The retailer is now reporting it is revising its EPS guidance downward, an announcement that sent M shares tumbling nearly 10 percent in pre-market trading on Wednesday, December 11.
Category: Outdoor
EXEC: Adidas HQ Raided Amid On-Going Tax Probe
Adidas has reassured stakeholders that it has compiled and has been cooperating with authorities over an extended period, furnishing them with the documentation and pertinent information required to the tax investigation.
EXEC: Far Bank Evolves European Distribution with UK-Based Guide Flyfishing
Guide Flyfishing will be taking over Scandinavian distribution responsibilities effective January 1, 2025, and throughout the Republic of Ireland beginning February 1, 2025.
Inov8 Founder is Back as CEO; Price Returns as Director
Wayne Edy, founder of Inov8, will again lead the company as CEO. Michael Price returns to the company as product and marketing director, having worked at Inov8 from 2016 to 2022.
EXEC: Sportsman’s Warehouse Beats Q3 Estimates; Raises Full Year Guidance
The retailer is one of the few beating estimates on the top- and bottom-line in Q3, surpassing revenue estimates by nearly $24 million and beating EPS estimates by 6 cents a share in the period. The results sent SPWH shares up in after-hours trading.
EXEC: Academy Execs Talk Q3 Results, Q4 Hopes and 2025 Initiatives, Including Big Nike Boost
The plan to expand the Nike busineess, along with a number of other key brand initiatives, is to launch in April with full assortments of men’s, women’s, and kids’ across footwear, apparel, and accessories along with a strong statement of sporting goods.
Academy Sports and Outdoors Narrows Full Year Outlook as Fiscal Q3 Comes Up Short
The retailer arrowed its fiscal 2024 guidance to net sales of $5.895 billion to $5.940 billion from previous guidance of $6.075 billion on the high side and missing Wall Street’s third quarter sales estimates.
CNBC/NRF: Retail Monitor Reinforces Online Shopping Strength in November
In today’s CNBC/NRF Retail Monitor report, the retail sales bounce back in October continued a moderate trend into November even as two of the holiday season’s busiest shopping days rolled over into December.
Puma Partners with Spinnova for Wood-Based Fiber
Puma has partnered with Finnish textile material innovation company Spinnova to develop “proof-of-concept products” from wood-based Spinnova fiber for future collections, particularly for products in Puma’s Sportstyle category.
DSW Parent Slashes Full Year Guide After Q3 Miss; Total Comps Fall 3.1 Percent
DBI reported fiscal third quarter net sales decreased 1.2 percent year-over-year to $777.2 million in the 13-week period ended November 7, short of the $802.14 million expected on Wall Street.
EXEC: Johnson Outdoors Hurt by Diving Decline, Layoff Costs, and Non-Cash Charges
Net loss for the fiscal year fell to $26.5 million, or a loss of $2.60 per diluted share, versus net income of $19.5 million, or EPS of $1.90 per diluted share, in the last fiscal year.
G-III Apparel Group Ups Full Year Profit Outlook as it Lowers Top-Line Guide
Net sales for the third quarter ended October 31, 2024 increased 1.8 percent to $1.09 billion compared to $1.07 billion in the prior-year Q3 period.
ORR Releases Annual State Rankings Based on $1.2T Economic Impact Report
The Outdoor Recreation Roundtable (ORR) announced its second annual rankings of state outdoor recreation economies based on the latest U.S. Bureau of Economic Analysis (BEA) data.
NRF: Retailers and Vendors Continue to Surge Goods Ahead of Strike and Tariffs
Hackett Associates Founder Ben Hackett said retailers are under pressure as they front-load cargo to avoid both the disruption of the strike and higher costs from the tariffs.
Vail Resorts Posts Flattish Fiscal Q1 Results in Historically Small Quarter
The company’s first fiscal quarter historically operates at a loss, given that its North American and European mountain resorts are generally not open for ski season. The quarter’s results were driven by winter operations in Australia and summer activities in North America.
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