Top headlines from the active lifestyle industry you may have missed this week, including the outlook for U.S. apparel and footwear manufacturers being changed to positive from stable, according to Moody’s Investors. The agency cited the progress of companies like VF Corp. (pictured) in the report.
Category: Outdoor
Newell Brands Lifts Outlook On Q3 Beat
Newell Brands raised its guidance after reporting third-quarter earnings that exceeded Wall Street’s targets excluding a goodwill impairment charge. Sales in the Home & Outdoor Living segment slid in part due to lost distribution for Coleman at a key U.S. retailer.
L.L.Bean To Expand Presence In Canada
L.L.Bean announced its first-ever entrée into the Canadian wholesale and brick and mortar retail market this fall with an exclusive agreement with Jaytex Group to distribute a broad assortment of L.L.Bean products. Jaytex Group, a 40-year old company, is a Canadian distributor of high-quality brand name outerwear and apparel.
Vista Outdoor Shares Soar As Cost Savings Boost Earnings
Shares of Vista Outdoor Inc. rose $1.47, or 11.8 percent, at market close Thursday after the company’s earnings report revealed successful cost-cutting measures and highlighted both the recent divestiture of its eyewear brands and continued pursuit of shedding its firearms brands.
Oros Closes $5 Million Funding Round
Oros, a digitally native performance apparel brand based in Cincinnati, OH, has secured a $5 million financing round.
5.11 Shines For CODI In Q3 But Outlook Tempered As Investments Mount
Compass Diversified Holdings CEO Elias Sabo called tactical gear brand 5.11 a “significant driver” for CODI in the third quarter as 10.1 percent revenue growth surpassed the parent company’s expectations, but he also warned that heavy investments will take a toll on the brand’s earnings in the short term.
Granite Gear Grounds Keepers Removed Over 3,400 Pounds Of Trash From Trails and Parks
This year, with the collective goal in mind to leave our wild places better, the Granite Gear Grounds Keepers removed 3,400 pounds of trash from long trails, section hikes and parks around the country.
Emerald Expositions Grows Revenue & Income In Q3
Emerald Expositions Events Inc., which owns and operates the Outdoor Retailer shows, on Thursday reported financial results for the third quarter ended September 30, 2018.
Emerald Expositions Announces Resignation of President and CEO, David Loechner
Emerald Expositions Events Inc., which owns and operates the Outdoor Retailer shows, on Thursday announced that, with the agreement of the company’s board of directors, David Loechner has resigned his position as president and CEO and as a member of the board, effective as of the close of business on November 8.
Duluth Holdings Announces Opening of 44th Store in Oklahoma City
Duluth Holdings Inc. (dba, Duluth Trading Company), a lifestyle brand of men’s and women’s casual wear, workwear and accessories, on Thursday announced the grand opening of its 44th store in Oklahoma City, OK.
Vista Outdoor Lifts EPS Guidance On Cost-Reduction Initiatives
Vista Outdoor Inc. slightly raised its earnings guidance on an adjusted basis for the year as expectations for sales and earnings exceeded plans in the second quarter ended September 30. Shooting Sports segment generated sequential sales growth, while Outdoor Products segment sales remained flat adjusted for the sale of its eyewear brands.
Oboz Footwear Bolsters Design Team With Two Hires
Oboz Footwear announced that Brian Krezel and Bob Downs have joined its design team.
Fox Factory Q3 Revenues Soar 38 Percent
Fox Factory Holding Corp. reported earnings rose 50.9 percent in the third quarter as sales vaulted 38.0 percent.
Fitbit Beats On Q3 Earnings & Revenue
Global wearables brand Fitbit Inc. on Wednesday reported revenue for the third quarter ended September 29 of $394 million topping Wall Street estimates by $12.3 million. The company also reported GAAP net loss per share of 1 cent, beating estimates by 5 cents.
Sherpa Adventure Gear Partners With Apex Outdoor Sales
A team of five that services multiple retail channels in the outdoor industry, Apex Outdoor Sales, is primed to fuel growth for Sherpa Adventure Gear in the South Central United States.
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