Yeti ‘Wild’ On Growth Prospects
In its first earnings report since going public, Yeti Holdings Inc. reported third-quarter earnings that topped Wall Street’s consensus target by $3.00 a share and set long-term growth targets of 10 to 15 percent as it pursues new categories, new customer segments and new channels. But shares fell $3.09, or 16.1 percent, on Thursday apparently due to concerns over weakness in its Cooler/Equipment segment.
BPI Outdoors Promotes Sebo To VP
BPI Outdoors, a leader in muzzle loading rifles and accessories with the CVA, Powerbelt, and Durasight brands, promoted Jason Sebo to the position of vice president of sales and marketing for its CVA division.
Dick’s Top-Line Struggles Continue
Dick’s Sporting Goods Inc. increased its 2018 earnings guidance for a third consecutive quarter as earnings easily beat Wall Street’s targets, thanks to stringent expense controls. Sales, however, came in lower than Wall Street’s targets due to the continued drag from hunt and activity trackers categories, weakness at Under Armour and flat footwear comps.
Sportsman’s Warehouse Shares Rise After Mixed Q3
Shares of Sportsman’s Warehouse Holdings Inc. were up 23 cents, or 4.9 percent, at market close Wednesday after the company posted mixed performance for the third quarter despite numerous headwinds, most notably weather-related.
Sportsman’s Warehouse to Open Lansing, MI, Store in 2019
Sportsman’s Warehouse is opening a new store in Lansing, MI, in the summer of 2019. The Lansing location will introduce the Sportsman’s Warehouse brand to Michigan and will be the 93rd store in 24 states.
Dick’s Sporting Goods Raises Guidance After EPS Beat
Dick’s Sporting Goods Inc. on Wednesday raised full-year 2018 earnings per diluted share guidance to $3.15 to $3.25 from the previous range of $3.02 to $3.20 earnings per share after reporting a strong third quarter ended November 3.
Sportsman’s Warehouse Holdings Q3 EPS In Line With Estimates
Sportsman’s Warehouse Holdings Inc. on Wednesday reported diluted earnings per share for the fiscal third quarter ended November 3 of 29 cents. Adjusted diluted earnings per share of 26 cents was up from diluted earnings per share of 23 cents in the third quarter of fiscal year 2017 and in line with Wall Street’s targets.
Black Friday Weekend Momentum Portends Robust Holiday For Retail
Covering the revenue haul on Thanksgiving, Black Friday, Small Business Saturday on through to Cyber Monday, a number of favorable reports arrived proclaiming a healthy start to the 2018 holiday shopping season for retail. Although online appears to again be seeing over-sized gains with a boost from mobile purchases, brick & mortar traffic also appears to be recovering or at least stabilizing.
Newell Brands Appoints Christopher Peterson CFO
Newell Brands on Monday announced the appointment of Christopher “Chris” H. Peterson as executive vice president, CFO, further strengthening the Newell Brands leadership team as part of the company’s accelerated transformation plan.
Vista Outdoor Completes Credit Refinancing
Vista Outdoor Inc. announced that it completed the refinancing of its existing senior secured credit facilities by replacing those facilities with a new asset-based revolving credit agreement and term loan credit agreements.
Bollé Brands Formed
A&M Capital has established a new holding company grouping the four eyewear brands – Bollé, Bollé Safety, Serengeti and Cébé – acquired from Vista Outdoor Group.
Aisle Talk Week of November 12
Top headlines from the active lifestyle industry you may have missed this week, including Tony Hawk announcing the launch of D/CAL, a hybrid brand consultancy and creative agency, with Adam Wilson, Jared Prindle and Ryan Maconochie.
Escalade Sports Acquires Victory Tailgate
Escalade Sports, a wholly owned subsidiary of Escalade Inc., announced that it has acquired Victory Tailgate, a brand known for its premium licensed and custom tailgating games. The acquisition will significantly strengthen Escalade Sports’ leadership in the tailgating and lawn games’ categories.
Newell Brands To Sell Pure Fishing To Sycamore Partners For $1.3 Billion
Newell Brands on Wednesday announced it has signed definitive agreements to sell Pure Fishing to the private equity firm Sycamore Partners for $1.3 billion.
Lew’s Holdings Acquires Southern Plastics
Lew’s Holdings Corporation, the supplier of fishing and hunting products through Lew’s, Strike King, and Hunters Specialties, announced that it has acquired Southern Plastics Company Inc., a manufacturer of soft plastic fishing lures.
