SGB Executive

Newell Brands’ Outdoor Businesses Showing Some Recovery

Newell Brands Inc. said sales at its Outdoor & Rec division declined again in the second quarter but sales are improving sequentially as the division anniversaries Coleman‘s loss of distribution at a key U.S. retailer.

5.11 Exceeds CODI’s Expectations While Velocity Falls Short

Compass Diversified Holdings (CODI) saw its two primary brands in the outdoor and sportsman’s space—5.11 and Velocity Outdoor—head in different directions during the second quarter. While 5.11 exceeded the company’s expectations, Velocity encountered some headwinds that stunted growth.

Asics North America Sees Second Straight Quarter Of Growth

Asics North America sales inched up 0.8 percent but it was enough to mark its second straight quarter of growth. The gains were led by “strong sales of the Core Performance Sports category and steady sales of the Performance Running category.” Online sales jumped 39.9 percent.

Emerald Execs Talk Outdoor Retailer

Emerald Expositions Events Inc. continues to beat the drum about Outdoor Retailer’s three-show cycle, which still has its doubters. During Thursday’s earnings call with analysts to discuss the company’s overall performance for the second quarter, Emerald’s recently appointed President and CEO Sally Shankland and CFO Phil Evans provided some color around the “cadence” of Outdoor Retailer.

Aisle Talk Week Of July 29

Top headlines from the active lifestyle industry you may have missed this week, including industry and retail trade organizations reacting quickly to criticize President Trump’s plans for a new 10 percent tariff on $300 billion of Chinese imports, taking effect on September 1, 2019.

Sturm, Ruger’s Revenues Tumble In Q2

Sturm, Ruger & Company Inc.’s sales in the second quarter plunged 25 percent and earnings fell even further. The results were hurt by the bankruptcy of the Ellett Brothers on top of continued stagnant demand for firearms.

Strong Q2 Again Proves Yeti Much More Than Expensive Coolers

The second quarter was an ideal period for Yeti Holdings Inc. to prove once again it offers much more than expensive coolers. During the period, Yeti launched new products and executed on strategic initiatives as the company’s earnings on an adjusted basis increased 23 percent on a 12 percent revenue gain.

Champion’s Explosive Growth Continues

Champion’s revenues, excluding the C9 brand being phased out at Target, jumped more than 50 percent in the second quarter despite facing tougher comparisons. HanesBrands, Champion’s parent, said the marked the eighth consecutive quarter that Champion’s growth globally has been at or above 30 percent.

Fitbit Axes Guidance As Versa Lite Flops

Shares of Fitbit fell 21 percent on Thursday after the company slashed guidance for the full year and indicating it was changing its approach to pricing and promotions as sales of the Versa Lite smartwatch fell short of targets. Fitness tracker sales rebounded in the second quarter, but the company’s streak of quarterly revenue growth will end in the third quarter.

Can Nautilus Inc.’s New CEO Right The Ship?

Monday was Jim Barr’s first day as Nautilus Inc.’s new CEO. Three days later, he hosted the company’s earnings call to discuss a lackluster second quarter in which the Vancouver, WA-based exercise equipment manufacturer missed both EPS and revenue expectations. Turning around the company’s fortunes is why Barr was brought on board, so can he deliver?

Delta Apparel’s Q3 Tops Expectations As Salt Life’s Growth Takes Off

Profits at Delta Apparel Inc. rose 6.5 percent in third quarter ended June 29, boosted by improved profitability in both its Delta Group and Salt Life Group segments and accelerated top-line growth overall. Among brands, sales grew 18 percent at Salt Life and 3 percent at Soffe. Activewear sales were relatively flat.

Puma Sees Growth Accelerate In Q2

Boosted by booming sales in China, accelerated growth in the U.S. and Europe, and broad-based growth across categories, Puma reported second-quarter results that topped analysts’ targets and lifted its guidance for the year.

Tacx Acquisition Helps Garmin Rev Up Fitness Segment

The acquisition of indoor bike training manufacturer Tacx is boosting Garmin Ltd.’s top line and gross margins. The evidence arrived in the second quarter—the period in which the Tacx deal was completed—as the brand’s sales helped pad Garmin’s growing fitness segment.

Big 5’s Shares Pop On Healthy Q2 Results

Shares of Big 5 Sporting Goods Corp. jumped 48 cents, or 29.1 percent, to $2.13 Wednesday after the West-Coast sporting goods chain’s comps rose for the third-straight quarter, quarterly earnings topped guidance, and its balance sheet improved. Robust earnings gains were also forecast for the third quarter.