NRF: Holiday Spending on Track for Steady Growth Amid ‘Mixed Signals’ on Economic Data
NRF Chief Economist, Jack Kleinhenz, reported in the November Issue of the NRF’s Monthly Economic Review, that it continues to expect steady sales growth for the winter holiday season despite contradictions in the latest economic indicators.
The Buckle’s October Comps Show Slight Gain
Buckle, Inc. reported that comparable store net sales for the 4-week period ended November 2 and increased by 0.6 percent year over year. Net sales increased 0.1 percent to $87.9 million from $87.8 million a year ago.
Caleres Adds Two Board Members
The parent of Famous Footwear has added Kyle Gendreau, CEO of Samsonite International S.A. and Molly Langenstein, former CEO of Chico’s FAS, to its board, bringing the total to twelve members.
Lancer Systems Adds New Sales & Marketing Manager
Molly Teutimez joins Lancer with over ten years of experience in sales management, marketing and operational sales, most recently having worked for American Outdoor Brands.
HanesBrands Raises EPS Outlook On Improving Q3 Profitability
HanesBrands Inc. raised its earnings guidance for the year after reporting third-quarter sales reached the mid-point of its expected range with operating profit and EPS arriving at the high-end of targets.
Steve Madden Posts DD Revenue Increase on Boost from Almost Famous in Q3
Steven Madden, Ltd. reported third quarter revenue increased 13.0 percent to $624.7 million, compared to $552.7 million in the Q3 period of 2023. Revenue for the Wholesale business was $495.7 million, a 14.4 percent increase compared to the third quarter of 2023. Excluding the newly acquired Almost Famous, Wholesale revenue increased 4.8 percent. Gross profit […]
Titleist Golf Club Sales Strength Offsets Softer Ball Sales in Q3 at Acushnet Holdings
Acushnet Holdings Corp. reported sales grew 5 percent in the third quarter as strong double-digit gains at Titleist golf clubs offset a slight decline in Titleist golf balls. The firm reiterated its guidance for the year.
Solo Brands Logs Deep Q3 Loss on Terminated Marketing Contract, Impairment Charges
Solo Brands, Inc. posted a net loss of $111.4 million in the third quarter due to costs related to the termination of an underperforming marketing agreement, impairment charges for IcyBreeze and an impairment charge related to its declining stock price—results excluding the adjustments aligned with expectations with sales down 15 percent.
Merrell and Saucony Post Above-Plan Q3 Sales; Parent Lifts FY Guidance
Wolverine World Wide, Inc. raised its revenue and earnings guidance for the year after sales in the third quarter, which exceeded company expectations, driven by above-plan performances from Merrell and Saucony. Gross margins expanded 450 basis points on significantly lower inventory levels.
Canada Goose Posts Q2 Net Income Increase Despite Revenue Decline, Lowers Outlook
The company saw fiscal second quarter revenue decrease 5 percent to CN$267.8 million in the period ended September 29, a 6 percent year-over-year decline on a constant-currency basis.
Planet Fitness Increases 2024 Revenue and Adjusted EBITDA Outlook
The company’s third-quarter total revenue increased 5.3 percent to $292.2 million from $277.6 million in the prior-year Q3 period, including system-wide same-club sales growth of 4.3 percent.
Vista Outdoor’s Q2 Sales Slide 1.6 Percent as Ammo Growth Offsets Outdoor Declines
Vista Outdoor Inc. reported sales declined 1.6 percent in the fiscal second quarter ended September 30 as sales declined 3.9 percent at its Revelyst outdoor products segment and inched up 0.5 percent at Kinetic Group. Results were in line with expectations with Revelyst exceeding plan. Vista’s board again unanimously recommended shareholders vote for a deal to sell Kinetic Group with Czechoslovak Group (CSG).
Traeger, Inc. Halves Q3 Adjusted Net Loss on Strong Grills Revenue Growth
North America revenue increased 10.4 percent year-over-year in the third quarter. Rest of World revenues decreased 40.1 percent in the third quarter compared to the prior-year third quarter.
Allbirds Resets Distribution Agreements for Europe and Latin America
Allbirds, Inc. signed distribution agreements with Chris Sports in Europe and Wystam in Latin America. The company has now signed distribution agreements with 11 companies globally.
Allbirds’ Sales Decline 25 Percent In Third Quarter
Allbirds, Inc. logged a loss of $67.6 million in the third quarter as sales fell 25 percent, in line with guidance. The footwear maker slightly improved its earnings guidance for the year while lowering its sales targets.
