SGB Executive

Newell Brands reported its Outdoor & Recreation segment, which includes Coleman, Marmot and several other brands, saw core sales growth of 2.5 percent in the second quarter on top of 25 percent in the year-ago period. Ravi Saligram, Newell’s CEO, told analysts that sales in the Outdoor & Recreation segment are expected to decelerate in the back half due to inflationary pressures.

Founded in 2013, Outdoor Gear Builders (OGB) cultivates, connects and supports the outdoor community in Western North Carolina, becoming one of the first organized alliances of outdoor gear brands in the United States. SGB Executive talked with Matt Godfrey, the nonprofit’s new executive Director, about forming the organization, its mission and plans for future growth.

VF Corp’s profits and sales for the fiscal first quarter ended July 2 were largely in line with plan amid weakness in China and foreign currency headwinds. Highlights included double-digit gains for The North Face and Timberland. Steve Rendle, chairman, president and CEO, said VF’s premium brands have not yet felt the impact of macroeconomic pressures.

Deckers Brands’ earnings and sales arrived well above analyst targets in the fiscal first quarter ended June 30, catapulted by Hoka’s stellar appointment with sales growing 54.9 percent in the period to $330.0 million, eclipsing the billion-dollar milestone over the trailing twelve-month period.

Vista Outdoor reported earnings and sales easily exceeded company guidance in the first quarter ended June 26 with strength in premium offerings; however, officials told analysts it was tempering its outlook for the fiscal year due to macroeconomic pressures, as category demand at lower-price points continues to be adversely affected by inflation.

Columbia Sportswear Co. slashed its guidance as sales weakness in June continued into July, with the blame being attributed to inflation and recessionary concerns. Officials told analysts the lower earnings guidance also reflected continued supply chain disruption and heightened promotion risks due to elevated market inventories.

Shares of Garmin fell $8.94, or 8.7 percent, to $93.56 on Wednesday after the wearables maker lowered its guidance for the year due to weakness in its fitness segment and supply constraints in its marine segment.

Puma reported stronger than expected second-quarter results as healthy double-digit growth in the Americas and the EMEA region offset weakness in China. Puma raised its sales guidance for the year but maintained its EPS outlook due to potential margin pressures.

Skechers USA’s sales and earnings topped its guidance in the second quarter, but the company maintained its outlook for the year given escalating macroeconomic headwinds worldwide. David Weinberg, COO, told analysts Skechers expects to have opportunities to gain share should the economy slow. He said, “We do have the opportunity, as in the past, to take advantage of an adverse situation by offering the right product at the right price.”

Adidas significantly reduced its sales, margin and earnings guidance for the year as it now expects revenues in Greater China to decline at a double-digit rate during the remainder of the year. 

At the Emerging Growth Conference, Rob Blair, COO at RYU Apparel, Inc., discussed the Vancouver-based activewear brand’s major reset that includes a digital-first approach complemented by a wholesale push.
Blair believes RYU can stand out within the sea of “me-too” offerings in the athleisure marketplace.

Citing high inventories, lower traffic and early promotions, Stifel on Wednesday reduced operating earnings estimates and price targets on nearly all companies under its coverage in the active lifestyle space while downgrading Wolverine World Wide and Allbirds.

Despite signs of lessening port congestion in the U.S., several recent surveys conducted with supply chain professionals show that economic conditions, rising inflation and global tensions prevent a return to normal. Carl Marks Advisors (supply chain unlikely to stabilize until first half of 2024 or beyond) A recent survey of supply chain executives conducted by Carl […]

Last year, Wilson Sporting Goods launched its first lifestyle apparel collection and opened its first retail doors. SGB Executive talked to Gordon Devin, general manager, Wilson Sporting Goods, and president of DTC, soft goods and brand, about the moves and future plans.

American Outdoor Brands reported results for the fiscal fourth quarter that topped Wall Street targets. Still, shares in mid-day trading Friday were down about 10 percent after the outdoor accessories maker declined to provide guidance for the current fiscal year due to an uncertain inventory environment at retail in the back half of the year.