SGB Executive Outdoor
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.
Wall Street Shrugs Off Lululemon CEO’s Abrupt Exit
Lululemon’s shares rose slightly on Tuesday despite the abrupt resignation of its CEO, Laurent Potdevin, due to an unidentified misconduct. Analysts generally felt the company remained in good hands, led by Glenn Murphy, the former head of Gap Inc.; and some had issues with the way Potdevin steered the company.
Outdoor Retailer + Snow Show Draws 29,000 Attendees
The Outdoor Retailer + Snow Show, which debuted for the first time in its new home in Denver, drew over 29,000 total attendees, with more than 7,500 verified retail buyers from 60 countries joined with over 1,000 brands for four days.
Johnson Outdoors Buoyed By Strength In Fishing And Diving
On a conference call with analysts, Helen Johnson-Leipold, CEO, said both its Fishing and Diving segment are benefitting from successful innovations. The Camping and Watercraft Recreation segment “continue to be very challenging” and are being impacted by constrained inventories in the marketplace.
Aisle Talk, Week of January 29
Top headlines from the active lifestyle industry you may have missed this week.
Deckers Brands Q3 Blasts Past Guidance
Ugg’s 4.3 percent revenue gain was aided by chilly December weather that drove re-orders, store rationalization and enhanced segmentation, and the successful opening up of Macy’s, Amazon and Footaction. Hoka’s sales jumped 65.7 percent and benefited from its expansion into the stability category.
