Vista Outdoor Accelerates Restructuring Efforts
While reporting a second-quarter loss, Vista Outdoor took combined charges of $152 million for write downs in its Sports Protection and Hunting and Shooting Accessories businesses. The company also announced plans to sell Bollé, Serengeti and Cébé and the elimination of the Shooting Sports segment president position.
CODI’s Q3 Cash Flow Expands
Compass Diversified Holdings (CODI), the parent of Liberty Safe, Crossman and 5:11, said its cash flow grew to $26.2 million as compared to $22.6 million for the prior year’s comparable quarter. Cash Flow for the third quarter of 2017 reflects year-over-year earnings growth in the company’s Advanced Circuits, Arnold Magnetic and Clean Earth businesses, offset by declines at the company’s other businesses.
Dick’s Sets 2017 Holiday Game Plan
Dick’s Sporting Goods’ holiday plans include extended store hours on Thanksgiving; Black Friday savings beginning on Sunday, November 19; exclusive styles from Adidas and the Bowflex M5; and free shipping on online orders.
Wolverine’s Q3 Profits Slump On Charges
Wolverine Worldwide Inc. reported earnings fell 51.9 percent on restructuring activities around its Wolverine Way Forward program, but adjusted earnings declined slightly and exceeded Wall Street’s target. Wolverine also raised its operating margin goal for 2018.
Under Armour Upgraded Due To Re-Accessed Expectations
In a note, Susquehanna analyst Sam Poser that while Under Armour’s business “will be challenging for some time,” the downside to owning the stock is “more limited as UAA may have set the bar low enough to allow the company to hit the reset button.”
Black Diamond Sees Climbing Sales Vault 17 Percent In Q3
The climbing gain was driven by newly-launched Momentum rock shoe as well as ropes, climbing accessories, helmets and harnesses. Apparel grew 10 percent, aided by improved fulfillment rates. Ski increased 9 percent,
Lands’ End Becomes Official Outfitter Of The Weather Channel
The Weather Channel television network and Lands’ End announced a two-year partnership that will integrate the apparel brand into The Weather Channel’s live in-the-field coverage. Lands’ End will outfit the network’s on-camera meteorologists in outerwear and apparel.
Academy Sports Opens Sixth Central Florida Location
Academy Sports + Outdoors opened its newest store in Orlando.
RECALL: Maverick Arms 12-Gauge Shotguns
Maverick Arms said it has discovered that a small number of Maverick Hunter Over/Under 12-gauge shotguns (SKU 75445) have been marked incorrectly.
Under Armour Lends Support To Hunt Right; Hunt Fair Chase Initiative
The Hunt Right; Hunt Fair Chase initiative is designed to invigorate a commitment among sportsmen as to the benefits of a fair chase approach, celebrating both personally rewarding and memorable experiences as well as presenting a positive public image of the sport.
Lew’s Acquires Strike King Lure
Lew’s Holdings Corporation, a portfolio company of Peak Rock Capital, has acquired Strike King Lure Company, a leading supplier of branded fishing lures, sunglasses, and other fishing accessories.
Simms Appoints Casey Sheahan As CEO
Simms Fishing Products, the manufacturer of waders, outerwear, footwear, and technical apparel in fishing, announced the appointment of Casey Sheahan, seasoned outdoor industry veteran, to chief executive officer.
Aisle Talk, Week Of October 30
Top headlines from the active lifestyle industry you may have missed this week.
Newell’s Play Segment Sees Strong Earnings Uptick
On a conference call with analysts, Michael Polk, Newell’s CEO, highlighted mid-single-digit growth from the Fishing and Team Sports segments although the improved earnings largely reflects the absence of year-ago inventory writeoffs post-acquisition.
Wolverine Worldwide Completes Portfolio Management Initiatives
Wolverine World Wide Inc. announced the completion of its comprehensive portfolio management initiatives that were executed and expected to be completed during fiscal 2017, including the closures of underperforming stores, sale of the Sebago brand and licensing of the Stride Rite brand.
