Former Jarden Outdoor Segment Sees Meager Q1 Growth For Newell Brands
Growth from Contigo beverage containers, Coleman coolers and Team Sports was partially offset by inventory destocking at Fishing and ongoing challenges on Coleman camping.
Camping World Owner Vows To Revive Gander Mountain
Marcus Lemonis, chairman and CEO of Camping World, has pledged to bring back at least 70 Gander Mountain locations. He expects the chain will greatly benefit from lease renegotiations, a merchandise overhaul and localizing assortments by market.
Johnson Outdoors Reports 12 Percent Net Sales Increase
Key contributing factors in year-over-year comparisons in each business unit included strong demand for new products in Minn Kota and Humminbird brands, which powered a 16 percent increase in fishing revenue year-over-year.
Dorel Sports Sees Cycling Profits Rebound
“Dorel Sports improved materially as a restructuring efforts and more cost efficient cost structure are now bearing fruit,” stated Martin Schwartz, president and CEO of Dorel Industries.
Aisle Talk, Week Of May 1
Top headlines from the active lifestyle industry you may have missed this week.
Adidas Brand Catapults 36 Percent In North America In Q1
Showing the brand is indeed regaining market share against Nike and several other competitors, Adidas Group reported currency-neutral revenues for the Adidas Brand vaulted 36 percent in the first quarter in the North America region.
Callaway Golf Sees 13 Percent Sales Increase For Q1
The better-than-expected first quarter resulted in a sales guidance increase of $45 million – $50 million to $960 million – $980 million, compared to prior guidance of $910 million – $935 million.
Active Brands See Solid Growth For Sequential Brands In Q1
AND1, Avia, Heelys and Gaiam all saw progress in the first quarter for Sequential Brands Group.
Gildan Sees Record First Quarter
“Despite an environment where we continue to see mixed market conditions, including the impact of store closings, we believe our performance during the first quarter positions us well to deliver on our previous guidance for the full year,” EVP and CFO Rhodri J. Harries said during a conference call.
Fox Factory Rolls Through Q1 Ahead Of Expectations
“Our product innovation has helped drive the success of product line-ups across bike and powered vehicles,” said CEO Larry Enterline in a conference call. “We continue to believe the diversification of our product offerings and end markets have helped to consistently set us apart in the industry and continue to position as well for future growth.”
Fitbit Readies Smartwatch Launch
Said James Park, CEO, “By entering the smart watch category, we believe we can not only address growing segment, but a larger total addressable markets.”
Garmin Able To Offset Weakness In Activity Trackers In Q1
Healthy double-digit growth its outdoor, marine and aviation segments helped offset slowing sales in its fitness and automobile to help Garmin Ltd. exceed Wall Street’s targets in the first quarter. Garmin also indicated its advanced wearables with GPS capability continued to perform well.
Cabela’s Q1 Benefits From Expense Cuts, Credit Strength
Cabela’s not surprisingly saw earnings and sales decline in the first quarter as a result of an industry-wide downturn in firearms sales following the election of Donald Trump. But expense-containment efforts and healthy results from Cabela’s CLUB Visa program helped the retailer exceed Wall Street estimates.
Winchester’s Revenues Impacted By Surprise Election
John Fischer, chairman, president and CEO, said, “Customers reduced their inventory that had been built ahead of the November 2016 Presidential election, in anticipation of a different election outcome. We expect this impact to continue through the second quarter.”
Bogs Sales Tumble 21 Percent In Q1
On a conference call with analysts, Thomas Florsheim, Jr., Weyco’s chairman and CEO, said Bogs was hurt in the quarter by unseasonably warm weather and a lack of precipitation, as well as the migration to online selling and shifts in discretionary spending away from soft goods purchases.
