SGB Executive Apparel

EXEC: Nike Hit By Analyst Estimate Cuts Ahead of Earnings Report

Ahead of Nike’s quarterly report next week, several analysts reduced their EPS targets for Nike’s fiscal year ended May 31, 2025, on weaker-than-expected sales in the first half of the current fiscal year and concerns about how quickly investments the company has made in innovations will take hold.

Report: Troubling Decline in Core Outdoor Participants

Among it’s findings, the OIA 2024 Outdoor Participation Trends Report found that the average number of outings per participant in 2023 fell 11.4 percent from 70.5 per participant in 2022 to 62.5 outings per participant in 2023.

Delta Group President Resigns

Delta Apparel said in a regulatory filing that Matt Miller, president of Delta Group, the company’s largest segment, had submitted his resignation. Miller’s exit follows Delta’s announcement on May 31 that longtime Chairman and CEO Robert Humphreys will resign from his role with the company, effective June 29, at the request of Delta’s independent board directors.

EXEC: Academy Sports CEO Remains Bullish on Sales Recovery

Academy Sports and Outdoors missed Wall Street’s earnings expectations for the second straight quarter on lower-than-expected sales but Steve Lawrence, CEO, told analysts he remains confident growth will improve in coming quarters as the chain benefits from a focus on newness and value while capitalizing on key selling occasions over the year.