SGB Update

Gildan Activewear Sees Modest Sales Growth in Third Quarter

Gildan Activewear, Inc. reported sales grew 2 percent in the third quarter with flat sales in activewear and gains in the hosiery and underwear category. Results were in line with expectations with the sales gains following several quarters of declines. The company, however, now sees sales and earnings landing at the lower end of guidance due to macroeconomic pressures.

Titleist Parent Lifts Annual Earnings Outlook on Golf Club and Ball Strength

Acushnet Holdings Corp., the parent of Titleist and Footjoy, reported net earnings rose 10.6 percent in the third quarter on a 6.3 percent revenue gain. The increases were led by double-digit growth in club sales with with a 6.3 percent increase in balls.  Revenue guidance for the year was reaffirmed and earnings guidance slightly raised.

Report: Authentic and WHP Global Exploring Champion Acquisition

Hanesbrands, the parent company of Champion, has had “wide interest” from parties, including WHP Global and Authentic, in acquiring the brand since the company announced in late September that it was considering a possible sale.

Topgolf Callaway Acquires BigShots Golf

Topgolf Callaway Brands Corp. reported that the company purchased certain assets from Invited, Inc., the largest owner and operator of private golf clubs in the U.S., related to its BigShots Golf business.

Sturm Ruger’s Q3 Sales Decline 13 Percent

Sturm, Ruger & Company, Inc.’s sales declined 13.3 percent in the third quarter, to $120.9 million from $139.4 million a year ago.  Earnings fell 40.4 percent to $7.43 million, or 42 cents a share, from $18.4 million, or $2.13, a year ago.

Vista Outdoor’s Revenues Decline 13 Percent in Fiscal Second Quarter

Vista Outdoor, Inc. reported sales dropped 13 percent in the fiscal second quarter ended September 24 with declines of 19 percent in its Sporting Products segment and 6 percent in its Outdoor Products segment. Earnings and sales results were in line with updated guidance given on October 16.

Nordica Appoints U.S. National Sales Manager

Nordica recently hired Andy Lovell as U.S. national sales manager. He is a 20-year veteran of the active outdoor industry. Most recently, Lovell was the global key accounts manager for W.L. Gore & Associates.

Riddell Extends NFL Helmet Partnership Through 2030 Season

Riddell has inked a 7-year extension of its partnership with the National Football League and will continue to serve as the Exclusive Licensee of Collectible Helmets and an Authorized Supplier of Helmets to the NFL through the 2030 season.

Salvo Technologies Hires President of Salvo Sports Division

Most recently, Keith Enlow was president of Sierra Bullets and Barnes Bullets and Ammunition. Before that, he was the CEO for the U.S. Olympic and Paralympic Shooting teams. He has served in prior senior leadership roles at Remington Ammunition.