Fitbit Posts Q1 Loss On Revenue Decline
Fitbit Inc. reported a loss of $80.9 million, or 34 cents per share, in the first quarter ended March 31, compared to a loss of $60.1 million, or 27 cents per share, in the same quarter a year ago. The company reported sales of $247.9 million, a 17 percent decline from last year. Fitbit’s income and revenue topped analyst expectations, but the company’s forecast for the current quarter is lower than expected as it works to sell off old products and shift focus to the new Versa.
Academy Sports To Open Two New Locations In NC
Academy Ltd., dba Academy Sports + Outdoors, will open the company’s first stores in Matthews, NC and Winston-Salem, NC, this summer. The company recently opened the first store in New Bern, NC, last month.
Gildan Reaffirms Guidance Amid Q1 Income & Revenue Decline
Gildan Activewear Inc.’s net income and revenue tumbled in the first quarter ended April 1, but both were within management expectations and the company reaffirmed full-year guidance issued on Feb. 22.
Gander Outdoors Opens Four More Locations
Gander Outdoors, formerly known as Gander Mountain, set grand opening celebrations for new stores in Bemidji, MN; Florence, AL; Kingston, NY and Sheboygan, WI.
Fathead Enters Strategic Partnership With FlyQuest
Fathead LLC and FlyQuest Sports partnered to launch a line of FlyQuest wall graphics. The agreement marks Fathead’s entrance into esports.
PGA Tour Superstore Opens Second Houston Store
PGA Tour Superstore announced the upcoming grand opening of a store at Katy Ranch Crossing Shopping Center in Houston.
Payless ShoeSource To Add Office Location In Dallas
Payless ShoeSource announced plans to open an additional office in Dallas, Texas. In addition to the Dallas office, select business operations will remain in Topeka, KS and other locations around the world.
Oboz Hires Marketing Manager
Oboz Footwear’s marketing team has grown with the addition of Judd Salvas in the newly created position of marketing manager.
Garmin Sees Double-Digit Earnings Growth In Q3
Garmin Ltd. reported operating earnings rose 21.5 percent in the first quarter. Sales climbed 10.8 percent, led by gains of 24 percent in the company’s Outdoor segment, 20 percent in Fitness and 19 percent in Aviation.
Sierra Bullets Makes Strategic Investments In Sales And Marketing
Sierra Bullets, a brand of Clarus Corp., has hired Mayon Sargeant as vice president of sales.
Outdoor & Sports Company Bolsters Sales Team
Outdoor & Sports Company Inc., subsidiary of Mountain Equipment, Bridgedale and Hilly products, announced that the company has added two new sales agents to their team.
Starboard Releases Presentation On Newell
Starboard Value LP, which owns approximately 3.8 percent of Newell Brands, announced that the company has released a detailed presentation outlining the opportunity to create meaningful value at Newell.
AcuSport Files For Bankruptcy, Will Be Sold
AcuSport Corp., a Bellefontaine, OH-based distributor of shooting and hunting products, today filed for Chapter 11 bankruptcy protection in the Southern District of Ohio.
Big 5’s Sales Tumble In Q1
Big 5 Sporting Goods Corp. reported first-quarter loss as gross margins eroded 200 basis points and same-store sales fell 7.5 percent. The sales decline was due to warm and dry weather conditions in the western states. The results were in line with guidance given in February.
Osprey Appoints New Hires
Osprey Packs welcomed a new vice president of operations, new directors of design and production and hired a vice president of innovation.
