SGB Executive

Yeti Holdings Inc. reported adjusted net income rose 31 percent in the fourth quarter on a 23 percent revenue gain while predicting another year of healthy double-digit growth for 2020. Matt Reintjes, CEO, told analysts, “Customers continue to embrace the Yeti brand and our innovation.”

In 2019 and particularly Q4, Thule Group AB notched enough revenue growth elsewhere in the world to overcome what CEO Magnus Welander called a “challenged” U.S. market. But with low-margin OE contracts now phased out and a competitor no longer discounting a particular jogging stroller, Thule has brighter days ahead here for 2020.

Earnings estimates on Under Armour were slashed by Wall Street in line with management’s guidance with many analysts significantly reducing their outlook for 2021 as well. To many analysts, Under Armour’s fourth-quarter underperformance and the dim outlook underscores the brand’s challenges reviving growth against formidable competitors in North America although a few remain confident the turnaround is only delayed.

Shares of Under Armour Inc. were trading down about 17 percent in mid-day trading Tuesday after the company guided its 2020 outlook well below Wall Street targets with no recovery now expected for North America. UA officials also said it was considering additional restructuring activities that would include abandoning its Fifth Avenue flagship in New York City.

Last month that long-time Managing Director, Allison Hill, was appointed CEO of the brand. The following is SGB Executive’s exclusive interview with Allison to talk about what’s next for LifeStraw as she takes over as the highest-ranking, senior executive in the company.

Like any manufacturer with suppliers in China, Callaway Golf Co. is reeling from the coronavirus. The company lowered its outlook for 2020 because the coronavirus should have a negative impact of $25 million on sales into China and $13 million on EBITDA for the year, company officials told analysts on Monday afternoon’s earnings call.

On Canada Goose Holdings Inc.’s fiscal third-quarter earnings call, CEO Dani Reiss addressed the disruption that the coronavirus is having on supply chain, sourcing and sales in China. The near-term impact resulted in reduced guidance for the current fiscal quarter and year, but company leaders and analysts believe Canada Goose is positioned to weather the storm.

Champion saw 22 percent growth in the fourth quarter, in line with expectations, according to the brand’s parent, HanesBrands. The growth reflected 22 percent growth in both Champion’s domestic and international businesses.

There are no clear ADA regulations that define what compliant web content means, but if your business falls under ADA Title I or ADA Title III, your website needs to be “reasonably accessible” to persons with disabilities according to the ADA.

Columbia Sportswear reported fourth-quarter results that generally came in line with guidance and was able to surpass $3 billion in annual sales for the first time in history. But company officials said heightened promotional activity held back gains in the period said continued investments would pressure earnings in 2020.

Skechers USA reported sales topped and earnings arrived at the high-end of aggressive guidance in the fourth quarter. The company’s domestic wholesale business marked a return to double-digit growth while international momentum showed little signs of slowing down despite headwinds from the coronavirus outbreak in China. 

Shares of Vista Outdoor Inc. jumped 11.7 percent Thursday following the company’s upbeat earnings report that included its first quarter of positive organic revenue growth since extensive transformation efforts began in 2018. Though the company’s stock dipped Friday morning, the accomplishments of the previous quarter provided a much-welcomed boost for the Anoka, MN-based company.

Top headlines from across the active lifestyle industry featured in SGB during the week of February 3, 2020.

Shares of GoPro were trading down about 9 percent Thursday in mid-day trading after company officials said holiday sales came in lower than expected. The resultant need to clear inventories will cause a steep decline in sales in the first quarter.

Peloton Interactive Inc. continues to measure success a little differently than most companies beholden to shareholders. Although the company widened its loss in Q2, profitability is a journey for Peloton, which estimates that the company will hit the coveted aspiration of being “adjusted-EBITDA profitable by 2023,” said CFO Jill Woodworth.