SGB Sportsmans

Under Armour’s Shares Pop As Transformation Gains Traction

Shares of Under Armour shot up $5.04, or 27.7 percent, to $23.23 Tuesday, the stock’s highest one-day gain since 2008, as the company reported third-quarter earnings that more than doubled Wall Street’s consensus expectations. On a conference call with analysts, Kevin Plank, CEO, described the performance as “another solid proof point that our multiyear journey toward becoming a more operationally excellent company is on track.”

Winchester Revenue Declines Amid Olin Q3 Beat

Olin Corp. reported net income for the third quarter ended September 30 of $195.1 million, or $1.16 per diluted share, which compares to third quarter 2017 net income of $52.7 million, or 31 cents per diluted share.

Retail Reports Roundup

Retail studies arrived on the online benefit to having physical stores, holiday spending forecasts on tech gadgets and seasonal celebrations, the challenges facing online holiday delivery, the positive payback from creating emotional connections and responding to online reviews.

Yeti’s IPO Makes Lackluster Debut

Amid volatile stock market conditions, Yeti’s initial public offering were priced at $18, below the company’s projected range of $19 to $21. Yeti also sold 16 million shares in the offering, down from 20 million initially planned. On the company’s first day of trading on Thursday, shares fell $1.00, or 5.6 percent, to $17. 

Callaway Golf Q3 Gains Lift From U.S. Momentum

With revenues in the U.S. running ahead 14.7 percent with the help of a good reception to the Rogue driver, Callaway Golf reported third-quarter earnings and sales exceeded guidance for the seventh straight quarter.

Rocky Brands Inc. Beats On Q3 Revenue & Income

Rocky Brands Inc. on Tuesday reported net sales for the third quarter ended increased 1.9 percent to $65.9 million compared to $64.7 million in the third quarter of 2017, beating Wall Street estimates by $0.4 million.

Aisle Talk Week of October 15

Top headlines from the active lifestyle industry you may have missed this week, including Mammut North America—a division of Swiss-based Mammut Sports Group AG—parting ways with the company’s managing director, Joe Prebich (pictured), for undisclosed reasons.

American Sportfishing Association Appoints New Officers

The American Sportfishing Association (ASA) appointed a new executive committee as well as ex-officio members to the board of directors during the 2018 Sportfishing Summit, the recreational fishing industry’s annual business meeting held October 9-12, just outside Charleston, SC.

Yeti Valued At $1.7 Billion In IPO

Yeti Holdings Inc.’s initial public offering values the company at $1.7 billion, according to an updated filing with the Securities & Exchange Commission. The high-end cooler maker is selling 2.5 million shares and current shareholders are selling 17.5 million shares.

Bass Pro, Cabela’s To Hire 7,000 Seasonal Positions

Bass Pro Shops is looking to hire approximately 7,000 seasonal workers to prepare for the holiday shopping season and the return of its popular Santa’s Wonderland experience. Cabela’s locations will be participating in Santa’s Wonderland for the first time this year.

Implus Amplifies One-Stop-Shop Empire With SKLZ

In an interview with SGB Executive, Seth Richards, CEO of Implus, and Todd Vore, president, discuss the company’s game-changing acquisition of SKLZ, what it means to its expanding fitness platform and the evolution of Implus’ dynamic one-stop-shop solution for accessories that now covers 20 brands.