-Expected Q3

Yeti Holdings, Inc. slightly raised its guidance for the year after reporting third-quarter results that topped Wall Street analysts’ targets. Sales grew 23 percent in the quarter on top of 29 percent growth in the 2019 quarter.

Mizuno’s Sales Climb 28 Percent In Fiscal Half

Mizuno Corp. reported a significant rebound in profits in the six months ended September 30 as sales grew 28.4 percent. The sales gains were helped by strong sales in golf and running, especially in the Americas and EMEA.

Nike Extends Partnership With U.S. Soccer

The U.S. Soccer Federation and Nike have announced a long-term agreement to extend its partnership that began in 1995. The scope of the integrated partnership makes it the largest commercial agreement in U.S. Soccer history.

Adidas Shaves 2021 Forecast On Sourcing Disruptions

Adidas slightly lowered its full-year sales and profit forecasts, citing sourcing disruptions and a tough market environment in China after third-quarter results missed analyst expectations. Currency-neutral sales in the third quarter increased 3 percent. On a currency-neutral basis, revenues in EMEA and North America both grew 9 percent, Latin America surged 55 percent and Asia-Pacific fell 8 percent. 

Retail Imports Near Record Pace Despite Port Congestion

Imports at the nation’s congested container ports are expected to remain at near-record levels for the remainder of the year as retailers rush to move merchandise from docks to shelves in time to meet the expectations of holiday shoppers, according to the monthly Global Port Tracker report released by the National Retail Federation.