SGB Update Footwear
Skechers To Become Pickleball Sponsor
Intersport and the Association of Pickleball Professionals (APP) Tour, USA Pickleball and Major League Pickleball (MLP) have entered into multi-year agreements that makes Skechers the Official Footwear Company of each pickleball organization.
Hibbett Reiterates FY Guidance After Challenging First Quarter
Hibbett Inc., as expected, reported first-quarter results well below year-ago levels that were also just short of Wall Street’s consensus targets. Hibbett said results were in line with internal plans while reiterating full-year guidance. Comps were down 18.9 percent year over year but ahead 22.9 percent against the pre-pandemic first quarter of 2019.
The Buckle Q1 Profits Show Slight Decline
Buckle, Inc. announced that net income for the fiscal quarter ended April 30, 2022 was $55.3 million, or $1.12 per share, slightly down from $57.3 million, or $1.16, for the first quarter of fiscal 2021.
Burlington Stores Q1 Sales Arrive Below Plan
Burlington Stores, Inc. reported same-store sales decreased 18 percent for the first quarter ended April 30, missing expectations.
Macy’s Lifts Earnings Outlook After Strong Quarterly Report
Macy’s Inc raised its annual profit forecast after reporting earnings and sales topped Wall Street estimates in the first quarter.
Callaway Golf Announces $100 Million Stock Repurchase Program
Callaway Golf Company announced that its Board of Directors has authorized the company to repurchase up to $100 million of the company’s common stock in the open market or in private transactions.
Genesco Tops EPS Expectations In First Quarter
Genesco, Inc., the parent of Journeys, reaffirmed its guidance for the year after reporting that first-quarter earnings surpassed Wall Street estimates.
JD Sports Founder And Chairman Steps Down
J.D. Sports Fashion Plc announced that due to an ongoing review of its internal governance and controls, it is accelerating the separation of the roles of chair and CEO. As a result, Peter Cowgill, executive chairman, will step down effective immediately.
On Appoints Board Member
On, the Swiss running brand, announced the election of Dennis Durkin as an additional independent member of its Board of Directors.
Adidas Revamps Portland Headquarters
Adidas unveiled its upgraded and expanded Adidas North America HQ in Portland, OR. Since the start of the project in 2018, nearly 220,000 square feet has been added, including three new buildings, a new gym, new cafes, additional parking and a sustainable soccer pitch.
Golf Rounds Played Decline 13 Percent In April
Golf Datatech’s National Rounds Played Report for April shows that U.S. rounds were down 12.9 percent in the month and off 9.8 percent year-to-date year-over-year.
Dick’s SG Lowers FY Guidance Despite Q1 Beat
Dick’s Sporting Goods reported earnings and sales in the first quarter topped Wall Street expectations but reduced its guidance for the year due to “macroeconomic” challenges.
Urban Outfitters Q1 Sales Climb 13 Percent
Urban Outfitters, Inc. announced a net income of $32 million, or 33 cents a share, in the first quarter ended April 30, 2022, down 40.2 percent from $53.5 million, or 54 cents, a year ago. Sales increased 13.4 percent over the same period last year to a record $1.05 billion.
Nordstrom Delivers 19 Percent Growth In First Quarter
Nordstrom reported sales in the first quarter grew 18.7 percent with sales ahead 23.5 percent for the Nordstrom banner and 10.3 percent for Nordstrom Rack. Core categories including men’s and women’s apparel, shoes and designer had the strongest growth as consumers updated wardrobes for the return of social events, travel and return to office.
Caleres Lifts 2022 Outlook As Momentum Continues In Q1
Caleres, Inc. raised its 2022 sales and earnings per share guidance after delivering its strongest first-quarter performance for sales, gross profit margins and earnings. Famous Footwear’s sales were down 3.4 percent, but the off-price chain achieved another quarter of strong gross profit margin.
