SGB Executive Outdoor
Hibbett’s Blows Past Guidance
Particularly benefitting from the quick ramp-up of e-commerce operations, Hibbett Sporting Goods reported preliminary fourth-quarter earnings that handily eclipsed Wall Street’s targets.
Billabong Sees Americas Flattening In Spring Half, Overall Struggles Rally Calls For Merger
Following robust improvement in the first half ended December 31, Billabong International expects the Americas region “to level out in the second half as it cycles tougher comparables and operational improvements.”
The Fēnix Stars For Garmin
While the Fitness segment continued to struggle to overcome the maturity of the basic activity trackers space in Q4, Garmin’s Outdoor segment remainS on fire, led by the Fēnix line of adventure watches.
Wolverine Worldwide’s Q4 Boosted By Improved Margins
Boosted by fatter gross margins, Wolverine Worldwide reported adjusted earnings per share in the fourth quarter of 41 cents per share, a 20 percent increase over the last year. Underlying growth of 1.7 percent. Eighteen percent growth at Merrell and nearly 30 percent at Chaco helped offset declines in the low double digits at the flagship Wolverine brand, high single digits at Sperry and mid-single digits at Saucony.
Rocky Brands Sees Wholesale Brands Return To Growth In Q4
Work and western boots both grew double-digits in the fourth quarter. Hunting sales increased modestly year-over-year added in part by cold weather throughout much of the fourth quarter and a decision earlier last year to implement more aggressive pricing.
VF’s Q4 Powered By Vans, North Face Misses Plan
VF Corp. reported sales at Vans vaulted 35 percent in the fourth quarter, led by a 38 percent climb in the Americas. North Face missed plan in part due to aggressive efforts to clear Amazon of unauthorized dealers and reduced off-price sales overall but is still expected to see high-single digit growth for 2018.
Outdoor & Recreation Drives Newell Brands’ Play Segment Growth In Q4
Newell Brands reported sales in its Play segment climbed 6.6 percent in the fourth quarter. Core sales grew 5.4 percent, reflecting strong growth on Coleman, Contigo, Marmot and Team Sports partially offset by declines on Fishing.
FGL Sports Q4 Boosted By Chilly Winter
FGL Sports marked a return to mid-single digit comp growth in the fourth quarter with the boost of chilly Winter. Canadian Tire Corp, its parent, also indicated it acquired Sher-Wood Athletics as part of an overall effort by the company to increase its number of owned brands and appointed TJ Flood as president, FGL Sports.
Shimano’s Cycling Sales Regain Momentum
Shimano saw sales in its Bicycle Components segment returned to double-digit growth in the fourth quarter while showing modest gains in its Fishing Tackle segment.
Aisle Talk, Week of February 5
Top headlines from the active lifestyle industry you may have missed this week.
Columbia Q4 Boosted By Improving U.S. Business
President and CEO Tim Boyle said, “In the fourth quarter, the U.S. wholesale channel played a significant role contributing to our top line beat relative to our October outlook, aided by improved order conversion.”
Fitness And Outdoor Drive Amer Sports’ Q4 Growth
Amer Sports reported revenues on a currency-neutral basis grew 9.0 percent in the fourth quarter, led by a 14 percent gain by its Fitness segment and an 11 percent climb by its Outdoor segment. The Ball Sports’ segment inched up 1 percent and has been impacted by a “challenging U.S. wholesale market.”
Vista Outdoor’s Q3 Hamstrung By Weak Hunt Business
On a conference call with analysts, Christopher Metz, Vista Outdoor’s CEO since October, said the company made progress in the third quarter generating cash, reducing inventories and driving down costs, but continued weakness in its Shooting Sports continues to erode earnings.
Canada Goose Blasts Past Street Targets In Q3
Driven by oversized growth in its direct-to-consumer (DTC) channel and its ability to drive premium pricing, Canada Goose Holdings Inc. reported third-quarter results that easily eclipsed Wall Street’s consensus estimates.
Dick’s Seen Benefiting From Eagles Win And Bat Regulation Changes
J.P. Morgan reiterated its “Overweight” rating on Dick’s Sporting Goods as it expects a “near-term comp” benefit from the Philadelphia Eagle’s Super Bowl win and an equal benefit from new Little League bat regulation.
