Adidas Continues Hot Streak In Q1
Adidas AG reported first-quarter earnings that topped Wall Street’s targets as the company benefited from strong growth in China and online as well as significantly higher gross margins. More encouragingly, strong spring launches are expected to set the stage for accelerated growth in the second half and the supply-chain issues slowing growth in North America are expected to be resolved by the end of the year.
Aisle Talk Week Of April 29
Top headlines from the active lifestyle industry you may have missed this week, including the National Ski Areas Association (NSAA) reporting that skier visits to U.S. areas totaled over 59 million for the 2018/19 season.
Champion’s Growth Accelerates Again In Q1
HanesBrands Inc. said its Champion business, excluding the C9 line being phased out at Target, catapulted 75 percent globally on a currency-neutral basis in the first quarter, accelerating from gains of 50 percent in the fourth quarter and 40 percent in the third quarter.
5.11 Tactical, Velocity Outdoor Shine For CODI In Mixed Q1
The two consumer brands in Compass Diversified Holdings’ portfolio that focus on the sportsmans categories—5.11 Tactical and Velocity Outdoor—were the only assets to show substantial pro forma net sales gains in the first quarter compared to the year-ago period.
How Yeti Is Executing On Strategic Goals
Yeti Holdings Inc. executives laid out aggressive growth strategies and ambitious benchmarks earlier this year at the ICR Conference in Orlando, FL, and the company’s first-quarter earnings report, released Thursday morning, shows it is on the right path to achieving them.
Under Armour Believes North America Has Stabilized
Under Armour’s earnings and sales that topped analysts’ expectations due to healthy overseas growth and efficiencies gained from its extensive restructuring efforts and stringent inventory controls. The most encouraging sign, however, was that the North America region is stabilizing.
Gildan Activewear Q1 Dragged Down By Lower Imprintables Restocking
Gildan Activewear reported a steep decline in earnings in the first quarter, as expected, as sales were impacted by lower levels of distributor restocking. Higher raw material and other input cost pressures also pressured margins.
Fitbit Tops Guidance On Robust Smartwatch Sales
FtbIit Inc.’s first-quarter results topped expectations, driven by a 117 percent hike in smartwatch sales. Another encouraging development was tracker device sales rising for the first time since the third quarter of 2016.
Garmin CEO Talks Tacx Acquisition, Strong Q1
Garmin Ltd. President and CEO Cliff Pemble spent only a little time on Wednesday’s Q1 earnings call with analysts discussing the company’s acquisition of Tacx, but he did shed some more light on how Garmin would go to market with its newly acquired Dutch business, which designs and manufactures indoor bike trainers, tools and accessories, as well as indoor training software and applications.
Unifi Lowers Outlook Again
Unifi Inc. for the third quarter in a row lowered its outlook for the year due to competitive pressures in the polyester space, especially from low-cost imports heading into the U.S.
Big 5 Delivers Robust First Quarter But Weak Outlook
Big 5 Sporting Goods Corp. delivered a strong first quarter as cold weather boosted its winter business. But the California-based sporting goods chain also warned of a loss in the current quarter due to a later Easter this year and also warned that overall sales appear soft.
Unity Needed For Snow Sports Industry To Boost Participation
As this historic ski and snowboard season winds down, it’s time for the industry to gather for an après drink and find ways to reverse the trend of declining participation. SGB spoke with numerous stakeholders about how they can contribute to the cause and why building on the momentum of this epic season is so critical.
Modell’s Fight For Survival
In a comprehensive interview with SGB Executive, Mitchell Modell, CEO of Modell’s Sporting Good’s, discusses the retailer’s frantic outreach efforts to save the company following reports of a possible bankruptcy filing. Plans to further stabilize and improve the business were also detailed.
Columbia Eyes Three Key Growth Markets Following Strong Q1
After reporting record sales and an earnings beat in the first quarter, Columbia Sportswear Co. is now looking to amplify its brand presence in three key markets—New York, Denver and China—that offer additional growth opportunities for the outdoor apparel and footwear giant.
Hydro Flask Propels Helen Of Troy’s Q4 As Brand Expansion Continues
Shares of Helen of Troy Ltd. soared $24.93, or 21.6 percent, to $140.29 at market close Friday after the company earlier in the day reported sales in its housewares segment, which includes Hydro Flask, increased 7.8 percent to $126.1 million in the fourth quarter ended February 28. The company continues to have big plans for the brand.
