SGB Update

The Buckle Sees Q1 Net Income Fall 22 Percent As Comp Decline 9.2 Percent

The Buckle, Inc. reported that net income for the fiscal quarter ended April 29, 2023 was $42.9 million, or 87 cents per share, or 86 cents per share on a diluted basis. Comparable store net sales decreased 9.2 percent from comparable store net sales for the prior-year period.

Let Me Run Names Executive Director

Let Me Run named Richard Sexton as executive director, effective immediately, replacing Emily Battle who has held the position for the nonprofit since 2019.

Canada Goose To Open Three U.S. Stores

Canada Goose plans to open three new U.S. stores in May and June. The stores will open in Las Vegas, NV; Bellevue, WA and Los Angeles, CA, respectively.

Patagonia Names New General Manager EMEA

Patagonia promoted Nina Hajikhanian to general manager of EMEA. Most recently, she was the direct-to-consumer director, leading e-commerce, retail and customer service.

Costco Sees Fiscal Q3 Earnings Miss

Costco Wholesale Corp. reported earnings in the fiscal third quarter ended May 7 that missed analysts’ expectations. Same-store sales excluding the impacts of changes in gasoline prices and foreign exchange were up 3.5 percent.

Hibbett Reduces Full-Year Guidance On Q1 Miss

Hibbett, Inc. reported weaker-than-expected fiscal first-quarter earnings and narrowed its full-year guidance to reflect a more cautious consumer outlook. Mike Longo, President and Chief Executive Officer, “”Our consumers are facing a number of headwinds that range from inflation to concerns over outright job loss.”

Fox Factory Welcomes New CFO

Fox Factory Holding Corp. named Dennis Schemm as chief financial officer, effective June 12. Schemm succeeds interim CFO Maggie Torres, who will retire when Schemm assumes the role.

Athleta’s Q1 Revenues Slide 11 Percent

Gap Inc. reported net sales at its Athleta women’s activewear chain fell 11 percent in the first quarter to $321 million. Gap said Athleta’s sales “were impacted by continued product acceptance challenges.”

Deckers Brands Gets Another Big Lift From Hoka In Q4 As Ugg Declines

Deckers Brands reported net sales increased 7.5 percent to $791.6 million in the fiscal fourth quarter ended March 31. On a constant-currency basis, net sales increased 10.2 percent. Hoka brand net sales increased 40.3 percent while Ugg brand net sales decreased 2.7 percent.

Lolë Acquires Époque Évolution

Lolë, the Montreal-based activewear and outerwear brand, reported it acquired Époque Évolution a sustainability-focused women’s apparel brand based in San Anselmo, CA.