SGB Sportsmans

Vista Outdoor’s Sporting Products Business To Be Rebranded as The Kinetic Group

Vista Outdoor, Inc. announced its new name and identity that will be effective following the planned spinoff of Vista Outdoor’s Outdoor Products business. Post-spin, Vista Outdoor will be rebranded as The Kinetic Group, a name “that surfaced among employees during the naming process and represents the energy behind the company and its leading ammunition brands,” […]

EXEC: Yeti CEO Talks Return to Double-Digit Growth in Fourth Quarter

Shares of Yeti Holdings rose about 17.3 percent Thursday after the drinkware and cooler maker raised its guidance for the year after second-quarter results handily topped Wall Street targets. Speaking to analysts, Matt Reintjes, president and CEO of Yeti Holdings, predicted a return to double-digit growth in the fourth quarter as the firm recovers from a massive recall and taps success with newer product families and line extensions.

SportChek’s Sales Flattish in Second Quarter

Canadian Tire Corporation, Ltd. reported SportChek’s comparable sales were up 0.1 percent in the second quarter ended July 1. Team sports and lifestyle footwear grew, while athletic clothing and outerwear were down. Canadian Tire’s overall comps were up 0.1 percent.

Yeti Holdings Lifts EPS Outlook On Margin Improvement

Yeti Holdings, Inc. reported earnings and sales declined in the second quarter in part due to its soft cooler recall. Sales on an adjusted basis increased 2 percent and both earnings and sales topped analyst targets. Yeti raised its EPS guidance for the year and predicted a return to double-digit growth in the fourth quarter. 

EXEC: Under Armour Reduces North America Guidance on Wholesale Softness

Under Armour reported results for the fiscal first quarter ended June 30 came in line with expectations amid progress reducing inventory levels while reiterating its overall guidance for the year. However, sales guidance was reduced for North America as the brand was unable to overcome due to stubborn challenges at U.S. wholesale.