SGB Executive Sports & Fitness
Aisle Talk, Week of March 5
Top headlines from the active lifestyle industry you may have missed this week.
Under Armour’s Sports Sponsorship Commitments Retreat In 2017
According to Under Armour’s just-filed 10K report, future sports marketing commitments fell 13.6 percent at the close of the year, reflecting the company’s overall efforts to reduce its cost structure.
Acushnet Q4 Aided By U.S. Golf Industry Stabilization
Said David Maher, Acushnet’s president and CEO, “We like our position in the U.S. market heading into 2018 and are optimistic that the U.S. retail channel is in the best shape it has been in for some time.”
Nautilus Seeing Healthy Response To Bowflex Treadmills
Nautilus Inc. said sales in its Retail segment were down in the fourth quarter due to timing issues but retail sell-throughs were strong for the Bowflex MaxTrainer as well as the recently-introduced Bowflex cardio line of treadmills and elliptical. Companywide, earnings were slightly down but in line with targets.
Shares Of Foot Locker Slump On Dismal Outlook
Shares of Foot Locker Inc. were down $5.84, or 12.7 percent, to $40.04 on Friday after the sneaker retailer reported weak fourth-quarter results and indicated the sales won’t likely rebound until the second half of 2018.
Aisle Talk, Week of February 26
Top headlines from the active lifestyle industry you may have missed this week.
Gap Seeing Strength In Active Well Beyond Athleta
On the retailer’s fourth-quarter conference call with analysts, Arthur Peck, CEO of Gap Inc., described Athleta’s performance in 2017 as “extraordinary,” but also indicated that the Gap chain and Old Navy are also seeing strength in active and performance lifestyle.
Brunswick Sets Life Fitness Spin Off
“FitnessCo will be positioned to continue to grow, innovate and provide customers with high-quality solutions while also ensuring that the Marine business is best positioned to continue creating value for our shareholders,” said Brunswick Chairman and Chief Executive Officer Mark D. Schwabero.
Active Brands Showing Growth For Sequential Brands Group
While the company wrapped up a fourth quarter in line with plans, Sequential Brands Group noted that all of its core Active brands – Gaiam, And1 and Avia – are all seeing momentum in the marketplace.
Big 5’s Q4 Blasted By Warm Winter Out West
Said CEO Steve Miller on a conference call with analysts. “While much of the country has endured often extreme winter weather conditions over the past few months our western U.S. markets have experienced significantly warmer than normal weather and one of the driest periods on record.”
Fitbit’s Shares Tumble On Dismal Outlook
Shares of Fitbit Inc. hit an all-time low after it failed to turn a profit in the fourth quarter, missing analyst earnings expectations. The wearable leader also gave a poor outlook for the current year, including first-quarter guidance well below Wall Street’s targets.
Hibbett’s Blows Past Guidance
Particularly benefitting from the quick ramp-up of e-commerce operations, Hibbett Sporting Goods reported preliminary fourth-quarter earnings that handily eclipsed Wall Street’s targets.
Gildan Q4 Saved By Printwear Strength, Looks To Merge Printwear/Branded Units
Gildan Activewear reported underlying earnings in the fourth quarter came in at the high end of guidance as robust Printwear sales helped offset rising input costs and weak socks sales in its Branded segment. The company also announced plans to consolidate the Printwear and Branded segments as part of a major realignment for 2018.
Aisle Talk, Week of February 19
Top headlines from the active lifestyle industry you may have missed this week.
The Fēnix Stars For Garmin
While the Fitness segment continued to struggle to overcome the maturity of the basic activity trackers space in Q4, Garmin’s Outdoor segment remainS on fire, led by the Fēnix line of adventure watches.
