SGB Update Outdoor

Canadian Tire Sees Earnings Dip In Q1 But Sales Improve

Canadian Tire Corporation, Limited  reported earnings dipped in the first quarter due to accelerated depreciation expense but consolidated same-store sales grew 5.2 percent in the quarter and retail gross margins improved. FGL’s same store sales increased 3.9 percent.

Canadian Tire Agrees To Acquire Helly Hansen

Canadian Tire Corporation Ltd (CTC). entered into an agreement to purchase Helly Hansen, the maker of sportswear and workwear based in Oslo, Norway. The purchase price was Canadian $985 million (U.S. $771 mm).

Helinox Hires Marketing And Sales Chiefs

Helinox, the maker of  lightweight collapsible furniture, announced the hiring of a VP of marketing, Azul Couzens and a VP of sales, Trudy Hutton.

Europe Boosts Safilo Group’s Q1 Revenue

Safilo Group S.p.A. reported first-quarter gross profit reached €127.5 million, up 9.1 percent compared to €116.8 million in the first quarter of 2017.

Wolverine Worldwide Lifts Guidance On Strong Q1

Wolverine Worldwide reported adjusted earnings rose 35 percent in the first quarter to 50 cents a share, exceeding Wall Street’s consensus estimate of 37 cents a share. Underlying revenue inched up 0.3 percent on a currency-neutral basis as Merrell, Sperry and international exceeded expectations.