Inside The Call: Hydro Flask’s Growth Accelerates In Q3
Helen of Troy, which recently closed its acquisition of Osprey Packs, reported sales in its Housewares segment rose 10.7 percent in the third quarter ended November 30 on top of 21.4 percent growth in the year-ago period with strong growth for its Hydroflask and OXO brands. Julien Mininberg, Helen of Troy’s CEO, said “Hydroflask’s especially strong growth in the quarter sweetened the mix, improving the margins for Housewares.”
Active Lifestyle Market 2022 Vision … Part One
Over the past couple of weeks, the Editors of SGB Executive reached out to dozens of executives across the active lifestyle market to share their outlook for 2022. Responses from Backcountry, Kodiak, SIA, Houlihan Lokey, Slinger Bag, prAna and more.
Sportsman’s Warehouse Re-Focuses On Stand-Alone Growth
In an interview with SGB Executive, Jon Barker, president and CEO at Sportsman’s Warehouse Holdings, Inc., admitted he was “disappointed” the retailer’s merger with Bass Pro fell apart. However, he said that his team is “re-energized” to focus back on growth as a stand-alone company particularly as the pandemic has elevated opportunities across outdoor categories.
Guggenheim Cites Nike As “Best Idea”
In his 2022 outlook for stocks under his coverage, Guggenheim analyst Bob Drbul said Nike remains his “Best Idea” due to its favorable secular tailwinds, leading market share, a robust innovation pipeline, and digital expertise.
Baird Rates Under Armour And Planet Fitness As 2022 Top Ideas
Baird Equity Research’s analyst Jonathan Komp in a note Tuesday rated Under Armour and Planet Fitness as his two top 2022 ideas as investor sentiment is expected to focus on “visible cyclical earnings recovery prospects.” Baird upgraded Under Armour to “Outperform” while downgrading Wolverine World Wide and Columbia Sportswear.
Active Lifestyle Stocks Churn Out Robust Gains in 2021
With many companies continuing to see benefits from changed behaviors due to the pandemic, the wide majority of active lifestyle stocks soared to new heights in 2021. Among the big winners were Academy Sports + Outdoors, up 113.3 percent; Dick’s Sporting Goods and Crocs, both ahead 104.6 percent; Shoe Carnival, 99.5 percent; Vista Outdoor, 93.9 percent; and Clarus Corp., up 80.0 percent.
The 2021 Year In Review: M&A Accelerates Across Active Lifestyle Market
The pace of mergers & acquisitions picked up in 2021 after a pandemic-restrained year in 2020. Among the major brands and stores that found new owners were Beyond Yoga, DTLR Villa, Eddie Bauer, Hey Dude, Imperial Headwear, JackRabbit, Neptune Mountaineering, Osprey, Reebok, Spanx, Sportsman’s Guide, Sweaty Betty, TaylorMade, and WSS. Here is the full list of M&A actions for 2021.
Happy New Year!
SGB Media wishes all the best to you and your family for the New Year. We will resume posting the SGB Update and Executive newsletters on January 2, 2023. Cheers!
The 2021 Year In Review: Executive Shuffle
New heads of Amazon, Asics North America, Boardriders, Herschel Supply, Salomon, Timberland, and Topgolf were among the major C-suite moves that transformed leadership across the active lifestyle industry in 2021. SGB Executive rounds up other notable executive changes by month for 2021.
Gone But Not Forgotten In 2021
As the year comes to a close, SGB Media remembers the leaders in the Active Lifestyle Industry we lost in 2021.
Vista Outdoor’s CEO Discusses Stone Glacier Acquisition
Marking its seventh acquisition in the last 16 months, Vista Outdoor acquired Stone Glacier, an ultralight backcountry and hunting gear brand based in Bozeman, MT. Here, Vista Outdoor’s CEO Chris Metz talks to SGB Executive about Stone Glacier’s growth potential and Vista’s entry into the packs, camping equipment and technical apparel categories
Why Is Crocs Acquiring Hey Dude?
Shares of Crocs fell 11.6 percent last Thursday after the company announced plans to acquire casual shoemaker Hey Dude for a whopping $2.5 billion. On an analyst call, Crocs’ CEO Andrew Rees identified eight strategic advantages to the acquisition while analysts generally found more potential benefits than risks.
Wall Street Reacts: Nike’s Q222
Shares of Nike Inc. rose 6.1 percent on Tuesday after the sportswear giant reported fiscal second-quarter results that surpassed Wall Street’s expectations and maintained its guidance for the fiscal year. Analysts were impressed with the performance that was driven by better-than-expected gross margins and accelerated growth in North America although concerns included a steep sales decline in China and the timing of the supply chain recovery.
Inside The Call: North America And Digital Power Nike To Q2 Beat
Nike Inc.’s fiscal second-quarter earnings and sales topped Wall Street’s expectations as strong momentum in North America helped offset a steep decline in China. The sportswear giant maintained its guidance for the full year. Major themes on Nike’s analyst call included continued hyper-growth in digital, the Nike One Place reset accelerating Nike’s direct growth, healthy full-price sales, and ongoing, but not-worsening, supply chain disruption.
Marucci Sports Follows Baseball’s Recovery To Record Year
At Compass Diversified Holdings (CODI) recent Investor Day event, Kurt Ainsworth, CEO of Marucci Sports, told the story on Marucci’s success, its devotion to the game of baseball and identified five incremental growth opportunities.
