
Inside The Call: Sport Chek’s Q3 Impacted By Weak Back-To-School
Canadian Tire Corp. reported Sport Chek’s comparable sales growth declined 1.4 in the third quarter. The decline was attributed to fewer promotional events, a slower back-to-school season and a decline in hockey and team sports compared to the prior year.

Inside The Call: Peloton Continues To Battle Lengthy Delivery Times
Peloton Interactive reported another quarter of explosive growth amid the booming at-home fitness trend during the pandemic with revenues running up 233 percent in its first quarter ended September 30; however, fulfillment bottlenecks and shipping delays continue to frustrate efforts to catch up to demand.

Inside The Call: Canada Goose Beats Fiscal Q2 Estimates On E-commerce, China Growth
Canada Goose Holdings Inc. beat Wall Street expectations for the fiscal second quarter ended September 27, posting a profit on lower revenues in the period. GOOS shares were up nearly 7 percent on Thursday after the company pointed to strength in China and the e-commerce business.

Inside The Call: Yeti Posts Strong Q3 But Light Inventory Could Hinder Early 2021 Efforts
Yeti Holdings Inc. became the latest billion-dollar brand in the third quarter, crossing $1 billion in net sales for the trailing 12-month period ended September 26 as the company posted strong double-digit growth with balanced contributions from Drinkware, Cooler & Equipment.

Inside The Call: Champion’s Q3 Sales Dragged Down By Sports Cancellations
Champion’s sales declined 9 percent year-over-year in the third quarter. The shortfall was traced primarily to the brand’s Sports Apparel business where COVID-19-related headwinds essentially shut down sporting events and business at college bookstores.

Aisle Talk Week Of November 2, 2020
The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of November 2, 2020, covered in the SGB Updates and delivered to your inbox every business day.

Vista Outdoor Shows No Sign Of Slowing Momentum
Riding strong double-digit growth in both its Shooting Sports and Outdoor Products segments, Vista Outdoor Inc. reported robust growth in the second quarter ended September 27, provided a bullish outlook for its holiday quarter and detailed how the newly-acquired Remington brand will support future growth.

Wolverine Eyes Market Share Gains At Saucony And Merrell Amid Pandemic
Powered by strong growth at Saucony, improving trends at Merrell, its work brands, and explosive growth online overall, Wolverine Worldwide reported both earnings and sales topped expectations during its third quarter. Sales are expected to decline no more than 25 percent in the fourth quarter in part due to the timing of deliveries, but a strong return to growth is predicted for Q121.

Snow Sports Buying Groups Eyeing Both Virtual, In-Person Winter Events
Uncertainty has befuddled the snow sports industry’s major buying groups this season including how to connect its members with vendors. SGB Executive spoke with two of the largest buying groups: Nation’s Best Sports (NBS) and Winter Sports Market/Sports Specialists, Ltd. and SnowSports Merchandising Corp. about plans to run their buying shows this season.

Academy Sports Finds Favor From Wall Street
Academy Sports & Outdoors received positive stock ratings across the board as the first wave of Wall Street reports recently arrived following the retailer’s IPO debut on October 2. Among the catalysts cited for the stock is the expected continuing payback from strategies initiated by the retailer’s revamped management team led by CEO Ken Hicks, the benefit of broad strength in sports and outdoor categories amid the pandemic, and ample room to expand e-commerce.

Stifel Turns Bullish On Under Armour
Stifel upgraded its rating on Under Armour to “Buy” from “Hold” due to the investment firm’s increased confidence in the company’s expense-structure leverage and ability to achieve more than mid-single-digit EBIT margin on a “higher quality” revenue base.

Inside The Call: Camping World Benefits From Booming RV Demand
Camping World Holdings Inc. delivered a significantly better than expected third-quarter and is facing some inventory constraints as RVs continue to be looked on as a safe way to travel and explore the outdoors during a pandemic. Marcus Lemonis, chairman and CEO, estimated that it may take until 2021 for supply of RVs to catch up to demand.

Inside The Call: Emerald Holding Eyeing Return Of Face-To-Face Events
Emerald Holding’s results in the third quarter were decimated by the wide-scale cancellation of trade show events, but Brian Field, interim president and CEO, expressed optimism that live face-to-face events will begin to reemerge in 2021.

Ready, Set, Shred: Wolf Creek Beta Tests Country’s First COVID Ski Plan
aking advantage of a two-foot early season snowstorm, Wolf Creek Ski area won this year’s race as the country’s first resort to open its slopes for the 2020/21 ski season, firing up three of its nine chairlifts and 600 acres of skiing and riding at 9 a.m. on Wednesday, October 28.

Inside The Call: Newell’s Outdoor & Recreation Segment Boosted By Camping Momentum In Q3
Newell Brands’ Outdoor & Recreation segment returned to core sales growth in the third quarter due to strong demand for camping gear during the pandemic, Said Ravi Saligram, Newell’s president and CEO, on a conference call with analysts, “The rebound in outdoor activity we started to see at the end of Q2 has continued, especially in camping gear including tents, stoves, grills and shelters both in America and International.”