Results for ""eric smith""

Utah’s outdoor industry enters 2020 on a roll. Not only did the state land the headquarters of newcomer brands Jack Wolfskin and Ventum, but it’s also seeing investments from stalwarts like Amer, Black Diamond and Gregory, and this summer it welcomes a new outdoor hardgoods trade show—all despite a recent high-profile setback for the state. What’s driving the turnaround?

The decision to cancel Outdoor Retailer Winter Market last November and consolidate it with January’s Outdoor + Snow Show—thereby reducing the annual OR show cycle to two—cost parent company Emerald Expositions Events Inc. $5.5 million in the fourth quarter, the company said this week.

In 2019 and particularly Q4, Thule Group AB notched enough revenue growth elsewhere in the world to overcome what CEO Magnus Welander called a “challenged” U.S. market. But with low-margin OE contracts now phased out and a competitor no longer discounting a particular jogging stroller, Thule has brighter days ahead here for 2020.

Like any manufacturer with suppliers in China, Callaway Golf Co. is reeling from the coronavirus. The company lowered its outlook for 2020 because the coronavirus should have a negative impact of $25 million on sales into China and $13 million on EBITDA for the year, company officials told analysts on Monday afternoon’s earnings call.

On Canada Goose Holdings Inc.’s fiscal third-quarter earnings call, CEO Dani Reiss addressed the disruption that the coronavirus is having on supply chain, sourcing and sales in China. The near-term impact resulted in reduced guidance for the current fiscal quarter and year, but company leaders and analysts believe Canada Goose is positioned to weather the storm.

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.

Peloton Interactive Inc. continues to measure success a little differently than most companies beholden to shareholders. Although the company widened its loss in Q2, profitability is a journey for Peloton, which estimates that the company will hit the coveted aspiration of being “adjusted-EBITDA profitable by 2023,” said CFO Jill Woodworth.

The active lifestyle marketplace began 2020 with a high volume of M&A transactions, but the most notable story didn’t involve a done deal—just one of the highest-profile companies in the industry announcing plans to rightsize its portfolio and potentially target new assets. The January M&A Roundup examines VF’s latest move and asks what’s next?

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.

Bollé Brands, the Lyon, France-based parent of such brands as Bollé and Spy Optic, on Wednesday announced a new corporate headquarters for its U.S. operation and a heightened focus on the North American market. The company’s global and U.S. marketing leaders spoke exclusively with SGB Executive about the changes.

Royal Robbins is taking its apparel and accessories directly to consumers through an ambitious and adventurous brick & mortar initiative that kicks off in two strategic U.S. locales—Denver and Seattle—the company’s CEO Michael Millenacker told SGB Executive this week. He breaks down the decision behind the retail gambit.

As the outdoor industry descends on Denver this week for Outdoor Retailer’s newly fashioned Outdoor + Snow Show, the vibe inside Colorado Convention Center will be instantly recognizable. Despite the familiarity, however, change is in the air. SGB Executive previews this year’s show and also touches on the backdrop of a changing trade show landscape.

Emily Newman was named executive director of Camber Outdoors last September, bringing stability to an organization that had endured a tumultuous and transitional 2019. As 2020 kicks off and with Camber’s controversy behind it, Newman is determined to help the organization find a new path forward. She spoke with SGB Executive about that plan.

Plenty is happening these days at VF Corp., which reported fiscal third-quarter earnings Thursday. SGB Executive highlights five takeaways from VF leadership’s comments on the earnings call, including the prioritization of M&A, the progress at Vans and what’s happening with The North Face’s latest fabric innovation.

VF Corp. on Thursday slightly lowered its guidance after missing revenue expectations, but perhaps even more significant was the announcement earlier this week that the apparel and outdoor giant was strategically reviewing the so-called “occupational brands” of its work division.