SGB Sportsmans

Canada Goose Q3 Revenues Surge 50 Percent

February 15, 2019 SGB Executive

Canada Goose again raised its guidance for the year after banging out significant gains in earnings and sales in the third quarter ended December 31. Results benefited from strong demand for expanded lightweight offerings, retailer requests for earlier shipments of merchandise, and a strong reception to new stores.

SportChek’s Comps Climb 2.5 Percent In Q4

February 14, 2019 SGB Update

Canadian Tire Corp. reported SportChek’s comps were up 2.5 percent in the fourth quarter and 2.0 percent for the full year

Yeti Holdings Q4 Profits Jump

February 14, 2019 SGB Update

Yeti Holdings Inc. reported a sharp jump in net earnings in the fourth quarter as revenues climbed 19 percent. The company expects sales to climb between 11.5 percent and 13 percent in 2019.

Sportsman’s Warehouse To Open Murfreesboro, TN, Store In Summer 2019

February 13, 2019 SGB Update

Sportsman’s Warehouse is planning to open a new store in Murfreesboro, TN, in the summer of 2019.

Under Armour Struggles To Revive North America Growth

February 12, 2019 SGB Executive

Under Armour Inc.’s fourth quarter came in better than expected in the fourth quarter due to strong growth internationally and fewer promotions. But sales in North America dropped 6 percent and a return to growth isn’t expected in the region until at least the second quarter. Patrik Frisk, president and COO, “When you’ve lost space on the shelf you got to earn it back and it takes a little bit of time.”

Retail Roundup … 7 Reports For February 2019

February 11, 2019 SGB Executive

Retail studies arrived over the last two weeks around the state of influencer marketing, the link between inventory efficiencies and markdowns, turning one-and-dones into recurring customers, brands’ opportunities to “mend A divided nation,” and more…

CRKT Appoints Industry Veteran Jeff Lunz As New CFO

February 11, 2019 SGB Update

Columbia River Knife and Tool has appointed Jeff Lunz as the company’s new CFO. A seasoned professional, Lunz worked with Gerber Legendary Blades for the past 14 years in accounting, planning, inventory and various director roles before ascending to VP of finance.

Big Rock Sports Recognizes Vendors In Nashville

February 11, 2019 SGB Update

Big Rock Sports recognized its vendor partners during January’s Nashville Outdoor Expo to spotlight those who went above and beyond in 2019. Specifically, the company spotlighted Pure Fishing, Leupold and Pradco Fishing.

Aisle Talk Week Of February 4

February 8, 2019 SGB Executive

Top headlines from the active lifestyle industry you may have missed this week, including a number of former Cabela’s employees, led by Matt Highby, officially launching Highby Outdoors, an e-commerce site focusing on outdoor gear.

Vista Outdoor Cuts Guidance Amid Continued Headwinds

February 7, 2019 SGB Executive

Shares of Vista Outdoor fell $1.58, or 15 percent, to $8.99 on Thursday after the company earlier in the day cut guidance on its third-quarter report of a 20 percent revenue decrease and a $514.6 million loss on a goodwill write-down. The company reported sales of $468 million, shy of Wall Street’s consensus target of $505 million.

Firearms Background Checks Turn Positive In January

February 7, 2019 SGB Update

FBI background checks, as adjusted by the NSSF, improved 3.4 percent in January to 988,160 from 955,466 in January 2018. The gain marked the first year-over-year improvement since March 2018.

Vista Outdoor Reduces Sales Guidance After Quarterly Miss

February 7, 2019 SGB Update

Vista Outdoor lowered its revenue guidance for its fiscal year ended March 31 after reporting sales dropped 20 percent in the third quarter. The company posted a loss of $514.6 million, or $8.94 a share, on a massive goodwill write-down but said earnings before charges exceeded Wall Street’s consensus estimates.