Delta Apparel’s Q3 Sales Boosted By Salt Life
Delta Apparel, Inc. reported sales grew 7 percent in its fiscal 2022 third quarter ended July 2, 2022. Net sales in the Delta Group segment grew 3 percent while the Salt Life segment gained 30 percent.
Fox Factory Increases Full-Year Revenue Outlook On Above-Plan Second Quarter
Fox Factory Holding Corp. reported earnings and sales came in ahead of company guidance and the company raised its sales outlook for the year. Sales in the second quarter rose 23.9 percent with a 28.1 percent increase in its Specialty Sports Group segment and a 20.9 percent increase in Powered Vehicles Group sales.
Callaway Golf Lifts Outlook On Robust Double-Digit Q2 Growth
Callaway Golf Company raised its outlook for earnings and sales for the year after reporting second-quarter earnings that topped Wall Street estimates. Sales in the second quarter jumped 22.1 percent, led by Topgolf and its Active Lifestyle segment TravisMathew and Jack Wolfskin.
Gildan Activewear Crushes Analyst Expectations In Second Quarter
Gildan Activewear Inc. reported sales grew 20 percent in the second quarter as activewear sales growth of 27 percent offset an 8 percent decline in underwear and hosiery. Both sales and earnings easily eclipsed Wall Street’s consensus estimates.
Acushnet Raises 2022 Sales Outlook On Robust Second Quarter
Acushnet Holdings Corp. reported second-quarter sales and earnings both easily surpassed Wall Street estimates. The parent of Titleist and Footjoy raised its outlook for sales for the full year while maintaining its profit guidance. David Maher, CEO, said, “The company continues to build momentum.”
Yeti Lowers 2022 Outlook On Weakening Consumer Trends
Yeti Holdings, Inc. reported sales grew 17 percent in the second quarter but both sales and earnings were slightly below Wall Street’s consensus estimates. Yeti also slashed its earnings guidance and lowered its sales guidance for the year due to “macroeconomic conditions and the state of the consumer.”
Crocs’ Q2 Tops Guidance
Crocs, Inc. reported sales and earnings came in above guidance in the second quarter ended June 30 as Crocs brand sales grew 19.4 percent on a constant-currency basis. The footwear maker still slightly lowered its sales and earnings guidance for the year.
Duluth Holdings Appoints SVP, Chief Technology Officer & Logistics
Duluth Holdings Inc., doing business as Duluth Trading Company, announced that AJ Sutera had been appointed senior vice president, chief technology officer and logistics, effective August 15, 2022.
Adidas’ Currency-Neutral Sales Climb 4 Percent In Second Quarter
Adidas AG reported second-quarter results that were somewhat ahead of expectations reflecting continued strong momentum in Western markets and a return to growth in Asia-Pacific. However, a slower-than-expected recovery in Greater China led to a significant reduction in guidance for the year. Results were in line with preliminary results issued on July 26.
Sturm, Ruger’s Sales Drop 30 Percent in Second Quarter
Sturm, Ruger & Company, Inc. announced that for the second quarter of 2022, the company reported net sales of $140.7 million against $200.1 million a year ago, representing a decline of 29.7 percent.
Neiman Marcus Appoints President
Neiman Marcus Group announced that Ryan Ross accepted the position as president of Neiman Marcus, effective August 15, reporting to Geoffroy van Raemdonck, CEO, Neiman Marcus Group.
Compass Diversified’s Q2 Sales Climb 19 Percent
Compass Diversified Holdings reported net sales growth of 19 percent in the second quarter drove record quarterly earnings. The conglomerate raised its full-year outlook given the continued strong performance and PrimaLoft acquisition. “The second quarter marks our sixth consecutive quarter of record financial performance, which is a continued testament to the strength of our management […]
Winmark Announces Governance Changes
Winmark Corp. announced that Paul C. Reyelts had informed the company of his decision not to stand for re-election to its Board of Directors at its next annual shareholder’s meeting in April 2023.
Allbirds Undergoes Layoffs
Allbirds, based in San Francisco, has laid off 23 workers, according to SFGATE.com.
MidwayUSA Appoints Director of Merchandising, Shooting
MidwayUSA’s Ryan Cokerham was recently promoted to director of merchandising, shooting.
