Cybex First Quarter Sales Inch-up 1%; Income Down
Cybex net sales for the first quarter were $24.8 million, representing an increase of 1% compared to net sales for the first quarter of 2004 of $24.4 milion. Net income for the quarter ended March 26, 2005 was $119,000, or one penny per diluted share, com
Brine Expands Team Brine with Passavia Signing
Brine, Inc. has inked defensemen Chris Passavia to a multi-year contract. Passavia will join Brine’s team of lacrosse super stars known collectively as Team Brine. As a member of Team Brine, Passavia will be working closely with the research and develop
Wilson Named Official Ball for Australian Open
Wilson Sporting Goods has signed a five year deal to provide the official tennis balls for the Australian Open and major lead-in tournaments on the Road to the Australian Open. The deal, which now makes Wilson the Official Ball for two of the four Grand
SEC Fines Deloitte and Touche Over Just for Feet Audit
Deloitte & Touche LLP has reached settlements related to the 2000 audit of Adelphia and the 1998 audit of Just For Feet. Each of these cases involves a consent decree, signed by Deloitte & Touche LLP, in which it neither admits
nor denies wrongdoing. As
Greg Norman Collection Posts 20% Sales Increase
Greg Norman Collection announced that its net sales increased 20% in its first quarter ended March 31, 2005. This represents the ninth consecutive quarter of double-digit sales growth for the company. The company also reported improved operating profits f
VF Outdoor Division Q1 Profits Up 133% on 13% Organic Growth
VF Corporation reported first quarter sales rose 9% to $1.56 billion from $1.43 billion in the year-ago quarter. Net income increased 18% to $122.9 million from $103.9 million, with earnings per share rising 15% to $1.07 from 93 cents per share. The acq
Gander Inks Deals with Dodge Verizon and Radio Disney
Gander Mountain has signed corporate partnerships with Dodge, Verizon Wireless and Radio Disney. These partnerships are designed to cross-promote each brand through a sharing of individual resources, such as marketing materials and retail space…
Brunswick Q1 Earnings Nearly Double On 17% Sales Increase
Brunswick Corporation reported net earnings of $94.6 million, or 96 cents per diluted share, for the first quarter of 2005, up 97.1% from net earnings of $48.0 million, or 50 cents per diluted share, for the year-ago quarter. Results for the first quarter
K2 Takes Q1 Hit on Higher Operating Expenses; In-Line Weakness Hurts Growth…
K2’s diversification seems to be paying off by balancing the seasonality of the different businesses and compensating for any unseasonable weather-related issues that have been plaguing many other manufacturers. Still, the balance didn’t help the bottom l
Deckers Shows Solid Q1 Performance, But…
Despite hitting its estimates for sales and earnings for Q1, Deckers saw its shares plunge 25% last week after the company started to show some weakness in its core Teva business. Analysts may also be spooked a bit by the reliance placed on the UGG brand
Timberland Posts Solid Q1, But Sees Slower U.S. Boot Business in Q2 and Q3…
The Timberland Company saw a further shift of its business to the International side of the scale in the first quarter as both reported and constant dollar sales outpaced the domestic gains. The company did get a lift in late season boot sales in the Nor
Lafuma Sees Success on Both Sides of the Pond…
The Lafuma Group is showing some positive results for its fiscal first half-year with a 7.0% increase in total sales to €87.3 million ($113.9 mm), compared to €81.6 million ($98.2 mm) last year. International sales within the group are showing similar res
OR Summer Market Open Air Demo Changes Venue…
The Open Air Demo event that kicks off Outdoor Retailer Summer Market 2005 will be held at a new and much larger location: Willard Bay State Park. Located fifteen miles north of Ogden, Utah, Willard Bay offers 9,900 acres of fresh water for paddling, swim
Itochu Backs Sims for the Long-Haul…
Sims snowboards is trying to alleviate any confusion and quell rumors surrounding the company’s staying-power. Apparently, the company was receiving reports from their sales reps that retailers were concerned about Sims’ new parent company, Itochu Intern
Wolverine Sees More Balanced Results, But Outdoor Still Driving Growth…
Wolverine World Wide, Inc. got fairly balanced performances from each of their divisions in the first quarter ended March 26, with all groups reporting “solid” revenue growth and double-digit earnings gains for the period, but the Outdoor Group, which inc
