GoPro’s Stock Surges On Upbeat Quarter
GoPro reported second quarter results that came in well above internal guidance, forecast a smaller-than-expected loss for the third quarter, and indicated it was on track to launch the latest version of its flagship camera by the holiday season to all support its goal of returning to adjusted profitability in 2017.
Aisle Talk, Week Of July 31
Top headlines from the active lifestyle industry you may have missed this week.
Callaway Golf Q2 Boosted By Launches
Boosted by a strong response to the launch of its EPIC driver and Chrome Soft golf ball franchises, Callaway Golf Company reported operating earnings in the second quarter more than doubled as sales ran up 24 percent.
Newell Brands’ Play Segment Impacted By Fishing Destocking
Solid growth on Beverages, Coolers and Team Sports was more than offset by a decline in Fishing related to broad retail inventory destocking across specialty and mass retailers and the negative impact of the Gander Mountain bankruptcy.
Dorel Sports Fights Off Top-Line Challenges With Improved Profitability
Dorel Sports, which owns Cannondale, Schwinn and Sugoi, again saw a sharp decline in revenues due to continued challenges in the cycling space and inclement weather, but underlying earnings improved on fatter margins.
Johnson Outdoors’s Q3 Earnings Soar On Fishing And Diving Momentum
Gains of 18.2 percent in Fishing and 16.7 percent in Diving offset declines in Johnson Outdoors’s Camping and Watercraft Recreation segment.
SSI Data: Running Footwear Sales Post Modest Gains In Fiscal Second Quarter
Fashion Running Drives Most Growth in 13-Week Period Ended July 29
Sturm Ruger Can’t Predict ‘New Normal’ For Firearms Demand
Shares of Sturm Ruger fell $4.85, or 8.4 percent, to $52.85 on Thursday after the firearms manufacturer delivered a steep decline in earnings and sale that came in even worse than expected.
How Did Salt Lake’s Last Outdoor Retailer Show Go?
While traffic appeared light, as expected, at last week’s Outdoor Retailer Summer Market, hearts were heavy given the show’s exit from Salt Lake City for the first time in 22 years.
Gildan Activewear’s Q2 Boosted By Margin Gains
Gildan Activewear Inc. said it expects its earnings for the year to now come in at the high end of its guidance range after reporting strong margin improvement drove healthy second-quarter earnings.
Cabela’s Struggles Continue In Q2
In likely its last earnings report as a publicly traded company, Cabela’s blamed its poor performance on the slowdown in firearms sales since the presidential election, the Gander Mountain bankruptcy, and tough comparisons due to a number of shooting tragedies in the first half of 2016.
Fitbit Readies Smartwatch Holiday Launch
Fitbit logged a steep loss in the second quarter on a sharp sales decline. But shares closed up 77 cents, or 15.2 percent, to $5.84 on Thursday as results came in better-than-expected and officials indicated that its first smartwatch would be arriving in time for holiday selling.
Garmin Outdoor Segment Growth Takes Off
Garmin’s Outdoor segment saw sales catapult 46.3 percent in the second quarter, to $194.8 million. The gains were driven by strong demand for its fēnix 5 watch series.
Champion’s Sales Expand 7 Percent In Q2
Hanesbrands Inc. said sales of Champion grew 7 percent globally in the second quarter, boosted by strength in Europe and online globally. Champion is also expected to grow at a high-single digit rate for the balance of the year.
Delta Apparel’s Manufacturing Realignment Paying Dividends
Delta Apparel Inc. reported another quarter of impressive earnings gains. A realignment of its manufacture structure continues to feed efficiencies and cost savings that’s offsetting weakness in its Soffe and Salt Life brands in traditional sporting goods channels.
