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Columbia Sportswear Sailing Into 2019 With Broad-Based Momentum

February 8, 2019 SGB Executive

Growth in all channels, all geographies and all brands but one lifted Columbia Sportswear Co. to record revenue for both the fourth quarter and 2018, and the company believes it is riding that momentum to another stellar year. “2018 was a tremendous year for Columbia Sportswear and I’m thrilled to see it end on a high note … ,” said Tim Boyle, Columbia Sportswear’s president and CEO.

Vista Outdoor Cuts Guidance Amid Continued Headwinds

February 7, 2019 SGB Executive

Shares of Vista Outdoor fell $1.58, or 15 percent, to $8.99 on Thursday after the company earlier in the day cut guidance on its third-quarter report of a 20 percent revenue decrease and a $514.6 million loss on a goodwill write-down. The company reported sales of $468 million, shy of Wall Street’s consensus target of $505 million.

Callaway Golf Teeing Up Jack Wolfskin Strategy

February 7, 2019 SGB Executive

Solid performance across Callaway Golf Co.’s core golf business led to impressive revenue growth in 2018, and now the company is banking on a new division—Jack Wolfskin, which Callaway just acquired—to become an integral asset. For the full year of 2018, Callaway’s net sales increased $194 million, or 19 percent, to $1.2 billion, reflecting increases in each of the company’s operating segments and in each reporting region.

Johnson Outdoors’ Shares Rebound Day After Q1 Miss

February 5, 2019 SGB Executive

Shares of Johnson Outdoors climbed $1.75, or 3 percent, to $61.02 at market close Tuesday despite its previous day report of a first-quarter earnings and revenue miss. The company’s shares had slid after Monday it reported revenue dropped 10.4 percent to $104.4 million in the first quarter ended December 28, missing analysts’ estimates by $12.4 million. EPS of 35 cents missed expectations by 4 cents.

5 Takeaways From Outdoor Retailer Snow Show

February 4, 2019 SGB Executive

Bolstered by great snowfall across much of the country and upbeat sales numbers across most product categories, the snow sports industry seemed especially buoyant at last week’s Outdoor Retailer Snow Show in Denver, CO, the second since OR bought the event from Snowsports Industries America in 2017. Here are five business takeaways from the show.

Shared Stoke: Plentiful Snow Equals Strong Sales

January 28, 2019 SGB Executive

Thanks to good snow in most U.S. regions, the industry is heading into this week’s Outdoor Retailer Snow Show with plenty of momentum as sales of most snow sports categories are up compared to last season, according to SSI Data’s most recent trend report.

Ted Ligety, Carlo Salmini Discuss Shred.’s New Path

January 24, 2019 SGB Executive

Olympian Ted Ligety and Carlo Salmini, the duo who founded helmet and goggle brand Shred. in 2006, spoke with SGB this week about the Park City, UT-based company’s refresh that includes an updated logo and sharpened focus on customer centricity yet remains true to its roots. Here’s what they told us about the new leg of the company’s journey.

SGB Executive Q&A: NASGW Board Chair & Lipsey’s CEO Laurie Aronson

January 22, 2019 SGB Executive

Laurie Aronson, president and CEO of Baton Rouge, LA-based wholesale firearms distributor Lipsey’s LLC, on January 1 became the first female board chair of the National Association of Sporting Goods Wholesalers (NASGW). She spoke with SGB about what that honor means and her goals for the trade association during the next two years.

Crocs Pivots To Growth Mode After Successful Repositioning

January 16, 2019 SGB Executive

The transformation that Crocs Inc. began a few years ago has included everything from shuttering stores to adjusting its channel strategy to closing its company-owned manufacturing facilities. Those efforts to slash costs have paid off for the Niwot, CO-based footwear maker. After shedding $80 million in SG&A expenses in that timeframe, the company can now focus on the next leg of its journey—growth.

Yeti Executives Unpack Ambitious Growth Strategies

January 15, 2019 SGB Executive

The ambitious financial goals that Yeti Holdings Inc.’s top executives laid out at the ICR Conference in Orlando, FL, center on four growth strategies plus a key supply chain move that will have the company no longer manufacturing in China by the end of the year. President and CEO Matt Reintjes and CFO Paul Carbone on Monday outlined the company’s plans for 2019 in a fireside chat hosted by Baird analyst Peter Benedict.

Fewer Destination Guests, Other Headwinds Taking Toll On Vail Resorts

January 14, 2019 SGB Executive

Good snowfall to start the 2018/19 ski season was a boon for many resorts across the U.S., with plentiful powder and the opening of terrain and lifts often not accessible until January stoking hopes of an epic performance for the industry. All of which made last week’s news from Broomfield, CO-based Vail Resorts Inc. that much more surprising.

SGB Industry Outlook 2019, Part 1

January 9, 2019 SGB Executive

Over the past week, dozens of executives across the active lifestyle industry shared their outlook for 2019 with SGB. We reached out to large, medium and small brands and retailers in sporting goods, footwear, apparel, outdoors and tactical with two simple questions that were fairly open-ended: What gives you optimism and what causes concern in the coming year? This is the first of a two-part series that gauges what the industry’s key players think will or won’t happen in 2019.

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