Inside The Call: Weyco Eyes Growth Potential For Forsake
On its second-quarter conference call, Tom Florsheim, Weyco Group’s chairman and CEO, said Bogs “had an excellent spring” while warning that supply chain disruptions could restrain growth across its second half. Florsheim also sees strong growth potential for its just-acquired outdoor footwear brand, Forsake.
Inside The Call: Acushnet Crushes It In Q2 Despite Supply Chain Woes
Acushnet Holdings Corp., the parent of Titleist, significantly lifted its guidance for the year after reporting another blowout quarter. The improved outlook comes despite the company facing raw material constraints and production challenges tied to recent spikes in COVID-19 cases.
Inside The Call: Dorel Sports Battles Supply Chain Constraints To Deliver Another Record Quarter
Dorel Industries Inc. reported that its Dorel Sports segments delivered growth of 11.1 percent in the second quarter. Martin Schwartz, Dorel’s president and CEO, said on a quarterly analyst call, “Demand for bikes showed no signs of slowing and Cannondale’s models remain extremely popular.”
Inside The Call: Champion Regains Its Mojo
Hanesbrands Inc. said Champion continued to regain its momentum in the second quarter since taking a hit in the early months of the pandemic’s emergence and is now delivering double-digit gains against the second quarter of 2019. The brand is also making progress under Hanesbrands’ Full Potential plan to become a $3 billion brand.
Inside The Call: Ruger CEO Details Path To 50 Percent Growth, Price Increases And Marlin Rollout
Sturm, Ruger & Co., Inc. President and CEO Chris Killoy cited strong consumer demand for Ruger products, increases in production for each of the past seven quarters and the introduction of new products that have been met with strong consumer demand as reasons why the company’s net sales growth exceeded 50 percent for the first half of the year.
Inside The Call: Adidas Raises Outlook As Growth Accelerates In Q2
Adidas increased its outlook for the year as its business recovers nicely outside of Greater China, where some consumers have boycotted the brand over its stance against alleged human rights abuses. Adidas also announced that Rupert Campbell, currently managing director in Russia, will succeed Zion Armstrong as president of the North American business at the close of this year.
Inside The Call: Yeti Raises Outlook On Resilient Demand
Led by strong DTC sales, a rebound at wholesale and a more than three-fold gain in its international business, Yeti reported sales in the second quarter climbed 44.9 percent. The strong results prompted the drinkware and cooler brand to raise earnings and sales guidance for the year.
Inside The Call: Why Did Wolverine Worldwide Acquire Sweaty Betty?
On a conference call with analysts discussing the Sweaty Betty acquisition, Wolverine Worldwide officials said the U.K-based women’s activewear brand is expected to help Wolverine’s own brands, including Saucony and Merrell, to further expand in apparel and across digital channels. However, the biggest opportunity it sees is tapping into the growth potential of Sweaty Betty and the overall women’s activewear market.
Inside The Call: Rocky Brands Rides Supply Chain Execution And Acquired Brands To Double Q2 Sales
Rocky Brands took full advantage of its supply chain execution strength in the second quarter as the company capitalized on inventory weaknesses at key competitors to bolster its sales line in the period.
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: Columbia Doubles Q2 U.S. Sales On Stronger Brick & Mortar; Raises Full-Year Guidance
Columbia Sportswear rode better-than-planned performance in its U.S. Wholesale and DTC brick and mortar businesses to fuel strong net sales growth that exceeded expectations and eclipsed the company’s pre-pandemic 2019 first-half results.
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: Coleman Drives Recovery For Newell’s Outdoor & Recreation Segment
Continued momentum at Coleman and recovery at its Contigo and Marmot brands helped Newell Brands’ Outdoor & Recreation segment grow 28.3 percent in the second quarter, marking its second straight quarter of growth.
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.