SGB Sports & Fitness

GoPro Sees Shipments Shortfall In Q1

For the first time in several quarters, GoPro avoided a huge surprise disappointment for the investment community. The company reported a narrower than expected first quarter loss, double-digit top-line growth in the period, and provided second-quarter guidance that was better than Wall Street expected.

VF’s Q1 Boosted By Momentum Behind North Face And Vans

The North Face increased 4 percent in the Americas region, driven by low-teen growth in D2C that offset a low-single-digit decrease in wholesale due to doors lost to bankruptcies. Vans was up 6 percent in the Americas, while Timberland’s sales in the region were down 7 percent as the brand works to reduce its reliance on Classics.

Columbia Sportswear Trims Sales Guidance On Retail’s Closures

“The slight reduction in top-line expectations primarily reflects the incremental bankruptcies, liquidations and store closures that we’ve become aware of, as well as a more cautious posture adopted by our U.S. wholesale customers since February,” said CEO Tim Boyle on a conference call with analysts.

Hydro Flask’s Growth Momentum Continues In Q1

Julien Mininberg, CEO of Helen of Troy, on a conference call with analysts said Hydro Flask’s growth is being fueled by strong demand for the overall water bottle category, new products, more balanced distribution and strong online sales.