Results for "M"

Shares of Nike Inc. are down about 12 percent in mid-day trading Friday after the company reported better-than-expected results for the first quarter ending August 31 on healthy demand but warned that gross margins would remain under pressure through the year as promotions would be required to clear bloated inventories. Inventories ended the quarter ahead 44 percent year over year, including 65 percent in North America, its largest market.

Thor Industries reported record fourth-quarter results, but warned that towable order activity had softened due to successful dealer restocking combined with lower consumer confidence and macroeconomic uncertainty.

VF Corp.’s management team forecasted healthy growth under its new five-year plan announced during Investor Day, its first since 2019. However, it slashed its outlook for the current fiscal year primarily due to continued underperformance by Vans and an expected greater promotional environment than anticipated in North America in the back half of 2022.

Gill Fishing, the manufacturer of foul weather and technical apparel for anglers, introduced its latest collection of breathable waterproof fabrics with XPEL technology blocking stains from contaminants found in the water.  “Unfortunately, many breathable jackets that claim to be waterproof eventually let water in, while the old-school rain slicks made of impermeable materials, which effectively […]