SGB Update Outdoor
Brunswick Q3 Bowling Gains Offset Fitness Dip…
Brunswick Corp. saw net sales increase 13% to $1.43 billion for the third quarter, up from $1.27 billion a year earlier. Net income totaled $88.4 million, or 89 cents per diluted share, up 21% from $72.9 million, or 75 cents per diluted share, for the thi
K-Swiss Sees Potential for Low Profile Classics…
K-Swiss is apparently hoping to capture a little of the European magic and bring it back home to the mall next year. With Domestic sales dipping yet again in the third quarter, primarily due to weakness in the Classics LE business, the company is now tal
Deckers Offers Conservative Outlook for 2005 and 2006; Shares Take a Hit…
Deckers Outdoor Corp. was able to capitalize on its early ramp up of inventories of UGG product for the fall season, posting strong growth in earnings and sales for the third quarter, but a more conservative outlook for the fourth quarter, full year 2005
PUMA and FIFA in Settlement Over Cameroon Kit
FIFA and PUMA have reached an out-of-court settlement in their legal dispute over Cameroon's one-piece playing kit. FIFA had previously fined Cameroon for wearing the uniforms during the African Cup in 2004, ruling that all teams must wear a separate
Volcom Posts Strong Sales Gains; Tax Rate Cuts into Bottom Line Improvement…
Volcom posted another strong quarter, but an increased tax rate hurt otherwise strong gains on its bottom line. Sales were up across all segments and regions, with the exception of the Snow segment, which saw flat growth on the loss of the Galyan’s busin
Skechers Posts Another Strong Quarter, But Guidance Has Analysts Nervous…
Skechers posted its seventh consecutive quarter of net sales increases and its sixth quarter of net income gains with owned-retail comprising approximately 20% of total business, but gave guidance for the fourth quarter and full year that was below analys
Cabela’s Expansion Continues Despite Slowdown…
While the Cabela’s expansion strategy managed to boost overall sales, the company still saw a heavy impact from back-to-back Gulf Coast hurricanes and the ensuing “CNN effect” that kept consumers at home watching TV and away from retail. This effect not o
Gander Mountain Warns on Forward Results…
Gander Mountain no longer expects to meet the guidance given at the end of August when the company reported its second quarter sales and earnings. The company now expects that comparable store sales in the third quarter will decline 9% to 10% versus 2004
Russell Corp. Feels Hurricane Hurt; Not as Bad as Anticipated…
After issuing warnings earlier this month that reduced the lower range of EPS guidance by two cents, excluding the anticipated 16 cents to 20 cents negative affect of recent hurricanes, the market was braced for the worse from Russell Corp. As it turned
Callaway Gets Q3 Lift on Easy Comparisons…
On the surface, the third quarter results for Callaway Golf Company appear to reflect a business that is experiencing meteoric growth after a very difficult period of integration with the acquired Top-Flite business and product launches in the woods categ
Columbia Sportswear Net Declines on Continued Outerwear, Gross Margin Declines…
Columbia Sportswear seems to be suffering from the macro trend that is pushing sales away from the middle market in the U.S. The company reported declining sales in both outerwear and footwear in the domestic market, while Europe and Canada both showed in
Coleman Sees Q3 Boost from Hurricane Relief…
Jarden Corporation, parent company to Coleman, reported that sales for their ‘Outdoor Solutions’ segment increased 11% during the third quarter due to an extended summer season and abnormally warm weather driving sales of new products in the Water Recreat
Wolverine Shifts Outdoor Management Structure to Support New Initiatives
Wolverine World Wide made organizational promotions in its Outdoor Group. The Outdoor Group consists of the Merrell, Sebago and Patagonia footwear businesses and is led by Jacques Lavertue, Group President. This group has achieved eight consecutive years
Recall: Delta Cycle Folding Racks…
Delta Cycle Corp., in cooperation with The U.S. Consumer Product Safety Commission, has announced a voluntary recall of about 3,500 Picasso Two-Bike Folding Racks. Based on the recall, the bike rack does not have sufficient hardware to support its weight
Garmin Q3 Revenues Increase 30%…
Garmin continues to post strong top line growth while ASP’s for GPS units slowly decline and Garmin sees their margins erode as competition increases. Revenue for the quarter increased 29.8% to $251.3 million from $193.6 last year. The consumer segment po
