Deckers Brands reported earnings vaulted 106 percent in the fiscal fourth quarter ended March 31 as sales gained 31.2 percent. Sales gained 24.7 for Ugg and 59.7 percent for Hoka One One. Sales for the year grew 24 percent and the company guided FY23 growth to be in the range of 10 percent to 11 percent. (Read More)
VF Corp. reported sales rose 12 percent on a currency-neutral basis in the fiscal fourth quarter ended April 2 with sales ahead 24 percent for The North Face and 2 percent for Vans. Earnings per share were ahead 67 percent with both earnings and sales in line with Wall Street targets. For the current fiscal year, VF's revenue is expected to climb at least 7 percent in constant dollars with low double-digit growth at The North Face and mid-single-digit growth at Vans. (Read More)
Pelican International, Inc, has acquired a majority stake in GSI Outdoors. The acquisition is part of Pelican's push to diversify its offering in the North American and international outdoor market. (Read More)
United Wheels, Inc., the parent company of Huffy, Niner, Batch, VAAST, and Royce Union has appointed Bruno Maier as president and COO. Claude Jordan, CEO for four years, is retiring but will remain as a senior advisor during the transition. (Read More)
Moody's Investors Service placed the ratings of Vista Outdoor, Inc. under review for downgrade following its announcement on May 5 that it plans to separate its Outdoor Products and Sporting Products segments into two independent, publicly-traded companies. (Read More)
Canada Goose Holdings Inc forecast annual earnings and revenue above Wall Street expectations after reporting a surprise fiscal fourth-quarter profit. (Read More)
Kohl's reported earnings in the first quarter came in well below Wall Street's targets as same-store sales fell 5.2 percent. The retailer significantly lowered its guidance for the year. (Read More)
Under Armour, Inc. announced that Patrik Frisk will step down as president and CEO and as a member of its Board of Directors effective June 1, 2022. The board has initiated an internal and external search for Frisk's replacement. Colin Browne, Under Armour's COO, has taken the helm as interim president and CEO effective June 1, 2022. (Read More)
Faxon Firearms, a Cincinnati, OH-based manufacturer of rifle and pistol components, and complete firearms, appointed Jack Jameson as director of sales. (Read More)
The TJX Companies, Inc. reported earnings in the first quarter topped Wall Street's guidance, but sales were below plan, and the retailer lowered its U.S. growth guidance for the year. (Read More)
