SGB Outdoor

SGB Update

Vail Resorts Posts Wider Fiscal Q1 Loss on Australian Weather Woes, N.A. Expenses

Mountain segment net revenue decreased 14.5 percent to $172.5 million for the first quarter, said to be primarily driven by the company’s Australian ski areas, which experienced weather-related challenges that impacted terrain in the current year, compared to record visitation and favorable snow conditions in the prior year.

Tanger Acquires First Open-Air Lifestyle Center

Tanger acquired Bridge Street Town Centre in Huntsville, AL for $193.5 million using cash on hand and available liquidity. Management expects the center to deliver a first-year return in the mid-eight percent range, with potential for additional growth over time.

SGB Executive

EXEC: Lululemon Sees Tepid Holiday Guidance Overshadow Blowout Third Quarter

Lululemon Athletica, Inc. lifted its overall full-year outlook after earnings and sales in the third quarter ended October 29 topped guidance for the third straight quarter but also forecast fourth-quarter guidance that came in lighter than expected in an apparent sign to investors of a potential sales slowdown.

EXEC: Sports Direct Gets Fiscal H1 Boost from New Brands

Frasers Group reported retail revenue increased 4.0 percent in the first half ended October 29 to £2.69 billion ($3.4 bn), helped by a “strong underlying performance” from Sports Direct due in part to the addition of new brands, including On Running, The North Face, Columbia Sportswear and Salomon.