Hibbett Inc. raised its outlook for the year after reporting second-quarter results that came in well above Wall Street targets. Same-store sales declined 6.4 percent year over year but represented a surge of 72.8 percent compared to the second quarter of 2019.
Category: Footwear
Wolverine Worldwide Provides Update On Actions To Optimize Capital Structure
Wolverine World Wide Inc. provided an update on actions it has taken to increase the liquidity and flexibility of its capital structure, primarily through the sale of $550 million of 4.000 percent Senior Notes due 2029.
Golf Rounds Played Slide In July
U.S. golf rounds played were down 3.9 percent in July 2021 against a surge in play in the year-ago period due to the pandemic, according to Golf Datatech. For the year-to-date period, rounds played are ahead 16.1 percent.
SFIA Endorses Ocean Shipping Reform Act
SFIA announced it supports Congress in its recent proposed legislation to ease U.S. companies’ challenges regarding shipping during the pandemic.
Burlington Stores Sees Q2 Sales Expand 34 Percent Against 2019 Quarter
Burlington Stores Inc. reported profits on an adjusted basis rose 46.2 percent in the second quarter ended July 31 and sales grew 34 percent compared to the second quarter of 2019.
Nike Aims To Reduce Carbon Footprint
Nike is exploring the use of AirCarbon, a carbon-negative biomaterial produced by microorganisms from the ocean through a partnership with Newlight Technologies.
Under Armour Founder To Sell Stock
Kevin Plank, founder, executive chairman and brand chief of Under Armour, plans to sell up to 5 million shares of Under Armour stock, according to a regulatory filing.
GOA ‘Connect’ Show Early Registration, Vaccine Requirement And Expanded Refund Policy
GOA announced that advance registration is open for its annual ‘Connect’ buying show at the Kansas City Convention Center, scheduled for November 8-11, 2021. Attendees will be required to show proof of vaccination, with an expanded refund policy.
Dick’s SG Hikes Outlook As Second Quarter Crushes Analyst Targets
Dick’s Sporting Goods strongly raised its guidance for 2021 after reporting second-quarter earnings that came in well above Wall Street targets. Sales in the quarter increased 20.7 percent compared to the second quarter of 2020 and increased 45.0 percent compared to the second quarter of 2019. The company also announced a special dividend of $5.50 per share, a 21 percent increase in its quarterly dividend to $0.4375 per share and an increase in its planned share repurchases to a minimum of $400 million.
Shoe Carnival’s Earnings Surge In Second Quarter
Shoe Carnival Inc. reported earnings in the second quarter ended July 31 increased four-fold as same-store sales grew 11.4 percent. Results came in well above company guidance.
Anta Sports Posts Mega First Half Gains
Anta Sports Products Ltd. reported revenues grew 55.5 percent in the first half against a year ago and 54.0 percent compared to the same period of 2019.
Moody’s Finds Authentic Brands’ Announced Reebok Purchase Has No Immediate Impact On Ratings
Moody’s Investors Service said that Authentic Brands’ proposed debt-financed acquisition of Reebok has no immediate impact on its credit ratings.
Nordstrom Raises Revenue Forecast As Sales Revive
Nordstrom Inc. raised its guidance for the year after reporting second-quarter results that topped expectations. Core categories of shoes, apparel and accessories experienced the largest improvement in sales trends relative to the first quarter. In addition, sales in active, home and designer categories continued to grow versus 2019.
New Balance Launches New Balance Renewed
New Balance has launched New Balance Renewed, which aims to extend the life of imperfect or returned items, helping to keep them out of landfills.
PGA Golf Exhibitions Provide Update On 2022 In-Person PGA Show
PGA Golf Exhibitions, in partnership with the PGA of America, is moving forward with previously announced PGA Show initiatives for its 69th annual flagship event, January 25-28, 2022, in Orlando, FL.
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