SGB Executive Sportsmans
Aisle Talk Week Of December 3
Top headlines from the active lifestyle industry you may have missed this week, including big news from trade show owner Emerald Expositions, which canceled Interbike (pictured) for 2019 and also shortened Outdoor Retailer Summer Market and Winter Market from four days to three days.
Tariff War Far From Over
President Donald Trump and Chinese President Xi Jinping agreed Saturday to a temporary trade cease-fire to allow time for more negotiations but trade experts are doubtful that 90 days will be enough time to resolve the thorny and complicated issues that divide the two countries.
November M&A Roundup: Big Outdoor Deals Bookend Busy Month
Two large acquisitions in the outdoor space bookended November—Canada Goose bought Baffin to kick off the month and Callaway bought Jack Wolfskin to close it—while a flurry of M&A activity occurred in the days between.
Aisle Talk Week of November 26
Top headlines from the active lifestyle industry you may have missed this week, including analysis from The Running Event (TRE), which shows that the industry is flying high once again after a couple of years of declining sales in the run specialty channel.
Yeti ‘Wild’ On Growth Prospects
In its first earnings report since going public, Yeti Holdings Inc. reported third-quarter earnings that topped Wall Street’s consensus target by $3.00 a share and set long-term growth targets of 10 to 15 percent as it pursues new categories, new customer segments and new channels. But shares fell $3.09, or 16.1 percent, on Thursday apparently due to concerns over weakness in its Cooler/Equipment segment.
Dick’s Top-Line Struggles Continue
Dick’s Sporting Goods Inc. increased its 2018 earnings guidance for a third consecutive quarter as earnings easily beat Wall Street’s targets, thanks to stringent expense controls. Sales, however, came in lower than Wall Street’s targets due to the continued drag from hunt and activity trackers categories, weakness at Under Armour and flat footwear comps.
Sportsman’s Warehouse Shares Rise After Mixed Q3
Shares of Sportsman’s Warehouse Holdings Inc. were up 23 cents, or 4.9 percent, at market close Wednesday after the company posted mixed performance for the third quarter despite numerous headwinds, most notably weather-related.
Black Friday Weekend Momentum Portends Robust Holiday For Retail
Covering the revenue haul on Thanksgiving, Black Friday, Small Business Saturday on through to Cyber Monday, a number of favorable reports arrived proclaiming a healthy start to the 2018 holiday shopping season for retail. Although online appears to again be seeing over-sized gains with a boost from mobile purchases, brick & mortar traffic also appears to be recovering or at least stabilizing.
Aisle Talk Week of November 12
Top headlines from the active lifestyle industry you may have missed this week, including Tony Hawk announcing the launch of D/CAL, a hybrid brand consultancy and creative agency, with Adam Wilson, Jared Prindle and Ryan Maconochie.
Retail Reports Roundup
Retail studies arrived on increasing rates of discretionary spending online, online personalization disappointing consumers, disconnects around consumers pricing perceptions, unplanned absence creating selling floor shortages, and rewards members desire for cash.
Newell Brands’ Turnaround Plans Gaining Traction
Shares of Newell Brands Inc. rose 14.5 percent Friday after the consumer-goods conglomerate reported adjusted earnings in the third quarter exceeded expectations as its turnaround efforts made some progress. The full-year EPS outlook was lifted for the year. Coleman’s sales were impacted by lost distribution at a key U.S. retailer.
Aisle Talk Week of October 29
Top headlines from the active lifestyle industry you may have missed this week, including the outlook for U.S. apparel and footwear manufacturers being changed to positive from stable, according to Moody’s Investors. The agency cited the progress of companies like VF Corp. (pictured) in the report.
Vista Outdoor Shares Soar As Cost Savings Boost Earnings
Shares of Vista Outdoor Inc. rose $1.47, or 11.8 percent, at market close Thursday after the company’s earnings report revealed successful cost-cutting measures and highlighted both the recent divestiture of its eyewear brands and continued pursuit of shedding its firearms brands.
5.11 Shines For CODI In Q3 But Outlook Tempered As Investments Mount
Compass Diversified Holdings CEO Elias Sabo called tactical gear brand 5.11 a “significant driver” for CODI in the third quarter as 10.1 percent revenue growth surpassed the parent company’s expectations, but he also warned that heavy investments will take a toll on the brand’s earnings in the short term.
Winchester’s Profits Hurt By Higher Commodity Costs
Winchester’s EBDITA fell 30.9 percent in the third quarter ended September 30 as sales dropped 5.3 percent, according to the ammunition maker’s parent, Olin Corp. On a conference call with analysts, John Fischer, Olin’s CEO, said the company now expects overall 2018 commercial demand in the Winchester segment to decline by approximately 20 percent in 2018, which follows a 17 percent decline in commercial demand in 2017.
