SGB Executive Sports & Fitness
Active Brands See Solid Growth For Sequential Brands In Q1
AND1, Avia, Heelys and Gaiam all saw progress in the first quarter for Sequential Brands Group.
Gildan Sees Record First Quarter
“Despite an environment where we continue to see mixed market conditions, including the impact of store closings, we believe our performance during the first quarter positions us well to deliver on our previous guidance for the full year,” EVP and CFO Rhodri J. Harries said during a conference call.
Fox Factory Rolls Through Q1 Ahead Of Expectations
“Our product innovation has helped drive the success of product line-ups across bike and powered vehicles,” said CEO Larry Enterline in a conference call. “We continue to believe the diversification of our product offerings and end markets have helped to consistently set us apart in the industry and continue to position as well for future growth.”
Fitbit Readies Smartwatch Launch
Said James Park, CEO, “By entering the smart watch category, we believe we can not only address growing segment, but a larger total addressable markets.”
Garmin Able To Offset Weakness In Activity Trackers In Q1
Healthy double-digit growth its outdoor, marine and aviation segments helped offset slowing sales in its fitness and automobile to help Garmin Ltd. exceed Wall Street’s targets in the first quarter. Garmin also indicated its advanced wearables with GPS capability continued to perform well.
Nautilus Sees Second-Half Comeback For Retail
The second half is expected to be boosted by improved inventory positions across retail, a number of launches, and the expansion of its Bowflex Max Trainer M3 program with Dick’s Sporting Goods.
Hanesbrands Laying Off 220 Amid New Growth Initiative
Champion sales in the U.S. were up double-digits “as we continued to benefit from our refreshed product offering and increased space within the mass channel,” said Rick Moss, CFO.
Big 5 Crushes Q1 Guidance
Said Steven Miller, chairman, CEO and president, on a conference call with analysts. “Our strong results reflect our team’s continued effort to expand our market share gain following the competitive store closures that occurred in our sector last year and capitalized on the favorable weather conditions in our market during the first quarter.”
GoPro Sees Shipments Shortfall In Q1
For the first time in several quarters, GoPro avoided a huge surprise disappointment for the investment community. The company reported a narrower than expected first quarter loss, double-digit top-line growth in the period, and provided second-quarter guidance that was better than Wall Street expected.
Aisle Talk, Week Of April 24
Top headlines from the active lifestyle industry you may have missed this week.
VF’s Q1 Boosted By Momentum Behind North Face And Vans
The North Face increased 4 percent in the Americas region, driven by low-teen growth in D2C that offset a low-single-digit decrease in wholesale due to doors lost to bankruptcies. Vans was up 6 percent in the Americas, while Timberland’s sales in the region were down 7 percent as the brand works to reduce its reliance on Classics.
Columbia Sportswear Trims Sales Guidance On Retail’s Closures
“The slight reduction in top-line expectations primarily reflects the incremental bankruptcies, liquidations and store closures that we’ve become aware of, as well as a more cautious posture adopted by our U.S. wholesale customers since February,” said CEO Tim Boyle on a conference call with analysts.
Brunswick’s Fitness Segment Profits Decline In Q1
Sales in the U.S. were down, excluding the impact of acquisitions, reflecting anticipated declines in Cybex revenues, while overall commercial fitness revenue trends were stable.
Hydro Flask’s Growth Momentum Continues In Q1
Julien Mininberg, CEO of Helen of Troy, on a conference call with analysts said Hydro Flask’s growth is being fueled by strong demand for the overall water bottle category, new products, more balanced distribution and strong online sales.
Under Armour’s Shares Jump As Q1 Loss Less Than Feared
Shares of Under Armour rose $1.68, or 9.3 percent to $19.82 on Wednesday after the company posted a loss that was lower than Wall Street expected. Officials kept its guidance for the year but indicated that its category management initiatives are making progress.
