SGB Executive

Inside The Call: Big 5 Sporting Goods Delivers Another Blowout Quarter

Big 5 Sporting Goods Corp. reported its fifth straight quarter of record earnings as the chain continues to benefits from changed behaviors tied to the pandemic. The West-coast chain cautioned that gains would moderate in the current quarter as it starts to anniversary year-ago surges.

Inside The Call: Under Armour Sees North America Drive Recovery

Under Armour Inc. reported better-than-expected second-quarter results and significantly raised its full-year guidance. Broad-based sales growth and healthier full-price selling were seen across categories and regions led by North America. CEO Patrik Frisk highlighted Under Armour’s ability to drive “higher quality growth” with gross margins improving better-than-expected and overall profitability surpassing pre-pandemic 2019 levels.

Inside The Call: Clarus Hikes Outlook As Black Diamond Regains Momentum

Clarus Corp. significantly lifted its outlook for earnings and sales in 2021 as its bullets business led by Sierra and Barnes showed continued strength and Black Diamond accelerated to triple-digit growth. Officials said strong relationships with suppliers and prioritizing core products are helping the company offset supply chain challenges.

Inside The Call: Foot Locker Looks To Address “White Spaces” With Duo Acquisitions

On an analyst call, Dick Johnson, chairman and CEO of Foot Locker, said the acquisitions of WSS and Atmos “fill in some of the white space” available to Foot Locker beyond its core sneaker and sport culture segments. WSS provides a deeper reach into the classics footwear category and the Hispanic demographic. Tokyo-based Atmos provides a strong foothold in boutique streetwear that could kick-start expansion in Asia.

Inside The Call: Vans’ Bounce Back Boosts VF’s Q1 Results

VF Corp. raised its outlook for its fiscal year after reporting results in the first quarter ended June 30 came in well ahead of expectations, helped by signs of recovery at Vans and continued strength in digital. The outlook reflects stronger-than-expected order books for its four primary brands, which also include The North Face, Timberland and Dickies, and strength at two emerging brands, Altra and Smartwool.

Inside The Call: Garmin Hikes Growth Targets For 2021

Led by healthy double-digit growth across all segments, Garmin Ltd.’s earnings shot up in the second quarter as sales catapulted 53 percent. Garmin officials significantly increased guidance across segments with growth now pegged at 17 percent for both the Fitness and Outdoor segments.

Inside The Call: Winchester Aims To Reach New Shooting Participants

Winchester’s sales slightly more than doubled in the second quarter. Scott Sutton, chairman, president and CEO of Olin Corp, Winchester’s parent, told analysts on a conference call that the ammunition brand is looking to capitalize on the 57 million new recreational shooting participants that have arrived since the pandemic emerged.

North America Improving For Fjällräven’s Parent In Q2

In his quarterly note to shareholders, Martin Nordin, CEO of Fjällräven’s parent Fenix Outdoor International said the company saw continuing improvement in the second quarter in North America, especially with its direct-to-consumer segment sales nearly back to 2019 levels. However, weakness in Kanken backpacks continues to hold back a more meaningful recovery.