Despite the widely-reported favorable skiing and riding, and robust economic indicators, aggregated data from 18 western mountain communities is showing that lodging occupancy is actually slipping in year-over-year comparisons, according to the most recent Market Briefing released by DestiMetrics from Inntopia. (Read More)
Newell Brands said its Outdoor & Recreation segment, which includes Coleman, Contigo and Marmot, again saw declines in the fourth quarter with another challenging year for growth expected for 2020. (Read More)
NBA Commissioner Adam Silver said on Saturday that the league will likely lose “hundreds of millions of dollars” in lost sponsorships and broadcast revenue from its standoff with the Chinese government after an executive last year tweeted his support for Hong Kong’s protesters. (Read More)
Caleres inc. reported consolidated net sales are expected to reach approximately $700 million in the fourth quarter, down 3 percent. Famous Footwear net sales are expected to be approximately $370 million, with same-store sales up 5.1 percent (Read More)
Top headlines from across the active lifestyle industry featured in SGB during the week of February 10, 2020. (Read More)
Yeti Holdings Inc. reported adjusted net income rose 31 percent in the fourth quarter on a 23 percent revenue gain while predicting another year of healthy double-digit growth for 2020. Matt Reintjes, CEO, told analysts, “Customers continue to embrace the Yeti brand and our innovation.” (Read More)
Earnings estimates on Under Armour were slashed by Wall Street in line with management's guidance with many analysts significantly reducing their outlook for 2021 as well. To many analysts, Under Armour's fourth-quarter underperformance and the dim outlook underscores the brand's challenges reviving growth against formidable competitors in North America although a few remain confident the turnaround is only delayed. (Read More)
Shares of Under Armour Inc. were trading down about 17 percent in mid-day trading Tuesday after the company guided its 2020 outlook well below Wall Street targets with no recovery now expected for North America. UA officials also said it was considering additional restructuring activities that would include abandoning its Fifth Avenue flagship in New York City. (Read More)
Under Armour Inc. reported an unexpected fourth-quarter loss and missed Wall Street estimates for its revenues. The company also warned of soft 2020 results and said it’s considering another massive restructuring initiative to rebalance its cost base. (Read More)
Callaway Golf Co. on Monday reported adjusted earnings per share loss for the fiscal fourth quarter of (26) cents, missing Wall Street’s targets by 3 cents. Q4 revenue $312 million, a new record for the company, reflects the acquisition of Jack Wolfskin in January 2019, which contributed $81 million in net sales during the period. (Read More)
Skechers USA reported sales topped and earnings arrived at the high-end of aggressive guidance in the fourth quarter. The company’s domestic wholesale business marked a return to double-digit growth while international momentum showed little signs of slowing down despite headwinds from the coronavirus outbreak in China. (Read More)
Shares of Vista Outdoor Inc. jumped 11.7 percent Thursday following the company’s upbeat earnings report that included its first quarter of positive organic revenue growth since extensive transformation efforts began in 2018. Though the company’s stock dipped Friday morning, the accomplishments of the previous quarter provided a much-welcomed boost for the Anoka, MN-based company. (Read More)
Top headlines from across the active lifestyle industry featured in SGB during the week of February 3, 2020. (Read More)
Columbia Sportswear reported net earnings dipped 2 percent in the fourth quarter against adjusted year-ago results but still exceeded Wall Street's consensus target. Revenues expanded 4 percent. Tim Boyle, CEO, said in a statement, "A challenging retail environment, particularly in outerwear, impacted sell-through performance and led to higher levels of promotional activity." (Read More)
Adidas said it was closing a “considerable” number of its stores in China due to concerns over the coronavirus outbreak, according to a report from Reuters. (Read More)
Growing concern over the coronavirus, sharpened focus on participation and climate, and restored faith in the outdoor trade show lineup were among SGB Executive’s top takeaways from last week’s Outdoor + Snow Show in Denver, CO. Here’s what emerged from three days of walking the show and talking with dozens of industry stakeholders. (Read More)