Vista Outdoor’s Fiscal Q3 Earnings Slump 39 Percent
Vista Outdoor, Inc. reported earnings on an adjusted basis fell 39.2 percent in its fiscal third quarter ended n December 25, as sales declined 5 percent. Sales dropped 13 percent in its Sporting Products segment while gaining 5 percent in its Outdoor Products segment. The company slightly downwardly adjusted its guidance for the year.
Vista Outdoor Board Pushes CEO Metz To Resign
Vista Outdoor Inc. announced that Chris Metz has agreed to resign as CEO and director at the request of the Vista Outdoor Board “based on the Board’s loss of confidence in his leadership for reasons not involving financial reporting or internal controls.” Gary McArthur, a member of the company’s Board of Directors, has been appointed interim chief executive officer, effective immediately.
Costco January Comps Fall 15.4 Percent
Costco Wholesale Corporation reported net sales of $16.84 billion for the retail month of January, the four weeks ended January 29, 2023, an increase of 6.9 percent from $15.76 billion last year.
Unifi’s Fiscal Q2 Sales Plummet 32 Percent
Unifi, Inc. reported a net loss of $18 million in its fiscal second quarter ended January 1 as sales fell 32 percent. Results were in line with a pre-announcement on January 19.
B.A.S.S. Extends Multiyear Sponsorship With Garmin
B.A.S.S. and Garmin renewed their multiyear sponsorship of the Bassmaster Tournament Trail.
Nordstrom’s Debt Ratings Outlook Reduced
S&P Global Rating lowered its outlook on the debt ratings of Nordstrom due to the retailer’s weaker-than-expected performance.
New Era Snags Licensing Deal For Formula E Racing
Formula E and international sports and lifestyle brand, New Era, have entered into a multi-year global licensing deal for a range of fan headwear products with New Era supplying the official podium cap for the first time in motorsport.
SK Guns Names Chief Creative Director
SK Guns named Peter Grillone as chief creative officer, responsible for leading a team of designers, historians and copywriters on the growth of the SK brand.
Brunswick Sees Fast Start On Winter Boat Show Circuit
Brunswick Corp. reported a solid start to the 2023 boat show season, highlighting the “continued market momentum and showcasing of its ACES Innovation strategy.”
American Outdoor Brands Expands Missouri HQ Lease Space
American Outdoor Brands, Inc. will expand the lease at its Columbia, MO headquarters and distribution center, effective January 1, 2024.
Peloton Fiscal Q2 Results Surge Past Wall Street Targets
Peloton Interactive Inc. narrowed its loss in the fiscal second quarter ended December 31, boosted by revenues coming well above Wall Street targets. The connected fitness leader also provided an upbeat outlook and also indicated it no longer intends to sell Precor.
Ugg Parent Sues Walmart For Patent Infringement
Deckers Brands, the parent of Ugg, Hoka and Teva brands, filed a lawsuit in California Central District Court against Walmart, charging the retailer infringed on copyrighted product designs.
Authentic Brands Group And Fleet Street Partner On Frye Outerwear
Authentic Brands Group partnered with wholesaler/retailer Fleet Street to become Frye’s design, manufacturing and distribution partner for outerwear, excluding leather, and swimwear for men and women.
Vimazi Adds Sales Reps In Pacific Northwest And East Coast
Vimazi the maker of pace-tuned running shoes hired REPresents.fun and NJ Athletic Co. to its sales team.
Heimplanet Relaunches In North America
Heimplanet is relaunching in North America to serve outdoor specialty retailers and expand distribution.
