Merrell Shines For Wolverine World Wide In Q2
High-teen sales growth from footwear brand Merrell was the clear standout found in Wolverine World Wide Inc.’s solid second quarter ended June 30. Merrell, which Wolverine has owned since 1997, was the first beneficiary of the parent company’s “global growth agenda.”
Zumiez Raises Q2 Guidance On Strong July Sales
Zumiez Inc. announced that total net sales for the four-week period ended August 4 increased 23 percent to $83 million, compared to $67.5 million for the four-week period ended July 29, 2017.
Starter And Umbro Bright Spots In Ugly Iconix Q2
Iconix Brand Group Inc. cited successful initiatives supporting the relaunches of Starter and Umbro as highlights in what was otherwise another tough quarter for the company.
Sequential Brands Group Hits Q2 Income Target, Beats On Revenue
Sequential Brands Group Inc. reported net income for the second quarter ended June 30 of $7.2 million, or 11 cents per diluted share. Under the company’s previous ASC 605 revenue reporting standard, however, non-GAAP net income for the second quarter 2018 would have been $7.8 million or 12 cents per diluted share, flat compared to second quarter 2017 but hitting the Wall Street target.
Iconix Posts Steep Loss On Mossimo Charge
Iconix Brand Group Inc. reported a loss of $79.4 million in the second quarter after absorbing a write-down for the Mossimo trademark.The company said second quarter results excluding the charge were in line with company’s expectations, although the company now expects earnings to arrive at the lower end of previous guidance.
Wolverine Again Lifts Guidance As Turnaround Gains Momentum
Wolverine World Wide reported second-quarter earning came in well ahead of Wall Street’s targets, helped by healthy growth for Merrell and Sperry and margin gains across brands. The company raised guidance for the year.
Tennis Industry Association Opposes New Tariffs On Imported Goods
The Tennis Industry Association is opposing proposed tariffs on products that are of specific concern to the tennis and racquet sports industry.
Crocs Shares Slide Amid CFO Departure
Crocs Inc.’s otherwise solid second-quarter earnings report was dampened by the announcement that CFO Carrie Teffner will resign next April. The news broke before the market opened Tuesday, and while trading was up early in the day, shares of the Niwot, CO-based footwear maker had dipped nearly 3 percent at market close.
Boot Barn Posts Double-Digit Income, Revenue Growth In Q2
Boot Barn Holdings Inc. reported income for the second quarter ended June 30 of $6.8 million, or 24 cents per diluted share, compared to net income of $0.8 million, or 3 cents per diluted share in the prior-year period.
Bogs Resumes Growth For Weyco
Weyco Group reported earnings rose 29 percent in the second quarter due to tax benefits. Sales grew 6 percent with Bogs gaining 4 percent.
Active Ride Shop Giving Away $100,000 To Local High Schools
Active Ride Shop announced a commitment of $100,000 cash to Southern California high schools to help support school athletics.
Camping World’s Q2 Revenues Expand 13 Percent
Camping World reported sales grew 13.0 percent in the second quarter, helped by the launch of Gander RV Sales. Net earning declined in the period due to pre-opening expenses related to the Gander Outdoors store openings but adjusted pro forma net income increased 10.6 percent.
Crocs Q2 Exceeds Expectations, CFO To Resign
Crocs Inc. reported earnings jumped 68.0 percent in the second quarter on a 4.7 percent revenue gain, exceeding Wall Street’s targets. The footwear maker also announced that its Chief Financial Officer Carrie Teffner will resign next year.
Asics Shows Steep Q2 Loss In Americas
Asics Corp. showed an operating loss of ¥1 billion ($8.98 mm) in the American region in the second quarter ended June 30 as sales tumbled 17.7 percent in period.
Under Armour Returns As Austin Marathon Sponsor
High Five Events announced Under Armour Inc. has returned as the presenting sponsor of the Austin Marathon.
