SGB Executive Sportsmans
Outdoor & Recreation Drives Newell Brands’ Play Segment Growth In Q4
Newell Brands reported sales in its Play segment climbed 6.6 percent in the fourth quarter. Core sales grew 5.4 percent, reflecting strong growth on Coleman, Contigo, Marmot and Team Sports partially offset by declines on Fishing.
FGL Sports Q4 Boosted By Chilly Winter
FGL Sports marked a return to mid-single digit comp growth in the fourth quarter with the boost of chilly Winter. Canadian Tire Corp, its parent, also indicated it acquired Sher-Wood Athletics as part of an overall effort by the company to increase its number of owned brands and appointed TJ Flood as president, FGL Sports.
Under Armour’s Share Climb On Sales Beat, Signs Of Stability
While reporting a fourth-quarter loss and a significant expansion of its restructuring program, shares of Under Armour climbed $2.49, or 17.5 percent, on Tuesday to $16.72 as sales came in above guidance with the help of momentum internationally and the overall business showed some signs of stabilizing.
Remington Outdoor To Restructure Debt In Bankruptcy Court
The nation’s oldest gun maker has faced sliding sales over the last year due to the arrival of a Republican presidential administration. It has also been challenged by lawsuits and investor ire following the Sandy Hook Elementary School massacre.
Aisle Talk, Week of February 5
Top headlines from the active lifestyle industry you may have missed this week.
Columbia Q4 Boosted By Improving U.S. Business
President and CEO Tim Boyle said, “In the fourth quarter, the U.S. wholesale channel played a significant role contributing to our top line beat relative to our October outlook, aided by improved order conversion.”
Vista Outdoor’s Q3 Hamstrung By Weak Hunt Business
On a conference call with analysts, Christopher Metz, Vista Outdoor’s CEO since October, said the company made progress in the third quarter generating cash, reducing inventories and driving down costs, but continued weakness in its Shooting Sports continues to erode earnings.
Dick’s Seen Benefiting From Eagles Win And Bat Regulation Changes
J.P. Morgan reiterated its “Overweight” rating on Dick’s Sporting Goods as it expects a “near-term comp” benefit from the Philadelphia Eagle’s Super Bowl win and an equal benefit from new Little League bat regulation.
Winchester’s Q4 Profits Tumble On Pricing Pressures
Said John Fischer, Olin’s chairman, president and CEO, on a conference call with analysts, “We’re currently cautious about our Winchester forecast due to the high commodity and other material costs and the pricing environment.”
Johnson Outdoors Buoyed By Strength In Fishing And Diving
On a conference call with analysts, Helen Johnson-Leipold, CEO, said both its Fishing and Diving segment are benefitting from successful innovations. The Camping and Watercraft Recreation segment “continue to be very challenging” and are being impacted by constrained inventories in the marketplace.
Aisle Talk, Week of January 29
Top headlines from the active lifestyle industry you may have missed this week.
Academy Sports Faces Layoffs Again
Following a round of layoffs last summer, Academy Sports + Outdoors said it will be laying off approximately 140 corporate employees largely due to the outsourcing of certain IT functions at the retailer.
Aisle Talk, Week of January 22
Top headlines from the active lifestyle industry you may have missed this week.
Susquehanna Upgrades Dick’s SG To Positive On Weather Benefit
Believing the retailer’s fourth-quarter results should surprise on the upside given management’s conservative guidance and the benefits of cold weather, Susquehanna Financial Group raised its rating on Dick’s Sporting Goods to “Positive” from “Neutral.”
Amazon Already Dominant Website For Buying Apparel
Amazon, which has ramped up its investments in the apparel space in only the last few years, appears to have quickly become the leading place consumers buy apparel online, according to a new survey from CPC Strategy.
