SGB Update

Chris-Craft Opens New Manufacturing Facility In Sarasota

Boat manufacturer Chris-Craft, a wholly-owned subsidiary of Winnebago Industries, reported it opened a new manufacturing facility in Sarasota, FL. Building 5 increases the company’s production capacity by 50 percent and spans over 70,000 square feet, allowing for the complete build of boats.

TJX Increases Dividend By 13 Percent

TJX Companies, Inc. announced that its Board of Directors had raised the amount of its quarterly dividend by 13 percent from the last dividend paid.

Compass Diversified Re-Works Board As Sally McCoy Plans Departure

Compass Diversified (CODI), owner of Velocity Outdoor, BOA, Marucci, Primaloft, 5.11, and other businesses in the active lifestyle space, announced that its Board of Directors had nominated a new director candidate for election at its 2023 Annual Meeting of Shareholders on May 25.

Lululemon’s Q4 Profits Drop On Mirror Impairment Charge

Lululemon Athletica Inc. reported a sharp decline in earnings for the fourth quarter due to an impairment charge of $442.7 million related to its Mirror connected-fitness business. Earnings on an adjusted basis grew 31 percent as comparable-store sales jumped 27 percent, topping analyst targets.

Burberry To Acquire Technical Outerwear Factory

Burberry announced plans to acquire a specialist technical outerwear factory from Pattern SpA, a longtime supplier whose business activities include engineering and production of luxury garments. The purchase price is €21 million ($23 mm).

Ammo, Inc. Extends Share Repurchase Plan

Ammo, Inc.’s Board of Directors approved extending its share repurchase program for up to $30 million of its outstanding common stock until February 2024.

PVH Corp Flys Past EPS Guidance In Q4

PVH Corp., the parent of Tommy Hilfiger and Calvin Klein, fourth-quarter earnings were down due to higher costs and increased promotion as sales on a currency-neutral basis climbed 8  percent. Earnings came in well ahead of company guidance.

K-Swiss To Sponsor Pickleball Slam

K-Swiss reported it signed on as a sponsor of the 2023 inaugural Pickleball Slam on April 2 at the Hard Rock Live at the Seminole Hard Rock Hotel & Casino in Hollywood, FL.