Phoenix Misses Guidance on Military Sales and Flat Organic Growth…
Led by the acquisitions of Altama Footwear, Phoenix footwear boosted its top-line by 110.9% to reach sales of $23.2 million in the second quarter of 2004. Sales at the Trotters, SoftWalk, H.S. Trask, and Royal Robbins brands generated flat organic growth
OR Highlights Green Companies…
Outdoor Retailer will be launching a new program designed to highlight manufacturers who are taking active steps towards making the outdoor industry more eco-friendly. The new ‘Green Steps’ program is designed to raise awareness on sustainability and show
Cascade Designs Delays Stove Delivery…
Cascade Designs sent out a letter to retailers and media late last week announcing that the company will be delaying the delivery schedule for two of the stoves debuted in August at OR Summer Market. The new MSR two-burner stove and capillary technology s
Garmin Exceeds Guidance Despite Production Snafu…
Garmin saw increased demand for its GPS products in the third quarter of 2004 push sales up 43% to $193.6 million from $135.6 million last year. The company was actually having trouble keeping up its production levels and meeting the demand – which result
PUMA Gets International Lift to Post Record Q3…
PUMA looked to the International markets a bit more in the third quarter to help post another record period, counting on the Americas to deliver a bigger piece of the revenue pie as Europe retail continues to challenge the industry. The company said the b
Skechers Swings to Q3 Profit, But Still Disappoints Street…
Skechers reported solid results for third quarter, swinging to a profit versus a year-ago loss, but the company missed analysts’ expectations by 25%, forcing Wall Street to pull the plug and sending SKX shares down 11.4% for the week to close at $11.04 on
Saucony Sees Backlog Slow While Fill-in Grows; Looks to Fix Crossover Product…
Saucony, Inc. posted another stellar quarter in Q3, driven by very strong shipments of mid-priced Crossover and Originals product into the mall channel. While there was cause for celebration for the current quarter, Wall Street pushed shares lower for th
Soffe Again Keeps Delta Out of the Red…
Delta Apparel, Inc. again counted on MJ Soffe for most of its sales increase — and just about all of its operating income — for the fiscal first quarter ended October 2, posting a 94.2% increase in net income for the quarter to $1.1 million, or 34 cents
Russell Corp. Gets Tax Boost to Beat Street; Athletic Business Weaker…
On the surface, it appears that Russell Corporation easily beat analysts’ consensus earnings estimates for the quarter, but the company saw a tax benefit of $4.5 million, or 14 cents per share in the quarter, which reduced earnings to $22.4 million, or 68
Cancel the Bake Sale for Jay Margolis…
We won’t need to hold a benefit for Jay Margolis, who recently resigned as president and COO at Reebok. In a recent SEC filing, Reebok stated that Margolis had resigned “with immediate effect” on 10/20/04 and that the departure would be treated as “termi
Amer Group Sees Golf as Only Drag in Q3; Wilson Gets Nice Boost from Team Sports…
Amer Group reported that third quarter net sales declined 6.4% to €278.7 million ($340.8 mm) from €297.9 million ($335.6 mm) in the year-ago quarter. Net sales declined due to the withdrawal from the tobacco business in March. Foreign exchange rate mo
But Charges Impact Net Income Line…
The Fitness Equipment business, which is built on the Precor platform, increased 19.3% to €50.1 million when measured in Euros, but jumped 29.5% to $61.3 million when measured in U.S. dollars. Third quarter EBIT for the division declined 44% to €4.2 mill
Nautilus’ Direct Biz Still Drives Growth..
The Nautilus Group continues on its three phase “turnaround plan”, which emphasized gaining control of the business, then stabilizing it, and lastly, moving back into growth mode. Gregg Hammann, chairman, president & CEO, said in a conference call with a
K-Swiss Sees International and Fill-in Business Drives Q3 Margins, Profits Higher…
International is playing a bigger role in the success at K-Swiss Inc., a trend that is driving sales higher, building margin, and fueling bottom line gains. Wall Street reacted positively to the trend as they shook off concerns over a declining U.S. orde
Big 5 Gets Lift from Increased Traffic…
Big 5 Sporting Goods achieved a new milestone last week, opening their 300th store on their way to 309 stores by the end of the year. The new San Diego store joined three others in Q3 and one more since the start of the quarter. BGFV saw the additional
