Category: Outdoor

Sportsman’s Guide 2002 Up 43% on 6.2% Sales Increase

February 19, 2003 SGB Update

The Sportsman's Guide reported sales were $180.3 million for the year ended December 31, 2002, an increase over the $169.7 million reported for 2001. The Company recorded net earnings of $4.0 million, or $0.80 per fully diluted share, for the year,

Gart Sports Q4 Comps Down 3.2%; Reaffirms Guidance

February 18, 2003 SGB Update

Gart Sports Company reported that it expects to meet its prior earnings guidance for the fourth quarter 2002 of $1.03 per fully diluted share and full year 2002 of $1.86 per fully diluted share.

Total sales for the 13 weeks ended February 1, 2003, were

K2 Inc. Completes Debentures Transaction

February 18, 2003 SGB Update

K2 Inc. announced it has completed the transaction with k1 Ventures Ltd., a Singapore-based investment company, in which K2 sold $25.0 million of its 7.25% convertible subordinated debentures due March 2010…

Russell Firing On All Cylinders…

February 17, 2003 SGB Update

Shares of Russell Corporation rose 4.5% for the week, closing at $15.68 on Friday. The company reported lower Q4 sales and stronger earnings on Thursday…

Saucony Runs with Core Business…

February 17, 2003 SGB Update

Based on results for the fourth quarter and full year 2002, Saucony is already starting to reap the benefits of the strategy the company put in place in mid 2001 to right-size the business and focus on its core consumer…

K2/Rawlings Vote Scheduled…

February 17, 2003 SGB Update

K2 Inc. has set the vote on the proposed acquisition of Rawlings Sporting Goods Inc. for March 26, 2003. The special shareholder meeting is scheduled to be held in Los Angeles, CA. Investors of record on February 24, 2003 will be eligible to participat

K-Swiss is Just Getting Started…

February 17, 2003 SGB Update

The acquisition of Royal Elastics and the launch of the National Geographic footwear line were disappointments in 2002, but K-Swiss expects moves made with both brands to bear fruit in the coming year. The K-Swiss Classics business will continue to fuel

… As The SEC Opens Vail Probe…

February 17, 2003 SGB Update

Vail Resorts, Inc. revealed that the SEC has issued a formal order of investigation with regard to how the resort tallies initiation fees for its private clubs…

Goldenberg Promoted to COO at X-Sports

February 14, 2003 SGB Update

X-Sports, Inc. announced that Eric M. Goldenberg has been elected Chief Operating Officer of the Company, effective immediately. Goldenberg previously was Vice President of Sales. He continues to report directly to Xavier Anguiano,
X-Sports’ President an

Vail Resorts, Inc. Reveals SEC Probe

February 13, 2003 SGB Update

Vail Resorts, Inc. announced that the Securities and Exchange Commission (“SEC”) has informed the Company that the SEC has issued a formal order of investigation with respect to the Company…

Benjamin Russell Will Retire From Russell Board

February 13, 2003 SGB Update

Russell Corporation announced that Benjamin Russell will retire as a member of its Board of Directors at the company's annual meeting in April 2003. Russell, 65, has been a member of the board since 1963…

Hibbett, Wal-Mart, Kohl’s Continue Solid Gains…

February 10, 2003 SGB Update

Quick – What do Hibbett and Wal-Mart have in common other than owning small-town markets?
The two, along with Costco and Kohl’s, are the ONLY retailers in the chart on the following chart that reported positive same-store sales growth for January against

Timberland Sees Reduced 2002 Earnings; Sales Inch Up 0.6%

February 6, 2003 SGB Update

The Timberland Company reported results for the quarter and year ended December 31, 2002. Revenue for the fourth quarter totaled $357.0 million, 4.7% higher than the $341.1 million reported for the fourth quarter of 2001. Earnings were $27.1 million for

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