Results for "coronavirus"

Goal Zero is one company that has seen a surge in demand for its products amid the coronavirus pandemic. SGB Executive looks at the drivers behind these the portable power brand’s soaring sales and the supply chain challenges it’s overcoming.

Under Armour was downgraded by both Stifel and Goldman Sachs due to disruptions caused by the coronavirus pandemic. Stifel cut its price target to $11 from $16 while Goldman’s target was slashed to $9 from $21.

For this latest installment of the Coronavirus Notebook, SGB Executive looks at the myriad contributions from brands across the active-lifestyle marketplace in response to the COVID-19 pandemic, including pivoting production lines to make personal protective equipment, providing gear for first responders and making cash donations.

On his company’s fourth-quarter conference call, Calvin McDonald, CEO, noted that the “underlying health of our business is strong” as he outlined five levers that will help the chain successfully manage the disruption caused by the COVID-19 pandemic.

Four days after its second annual RIA Kick Show was canceled, the Running Industry Association (RIA) has come out with a COVID-19 prep guide for the run specialty community to basically survive the coronavirus. And Terry Schalow, executive director of the RIA, said the organization has much more coming as the close-knit run specialty community has quickly come together.

Winnebago Industries Inc. began its fiscal third quarter on March 1 with high hopes and enough momentum to fuel a fleet of motorhomes. But like it has for many companies, the coronavirus knocked Winnebago off course. On the fiscal Q2 earnings call with analysts, CEO Mike Happe explained the difficult decision to shutter operations just as spring and the prime RV season kicks off.

Canada Goose announced the company will leverage its manufacturing facilities to begin production of necessary medical gear for frontline health care workers and patients across Canada in the fight against the coronavirus.

Nike Inc. didn’t escape the fiscal third quarter entirely unscathed, and headwinds remain globally in Q4 and beyond, but the company managed to evade a revenue and earnings plunge thanks to the “playbook” it deployed as the coronavirus spread across China in recent months.

Nike Inc. said a 36 percent hike in global digital growth drove sales and earnings ahead of expectations in the third quarter ended February 28 and helped the brand recapture lost sales due to store closures in China after the coronavirus outbreak. Digital sales grew in excess of 30 percent in all geographies for the Nike Brand as well as for Converse in the quarter.  

Fallout from the coronavirus pandemic continues to rankle the active-lifestyle marketplace. Most retailers have temporarily closed their doors. Sports leagues show no signs of resuming play. And now the Summer Olympics has been postponed until 2021. The ripple effect of the coronavirus (COVID-19) is reaching new pockets of the U.S. economy and will linger for months to come.

Mergers and acquisitions are slowing to a crawl due to the coronavirus outbreak, but buyers and sellers can use this time to prepare for the surge of activity that’s sure to occur once business normalcy returns. SGB Executive examines the current M&A landscape and offers tips for navigating either side of the deal.

Winnebago Industries Inc. on Monday announced it will be temporarily suspending most production activities at the company’s Winnebago, Grand Design RV, Newmar and Chris-Craft facilities in response to the national spread of the coronavirus.