SGB Executive

The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of February 8, 2021 covered in the SGB Updates and delivered to your inbox every business day.

Callaway Golf Company CEO Chip Brewer let out an enthusiastic “wow” when looking back at 2020 during a recent conference call with analysts to discuss 2020 fourth quarter and full-year results.

Yeti Holdings Inc. reported better-than-expected fourth-quarter earnings as the thirst for outdoor pursuits amid the pandemic continued. Officials are targeting mid-teens growth for the current year and expect to catch up to inventory shortages hampering wholesale growth by the second quarter.

Under Armour Inc. reported fourth-quarter results that blew past Wall Street estimates due to better-than-expected sell-throughs and full-price selling. However, officials provided a cautious sales outlook for 2021 as the company seeks to “constrain demand” to reestablish Under Armour’s position as a premium-priced brand.

With winter lovers heading to the slopes this season, ski manufacturers have not wasted time facilitating the craze. They’re experimenting with materials, shapes, profiles, and sustainable practices to keep consumers schussing well after the pandemic ends. The following is a roundup from SGB of what you will find at retail this season.

HanesBrands reported a solid finish for the year with revenue, operating profits, EPS, and operating cash flow all coming in above expectations, led by double-digit growth for its Champion brand. Officials also detailed its Full Potential plan to drive growth and profitability in the years ahead that includes further steps to accelerate growth for the Champion brand globally.

Delta Apparel reported sales in its fiscal first quarter ended December 31 were well ahead of internal expectations for both sales and profitability. The company achieved nearly-flat sales despite notable headwinds from inventory constraints, hurricane-related disruptions in Central America and freight carrier limitations during the holiday season.

With fishing license sales up across the country, angling gear companies have been reeling in sales during the pandemic, helping fuel both participation and the continued protection of our natural resources. SGB Executive caught up with Orvis President Simon Perkins for his take on how the business has evolved during the pandemic.

Buoyed by robust gains across its Fishing, Watercraft Recreation and Camping segments, Johnson Outdoors reported a significant hike in earnings in the first quarter ending January 1. Helen Johnson-Leipold, chairman and CEO, told analysts, “Consumer demand remained strong during the quarter and customers replenished their depleted inventory levels in anticipation of the upcoming warm weather recreation season.”

A report from The World Federation Sporting Goods Industry (WFSGI), in partnership with McKinsey & Company, identified eight key themes likely to define the industry’s evolution in the coming period. The report also found that despite the hype over interest in outdoor recreation and home fitness, the sporting goods industry contracted in 2020 for the first time since the financial crisis.

Deckers Brands reported that net sales increased 14.8 percent to $1.08 billion in the fiscal third quarter, compared to $938.7 million for the prior-year comp period. On a constant-currency basis, net sales increased 13.8 percent for the quarter.

Peloton’s fiscal second-quarter earnings and sales trounced analysts’ estimates, but officials warned that near-term investments in its supply chain to speed deliveries will weigh on margins.

Columbia Sportswear reported a better-than-expected fourth-quarter due to continued robust e-commerce sales and a spike in wholesale reorders in December. Officials provided an upbeat outlook for 2021, projecting 18 percent to 20 percent net sales growth with growth across all four of its brands. On a call with analysts, Tim Boyle, CEO, said, “As we begin 2021, we’re encouraged by the building momentum across our brand portfolio.”

Skechers USA posted flat sales in the 2020 fourth quarter even as its direct-to-consumer business took a hit from closed owned-retail stores and the subsidiary’s business in Latin America and Europe surged with strong double-digit growth.

Shares of Canada Goose surged $7.73, or 22.0 percent, to $42.90 Thursday after the outerwear specialist delivered its first quarterly revenue increase since the onset of the pandemic. The gains were boosted by a 39.3 percent hike in global e-commerce revenue and a 41.7 percent DTC revenue gain in Mainland China.