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Aisle Talk Week Of May 3, 2021

Aisle Talk Week Of May 3, 2021

The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of April 26, 2021 covered in the SGB Updates and delivered to your inbox every business day. This week’s Ambassador Athlete is Kimi Werner, Professional Freediving Spearfisherwoman and sponsored athlete working with Patagonia, Yeti, OluKai, and Costa. (Read More)

Inside The Call: Peloton Reduces Sales Outlook Following Massive Treadmill Recall

Inside The Call: Peloton Reduces Sales Outlook Following Massive Treadmill Recall

Peloton Interactive Inc. reported sales more than doubled in its third quarter ended March 31 and indicated delivery wait times improved. However, a controversial recall of its treadmills is now expected to pull down revenue and profit going forward. CEO John Foley told analysts, “We're going to take some short-term financial pain to be able to invest in building something that's built to last for decades." (Read More)

Vista Outdoor Sees Continued Outdoor Tailwinds

Vista Outdoor Sees Continued Outdoor Tailwinds

Vista Outdoor Inc.’s sales grew 40 percent in the fourth quarter ended March 31 with robust growth across its Outdoor Products and Shooting Sports segments. Management sees few signs of a slowdown in demand. Vista's CEO Chris Metz told analysts, “The pandemic accelerated many of the consumer trends that were already in motion and we believe will help fuel our continued success and FY22 and beyond." (Read More)

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