SGB Executive

North America Momentum Builds For Adidas

Helped by securing 400 new doors with Dick’s and Foot Locker so far this year, Adidas AG delivered 33 percent growth for the Adidas Brand in the North America region in the second quarter. On a conference call with analysts, Kasper Rorsted, Adidas AG’s CEO, said Adidas Brand has “not had the appropriate distribution” at places like Dick’s and Foot Locker and continues to benefit from greater allocations.

Is Reebok Making Progress?

Reebok is regaining traction in some key parts of the world but continues to see steep declines in North America due to an ongoing extensive reset in the region.

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.

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.

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.