GoPro Hikes Revenue Forecast On Robust Demand For The Hero7 Black
GoPro Inc. raised its full-year guidance after reporting first-quarter revenues that topped analysts’ expectations as well as a smaller-than-expected loss. Sales in the quarter received a boost from strong demand for its new line of action cameras from its flagship brand Hero.
Acushnet Remains Bullish As Golf Industry Perks Up
The golf industry has been uplifted in recent weeks thanks to the start of spring, Tiger Woods’ win at the Masters and some upbeat participation reports. Despite reporting a mixed first quarter, Acushnet Holdings Corp., the parent of Titleist and FootJoy, is also bullish on the sport’s fortunes for these reasons and more.
Wolverine’s Q1 Sales Slowed By Weather, Conservative Re-Orders
Wolverine World Wide reported earnings topped guidance in the first quarter and four of its major brands – Merrell, Saucony, Cat and Wolverine – exceeded internal sales expectations. Overall sales came in below expectations due to a downturn in the boat shoe market and weak re-orders that particularly impacted Sperry.
As Headwinds Mount, Is Camping World Making The Right Moves?
Headwinds continue to batter Camping World Holdings Inc., with such factors as a soft RV market, tough comps with 2018, operational restructuring and even a lawsuit taking a toll on the company. Is Camping World making the right moves in response?
Sequential Brands’ Active Portfolio Gains Further Traction In Q1
Sequential Brands Group Inc. reported first-quarter earnings on an adjusted basis came in below plan due to transition challenges of licensing agreements at its Fashion segment. The company’s Active brands, led by Gaiam, And1 and Avia, continue to see strong growth
Sturm, Ruger Again Faces Activists At Annual Meeting
Sturm, Ruger & Company Inc. reported another quarter of double-digit declines with so signs of a pickup in the firearms market while yet again facing a number of gun-control activists at its annual meeting.
Bogs’ Bounce Back Continues In Q1
Bogs, continuing on the recovery seen in 2018, saw revenues jump 23 percent in the first quarter. The gains were due primarily to higher sales to outdoor and online retailers.
Strong Snow Season, Product Innovation Drive Clarus To Q1 Beat
Add Clarus Corp. to the growing list of beneficiaries of the record-setting 2018/19 ski and snowboard season. Historic snowfall led to the fourth-highest number of skier visits at resorts across the U.S., and it fueled winter sports enthusiasts to buy more products from brands like Clarus’ flagship, Black Diamond Equipment.
Crocs Shines In Q1
Crocs Inc. reported first-quarter earnings that handily topped Wall Street’s targets as sales topped expectations. Revenues benefited from its fifth consecutive quarter of double-digit DTC comp growth but growth accelerated overall with demand for Classic clogs in the Americas region exceeding supply.
Delta Apparel Q2 Boosted By Triple-Digit Growth In Digital Printing
Delta Apparel’s profits in its second quarter ended March 30 were pulled by many expected and some unexpected cost pressures. Sales managed to increase almost 3 percent as continued momentum at DTG2Go offset weather-related sales declines at Salt Life and Soffe.
Advertising Missteps Sink Nautilus’ Q1 Performance
Leaders at Nautilus Inc. must be happy to put the first quarter behind them. Not only did the period see the company lose its CEO, but Monday’s first-quarter earnings report revealed much deeper problems than a C-suite transition, starting with advertising missteps that diminished its direct segment revenue.
Coleman Distribution Loss Drives Down Newell’s Q1 Performance
Outdoor equipment brand Coleman lost distribution at a key U.S. retailer, for coolers in particular, which was a key driver in parent company Newell Brands’ poor first-quarter performance that saw a 6.4 percent revenue decline in its Home & Outdoor Living segment. However, the company is “about to lap that distribution loss” by the end of Q2.
Johnson Outdoors Q2 Boosted By Strength In Fishing And Diving
Johnson Outdoors Inc. said it faced challenges in its kayak and tent businesses in the second quarter March 29, but still managed to show a slight increase in profits in the period due to momentum in its larger Fishing and Diving segments.
April M&A Roundup: BSN Grows Again, Volcom Gets Liberated
BSN Sports has become a fixture in SGB Executive’s monthly roundup of M&A activity, and April saw the nation’s largest direct marketer and distributor of sporting goods to the school and league markets grow yet again with the addition of two more assets. In a busy month for deals in the active lifestyle market, surf, skate and snow brand Volcom found a new owner.
Emerald CEO: Outdoor Retailer ‘Making Good Progress’ On Schedule Adoption
Outdoor Retailer is “making good progress” on convincing the industry that the three-show cycle—November for Winter Market, January for Snow Show and June for Summer Market—is the right cadence for buying cycles, according to Phil Evans, interim president and CEO and CFO of parent company Emerald Expositions Events Inc.
