GoPro’s Q3 Revenues Slip, Subcriptions Jump
GoPro, Inc. reported lower profitability on a modest decline in sales in the third quarter ended September 30 but saw a strong uptick in subscriber count.
True Spec To Open Location In San Diego
True Spec Golf has partnered with Fairmont Grand Del Mar to open a location in San Diego.
Cotopaxi Hires Chief Brand Officer
Cotopaxi hired Brad Hiranaga as its chief brand officer. He join the company in September from General Mills where he held the position of chief marketing officer.
Compass Diversified Sees Q3 Adjusted Earnings, Pro Forma Sales Up 15 Percent
Compass Diversified, the parent company to a number of active lifestyle brands, including BOA, 5.11, Primaloft and Velocity Outdoor, among others, posted $597.6 million in net sales in the third quarter, up 22 percent compared to $488.2 million in the third quarter of 2021.
Fox Factory Q3 Sales And Earnings Up Double-Digits
Fox Factory Holding Corp. reported sales for the third quarter increased 17.8 percent to $409.2 million, compared to $347.4 million in the comparable period last fiscal year.
REI Co-op To Open Second Store In New Hampshire
REI Co-op will open a new store in Bedford, NH, in fall 2023; this is the retailer’s second location in the state. The 22,000-square-foot space will be at Market and Main, at 125 S. River Road.
Peloton Posts Wider Fiscal Q1 Net Loss As Revenues Shrink 23 Percent
Peloton Interactive Inc. reported total fiscal first quarter revenue fell 23 percent to $616.5 million for the period ended September 30. Revenues were comprised of $204.2 million of Connected Fitness segment revenue, reflecting a 59 percent year-over-year decrease, and $412.3 million of Subscription revenue, a 36 percent year-over-year increase.
Titleist Parent Posts Strong Q3 Results Despite Footjoy Decline
Acushnet Holdings Corp. reported third quarter net sales of $558.2 million, up 7.0 percent year over year, or up 13.5 percent in constant currency.
The Buckle’s October Comps Inch Up
The Buckle, Inc. reported that comparable store net sales for the 4-week period ended October 29, 2022 increased 1.4 percent from comparable store net sales for the 4-week period ended October 30, 2021.
OR Show, Surf Expo Parent Sees Q3 Revenues Decline 18 Percent
Emerald Holding, Inc. reported a sales decline of 18.4 percent due to the shift in the timing of events in the current year versus the year-ago period.
Gildan Activewear’s Q3 Revenues Advance 6 Percent
Gildan Activewear, Inc. reported that adjusted earnings per share rose 5 percent in the third quarter ended October 2 year over year. Sales advanced 6 percent as a 13 percent increase in activewear sales offset a 26 percent decline in the hosiery and underwear category.
Under Armour Slightly Lowers Full Year Outlook
Under Armour Inc. slightly reduced its EPS and sales guidance for the year despite reporting fiscal second-quarter results that were in line with company expectations and just ahead of Wall Street targets.
Crocs Lifts Guidance As Q3 Results Beat Plan
Crocs Inc. raised its outlook for the year after reporting third-quarter earnings and sales topped guidance. Sales in the quarter jumped 57.4 percent with Crocs brand expanding 14.3 and Heydude surging 87 percent.
Sturm Ruger’s Q3 Sales Slide 22 Percent
Sturm, Ruger & Company, Inc. reported earnings fell about 50 percent in the third quarter as sales declined 21.8 percent.
Vista Outdoor Cuts Outlook On Weakness In Outdoor Products Segment
Vista Outdoor Inc. became the latest firm in the active lifestyle space to reduce its guidance for its fiscal year due to the macroeconomic challenges with sales particularly weakening in its Outdoor Products segment. Second-quarter results came in line with recently updated guidance.
