Results for "amer"

Skechers USA Inc. saw both sales and earnings easily surpass Wall Street targets as the company was able to navigate supply chain congestion to meet robust demand for its comfort footwear. On an analyst call, David Weinberg, COO, said the supply chain situation finally appears to be improving.

Columbia Sportswear exceeded its own fourth-quarter outlook, primarily driven by its direct-to-consumer (DTC) brick & mortar and e-commerce businesses even as wholesale shipments fell short of expectations. Fourth-quarter EPS of $2.39 per share came in well ahead of Wall Street’s consensus estimate of $1.79 and sales for the quarter beat Wall Street’s consensus estimate of $1.07 billion.

Hanesbrands Inc. lifted its sales targets for Champion, now expecting the brand to reach $3.2 billion by 2024, up from a previous goal of $3 billion. The higher expectations come as Champion delivered 10 percent global growth in the fourth quarter despite tough comparisons.

Morgan Stanley raised its rating on Under Armour to “Overweight” from “Equal Weight” due to the stock’s pullback in recent months and the company’s opportunity to “outperform peers” as a result of the combination of lower relative supply chain risk, stronger relative China performance, favorable channel checks, and the likely conservative 2022 guidance.

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. 

Shares of VF Corp. slid 6.5 percent on Friday after the company reported better-than-expected third-quarter results but lowered its sales outlook due to a deteriorating performance by Vans and weakness in China. A number of analysts lowered their price targets and downwardly adjusted estimates on VF while indicating the stock’s improvement is largely tied to Vans regaining top-line momentum.

FDRA has analyzed new sales data that shows the footwear industry has blown past previous annual records and sits above $100 billion in total consumer spending.