SGB Update

Bass Pro Shops to Open New Outpost in Muncy, Pennsylvania

Bass Pro Shops will have four stores in Pennsylvania following the completion of the 75,000-square-foot Outpost store in Muncy, which is part of the redevelopment of a former Lycoming Mall property into “The District.” The design approach for The District will “emphasize community character, outdoor heritage and a sense of place.”

Zumiez’s Q1 Tops Guidance, Comps Climb 5.5 Percent

Zumiez Inc. reduced its net loss in the first quarter ended May 3 as same-store sales improved 5.5 percent on strong full-price selling. Sales topped Zumiez’s forecast for the quarter while earnings were in line. 

Vail Resorts Tempers FY Guide on Weaker Lift Ticket Visitation, CEO Transition Costs

The revised guidance reflects the lower than expected lift ticket visitation in the spring that was partially mitigated by the company’s focus on its resource efficiency transformation plan and strong cost discipline. It also now includes an estimated $9 million in one-time costs related to the CEO transition announced in late May.

Lululemon Axes FY EPS Guidance Despite Q1 Beat

The company reported earnings and sales exceeded its guidance in the fiscal first quarter ended May 4, but still trimmed its EPS outlook for the year and provided guidance for the second quarter that was well below analysts’ consensus target.

Adidas Gets Debt Upgrade by S&P on Improving Performance

S&P Global Ratings raised its debt ratings on Adidas due to the brand’s stronger-than-expected deleveraging trend, mainly driven by the group’s sustained momentum in its underlying operating performance and cash flow generation improvements versus  previous forecasts.

MKS Supply’s Kelly Walton Retires

MKS Supply announced the retirement of Kelly Walton after a 28-year career with the importer and distributor of firearms and accessories, including the Hi-Point and Inland Manufacturing brands.

KKR-Backed Bay Club Acquires 425 Fitness

The operator of three fitness clubs in the greater Seattle area (Bothell, Redmond and Issaquah), deepens its presence in the Pacific Northwest. The addition also gives Bay Club 27 fitness clubs across California.

Winnebago Sees Fiscal Q3 Falling Short of Analyst Targets

The maker of motorhomes and towables said it expects earnings and sales for the fiscal third quarter ended May 31 to come in below analyst targets due to “worsening consumer sentiment and an increasingly cautious dealer network in the final two months of our fiscal third quarter.”

PVH Corp. Cuts Annual EPS Outlook

The parent of Calvin Klein and Tommy Hilfiger reported a low-single-digit revenue gain in the first quarter and saw adjusted earnings exceed guidance, but earnings guidance for the year was reduced due to broader weakening sales trends.