SGB Executive

Callaway Golf Co.’s $476 million acquisition of Jack Wolfskin, which was announced last fall and completed in January, raised plenty of eyebrows across the business world. But this newest asset paid off for Callaway in Q2 by delivering $48 million in sales, helping the company not only post a revenue beat in the period but also raise guidance for 2019.

Vista Outdoor Inc. CEO Chris Metz on Thursday cited a host of “challenging” headwinds that led to the company’s disappointing fiscal first-quarter performance. However, he also spent a lot of time on this week’s earnings call with analysts detailing how the executive team plans to revamp and revitalize the beleaguered Anoka, MN-based company and its brands, including CamelBak.

Iconix Brand Group’s operating losses were significantly reduced in the second quarter due to aggressive cost-cutting efforts. Sales, as expected, fell sharply but Iconix officials said they’re making progress lining up new licensing partners for many of its brands.

SportChek saw same-store sales climb 3.7 percent in the second quarter, marking its fourth consecutive quarter of growth and boosted by the Toronto Raptors being crowned NBA champions. Company-owned brands vaulted 47 percent at SportChek, led by Helly Hansen’s expansion.

Top headlines from the active lifestyle industry you may have missed this week, including Fox International, Europe’s largest privately owned fishing tackle company, announcing that it has agreed to be acquired by Lew’s Holdings Corp., a leader in the U.S. fishing equipment market.

Adidas AG’s second-quarter operating profit missed estimates, squeezed by the cost of flying apparel from Asia to North America to address supply shortages. But the company reaffirmed its outlook for the year, predicting top-line growth will accelerate in the second half.

Record revenue in the second quarter couldn’t keep Camping World Holdings Inc.’s stock from nosediving Thursday. As investors saw the impact of margin pressures on the company’s revised full-year guidance, CWH shares dipped 28 percent in early morning trading before closing the day down $1.67, or 16.1 percent, to $8.71.

Mad Dogg Athletics, one of the pioneers of the indoor cycling craze, has filed for bankruptcy protection. The move follows three years of revenue declines that culminated in a loss in 2018 caused by a dispute over the termination of its Bodyblade license agreement. Other causes of the filing included heightened competition from Peloton, a botched website upgrade, and challenges transitioning its Spinner bikes’ license to Precor.

Wolverine World Wide reported second-quarter earnings that exceeded expectations but sales came in short and full-year guidance for revenues, gross margins and operating margins were reduced. On the bright side, Wolverine still expects revenues to accelerate in the second half as the company’s three largest brands, Merrell, Sperry and Saucony, combined expand 10 percent.

Although Acushnet Holdings Corp.’s $28.7 million acquisition of premium ski and golf apparel brand Kjus didn’t happen until the third quarter, CEO David Maher spent plenty of time on Wednesday’s Q2 earnings call discussing the company’s vision for its newest asset. He also explained why Acushnet views Kjus as a “great fit.”

Shares of Clarus Corp. closed the day down $1.87, or 14 percent, to $11.50 after the company on Monday said a sales decline at Sierra Bullets offset continued momentum at Black Diamond Equipment, resulting in a second-quarter revenue beat but an earnings miss. President John Walbrecht explains the countervailing winds that inversely affected the company’s portfolio.

Barneys New York Inc. filed for bankruptcy protection with a plans to close 15 of its 22 stores. The luxury chain plans to seek a buyer for the slimmed-down business and negotiate rent reductions with landlords. Moncler and Canada Goose were among vendors landing on the top-30 unsecured creditors list that read like a who’s who of fashion.

Tripp Wyckoff, president and CEO of Sherrill Inc., the Greensboro, NC-based distributor and retailer of arborist tools and climbing equipment, takes SGB behind the deal of the company’s recent acquisition of climbing rope manufacturer Sterling Rope Co. Inc. The company has big plans for its newest asset.

Johnson Outdoors Inc. reported Q3 sales improved 3 percent due to strength in its Fishing segment. Earnings declined modestly due to investments in online capabilities and the impact of tariffs.

While reporting Q2 earnings that missed estimates, Dorel industries’ officials described the U.S. tariffs on Chinese-made goods as the “most significant risk” to second-half results while indicating they’re causing “chaos” in the marketplace.