SGB Executive

TJX Takes Impairment Charge For Sierra Trading

The TJX Cos. took an impairment charge of 10 cents a share, or about $64 million, against fourth-quarter earnings for Sierra Trading Post due to a decrease in projected revenue growth rates.

Brunswick Sets Life Fitness Spin Off

“FitnessCo will be positioned to continue to grow, innovate and provide customers with high-quality solutions while also ensuring that the Marine business is best positioned to continue creating value for our shareholders,” said Brunswick Chairman and Chief Executive Officer Mark D. Schwabero. 

Gander Outdoors Openings Off To Heathy Start

Camping World said the opening of its first Gander Outdoors locations are off to a good start. Officials also estimated that its overall Outdoor and Active Sports business segment – also including Overton’s, TheHouse.com, Uncle Dan’s, W82, and Erehwon – will bring in $400 million in revenue in 2018.

Big 5’s Q4 Blasted By Warm Winter Out West

Said CEO Steve Miller on a conference call with analysts. “While much of the country has endured often extreme winter weather conditions over the past few months our western U.S. markets have experienced significantly warmer than normal weather and one of the driest periods on record.”

Fitbit’s Shares Tumble On Dismal Outlook

Shares of Fitbit Inc. hit an all-time low after it failed to turn a profit in the fourth quarter, missing analyst earnings expectations. The wearable leader also gave a poor outlook for the current year, including first-quarter guidance well below Wall Street’s targets.

Hibbett’s Blows Past Guidance

Particularly benefitting from the quick ramp-up of e-commerce operations, Hibbett Sporting Goods reported preliminary fourth-quarter earnings that handily eclipsed Wall Street’s targets.

Sturm Ruger’s Sales And Job Count Drops In 2017

Sturm Ruger reported sales dropped 26.9 percent in the fourth quarter, worsening from the slide of 21.2 percent seen in the year. The company also indicated that it had eliminated about 700 jobs over the last 13 months due to a steep downturn in the firearms category since the last presidential election.

Gildan Q4 Saved By Printwear Strength, Looks To Merge Printwear/Branded Units

Gildan Activewear reported underlying earnings in the fourth quarter came in at the high end of guidance as robust Printwear sales helped offset rising input costs and weak socks sales in its Branded segment. The company also announced plans to consolidate the Printwear and Branded segments as part of a major realignment for 2018.

The Fēnix Stars For Garmin

While the Fitness segment continued to struggle to overcome the maturity of the basic activity trackers space in Q4, Garmin’s Outdoor segment remainS on fire, led by the Fēnix line of adventure watches.

Finish Line Upgraded By Buckingham Research

Buckingham Research raised its rating on Finish Line to “Neutral” from “Underperform” in part because of its depressed stock price, healthy balance sheet and expectation that margins should start improving by its back-to-school quarter.

Wolverine Worldwide’s Q4 Boosted By Improved Margins

Boosted by fatter gross margins, Wolverine Worldwide reported adjusted earnings per share in the fourth quarter of 41 cents per share, a 20 percent increase over the last year. Underlying growth of 1.7 percent. Eighteen percent growth at Merrell and nearly 30 percent at Chaco helped offset declines in the low double digits at the flagship Wolverine brand, high single digits at Sperry and mid-single digits at Saucony.

Rocky Brands Sees Wholesale Brands Return To Growth In Q4

Work and western boots both grew double-digits in the fourth quarter. Hunting sales increased modestly year-over-year added in part by cold weather throughout much of the fourth quarter and a decision earlier last year to implement more aggressive pricing.