SGB Executive

Canada Goose Blasts Past Street Targets In Q3

Driven by oversized growth in its direct-to-consumer (DTC) channel and its ability to drive premium pricing, Canada Goose Holdings Inc. reported third-quarter results that easily eclipsed Wall Street’s consensus estimates.

Winchester’s Q4 Profits Tumble On Pricing Pressures

Said John Fischer, Olin’s chairman, president and CEO, on a conference call with analysts, “We’re currently cautious about our Winchester forecast due to the high commodity and other material costs and the pricing environment.”

Wall Street Shrugs Off Lululemon CEO’s Abrupt Exit

Lululemon’s shares rose slightly on Tuesday despite the abrupt resignation of its CEO, Laurent Potdevin, due to an unidentified misconduct. Analysts generally felt the company remained in good hands, led by Glenn Murphy, the former head of Gap Inc.; and some had issues with the way Potdevin steered the company.

Delta Apparel’s Q1 Boosted By Rebound At Soffe

“Soffe was a bright spot for us during the quarter and we believe it is gaining solid momentum as we move further into fiscal 2018,” said Robert Humphreys, chairman and CEO, on a conference call with analysts.

Active Brands Owed Money In Bon-Ton’s Bankruptcy

Under Armour is owed $1,4 million in the bankruptcy of Bon-Ton Stores. Others in the active space with large unpaid bills include Hanesbrands, Perry Ellis, Skechers and Deckers Brands.

Outdoor Retailer + Snow Show Draws 29,000 Attendees

The Outdoor Retailer + Snow Show, which debuted for the first time in its new home in Denver, drew over 29,000 total attendees, with more than 7,500 verified retail buyers from 60 countries joined with over 1,000 brands for four days.  

Johnson Outdoors Buoyed By Strength In Fishing And Diving

On a conference call with analysts, Helen Johnson-Leipold, CEO, said both its Fishing and Diving segment are benefitting from successful innovations. The Camping and Watercraft Recreation segment “continue to be very challenging” and are being impacted by constrained inventories in the marketplace.

Deckers Brands Q3 Blasts Past Guidance

Ugg’s 4.3 percent revenue gain was aided by chilly December weather that drove re-orders, store rationalization and enhanced segmentation, and the successful opening up of Macy’s, Amazon and Footaction. Hoka’s sales jumped 65.7 percent and benefited from its expansion into the stability category.

GoPro Sets Six-Point Sales Revival Plan

Wrapping up a disappointing holiday campaign, GoPro reported fourth-quarter results that came in even below a severe downward revision given only on January 8. But management said a move to lower prices in early December had boosted sell-throughs and listed six priorities for 2018 designed to build on that traction.

Oppenheimer Upgrades Foot Locker

Oppenheimer upgraded Foot Locker to “Outperform” due to strong innovation arriving from Nike, ongoing momentum at Adidas and a pickup in mall traffic.

Academy Sports Faces Layoffs Again

Following a round of layoffs last summer, Academy Sports + Outdoors said it will be laying off approximately 140 corporate employees largely due to the outsourcing of certain IT functions at the retailer.

Hello Denver! (Take Two)

SGB reached out to a number of attendees of the inaugural Outdoor Retailer + Snow Show and heard largely positive feedback. Comments from Klean Kanteen, Vasque, Bogs, Pro-Tec, Massey Outfitters, OrthoLite, Croakies, Implus, Sweet Protection, Maine Outdoor Brands, Walls Outdoor Goods, Dare 2b, Craghopppers, Free Country, Kamik, MSR and Honey Stinger.