SGB Sportsmans

Columbia Q4 Boosted By Improving U.S. Business

President and CEO Tim Boyle said, “In the fourth quarter, the U.S. wholesale channel played a significant role contributing to our top line beat relative to our October outlook, aided by improved order conversion.”

Columbia Sportswear’s Q4 Revenues Climb 8 Percent

Columbia Sportswear reported earnings excluding a massive tax charge and restructuring costs rose 9.2 percent on an 8 percent revenue gain. U.S. net sales increased 8 percent to $492.6 million, reflecting growth in DTC and benefits from a shift in the timing of shipments of Fall 2017 advance wholesale orders from the third quarter to the fourth quarter.

Vista Outdoor’s Q3 Hamstrung By Weak Hunt Business

On a conference call with analysts, Christopher Metz, Vista Outdoor’s CEO since October, said the company made progress in the third quarter generating cash, reducing inventories and driving down costs, but continued weakness in its Shooting Sports continues to erode earnings.

Garmin And Navico Resolve Patent Disputes

Garmin International, Inc., a unit of Garmin Ltd. and Navico, parent company to the Lowrance, Simrad and B&G brands, announced that they have ended a three-year-long dispute relating to sonar and auto guidance patents.

Dick’s Chief Merchant Resigns

Dick’s Sporting Goods said in a regulatory filing that Keri L. Jones, executive vice president – chief merchant, plans to resign from her position, effective February 9,, in order to accept a CEO position at another company.