Results for "dick's sporting goods"

Citing high inventories, lower traffic and early promotions, Stifel on Wednesday reduced operating earnings estimates and price targets on nearly all companies under its coverage in the active lifestyle space while downgrading Wolverine World Wide and Allbirds.

McKinsey teamed up once again with the World Federation of the Sporting Goods Industry (WFSGI) to update the sporting goods industry on new challenges facing the business from inflation and an emerging economic downturn, adding to existing pressures on input costs and supply chains.

“Our mission is connecting family and friends, creating memorable moments and playing life to the fullest,” Walter Glazer, CEO of Escalade said on the sporting goods company’s first-ever quarterly conference call. Sales in the first quarter ended March 21 climbed 22.3 percent year over year and 94.1 percent against the 2020 first quarter.

Powered by a seasonally-strong performance by its flagship fire pit brand, Solo Stove, Solo Brands reported sales in the fourth quarter ended December 31 surged 164 percent to $176.5 million. The company is seeing a slowdown in the first quarter but remains bullish on robust growth for 2022.

On Holdings circumvented supply chain challenges to deliver fourth-quarter results that easily surpassed Wall Street targets. The Swiss running brand also lifted its outlook for 2022, projecting sales to expand at least 37 percent on top of 2021’s 70.4 percent gain.

Speaking at the BofA Securities Consumer and Retail Technology Conference, officials at Dick’s took a deep dive into the wide-scale benefits stemming from its transformation efforts that started in 2016 and the re-baselining of its business due to the pandemic. Dick’s also expressed little concern about losing Nike allocations as the brand has aggressively shifted to DTC.

Dick’s Sporting Goods delivered its seventh consecutive quarter that saw earnings and sales surpass Wall Street expectations to power two straight record years in 2020 and 2021. With the performance over the pandemic, the U.S.’s largest sporting goods chain said the company’s fiscal 2022 outlook provides a “new foundation” upon which it plans to build in the years ahead.

Do as I say, not as I do. Is the announcement this week about retailers and brands threatening to boycott the Outdoor Retailer Show if it returns to Salt Lake City a good business move or just hypocritical PR hype?

On Glassdoor’s 2022 Top 100 Best Places To Work in the U.S., Lululemon ranked number nine among the Top 25 employers. Other retailers in the Active Lifestye space to make this year’s Top 100 list included Vans at number 85, Scheels, #90 and REI at #95. 

At an investor meeting hosted by Craig-Hallum, Jon Barker, CEO of Sportsman’s Warehouse, reasserted his bullish outlook on the retailer’s ability to reach more than 300 stores on its own following the termination of its merger with Bass Pro. Larger competitor moves to reduce their emphasis on shooting sports and pent-up demand from shooting sports due to low inventory levels of ammunition inventory are seen as newer growth drivers.

At the 2022 ICR Conference, John Merris, CEO, Solo Brands, provided a deep dive into the company’s direct-to-consumer model as it seeks to become the outdoors’ “digitally-native direct-to-consumer lifestyle disruptor.”

As the year comes to a close, SGB Media remembers the leaders in the Active Lifestyle Industry we lost in 2021.