Delta Apparel reported sales grew 6.9 percent in the third quarter ended July 2, driven by growth at the Salt Life lifestyle brand, the DTG2Go on-demand digital print business and Global Brands activewear unit. With continued growth expected in the fourth quarter, Delta expects to exceed its goal of 10 percent revenue growth for the fiscal year. (Read More)
Johnson Outdoors reported a sharp decline in earnings in its fiscal third quarter ended July 1 due to supply chain challenges, especially within its fishing segment, as well as rising raw materials costs also tied to supply chain dynamics. Helen Johnson-Leipold, chairman and CEO, told analysts, “We’ve implemented price increases across our product lines and we're focused on fulfilling demand and reducing our expenses where possible.” (Read More)
Callaway Golf Company reported strong second-quarter results driven by the continued strength of all three of its business segments. Total net revenue was just over $1.12 billion, up 22.1 percent versus the year-ago Q2 period. (Read More)
Acushnet Holdings Corp. raised its sales guidance for the year as the parent of Titleist and Footjoy was able to catch up on inventory shortages to drive second-quarter results above expectations. (Read More)
Adidas AG reported currency-neutral sales grew 4 percent in the second quarter, constrained by the impact of last year's lockdowns in Vietnam, the suspension of operations in Russia and continued COVID-19-related lockdowns in Greater China. Despite expectations for continued macroeconomic pressures, CEO Kasper Rorsted vowed to analysts that Adidas would accelerate growth in the second half. (Read More)
