SGB Executive Outdoor
Cabela’s Q1 Benefits From Expense Cuts, Credit Strength
Cabela’s not surprisingly saw earnings and sales decline in the first quarter as a result of an industry-wide downturn in firearms sales following the election of Donald Trump. But expense-containment efforts and healthy results from Cabela’s CLUB Visa program helped the retailer exceed Wall Street estimates.
Bogs Sales Tumble 21 Percent In Q1
On a conference call with analysts, Thomas Florsheim, Jr., Weyco’s chairman and CEO, said Bogs was hurt in the quarter by unseasonably warm weather and a lack of precipitation, as well as the migration to online selling and shifts in discretionary spending away from soft goods purchases.
Big 5 Crushes Q1 Guidance
Said Steven Miller, chairman, CEO and president, on a conference call with analysts. “Our strong results reflect our team’s continued effort to expand our market share gain following the competitive store closures that occurred in our sector last year and capitalized on the favorable weather conditions in our market during the first quarter.”
GoPro Sees Shipments Shortfall In Q1
For the first time in several quarters, GoPro avoided a huge surprise disappointment for the investment community. The company reported a narrower than expected first quarter loss, double-digit top-line growth in the period, and provided second-quarter guidance that was better than Wall Street expected.
Aisle Talk, Week Of April 24
Top headlines from the active lifestyle industry you may have missed this week.
VF’s Q1 Boosted By Momentum Behind North Face And Vans
The North Face increased 4 percent in the Americas region, driven by low-teen growth in D2C that offset a low-single-digit decrease in wholesale due to doors lost to bankruptcies. Vans was up 6 percent in the Americas, while Timberland’s sales in the region were down 7 percent as the brand works to reduce its reliance on Classics.
Columbia Sportswear Trims Sales Guidance On Retail’s Closures
“The slight reduction in top-line expectations primarily reflects the incremental bankruptcies, liquidations and store closures that we’ve become aware of, as well as a more cautious posture adopted by our U.S. wholesale customers since February,” said CEO Tim Boyle on a conference call with analysts.
Hydro Flask’s Growth Momentum Continues In Q1
Julien Mininberg, CEO of Helen of Troy, on a conference call with analysts said Hydro Flask’s growth is being fueled by strong demand for the overall water bottle category, new products, more balanced distribution and strong online sales.
West Marine Optimistic For Rest Of 2017, Despite Q1 Loss
Matt Hyde, president and CEO of West Marine said during a conference call that the company was satisfied with sales through the first part of March, but then the northeast experienced a series of snowstorms that negatively impacted the results of their Spring Super Sale. The company was forced to close 42 locations due to the inclement weather.
Amer Sports Q1 Net Slides On Weakness In Outdoor And Ball Sports
Earnings were impacted by lower margins in its Outdoor segment and reduced sales in its Ball Sports segment.
Deckers Shares Pop On Acquisition Talk
Shares of Deckers Outdoor Corp. rose $1.81, or 3.1 percent, on Wednesday to $60.55 after it reported it was exploring a sale. The move comes as activist investors had pushed for a sale.
Academy Can’t Sidestep Industry Pressures
Unable to shrug off the many challenges facing the sporting goods channel, Academy Sports + Outdoors’ same-store sales slid in the low-single-digit range and management-adjusted EBITDA dropped 23 percent in 2016.
Aisle Talk, Week Of April 17
Top headlines from the active lifestyle industry you may have missed this week.
Sports Direct Breaks Into U.S. Retailing
Sports Direct said the Eastern Outfitters acquisition will provide Sports Direct “with a footprint in U.S. bricks-and-mortar retail and a platform from which to grow U.S. on-line sales.”
Bass Pro, Cabela’s Recast Deal To Appease Regulators
Shares of Cabela’s Inc. shot up $3.84, or 7.2 percent, to $57.53 Tuesday after it announced a two-step deal that eases one step in securing regulatory clearance for its mega-merger with Bass Pro.
