SGB Update Sportsmans
Wolverine World Wide Accelerates Transformation Plan as Q3 Plummets
The acceleration of the initiatives comes as the company reported dismal third quarter results that reflected an ongoing business that was down in strong double digits across most of the enterprise.
Yeti Lifts EPS Outlook on Strong Margins and Drinkware Strength
Yeti Holdings, Inc. raised its EPS guidance for the year after seeing margins in the second quarter top expectations, expanding over 600 Basis Points. Q2 Sales were flat as a 6 percent gain in drinkware sales offset a recall-related decline in cooler sales.
NRF Economist: Holiday Sales Will Have a ‘Whole New Set of Dynamics’
NRF Chief Economist Jack Kleinhenz said job gains have “slowed but not tumbled,” with payrolls climbing by 150,000 positions in October and the three-month moving average at 204,000 despite downward revisions for August and September.
MasterCraft Maintains Full-Year Outlook as Selling Season Comes to Close
Management said the company delivered better-than-expected results despite continuing macroeconomic and demand uncertainty. With the summer selling season now complete the company is focused on rebalancing dealer inventories with anticipated retail demand.
XS Sights Appoints Marketing Manager
XS Sights, the manufacturer of sights for handguns, hired Jeff King as marketing manager. Before joining XS, King was the director of marketing for Triumph Systems.
Under Armour Lowers Revenue Outlook on Continued North American Weakness
Under Armour, Inc. reduced its revenue forecast for its fiscal year due to continued softness in the North American marketplace while raising its margin targets. The adjustments came as UA sales and earnings in its fiscal second quarter, which ended September 30, arrived ahead of analyst expectations.
Clarus Lowers Outlook for Second Straight Quarter
Profits at Clarus Corp. fell 41.2 percent on an adjusted basis in the third quarter ended September 30 as sales declined 13.5 percent. By segment, sales were down 2.9 percent in Outdoor (Black Diamond, Pieps) and plunged 45.0 percent in Precision Sports (Sierra, Barnes) while gaining 8,6 percent in Adventure (Rhino-Rack, Maxtrax).
Mystery Ranch Appoints New East Coast Sales Agency
Mystery Ranch hired Brandywine River Reps to lead sales in the Mid-Atlantic and New England regions. BRR represents outdoor speciality gear brands to specialty retailers.
Foundation Outdoor Group Opens European Headquarters
Foundation Outdoor Group, the seller of fishing rod and tackle gear based in Oviedo, FL, opened a European headquarters and distribution center called Outdoor Group Europe AB in Halmstad, Sweden to spearhead growth in the region.
Pard Optics Expands Nationwide Coverage with Odle Sales
Pard Optics announced that it increased the territory that Odle Sales serves for the company to now include the entire United States.
Pnuma Outdoors and Heated Core Appoints Director of Sales
Pnuma Outdoors and Heated Core hired Mike Meiran as director of sales. Most recently he worked at Kinsey’s Archery Products in various roles for the company’s private label brands and OEM division.
Solo Brands Delivers 8 Percent Q3 Revenue Growth On Wholesale Boost
Solo Brands Inc. reported significant improvement in adjusted earnings in the third quarter ended September 30 as sales advanced 8.0 percent, led by wholesale channel gains. The company, based in Grapevine, TX, reiterated its outlook for the year.
Free Fly Taps Former Quiksilver VP to Run Global Wholesale Effort
An industry veteran and advocate for surfing, Reilly brings his “knowledge, enthusiasm and connections within the surf industry to his new role.”
Smith Optics Gives Nice Lift to Parent Co. in Third Quarter
At constant-currency exchange rates, the company’s sales decreased 3.9 percent in Q3, improving from the 6.6 percent decline recorded in Q2, which was said to be mainly due to the return to growth of the Smiths Sports business in North America.
Grand Rapids’ Al & Bob’s Sports to Close
Al & Bob’s Sports, the hunt & fish shop in Grand Rapids, MI, is closing after more than five decades.
