Dick’s Sporting Goods Inc. increased its 2018 earnings guidance for a third consecutive quarter as earnings easily beat Wall Street’s targets, thanks to stringent expense controls. Sales, however, came in lower than Wall Street’s targets due to the continued drag from hunt and activity trackers categories, weakness at Under Armour and flat footwear comps.
Category: Footwear
Tilly’s Q3 Profits Slide On Calendar Shift
Tilly’s reported third-quarter earnings fell 27.3 percent in the third quarter due to a calendar shift and landed at the low-end of guidance. Comps rose 4.3 percent, also at the lower end of guidance.
Nike Community Impact Fund Provides Grants To Detroit Youth Organizations
The Nike The Community Store in Detroit awarded $50,000 in grants to six local non-profits that focus on getting kids moving through play and sport so they can lead healthier, happier and more successful lives.
Triathlete’s Editor-in-Chief Erin Beresini Elevated To Editorial Director Of Pocket Outdoor Media
Erin Beresini, editor-in-chief of Triathlete, has been promoted to editorial director of Magazine & Digital Media for Women’s Running, Competitor Running, and VeloNews in addition to her current duties.
Sportsman’s Warehouse to Open Lansing, MI, Store in 2019
Sportsman’s Warehouse is opening a new store in Lansing, MI, in the summer of 2019. The Lansing location will introduce the Sportsman’s Warehouse brand to Michigan and will be the 93rd store in 24 states.
Dick’s Sporting Goods Raises Guidance After EPS Beat
Dick’s Sporting Goods Inc. on Wednesday raised full-year 2018 earnings per diluted share guidance to $3.15 to $3.25 from the previous range of $3.02 to $3.20 earnings per share after reporting a strong third quarter ended November 3.
Sportsman’s Warehouse Holdings Q3 EPS In Line With Estimates
Sportsman’s Warehouse Holdings Inc. on Wednesday reported diluted earnings per share for the fiscal third quarter ended November 3 of 29 cents. Adjusted diluted earnings per share of 26 cents was up from diluted earnings per share of 23 cents in the third quarter of fiscal year 2017 and in line with Wall Street’s targets.
NRF Sees Positive Start To Holiday Spending
From Thanksgiving Day through Cyber Monday, more than 165 million Americans shopped either in stores or online, surpassing the 164 million who had said they would shop in a consumer sentiment survey conducted ahead of the holiday, according to findings from the National Retail Federation and Prosper Insights & Analytics.
Skechers Donates Supplies For Those Impacted California Fires
Skechers is taking Giving Tuesday to heart in partnering with local non-profit organizations to donate much-needed goods for thousands of wildfire victims who have lost their homes and personal possessions after multiple disasters in Northern and Southern California. Additionally, the company is announcing a state-wide fundraising campaign at Skechers California retail stores through the holiday season.
Fun Socks Partners With Delivering Good
On November 27’s Giving Tuesday, Fun Socks, a division of United Legwear and Apparel Co. (ULAC), announced a formalized partnership with Delivering Good (formerly K.I.D.S and Fashion Delivers). The program, entitled Delivering Fun, will operate under the “1-for-1” model: one pair of socks for every pair purchased.
Hibbett Still Upbeat On Holiday Despite Q3 Miss
Hibbett Sports Inc. slightly lowered its full-year earnings guidance after reporting third-quarter earnings that just missed Wall Street’s targets. But e-commerce continues to outperform and Hibbett officials are hopeful footwear growth will accelerate in th fourth quarter promising offerings from Nike, Adidas and a number of smaller brands. Apparel, helped by the addition of Champion and Fila, is expected to continue to see robust growth.
Cyber Monday Breaks Online Sales Record
Cyber Monday is projected to hit $7.9 billion by the end of the day, making it the largest online shopping day of all time in the U.S., according to Adobe. This represents a 19.7 percent increase year-over-year year-over-year as of 7:00 p.m. ET.
Pocket Outdoor Media To Host Media Hub At The Running Event
Competitor Running, Women’s Running, Triathlete, and VeloPress will host the Official Media Hub of The Running Event 2018 tradeshow from November 28 to 30 at the Austin Convention Center.
Merrell Joins The Ragnar Trail Series As The Official Footwear Partner
Merrell has announced a partnership with Ragnar Trail Series as the official footwear sponsor of the 2019 and 2020 seasons.
Dick’s Sporting Goods Commits $6 Million To Youth Sports
Today on Giving Tuesday, Dick’s Sporting Goods and The Dick’s Sporting Goods Foundation, announced a $6 million commitment to support youth sports teams in need. Since 2014, Dick’s and the Dick’s Foundation have committed over $55 million and have supported more than one million young athletes through its Sports Matter initiative.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal