SGB Outdoor

Tractor Supply Lowers Guidance On Below-Plan Q3 Revenues

Tractor Supply Company reported earnings improved 8.9 percent in the third quarter but sales came in softer than expected and the rural lifestyle retailer slightly lowered its outlook for the year. Same-store sales were off 0.4 percent due to declines in demand for seasonal goods and big-ticket items.

Solo Brands CFO To Leave in December

Solo Brands announced that Somer Webb, its CFO, has notified the company of her intent to pursue other opportunities. She will remain with the company until December 10. The company also reaffirmed its guidance for fiscal year 2023.

Circana Delivers Muted Holiday Retail Outlook

Holiday spending is expected to come close to last year’s results but could fall short by as much as 2.5 percent during the traditional November and December shopping season, according to Circana’s annual Holiday Purchase Intentions study. The outlook was slightly improved when holiday sales falling in October are included.

Report: VF Corp. Faces Second Activist Investor Threat

VF Corp.’s shares were up about 3 percent in late-afternoon trading on a Bloomberg report that activist investor Legion Partners Asset Management is targeting the company. Legion’s push would follow a move by activist investor Engaged Capital to acquire a stake in VF and call for cost cuts and board changes.

Shimano’s YTD Sales Tumble 20 Percent on Cycling Weakness 

Shimano, Inc.’s sales tumbled 19.8 percent in the nine months as sales in its Bicycle Components segment dropped 24.8 percent with the decline tied to high inventories in the IBD channel. The Japanese-based company nonetheless slightly raised its outlook for the year as orders in the back half weren’t as soft as expected.

REI To Open Eighth Store In Florida

REI Co-op announced plans to open another new store in Florida on November 10 in Sarasota at University Town Center. The 25,000-square-foot space is the co-op’s eighth store in the state.