K2 Takes Q1 Hit on Higher Operating Expenses; In-Line Weakness Hurts Growth…
K2’s diversification seems to be paying off by balancing the seasonality of the different businesses and compensating for any unseasonable weather-related issues that have been plaguing many other manufacturers. Still, the balance didn’t help the bottom l
Boarding For Breast Cancer Raises $75,000
Boarding For Breast Cancer has just finished a record winter season, bringing in over $75,000 and reaching thousands of young people across the nation through its grassroots “Board-A-Thon” festivals and participation in leading action sports events…
OIA Follows-Up on Capital Hill…
Outdoor Industry Association’s efforts on Capital Hill last week are producing some tangible results with two separate “dear colleague” letters circulating through the House and Senate urging members of Congress to restore funding to the Stateside Land an
Sportsman’s Guide Raises Guidance on Strong Internet Sales
The Sportsman's Guide net sales and fully diluted EPS will be higher than current average estimates and well above the levels reported one year ago. Net sales for the quarter are now expected to be in range of $63 to $64 million, compared with net sa
America Bikes is Making Headway with Congress…
America Bikes sent out a legislative update pointing to several key victories. First, the House TEA-LU bill passed on March 10th. TEA-LU includes many key elements of the America Bikes agenda, such as funding for the Recreational Trails program and a new,
Timberland Nominates Four New Directors
Timberland has nominated four new members to the Company's Board of Directors. Kenneth T. Lombard, Edward W. Moneypenny, Peter R. Moore and Terdema L. Ussery, II will stand for election at the Company's Annual Meeting on May 19, 2005. The Board
Zumiez Prices IPO; Shareholders Will Get 35% of Proceeds…
Zumiez, the 140-door action sports retailer that is gearing up for an Initial Public Offering, filed an amended S-1 with the SEC on Thursday pricing 1.875 million shares in the $15 to $17 per share range. At that range, the IPO would raise between $28.1
Nike Sues adidas in U.S. Court over Stripe Fight…
Nike, Inc., fresh off a ten year battle in Spain that gave them rights to their brand name there, has decided to challenge their top global competition’s recent victories over any company using stripes as decoration on apparel. It will be the Swoosh ver
LaSportiva Diversifies with Trail Running
According to a recent report by the Leisure Trends Group, La Sportiva, with roughly 45% YTD growth in the category, leads the list of fastest growing Trail Running shoes sold in Outdoor Chain Stores, and similar results in Specialty Outdoor shops…
Schutt Sports Gets Capital Infusion for Growth…
Schutt Sports got a shot in the arm last week as private equity firm Gridiron Capital LLC took a majority stake in the team sports company. There are no changes planned for the company and Julie Nimmons will remain at the helm of Schutt…
Sportsman’s Guide Raises Guidance on Strong Internet Sales
The Sportsman's Guide raised its guidance this week and net sales and fully diluted EPS will be higher than current average estimates and well above the levels reported one year ago. Net sales for the quarter are now expected to be in range of $63 to
Zumiez Prices IPO; Shareholders to Get 35% of Proceeds…
Zumiez, the 140-door action sports retailer that is gearing up for an Initial Public Offering, filed an amended S-1 with the SEC on Thursday pricing 1.875 million shares in the $15 to $17 per share range. At that range, the total raised in the IPO would b
Deckers Shows Solid Q1 Performance, But Cracks Beginning to Show; Shares Fall…
Despite hitting its estimates for sales and earnings for Q1, Deckers saw its shares plunge more than 25% last week after the company started to show some weakness in its core Teva business. Analysts may also be spooked a bit by the reliance placed on the
Callaway Golf’s Q1 Takes a Bigger Hit in the International Markets…
Callaway Golf Company took its medicine from the Street two weeks ago when it pre-warned that sales and earnings for the first quarter would fall well short of expectations. Callaway delivered its bad news for the quarter in earnest last week, revealing
Acushnet Q1 Sales Growth Tempered by New Product Intro Shift…
Fortune Brands reported a record first quarter for its Acushnet Golf division, which includes the Titleist, Cobra, and FootJoy brands, as sales for the period increased 1.0% to $343 million, compared to $338.9 million in the year-ago period. Sales had ju
