Brooks Promotes Dan Sheridan To President
Following a record-breaking 2021 when Brooks Running exceeded $1 billion in annual revenue for the first time, the company announced that Dan Sheridan would assume a new president and chief operating officer role, partnering with CEO Jim Weber, to support continued growth for the brand.
ABG Partners With New Guards Group For Reebok Europe
Authentic Brands Group announced it has formed a long-term strategic partnership with New Guards Group, owned by Farfetch, for Reebok’s European businesses, luxury collaborations and premium distribution.
Superfeet Hires New CFO; Announces VP Level Promotions
Superfeet announced it hired a new chief financial officer, Cambria Schmidt, to support the company’s domestic and international growth.
Under Armour Announces $500 Million Stock Buyback Program
Under Armour Inc. announced that its Board of Directors has authorized the repurchase of up to $500 million of Under Armour’s outstanding Class C common stock, effective immediately.
Sturm, Ruger Shows Slight Decline In Q4 Sales
Sturm, Ruger & Company, Inc. reported sales eased 0.8 percent in the fourth quarter while gaining 28.4 percent in the year.
Gildan Activewear’s Q4 Revenues Climb 14 Percent
Gildan Activewear Inc. reported sales grew 14 percent in the fourth quarter and 46 percent in the fiscal year ended January 2. Adjusted EPS also improved significantly in both periods and the basics and activewear provided a three-year financial outlook.
Play It Again Sports Parent’s Profits Improve In Year
Winmark Corp., the parent of Play It Again Sports, announced net income for the year ended December 25, 2021 of $39.9 million, or $10.48 per share, compared to net income of $29.8 million, or $7.72, in 2020.
Sportsman’s Warehouse Appoints VP Supply Chain/Omnichannel Operations
Sportsman’s Warehouse Holdings, Inc. announced the appointment of Tom Clement as vice president, supply chain/omnichannel operations. In this newly created role, Clement will lead the distribution, transportation, planning/allocation, and omnichannel operations for Sportsman’s Warehouse.
Allbirds’ Q4 Revenues Climb 23 Percent
Allbirds, Inc. reported a slightly wider net loss in the fourth quarter but adjusted EBITDA showed improvement as gross margins expanded 45 basis points and revenue increased 23 percent. The sustainable footwear brand forecasted growth of 28 percent to 32 percent in the current year.
Brunt Workwear Secures $20 Million Series B Funding
Brunt Workwear, based in Boston, announced it had closed on a $20 million Series B funding round to accelerate growth just 17 months after the company launched.
TJX’s Q4 Results Miss Wall Street Targets
TJX Cos. reported earnings came in well above year-ago levels in the fourth quarter as sales grew 27 percent but results trailed Wall Street’s consensus estimates.
Camping World’s Q4 Sales Expand 24 Percent
Profits at Camping World Holdings Inc. rose 47 percent in the fourth quarter ended December 31 on a 22 percent revenue gain.
Wolverine Worldwide’s Sales Jump 25 Percent In Fourth Quarter
Wolverine Worldwide reported adjusted earnings in the fourth quarter nearly doubled as sales grew 25 percent. Results were slightly ahead of Wall Street targets. Sales grew 35 percent for 2021 and are expected to expand in the range of 15 to 18 percent in the current year.
Puma Scores Record-Breaking Year In 2021
Puma’s fourth-quarter sales climbed 14 percent on a currency-adjusted basis as operating profits showed a slight gain, capping off a year that delivered the highest sales and EBIT (earnings before interest and taxes) in the company history. Puma’s currency-adjusted sales grew 32 percent for the year, and the brand expected at least 10 percent growth in 2022.
Primary Arms Optics Appoints U.S. Field Sales Manager
Primary Arms Optics has announced the promotion of Jeff Scheider to the role of U.S. field sales manager.
