SGB Executive

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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.

At its first “Here for Her” Summit in New York City, Dick’s Sporting Goods brought out three Olympians, the actress Katie Holmes, WNBA Commissioner Cathy Engelbert and others to celebrate and extend its commitment to supporting women’s sports.

The active lifestyle marketplace began 2020 with a high volume of M&A transactions, but the most notable story didn’t involve a done deal—just one of the highest-profile companies in the industry announcing plans to rightsize its portfolio and potentially target new assets. The January M&A Roundup examines VF’s latest move and asks what’s next?

Growing concern over the coronavirus, sharpened focus on participation and climate, and restored faith in the outdoor trade show lineup were among SGB Executive’s top takeaways from last week’s Outdoor + Snow Show in Denver, CO. Here’s what emerged from three days of walking the show and talking with dozens of industry stakeholders.

Delta Apparel Inc. reported sales in the first quarter ended December 28 fell 5.7 percent due to a challenging 2019 holiday calendar. Improving gross margins, however, helped drive profitability gains.

For the second year in a row, Nike was the dominant footwear and apparel brand among Millennials, according to Roth Capital Partners’ 2020 Millennial Survey. The eighth annual survey was completed by 2,500 Millennial-aged women and men and examines current trends, spending patterns and favorite brands across six consumer categories.

Johnson Outdoors Inc. reported sales rose 23 percent in the first quarter ended December 27. The gains were helped by a delay in the prior-year first quarter and the availability of new products in the Fishing segment but all other segments, including Watercraft Recreation and Camping, showed solid gains in the period.

Deckers Brands reported the largest revenue and earnings quarter in its history, helped by successful diversification efforts for its flagship Ugg brand and another quarter of explosive growth for Hoka One One. Deckers again raised its outlook for its fiscal year and now expects Hoka’s sales to reach $350 million, up from $223 million the prior year.

Outdoor Retailer + Snow Show, the largest U.S. tradeshow and business event for the outdoor industry, held its annual event this week in Denver, CO at the Denver Convention Center. SGB Executive continues its live report from the show floor with pictures from Day Three.