Newell Brands To Divest Pure Fishing
Newell Brands announced the expansion of its Accelerated Transformation Plan, adding Jostens and Pure Fishing to the list of potential divestitures previously announced.
Dorel Sports’ Revenues Slide In Q1
Dorel Industries reported revenues its Dorel Sports segment declined 3.5 percent. Excluding the impact of foreign exchange rates, organic revenue decreased by approximately 6.2 percent.
Johnson Outdoors Q2 Earnings Jump 55 Percent
Johnson Outdoors Inc. reported double-digit increases in sales and earnings driving record-high results during the company’s 2018 second fiscal quarter and first fiscal six months ending March 30, 2018.
VF’s March Quarter Highlighted By Vans’ Explosive Growth
VF reported earnings for the transition quarter ended March 31 rose 20.9 percent on a 21.7 percent revenue gain. Excluding the Williamson-Dickie acquisition, revenues increased 12 percent (up 8 percent currency neutral).
REI To Donate Up To $1 Million To National Forest Foundation
As part of a multi-year partnership with the National Forest Foundation (NFF), REI will donate up to $1 million to the nonprofit in 2018. Funds will support 11 projects that steward the country’s National Forests and Grasslands and restore access in areas damaged by natural disasters like wildfires and hurricanes.
GoPro Beats Q1 Earnings, Revenue Estimates
GoPro reported a loss of $76.3 million, or 55 cents a share, in the first quarter, but after adjustments, a loss of 34 cents per share beat Wall Street estimates of a loss of 36 cents per share. The company’s Q1 sales of $202.3 million beat the expected $182.2 million.
Academy Sports To Open Two New Locations In NC
Academy Ltd., dba Academy Sports + Outdoors, will open the company’s first stores in Matthews, NC and Winston-Salem, NC, this summer. The company recently opened the first store in New Bern, NC, last month.
Fitness And Outdoor Drive Garmin’s Q1 Growth
Powered by robust gains in its Outdoor, Fitness and Aviation segments, Garmin Inc. reported sales climbed 10.8 percent in the first quarter.
The Fēnix drove Outdoor and the new Forerunner launch helped lift Fitness.
Gander Outdoors Opens Four More Locations
Gander Outdoors, formerly known as Gander Mountain, set grand opening celebrations for new stores in Bemidji, MN; Florence, AL; Kingston, NY and Sheboygan, WI.
Oboz Hires Marketing Manager
Oboz Footwear’s marketing team has grown with the addition of Judd Salvas in the newly created position of marketing manager.
April M&A Roundup: What’s In Store For Volcom?
April was relatively quiet with fewer notable deals in the sporting goods, outdoor and lifestyle brand verticals, but some large companies such as Columbia and Nike acquired growth while some brands such as Volcom were put on the market.
Big 5 Wacked By Weather Woes In Q1
Big 5 Sporting Goods reported that a lack of cold weather crushed its winter business early in the first quarter while the arrival of chilly weather restrained its spring business later in the quarter.
Garmin Sees Double-Digit Earnings Growth In Q3
Garmin Ltd. reported operating earnings rose 21.5 percent in the first quarter. Sales climbed 10.8 percent, led by gains of 24 percent in the company’s Outdoor segment, 20 percent in Fitness and 19 percent in Aviation.
Outdoor & Sports Company Bolsters Sales Team
Outdoor & Sports Company Inc., subsidiary of Mountain Equipment, Bridgedale and Hilly products, announced that the company has added two new sales agents to their team.
Starboard Releases Presentation On Newell
Starboard Value LP, which owns approximately 3.8 percent of Newell Brands, announced that the company has released a detailed presentation outlining the opportunity to create meaningful value at Newell.
