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.
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Skechers Delivers Broad-Based Growth In Q4
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.
Vista Outdoor Shares Climb After Company Hits Key Milestone
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.
Aisle Talk Week Of February 3
Top headlines from across the active lifestyle industry featured in SGB during the week of February 3, 2020.
Columbia Sportswear’s Q4 Impacted By Promotional Climate
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.”
Adidas Closes Numerous Stores In China
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.
2020 Outdoor + Snow Show Recap
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.
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