SGB Executive Sportsmans
EXEC: Thule’s Solid Q2 Hurt by FX Rate Impact, Iran War as Sales Inch Up 0.5 Percent
Net sales for the second quarter, the company’s lasrgest quarter for the year due to strength of the bike business, increased 0.5 percent on a reported basis to SEK 3,421 million ($365 mm), with organic sales increasing 2.5 percent year-over-year. Sport & Cargo Carriers accounted for 54 percent of total sales for the quarter.
EXEC: Frasers Group’s Sports Direct UK Segment Posts DD Profit Growth as Sales Decline
Frasers Group reported that profits at its UK Sports segment rose 17.6 percent in its fiscal year ended April 26 as higher gross margins tied to Sports Direct’s Elevation Strategy and reduced expenses offset sales declines due to store rationalization at its Game UK chain and restrained consumer spending. The retailer warned that consumer spending will likely remain challenging this year.
EXEC: Mips AB Organic Growth Accelerates in Q2, Posting 42 Percent Increase
The Bike sub-category continued to perform very well in Q2, and the quarter reportedly marked the eleventh consecutive quarter of growth, following the post-pandemic slowdown in the sector as a whole.
EXEC: Lowa Appoints General Manager Operations
Germany’s Lowa Sportschuhe GmbH appointed Giuseppe De Biasi as its new general manager of operations. Most recently, he was at Luxottica as general manager, retail Greater China.
EXEC: West Marine Cancels Bankruptcy Auction, Pursues Reorganization Plan
West Marine has cancelled an auction for the sale of its assets in bankruptcy proceedings due to a lack of qualified bids. The boating and fishing retailer now plans to move forward with its pre-arranged reorganization plan that calls for the closure of about a quarter of its locations and an exchange of debt for equity.
EXEC: Colt CZ Sells Stake in Hungary Subsidiary
Colt CZ Group SE agreed with N7 Defence Holding Zrt. (N7D) on the sale of its 51 percent stake in Colt CZ Hungary Zrt.
EXEC: American Outdoor Brands CEO Explains Sharp FY 2026 Net Sales Declines
AOB President and CEO Brian Murphy explained to analysts on a recent conference call that while reported net sales declined during fiscal 2026, certain events had a clear impact on the business and outlined the underlying results that were much more positive.
EXEC: Academy Returns to Positive Comps, Sees Gas Prices Restraining FY Spend
Academy Sports and Outdoors, Inc. slightly raised its FY outlook after reporting its first same-store gain in three quarters on strength in shooting and fishing categories, but CEO Steve Lawrence still cautioned that elevated gas prices will weigh on consumer spending for the year. Lawrence told analysts on a call, “Gas prices definitely are a headwind for the American consumer.”
EXEC: Sportsman’s Warehouse CEO Talks Q1 Category Details as Retailer Beats Estimates
Net sales for the first quarter were $256.1 million, a 2.8 percent increase versus the Q1 period last year. The increase was seen as a 1.2 percent beat against Wall Street’s 1.6 percent growth estimate. An Adjusted EPS loss of 39 cents per share was a 33 percent beat versus analyst estimates for a 58 cents Adjusted EPS loss.
EXEC: Sea-Doo and Ski-Doo Owner BRP Posts Double-Digit Q1 Revenue Growth
BRP’s North American retail sales were down 7 percent year-over-year for the first quarter. The decrease in retail sales was attributed mainly to lower Snowmobile industry volumes compared with a strong end-of-season last year.
EXEC: Dick’s SG Scores Stock Upgrade, Price Target Hikes Post-Earnings
The parent of Dick’s and Foot Locker secured a ratings upgrade from J.P. Morgan and saw several price-target hikes by other Wall Street firms after the retailer reported first-quarter results ahead of targets. The report left many analysts more convinced that Dick’s legacy business is retaining its momentum and that Foot Locker is on the path to recovery.
EXEC: Dick’s SG Sees Improved Top-Line Trends at Legacy DSG and FL; Guidance Disappoints
DKS shares on Wednesday fell $13.92, or nearly 6.0 percent, to close at $219.21 for the day. Shares are still comfortably up from $197.97 at the start of 2026. DKS shares were rebounding in low-singles in pre-market trading on Thursday morning, May 28.
EXEC: Colt CZ Sees U.S. Q1 Sales Slump 31 Percent
Colt CZ Group SE reported revenues in the first quarter ending March 31 in the U.S. fell 31.2 percent to CZK 1.65 billion ($79 mm). The decline reflected seasonality of orders in the military and law enforcement segment, a slight recovery of the commercial market, as well as a decline in revenues in the ammunition segment due to U.S. import tariffs and the subsequent shift of some deliveries to European markets.
EXEC: Czechoslovak Group’s CSG Ammo+ Segment Sees Q1 Decline
Czechoslovak Group reported sales in the CSG Ammo+ segment, which includes Vista’s Kinetic Group acquired in late 2024, fell 20.5 percent to €291 million ($338 mm) from €366 million a year ago. The decline was attributed to “challenging conditions” in the U.S. marketplace.
EXEC: West Marine Files for Bankruptcy, Store Closures Expected
The fishing and boating retailer filed for bankruptcy protection after years of mounting pressure from high leasing costs that executives said drained cash and blocked recovery efforts. Vendors caught up in the bankruptcy include Garmin, owed $8.57 million, and many others.
