SGB Update

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

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