Delta Apparel Logs Q3 Loss As Sales Decline Double-Digits
Delta Apparel Inc. posted a loss in the fiscal third quarter ended July 1 due to efforts to reduce production levels to rebalance inventories in the marketplace as well as from inflationary pressures on cotton. Delta said the inventory and inflationary pressures are receding.
Fox Factory Posts Flattish Q2 Sales Growth Despite Shrinking Specialty Sport Group
A 1.5 percent revenue decrease for Q2 reflects a 41.0 percent decrease in Specialty Sports Group net sales, offset by a 32.6 percent increase in Powered Vehicles Group and 26.2 percent growth in the Aftermarket Applications Group net sales.
Camping World Holdings Closes on Two Arkansas RV Dealer Locations
Upon the completion of certain facility renovations, the company intends to open these locations as Forest River RV Little Rock and Alliance RV Northwest Arkansas.
EXEC: Ruger’s Q2 Sales Up, EPS Down and Some Inventories at Pre-Pandemic Levels
Sturm, Ruger & Company, Inc. reported second-quarter net sales were $142.8 million, compared to net sales of $140.7 million in the year-ago quarter. Diluted earnings were 91 cents per share for Q2, compared to $1.17 per share in the prior-year period.
Tractor Supply Names Food Lion President as Newest Board Member
Tractor Supply Company appointed Meg Ham as an independent member of its Board of Directors, effective August 2. TSC said Ham brings a distinguished 35-year career in the retail industry and is the president of Food Lion.
Gildan Lowers Full-Year Outlook as Negative Market Forces Threaten Upside
While net sales for Q2 were said to be above the company’s expectations at $840 million, Gildan said it sees current market conditions unfavorably impact activewear product mix, both in North American and International markets, as customers focus on lower-priced products.
Solo Brands Sees DTC Business Shrink in Q2 as Wholesale Sets Growth Pace
Solo Brands, Inc. saw second-quarter net sales decrease 3.7 percent to $130.9 million. Continued expansion of the wholesale network reportedly led to an increase in Wholesale channel revenue, offset by a decrease in the DTC channel.
EXEC: Retail Inventory Woes Impact Q2 Sales at BOA and Primaloft; Marucci and 5.11 See Gains at CODI
Brand aggregator Compass Diversified (CODI) saw first-quarter sales decline 36 percent at BOA and 18 percent at Primaloft as both businesses continued to be impacted by stubbornly elevated inventories in the marketplace. Among CODI’s other active lifestyle brands, revenues grew 35 percent at Marucci Sports and 5 percent at 5.11 while sliding 30 percent at Velocity Outdoor.
EXEC: Boot Barn Ups Full-Year Outlook as Fiscal Q1 Improves and Q2 Off to Strong Start
Fiscal first-quarter net sales increased 4.9 percent to $384 million. The sales performance was said to benefit from new stores opening during the past 12 months, partially offset by a consolidated same-store sales decline of 2.9 percent.
Johnson Outdoors Sees Fiscal Q3 Sales Decline as Camping and Watercraft Contract
Total company net sales in the third quarter ended June 30 declined 8 percent to $187.0 million compared to $203.8 million in the prior-year third fiscal quarter. Net income improved for the period year-over-year.
NSSF-Adjusted NICS Background Checks Slide Again in July
The National Shooting Sports Foundation (NSSF) is reporting that the July 2023 NSSF-adjusted National Instant Criminal Background Check System (NICS) figure decreased 17.0 percent year-over-year to 1,023,903 checks.
Boot Barn Posts Mid-Singles Q1 Sales Growth Despite Comp Store Decline
The increase in net sales was said to be the result of the incremental sales from new stores opened over the past twelve months and higher average unit retail prices, driven in part by inflation, partially offset by a decrease in consolidated same-store sales.
Compass Diversified Gets Q2 Lift from Primaloft Addition
The 2 percent increase in Q2 was said to be primarily due to the acquisition of PrimaLoft, the strong performance at Lugano and Marucci, partially offset by lower sales at BOA and lower sales at Velocity in the second quarter of 2023.
EXEC: Rocky Brands Sees Brand Momentum Build After Tough Start to Q2
Notwithstanding the slow start, at-once orders reportedly improved month-over-month as the quarter progressed and the trend continued into July, providing a good start to the third quarter creating optimism that channel inventories are getting properly aligned with demand.
EXEC: Vans’ and Dickies’ Sharp Q1 Declines Offer Rude Welcome for New VF CEO
Vans has an outsized impact on the fiscal first quarter while The North Face, Timberland, Jansport, and others have more impact in the back half of the year.
