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Big 5’s Q3 Net Down; Sales Trends Improving
Big 5 Sporting Goods reported a modest decline in third-quarter earnings due to continued softness in demand for firearms, ammunition and related products and the promotional retail climate. But sales turned positive in the second half of the quarter and earnings came in ahead of its guidance...(10/29/2014)
Iconix Brands Q3 Benefits from Global Expansion
Helped by gains across its portfolio of fashion and sports brands, Iconix Brand Group reported earnings rose 22.0 percent in the third quarter, to $37.2 million, or 58 cents a share. The top-line growth reflected positive results across its women's, home, and entertainment businesses, but the gains were led by double-digit growth across its international portfolio...
Timberland and VF Outdoor Americas President Frisk Departs for Aldo Group
Timberland President Patrik Frisk is leaving VF Corp. to take a position as CEO of the Canadian fashion footwear retailer Aldo Group, according to wire reports...(10/26/2014)
West Marine's Lifestyle Sales Up Double Digits in Third Quarter
West Marine Inc.'s will accelerate a store revitalization program to accommodate more of the apparel, footwear, paddle sports, personal electronics and other lifestyle products after sales of those categories grew at double-digit rates in the third quarter. The company has expanded its selection of such merchandise in a bid to evolve from a supplier of boat parts and accessories into a retailer catering to the broader lifestyle needs of those who recreate on or near the water...(10/26/2014)
Under Armour Sees Hyper Growth Slowing Down
Under Armour delivered another blowout quarter with revenues jumping 29.7 percent and net income ahead 22.4 percent. The third-quarter performance again led the company to raise its targets for the year. But getting much of the attention was its initial forecast for 2015, which calls for net revenues and operating income to each grow approximately 22 percent – its slowest growth rate since recession-plagued 2009...(10/25/2014)
Disappointing Q3 Gun, Ammo and Apparel Sales Prompt Cabela's to Slash Earnings Guidance
Cabela's Inc. tumbled Thursday after it dramatically lowered its guidance for full-year earnings per share, citing disappointing third quarter sales of firearms and apparel...
Callaway Golf Sees Annual Profit, Golf Industry Stabalizing
While sales still declined, Callaway Golf Co. trimmed its net loss in the third quarter, raised its EPS guidance for the year, and reiterated its vow that it expects to post its first annual profit this year since 2008. Said Chip Brewer, Callaway’s president and CEO, on a conference call with analysts, “Despite challenging market conditions, Callaway Golf continued its trend of improved market share, tour success and operating efficiencies”...(10/24/2014)
Jarden Outdoor on Pace to Flatline in 2014 After Tepid Third Quarter Growth
Jarden Corp. reported revenues at its Outdoor Solutions (JOS) segment, which owns Coleman, K2, Marmot and 24 other sporting goods brands, grew just 1.3 percent in the third quarter ended Sept. 30, putting it on pace for flat sales this year...(10/24/2014)