Garmin, Ltd. reported earnings and sales both topped Wall Street estimates in the fourth quarter ended December 25. Sales grew 3 percent in the quarter. Marine segment sales grew 14 percent while Fitness was flat and Outdoor sales decreased 8 percent.
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Wall Street Reacts: Under Armour Q421
Under Armour Inc. reported a fourth-quarter beat but a cautious outlook amid foreboding supply chain warnings caused the stock to slide. Analysts generally felt the stock’s pullback offers a more attractive entry point into a brand on the rebound although a few were seeking more visibility.
Crocs’ Sales Jump 42 Percent In Fourth Quarter
Crocs, Inc. reported earnings in the fourth quarter slightly more than doubled as sales grew 42 percent. For the year, earnings likewise more than doubled on a 63 percent revenue gain.
OR Show Boycott Talk—Shrewd Business Move Or Show Hypocrisy?
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?
XS Sights Appoints Marketing and Sales Engineer
XS Sights promoted longtime employee Monte Long to marketing and sales engineer.
Exhibitors Threaten To Boycott Outdoor Retailer Show If It Returns To Utah
A conservation group and two dozen outdoor recreation companies, including Patagonia, REI and The North Face, announced Monday that they would boycott the Outdoor Retailer trade show if it moved from Denver, CO back to Salt Lake City, UT. The group accused Utah’s leaders of trying to remove protections for national monuments and public lands.
NPD Report: Backcountry Equipment Sales Decline Against Tough Comparisons
Revenue from backcountry accessories, which includes skins, beacons, probes, and avalanche shovels, were down 14 percent during the season-to-date (August to December 2021) period after growing by 90 percent during the same period last year, according to The NPD Group.
SFIA’s Topline Report Finds Continued Pandemic Benefit To Activity Rates
SFIA’s Topline Report showed that America’s inactivity rate declined for the second year in a row, reaching its lowest levels in the organization’s annual survey. Pandemic-friendly activities, including tennis, golf, running, hiking, yoga, skateboarding, and surfing, continued in popularity while other categories, including team sports that declined in 2020, show signs of recovery.
Inside The Call: Coleman Drives Newell’s Outdoor & Recreation Growth In 2021
Newell Brands reported revenues at its Outdoor & Recreation segment rose 22.1 percent in the fourth quarter and 14.9 percent for the year. The gains were led by Coleman, Bubba and Contigo.
URBN Appoints New CEO Of Urban Outfitters Chain And Free People Group
Urban Outfitters, Inc. appointed Francis Pierrel as global chief executive officer of Urban Outfitters and the Free People Group. The company also reported fourth-quarter sales grew 14 percent.
Inside The Call: Supply Chain Caution Clouds Under Armour’s Q4 Beat
Under Armour’s earnings and sales topped Wall Street estimates in the fourth quarter as demand continues to improve, led by North America. However, officials warned on an analyst call that supply chain headwinds tied to the pandemic, including heightened freight costs and stalled deliveries, would weigh on further progress for the next several quarters. Shares of Under Armour were off about 10 percent in early afternoon trading.
Under Armour’s Q4 Tops Guidance, Warns Of Supply Chain Challenges
Under Armour Inc. reported fourth-quarter earnings and sales exceeded Wall Street targets. Sales guidance was also raised for the current quarter but margins are expected to be impacted by lingering supply chain constraints.
Inside The Call: Canada Goose Cuts Annual Forecast As Omicron-Related Curbs Weaken Traffic
Canada Goose delivered strong gains in earnings and sales in the fiscal third quarter ended January 2 but significantly reduced its top-line growth projections for the year. On a call with analysts, Dani Reiss, president and CEO, said new COVID outbreaks and related restrictions have impacted revenue growth and retail traffic starting the latter part of its third-quarter in both the APAC and EMEA regions.
Asics’ Revenues Climb 23 Percent In 2021
Asics reported that despite the effects of COVID-19, net sales increased 22.9 percent in its year ended December 31 due to strong sales in all regions, mainly driven by the Performance Running category and the Core Performance Sports category. The biggest regional gains were seen in North America, up 31.8 percent; and Greater China, 27.9 percent.
Body Glove Performer 11 Inflatable Paddle Board Offers Upgrades For 2022
Body Glove released its 2022 Performer 11 Inflatable Paddle Board with an enhanced design that features greater stability, convenient carry and lightweight durability. Body Glove first introduced the ISUP in 2016, featuring a touring design for all paddle levels. “We’re thrilled to continue innovating our best-selling Performer 11 to make paddlesports easier, more inclusive and […]
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