SGB Executive

Asics’ sales in the North America region climbed 15.1 percent in the third quarter, marking the third consecutive quarter of double-digit quarterly growth. Asics overall raised its profit outlook for the year.

Fox Factory Holding Corp. said its Specialty Sports Group (SSG), its cycling component division, soared 48.1 percent in the third quarter despite continuing supply chain constraints. Officials said with the current pace of industry demand, it expects it will take eight to 10 months to meet the current customer demand level and another 12-to-18 months to replenish the depleted inventory channels.

Dorel Industries Inc. reported a slight decline in sales at its Dorel Sports segment as continued strong demand for bikes was not able to overcome supply chain disruptions and component shortages. Martin Schwartz, Dorel’s CEO, said he doesn’t see it changing anytime soon.

Shares of Canada Goose are running up about 20 percent in mid-day trading as the outerwear specialist reported second-quarter earnings topped Wall Street targets and lifted its outlook for the year. Officials also bragged that its Canadian production is helping it completely avoid the widespread supply chain challenges. Dani Reiss, president and CEO, said, “The weaknesses in unprepared supply chains have been exposed.”

Shares of Peloton were trading down about 33 percent in mid-day trading on Friday after the connected fitness pioneer slashed its forecast for the full fiscal year ending next June as demand for its exercise bikes and treadmills was slowing faster than expected.

Champion brand’s global sales increased 20 percent over the third quarter of 2019, with 22 percent growth in the U.S. and 19 percent growth internationally, according to quarterly results posted by its parent, Hanesbrands.

Sturm, Ruger & Co. posted solid year-over-year sales and earnings growth in the third quarter, but sequential quarter comparisons with the company’s second quarter caused concerns on Wall Street as RGR shares fell over 8 percent on Thursday.

Vista Outdoor Inc. reported sales jumped 35 percent in the second quarter ended September 26 due to stellar growth by its ammunition business and a record quarter by Camelbak. With contributions from the acquisitions of Fiber Energy Products, Foresight Sports, QuietKat, Venor, HEVI-Shot and Remington, sales for the fiscal year ended March 2022 are projected to expand over 30 percent.

Acushnet Holdings Corp.’s earnings and sales soared past Wall Street targets as the parent of the Titleist and FootJoy was able to circumvent extensive supply chain challenges to meet continued vibrant demand across golf categories. Acushnet’s outlook was significantly raised for the year.

Big 5 Sporting Goods’ same-store sales were down 0.7 percent in the third quarter ended September 30 against tough comparisons given the year-ago sales surge during the early months of the pandemic. On a two-year stack basis, comps jumped 13.2 percent versus the 2019 third quarter. The gains were achieved despite supply chain challenges that are causing some product shortages.

Brooks said they shipped over 50 percent more orders in the third quarter of 2021 versus Q3 of last year, but at the same time, the amount of product they received at the DC was up nearly 200 percent year-over-year. The congestion apparently made it difficult to keep up with the strong demand for the brands under the RCKY umbrella.

Boosted by a better-than-expected performance in North America and continued momentum at direct-to-consumer, Under Armour reported third-quarter earnings arrived well above Wall Street’s target and significantly hiked earnings targets for the year. Officials said the company is now on track to deliver record revenue and earnings results in 2021.

Emerald Holding Inc. said trade show attendance in the third quarter ran about half of pre-pandemic levels, but the organization was able to hold 33 live events, including Outdoor Retailer and Surf Expo; exhibitor satisfaction markedly increased, and rising vaccination rates are promising to elevate attendance going forward. 

LifeLabs recently introduced a thermally-efficient material. The company’s CEO, industry-veteran Scott Mellin, who drove the development of Futurelight product as global GM of The North Face’s Mountain Sports division, spoke about its thermal regulating properties with SGB Executive.

Newell Brands’ Outdoor & Recreation segment delivered modest revenue growth in the third quarter as strength at Coleman and Contigo helped offset challenging year-ago comparisons. Newell officials remain confident heightened interest in outdoor activities coming out of the pandemic will continue to be a tailwind.