SGB Executive Outdoor
EXEC: Crocs’ Shares Fall on Weak Q3 Guidance, North America Growth Concerns
The company raised its guidance for sales and earnings for the year after reporting second-quarter results topped expectations with better-than-expected growth at the Crocs Brand and a smaller-than-expected decline at HeyDude.
EXEC: Canada Goose Looks to be Making Progress in Extending to Year-Round Brand
Canada Goose Holdings, Inc. reported a smaller loss in the fiscal first quarter ended June 30 with the help of margin improvement and a 9 percent sales gain on a currency-neutral basis. On an analyst call, Dani Reiss, chairman and CEO, noted that the period marked the strongest first-quarter adjusted EBIT margin since fiscal 2020.
EXEC: Mammut Group to be Acquired by Chinese Alternative Asset Manager
Jacobs Capital has signed an agreement to sell the Swiss premium outdoor brand to CPE, a Chinese alternative asset manager. The transaction reportedly follows a successful transformation of Mammut under Jacobs Capital’s ownership.
EXEC: Rocky Brands Accelerates to Double-Digit Growth, Xtratuf Shines
Rocky Brands, Inc’s Q2 sales climbed 12 percent, its first double-digit gain in a quarter since 2022. Solid double-digit growth was seen by Georgia Boot, Rocky and the Lehigh safety shoe business, but Jason Brooks, chairman, president and CEO, told analysts that XTRATUF remained the company’s “fastest-growing brand.” Shares of Rocky Brands climbed 15 percent on the performance and improved outlook.
EXEC: Oakley Parent Sees Q2 Growth Moderate from Q1 Trends
EssilorLuxottica, the French parent company of Sunglass Hut, Oakley, Supreme, and Ray-Ban, among other eyewear brands, grew revenue 9.7 percent year-over-year at constant currency rates, as the second quarter (+8.7 percent) moderated from the 10.8 percent Q1 growth in what the company said was “a more unsettled macro environment on a global scale.”
EXEC: Quebec Outdoor Retailer, La Cordée, Files For Creditor Protection
Quebec-based outdoor retailer La Cordée filed for creditor protection for the second time in six years. According to court documents, the five-store chain owes more than $17 million in liabilities.
EXEC: Shimano Sees Robust H1 Fishing Tackle Sales; Bike Business Remains Weak
The Japan-based maker of bike components and fishing tackle is reporting that the global economy generally maintained its solid footing during the first half but also said the economic outlook remained uncertain due to factors such as trends in the trade policies of various nations (i.e. U.S. tariffs) as well as rising geopolitical risks (e.g. Iran war).
EXEC: Coats Group Sees OrthoLite’s Sales Dip in First Half
Coats Group plc reported revenue at its Ortholite insole business declined in the first half ended June 30 on a pro-forma basis due to challenging year-ago comparisons and temporary capacity issues in Indonesia. OrthoLite is projected to return to growth in the second half.
EXEC: Frasers Acquires Scotland’s Greaves Sports
Frasers Group, the parent of Sports Direct, announced the acquisition of Greaves Sports, which operates a famed six-story flagship in Glasow, Scotland.
EXEC: West Marine to Close Another 32 Stores
West Marine has added 32 stores to its list of locations that will close as part of its bankruptcy proceedings, bringing the total number of store closures to 91.
EXEC: Sports Direct Lands Hoka as New Everlast Gyms+ Combo Opens in Dublin
The UK-based retailer opened an 85,000-square-foot integrated Sports Direct and Everlast Gyms+ flagship on Henry Street in Dublin, combining for the first time a retail and fitness format outside the UK. The opening also marks the official launch of Hoka in Sports Direct stores.
EXEC: Ugg’s Fiscal Q1 Growth Boosted by Gains with Males
Deckers Brands reported that Ugg’s 4.9 percent sales growth in the fiscal first quarter ended June 30 largely reflected success reaching male consumers. On an analyst call, Stefano Caroti, Deckers’ CEO and president, said the men’s business “accounted for the largest portion of incremental Ugg revenue.”
EXEC: Polygiene Returns to the Black in Q2
The Swedish maker of antimicrobial fabric treatments reported a profit against a year-ago loss in the second quarter ended June 20 on higher gross margins and lower expenses. Sales were up slightly.
Moncler S.p.A. Delivers 9 Percent Currency-Neutral Growth In First Half
Moncler S.p.A. reported sales in the first half grew 9 percent on a currency-neutral (c-n) basis, while EBIT grew 9.2 percent and net profits gained 7.3 percent. The flagship Moncler brand delivered 9 percent c-n growth with gains in Asia and the Americas offsetting a decline in the EMEA. Stone Island’s sales grew 11 percent on a c-n basis, led by a 35 percent gain in the Americas.
EXEC: Rip Curl and Oboz Parent KMD Brands Expects 5 Percent Growth in Fiscal 2026
The New Zealand-based owner of the Rip Curl, Oboz and Kathmandu brands is reporting that Group sales in fiscal 2026 ending July 31, 2026 are now expected to be in the range of NZ$1,04 million to NZ$1,044 million.
