SGB Update Outdoor
Moody’s Places Vista Outdoor’s Ratings On Review For Downgrade
Moody’s Investors Services placed Vista Outdoor Inc.’s ratings on review for downgrade following its “very weak” quarterly operating results.
Deckers Sets Action To Resolve Marcato Lawsuit
Deckers Brands announced that its Board of Directors has taken the actions to address and deem resolved a lawsuit filed by an affiliate of Marcato Capital Management LP, the activist shareholder that’s seeking to replace Deckers board with its own candidates.
K2 Skis Names Ryan McBride Head of U.S. Sales
K2 Skis announced that 10-plus year company veteran Ryan McBride is now leading the brand’s U.S. sales.
Canada Goose Raises Outlook On Robust Q2
Canada Goose Holdings Inc. sharply raised its outlook after reporting better-than-expected results for the second quarter ended September 30. “Our performance reflects the power of our brand around the world and our disciplined approach to executing our growth strategies. We have opened e-commerce sites in all seven of the new markets planned for fiscal 2018 […]
Camping World’s Q3 Sales Jump 25 Percent
Camping World Holdings Inc., the parent of Gander Mountain and Overton’s, reported net earnings rose 24.6 percent in the third quarter ended September 30 on a 25.0 percent revenue gain.
Cocona’s Patent Infringement Lawsuit Moving Forward
After various procedural delays related to motions filed by Columbia Sportswear, the United States District Court for the District of Colorado issued a series of orders that will allow the lawsuit filed by Cocona Inc. against Columbia Sportswear and The North Face for violating U.S. Patent No. 8,945,287 B2 to proceed in Colorado, according to a statement from Cocona.
Adidas’ Q3 Earnings Jump 35 percent
Adidas AG reported net earnings rose 35 percent in the third quarter as sales improved 12 percent on a currency-neutral basis. The gains were driven by Greater China, up 28 percent, and North America, ahead 23 percent, driven by the Adidas brand.
Sport Chek Sees Modest Comp Gain In Q3
Canadian Tire reported sales its FGL Sports segment were up 0.5 percent in the third quarter with same-store sales were up 0.4 percent. Same-store sales at Sport Chek were up 0.4 percent.
Vista Outdoor Accelerates Restructuring Efforts
While reporting a second-quarter loss, Vista Outdoor took combined charges of $152 million for write downs in its Sports Protection and Hunting and Shooting Accessories businesses. The company also announced plans to sell Bollé, Serengeti and Cébé and the elimination of the Shooting Sports segment president position.
Safilo Group’s Earnings Slide In Q3
Safilo Group, the parent of Smith, reported adjusted EBITDA declined 19.6 percent in the third quarter.
Dick’s Sets 2017 Holiday Game Plan
Dick’s Sporting Goods’ holiday plans include extended store hours on Thanksgiving; Black Friday savings beginning on Sunday, November 19; exclusive styles from Adidas and the Bowflex M5; and free shipping on online orders.
Burton Unveils U.S. Snowboard Team Uniforms
With less than 100 days until the opening ceremony of the upcoming Olympic Winter Games, Burton Snowboards officially unveiled the 2018 Olympic uniforms to be worn by the U.S. Snowboard Team.
Outside’s Best Places to Work 2017 Arrives
Peak Design, SportRx, Nuun, Powder7, Eagle Creek, SlideBelts, Toad and Co. and DryCase each earned a spot on Outside magazine’s Best Places to Work 2017.
OIA Responds to Formation Of Outdoor Recreation Advisory Committee
OIA wrote, “We believe the best way to invest in, expand access to and improve infrastructure on our nation’s public lands is through the protection of those public lands, including keeping our national monuments intact.”
Wolverine’s Q3 Profits Slump On Charges
Wolverine Worldwide Inc. reported earnings fell 51.9 percent on restructuring activities around its Wolverine Way Forward program, but adjusted earnings declined slightly and exceeded Wall Street’s target. Wolverine also raised its operating margin goal for 2018.
