SGB Executive Outdoor
Shimano Pares Forecast Again as First Half Sales Trends Worsened
Shimano, Inc. again slightly lowered its outlook for the 2023 full year after reporting earnings declined in the first half on a 13.3 percent revenue decline, accelerating the decrease seen in the first quarter.
Adidas Ups Full-Year Guidance After Prelim Q2 Results Show Yeezy Sales Bump
Adidas now expects currency-neutral revenues to decline mid-single-digits in 2023, compared to prior guidance of a high-single-digit decline. Adi now expects to report an operating loss of €450 million in 2023 compared to the previously guided loss of €700 million.
Fenix Outdoor Posts Q2 Sales and Profit Declines on Retail Inventory Issues
Sales declined 6.5 percent in what the company described as a “very challenging” quarter. Fenix is the latest to attribute sales decreases to the over-inventory position of outdoor products at retail and the retailers’ inability to refill their inventory as needed.
Rapala VMC Cutting Jobs, Looking for Cash as H1 Results Disappoint
Rapala VMC reported that current market conditions continue to pose challenges as the de-stocking process at the retail and wholesale levels has persisted for a longer duration than the company initially anticipated.
EXEC: Mips AB Sees Q2 Sales Halved on Tough Bike Inventories, Late Season Start
Swedish helmet technology provider Mips AB saw second-quarter revenues cut in half from the year-ago comparable period, led by a continued sharp decline in the company’s Sport and Moto businesses.
Thule, Inc.’s Q2 Sales Fall on Continued Cycling Inventory Imbalances
Thule, Inc. reported another challenging quarter as sales fell 15 percent in the Swedish company’s second quarter. The decline was attributed to weak bike-related product sales as retailers focused on reducing inventory levels.
EXEC: Giant Group Sales Inch Down in Q2 as June Decline Disappoints
Giant Group reported that consolidated revenue for the second quarter inched down 1.2 percent as sales in June fell in double-digits, erasing a strong start for the period.
EXEC: Anta Sports Sees Retail Sales Accelerate in Q2; Fila Up in High-Teens
Anta brand retail sales increased in high-single-digits in Q2, while Fila brand sales increased in the high teens. The All Other Brands segment posted 70 percent to 75 percent growth in the period.
EXEC: American Outdoor Brands Eyes Return To Growth, Potential For $400 Million In Revenue
America Outdoor Brands said it strengthened its balance sheet, generated significant operating cash flow, controlled costs, and continues to invest for its long-term growth but full-year net sales were $191.2 million, a decrease of 22.8 percent, compared with the prior year and an increase of 14.2 percent over pre-pandemic fiscal 2020.
Yue Yuen Manufacturing Business Revenues Falls 10.8 Percent In May
Yue Yuen Industrial (Holdings) Limited, a subsidiary of Pou Chen Corporation that manufactures a large percentage of global athletic and outdoor footwear, reported that its net consolidated operating revenue for May was $701.0 million against $758.0 million a year ago, a 7.8 percent decline versus the year-ago month.
Yue Yuen Warns On Q1 Profit Decrease As Footwear Manufacturing Contracts
Footwear manufacturing powerhouse Yue Yuen Industrial (Holdings) Limited is expected to record a decrease of 40 percent to 45 percent in profit attributable to owners of the company as compared to profit of $88.6 million for the corresponding three-month period in 2022.
OR To Shift 2024 Winter Show To November 2023, Adds January Conference
Outdoor Retailer said that starting November 2023, the Outdoor Retailer Snow Show will shift from early January to November and be rebranded as Outdoor Retailer Winter.
Vittoria Industries To Move North America Headquarters To Bentonville
Vittoria Industries North America is moving its headquarters from Oklahoma City to Bentonville, AK taking space in the Ledger, a new six-story building downtown, providing employees with a bike-friendly facility. The move is expected to take place in December 2022.
SGB Media Reports Top Stories Of 2020
SGB Media has reported its Top 20 stories read online in 2020, with the Bass Pro acquisition of Sportsman’s Warehouse and related stories leading the charts. Overall, the SGBonline.com web site had a banner year in readership, recording over 2.5 million page views, a 20 percent increase over 2019.
SGB Media Reports Top 20 Stories For November 2020
SGB Media has revealed its Top 20 read stories on SGBonline.com in November, according to stats compiled by Google Analytics.
