CODI’s Cash Flow Expands In Q1
Compass Diversified Holdings (CODI) reported cash flow grew in the first quarter due to year-over-year earnings growth in the company’s Clean Earth, Sterno Products, ERGObaby and 5.11 businesses, offset by declines at the company’s other businesses, including Liberty Safe.
Bogs Sales Tumble 21 Percent In Q1
On a conference call with analysts, Thomas Florsheim, Jr., Weyco’s chairman and CEO, said Bogs was hurt in the quarter by unseasonably warm weather and a lack of precipitation, as well as the migration to online selling and shifts in discretionary spending away from soft goods purchases.
Big 5 Crushes Q1 Guidance
Said Steven Miller, chairman, CEO and president, on a conference call with analysts. “Our strong results reflect our team’s continued effort to expand our market share gain following the competitive store closures that occurred in our sector last year and capitalized on the favorable weather conditions in our market during the first quarter.”
Bogs Sales Drop Double-Digits In Q1
Bogs’ first-quarter net sales were down 21 percent, reflecting the continued softness in the outdoor and better footwear channels.
Dick’s To Open Three New Stores In May
With the grand opening of these new stores in San Diego, CA, Lake City, FL and Bellingham, WA, Dick’s will have 694 locations in the country.
Bowtech Archery Hires Matt Katzfuss As Territory Manager
Katzfuss brings 15 years of experience in the archery industry to Bowtech.
Black Diamond’s Director Steps Down
Black Diamond Inc. announced that Robert Schiller has resigned as executive vice chairman and director in order to pursue other interests.
Trump Commits To Gun Rights At NRA Convention
President Donald Trump stated, “The eight-year assault on your Second Amendment freedoms has come to a crashing end.”
Camping World to Assume A Minimum Of 17 Gander Mountain Locations
Camping World teamed with a group of liquidating firms, Gordon Brothers Group LLC and Hilco Merchant Resources LLC, to win the auction of Gander Mountain’s assets. The winning bid valued at $390 million to $400 million, according to people familiar with the proceedings.
Bass Pro Founder Partners With Tiger Woods
Bass Pro Shops founder and CEO Johnny Morris announced a collaborative partnership with 79-time PGA Tour winner Tiger Woods and the Payne Stewart family that includes plans to create the first-ever public access golf courses designed by TGR Design, the golf course design firm led by Woods.
Aisle Talk, Week Of April 24
Top headlines from the active lifestyle industry you may have missed this week.
Columbia Sportswear Trims Sales Guidance On Retail’s Closures
“The slight reduction in top-line expectations primarily reflects the incremental bankruptcies, liquidations and store closures that we’ve become aware of, as well as a more cautious posture adopted by our U.S. wholesale customers since February,” said CEO Tim Boyle on a conference call with analysts.
West Marine Optimistic For Rest Of 2017, Despite Q1 Loss
Matt Hyde, president and CEO of West Marine said during a conference call that the company was satisfied with sales through the first part of March, but then the northeast experienced a series of snowstorms that negatively impacted the results of their Spring Super Sale. The company was forced to close 42 locations due to the inclement weather.
Under Armour’s Shares Jump As Q1 Loss Less Than Feared
Shares of Under Armour rose $1.68, or 9.3 percent to $19.82 on Wednesday after the company posted a loss that was lower than Wall Street expected. Officials kept its guidance for the year but indicated that its category management initiatives are making progress.
NSSF Praises Passage Of Sunday Hunting Law In West Virginia
The National Shooting Sports Foundation (NSSF), the trade association for the firearms, ammunition, hunting and shooting sports industries, applauded West Virginia Gov. Jim Justice’s signing of of SB 345 into law, expanding Sunday hunting on private land with written permission.
