Oakley Sees Health in New Sunglass Models Again; Apparel Showing Strength…
Oakley saw its third straight quarter of earnings growth and is looking at improved sell-through trends of new sunglass styles and lower inventories at Sunglass Hut as the basis for an upward revision of its sales and earnings guidance for the year…
K2 Inc. Adds Two More Brands to Stable; Focuses on Market Share Gains…
K2 Inc. sees flat markets in all of its product categories with the exception of paintball, forcing the company to fight a market share battle for most of its acquired brands while squeezing out incremental profits through its own manufacturing capabiliti
Wolverine Sees Upside Across All Brands in First Quarter…
Wolverine World Wide is tapping into the FX rate upside of the European market in its Merrell business while it repositions Sebago and Hush Puppy for accelerated growth. WWW saw revenues for the first quarter increase 17.4% to $224.9 million from $191.5
SIA: Specialty Retailers Continue to See Price Deflation…
SIA released its second-to-last retail audit, which measures key product sales at specialty and chain stores through the end of February 2004. Overall sales for the entire winter sport market increased slightly by 1.4% in dollars to $2.06 billion for Aug
Take a Gander at this IPO…
Gander Mountain came out strong in its Initial Public Offering last week, posting a share price increase of nearly 51% for the week to close at $24.10 on Friday. The IPO was priced at $16 on Wednesday and raised $91.6 million before fees and will clear $
Acushnet Sees a Stronger Golf Market…
Fortune Brands reported its fourth quarter in the row of top line growth for its Acushnet Golf division, which includes the Titleist, Cobra and FootJoy brands, as first quarter sales increased 20% to $338.9 million from $282.4 million in the year-ago peri
New NSGA Report Sees Mostly Declining Participation Numbers…
Last week the SGMA released their top-line participation report (SEW_0416) which showed some considerable gains in fitness activities, relatively flat participation in many team sports, and gave an upbeat outlook for the world of outdoor recreation. This
Callaway Posts Profit in Ball Operation in Q1; Top-Flite in the Black Already…
Callaway Golf Company saw shares decline 6.7% to close at $18.01 on Friday on a mix of both good news and bad. But the key issue was the company’s shortfall on the earnings per share line — even after stripping away the Top-Flite impact — as ELY missed
Acushnet Q1 Operating Profit Jumps 56% on 20% Sales Gain
Fortune Brands, Inc. reported net income for the first quarter increased 40% to $139.7 million, while diluted earnings per share rose 39% to 92 cents, from 66 cents a year ago. Net sales were up 23% to $1.7 billion, with the Acushnet Golf division, which
Reebok Posts Flat Q1 Profits on Currency Neutral Sales Decline
Reebok International Ltd. reported net income for the first quarter ended March 31, 2004 of $41 million, or 63 cents per diluted share which is comparable to the net income of $41 million, or 63 cents per diluted share reported in the first quarter of 200
NMa orders Accell to pay $15.1 Million Fine for Price Fixing
The Nederlandse Mededingingsautoriteit, or NMa, [Netherlands Competition Authority] announced that Accell Group has been ordered to pay a fine of €12.8 million ($15.1 million) because of an infringement of the law on Competition with regard to alle
Accell Group Posts Solid Q1
Accell Group N.V. announced at its General Meeting of Shareholders that it had a positive first quarter of 2004. The results in Germany still lag the rest of the group. The production facility in Hungary is, as expected, running at full capacity. Also, sa
Skechers Q1 Net Income Off 17.6%, But Still Beats Street
Skeckers USA, Inc. reported that net sales for the first quarter of 2004 rose 6.2 percent to $221.5 million compared to $208.6 million in the first quarter of 2003. Net earnings for the quarter were $7.0 million, or 18 cents per diluted share, versus net
Emu Expands U.S. Presence
EMU Australia has added Michael Fischer and Tiana Phillips to the EMU North American team. In his new role, Fischer will serve as the customer service and product line manager and will assist with product development and design for footwear, accessories a
THULE Extends Envoy Program to the Southeast
Thule has announced the hiring of Chris Roberts as the Southeastern Thule Envoy. Launched in 2003, the Thule Envoy program was created to promote dealer and consumer relations through hosting in-store training, assisting with retailer sales events, and a