SGB Update

JD Sports Appoints New CEO

JD Sports appointed Régis Schultz as its new CEO. Schultz was president of retail for Dubai-based Al-Futtaim Group since 2019.

Under Armour Lowers FY Earnings Guidance On Margin Contraction

Under Armour, Inc. reported first-quarter results that matched profit expectations and slightly topped on revenue. The company maintained its full-year revenue outlook but reduced its earnings outlook amid continued gross margin pressures. On an adjusted basis, EPS is expected in the range of 47-to-53 cents a share compared to the previous expectation of 63-to-68 cents.

Weyco Group Sees 29 Percent Q2 Growth

Weyco Group Inc.’s earnings improved in the second quarter ended June 30 as sales were up 29 percent. Bogs increased 35 percent to represent record second-quarter sales.

Rocky Brands Q2 Sales Expand 23 Percent

Rocky Brands, Inc. reported earnings were down in the second quarter ended June 30 due to lower gross margins tied to supply-chain challenges. Sales grew 23 percent.

Camping World’s Q2 Profits Dip

Camping World Holdings, Inc. reported net income declined 19.5 percent in the second quarter ended June 30 as sales grew 5.2 percent. Gross margins eroded due to the higher cost of vehicles.

Big 5’S Q2 Sales Drop Against Challenging Comparisons

Big 5 Sporting Goods Corp. reported same-store sales fell 22.3 percent in the second quarter ended July 3 against tough comparisons in the year-ago quarter. Sales were below company guidance but both earnings and sales surpassed any pre-pandemic second quarter.

Pentland Brands Announces Director Of Creative

Pentland Brands, the owner of outdoor and lifestyle brands, including Speedo, Berghaus, Ellesse, Canterbury of New Zealand, Mitre, and Endura, hired Paisley Wright as its new creative director.

APL To Open Store In New York City

APL, the Los Angles-based sneaker upstart also known as Athletic Propulsion Labs, is opening its first store in New York City, in Soho, according to TheRealDeal.