Retail Reports Roundup
Retail studies arrived on increasing rates of discretionary spending online, online personalization disappointing consumers, disconnects around consumers pricing perceptions, unplanned absence creating selling floor shortages, and rewards members desire for cash.
Clarus Raises EBITDA Margin Outlook On Record Sales In Q3
Clarus Corp. on Monday raised its EBITDA margin outlook to 9.5 percent from 8.5 percent after the company reported sales for the third quarter ended September 30 jumped 22 percent to a record $55.7 million, which also beat Wall Street targets by $2.5 million.
NICS Checks Drop 11 Percent in October
FBI background checks, as adjusted by the NSSF, continued their trend of year-over-year declines, falling 11.2 percent to 1.0 million from 1.13 million in October 2017.
Newell Brands’ Turnaround Plans Gaining Traction
Shares of Newell Brands Inc. rose 14.5 percent Friday after the consumer-goods conglomerate reported adjusted earnings in the third quarter exceeded expectations as its turnaround efforts made some progress. The full-year EPS outlook was lifted for the year. Coleman’s sales were impacted by lost distribution at a key U.S. retailer.
Aisle Talk Week of October 29
Top headlines from the active lifestyle industry you may have missed this week, including the outlook for U.S. apparel and footwear manufacturers being changed to positive from stable, according to Moody’s Investors. The agency cited the progress of companies like VF Corp. (pictured) in the report.
Vista Outdoor Shares Soar As Cost Savings Boost Earnings
Shares of Vista Outdoor Inc. rose $1.47, or 11.8 percent, at market close Thursday after the company’s earnings report revealed successful cost-cutting measures and highlighted both the recent divestiture of its eyewear brands and continued pursuit of shedding its firearms brands.
5.11 Shines For CODI In Q3 But Outlook Tempered As Investments Mount
Compass Diversified Holdings CEO Elias Sabo called tactical gear brand 5.11 a “significant driver” for CODI in the third quarter as 10.1 percent revenue growth surpassed the parent company’s expectations, but he also warned that heavy investments will take a toll on the brand’s earnings in the short term.
Vista Outdoor Lifts EPS Guidance On Cost-Reduction Initiatives
Vista Outdoor Inc. slightly raised its earnings guidance on an adjusted basis for the year as expectations for sales and earnings exceeded plans in the second quarter ended September 30. Shooting Sports segment generated sequential sales growth, while Outdoor Products segment sales remained flat adjusted for the sale of its eyewear brands.
Sturm, Ruger & Co. Misses Revenue, Earnings Targets
Sturm, Ruger & Co. Inc. on Wednesday reported net sales for the third quarter ended September 29 of $114.9 million and diluted earnings of 52 cents per share, falling short of Wall Street expectations by $14.9 million and 40 cents, respectively.
Compass Diversified Holdings Posts Revenue Bump, Income Slide
Compass Diversified Holdings reported revenue for the third quarter ended September 30 of $448.7 million, up 38.5 percent from $324 million a year ago and beating Wall Street estimates by $39.2 million. The company’s net income was $5.8 million, as compared to net income of $8.4 million for the quarter ended September 30, 2017.
Winchester’s Profits Hurt By Higher Commodity Costs
Winchester’s EBDITA fell 30.9 percent in the third quarter ended September 30 as sales dropped 5.3 percent, according to the ammunition maker’s parent, Olin Corp. On a conference call with analysts, John Fischer, Olin’s CEO, said the company now expects overall 2018 commercial demand in the Winchester segment to decline by approximately 20 percent in 2018, which follows a 17 percent decline in commercial demand in 2017.
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.
Columbia Sportswear Notches Strongest Earnings In Company History
Citing the benefits of the company’s “brand-led, consumer-focused” Project CONNECT initiative, Columbia Sportswear reported earnings topped Wall Street targets for the seventh straight quarter, lifted its guidance for the year and provided an upbeat outlook for 2019.
