Growing Summer Visits Cut Intrawest’s Losses
Rising visits for hiking, biking and other summer mountain outdoor activities is helping the highly seasonal business of ski resorts cut losses during the warm-weather months.
Flat Sales, Rosy Outlook At Fox Factory’s Bicycle Segment
Company executives expect bike manufacturers to buy more of its Fox forks and shocks and Race Face and Easton components, despite a slowdown in the dealer market.
Can Fitbit Keep Up The Pace?
Officials cited challenges in the Asia-Pacific region, some softening of demand and production issues with the new Flex 2 wristband for a weak year-end outlook.
Gaiam And Heelys Drive Sequential Brands’ Q3
Although the company beat and met Wall Street’s top- and bottom-line expectations for the quarter, investors pounced on weaker full-year earnings projections.
Gildan Activewear Lowers 2016 Guidance, But ‘Very Bullish’ For 2017
Despite missing Wall Street’s revenue and profit estimates, plus lowering full-year guidance, investors were encouraged by Gildan’s 2017 outlook to send the stock up.
Can Finish Line Find A Buyer For JackRabbit?
The report of a potential sale comes as the segment is improving its business, yet still underperforming its parent company’s expectations.
Sturm Ruger Shipments Accelerate Ahead of Election
Sales and earnings surged in the third quarter as the company’s distributors stocked up in anticipation of a quadrennial spike in gun sales that has accompanied recent presidential elections.
Big 5 Sees Big Benefits From Competitor Closures
With Sports Authority and Sport Chalet out of business, Big 5 took advantage in the Western U.S. of being one of few remaining sporting goods outlets. But new competition is coming.
Black Diamond Aims To Diversify With Acquisitions
Even as the company’s stock emerges as a way for investors to profit from the proliferation of climbing gyms, the company has scratched other outdoor equipment brands from its acquisition shopping list.
Nautilus Leans On Strong Retail Sales Amid DTC Weakness
Strength in its retail supported by its Octane Fitness acquisition as well as double-digit organic growth offset weakness in its direct segment that was blamed on distractions from the U.S. elections.
Performance Sports Seeks Bankruptcy Sale By February
A deal in place would sell nearly all of its assets for $575 million to an investor group led by Sagard Capital, its biggest shareholder, and Fairfax Financial Holdings Ltd., but other bids may emerge in the bankruptcy auction.
Tough Sledding At Coleman And Marmot
Organic sales at Newell Brands Inc.’s Outdoor Solutions segment, excluding brands marked for sale, declined in the third quarter despite growth at Pure Fishing.
Champion’s Sales Hurt By Bankruptcies
While acknowledging declines at specialty sports channels, sales gains for activewear within mass channels gave officials confidence that the dip will be temporary.
Cautious Retailers Dampen Columbia Sportswear’s Growth Spurt
A bad (warm) winter, such as that of 2015, tends to hit vendors the following year. And that time is now.
Deckers Brands Trims Guidance
Seasonal woes at its Ugg brand, following last year’s warm winter, are denting orders from retailers, but with a healthy inventory, officials are optimistic for the holiday season to come.
