SGB Executive Sports & Fitness
Wolverine’s ‘Consumer Obsession’ Kicks Into High Gear
Wolverine Worldwide Inc.’s first-quarter performance not only beat analysts’ expectations on both revenue and income, but it prompted the company to raise full-year earnings guidance as the next phase of an ambitious, multimillion-dollar global growth agenda kicks in.
Gaiam, And1 And Avia Gaining Traction For Sequential Brands In Q1
Sequential Brands reported a loss on flattish sales in the first quarter, but results were slightly above expectations and the company’s three key active brands, Gaiam, And1 and Avia, are all seeing momentum at retail. Revo, the sunglass brand, was divested during the quarter.
Asics Americas Q1 Sales Drop 27 Percent
Asics Corp.’s sales in the American region fell 26.6 percent in the first quarter on a reported basis and 23.3 percent on a currency-neutral basis, to ¥21.9 billion ($200 mm). The decline was attributed to “weak sales in the U.S.”
Nautilus Bangs Out 14 Percent Gain In Retail Sales In Q1
Nautilus Inc. reported sales in the company’s Retail segment climbed 13.7 percent in the first quarter to $43 million, driven by a number of categories in both the mass retail and specialty fitness space. Retail sell-throughs were driven by the Bowflex Results line of cardio products, most notably the treadmill lineup.
Delta Apparel Q2 Boosted By Salt Life, DTG2Go
Fighting off higher raw material prices, Delta Apparel saw both sales and earnings increase year-over-year after adjusting for last year’s sale of Junkfood Clothing. Sales were boosted by the acquisition of DTG2Go and a 7 percent gain at Salt Life that offset a slight decline at Soffe.
Iconix Finds Starter, Umbro Resets Gaining Traction
Iconix Brand Group Inc. reported net earnings again eroded in the first quarter on a 17 percent revenue decline. But results were in line with expectations and Iconix’s management said they’re making progress realigning the company’s brand relationships, including Umbro’s with Target and Starter’s with Amazon.
Aisle Talk Week of April 30
Top headlines from the active lifestyle industry you may have missed this week, including Nike Inc. CEO Mark Parker (pictured) holding a rare company-wide staff meeting at Nike headquarters to apologize for recent incidents at the company.
Vans ‘Nothing Short Of Outstanding’ in Q1
Vans delivered another record quarter for VF Corp., which rode the footwear brand and the rest of its portfolio to an outstanding first quarter. VF reported earnings of $252.8 million, or 65 cents per share, for the quarter ended March 31, up 20.9 percent from the same quarter a year ago.
GoPro Ramps Up Marketing Spend
First-quarter success in international markets without the benefit of sustained marketing support has GoPro Inc. bullish on sales prospects in those regions, and really everywhere the company’s products are sold.
Crosman And 5.11 Up, Liberty Safe Down For CODI
Compass Diversified Holdings (CODI) reported healthy growth for Crosman and 5.11 in the first quarter but Liberty Safe saw a steep decline.
Golf Club Sales Drive Acushnet’s Q1 Performance
Strong demand for Titleist golf clubs–most notably the 718 irons, Vokey SM7 wedges and Cameron Select putters–helped drive parent company Acushnet Holdings Corp.’s strong first quarter.
Adidas AG’s North American Momentum Continues
Adidas AG said a slowdown in Western Europe and continued weakening the company’s key footwear franchises in the first quarter was more than matched by strong sales momentum overall in North America and Greater China, an accelerating apparel business and strong full-price selling.
Versa Accelerates Fitbit’s Revenue Shift Toward Smartwatches
Smartwatches composed about 30 percent of Fitbit Inc.’s revenue in the first quarter, but based on executive commentary during yesterday’s earnings call, look for the products to grab even an larger share of the company’s top line in future earnings reports.
Fitness And Outdoor Drive Garmin’s Q1 Growth
Powered by robust gains in its Outdoor, Fitness and Aviation segments, Garmin Inc. reported sales climbed 10.8 percent in the first quarter.
The Fēnix drove Outdoor and the new Forerunner launch helped lift Fitness.
Big 5 Wacked By Weather Woes In Q1
Big 5 Sporting Goods reported that a lack of cold weather crushed its winter business early in the first quarter while the arrival of chilly weather restrained its spring business later in the quarter.
