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  Jul 24, 2014
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Today's Top Story:

VF Outdoors & Action Revenues up 16 Percent in Q2

VF Corp.'s Outdoor & Action Sports revenues increased 16 percent in the second quarter ended June 28, driven by an 11 percent increase in The North Face brand revenues, a 21 percent increase in Vans brand revenues, and a 19 percent increase in Timberland brand revenues. The performance puts the company on track for another record year. VF Corp.'s direct-to-consumer revenues reached 26 percent of total revenues in the quarter compared with 23 percent in the 2013 period... Click for Full Story >>>

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Amer Sports, which owns the Salomon, Wilson, Arc'teryx, Mavix and Suunto brands, announced the next phase of its restructuring would focus on its Ball Sports segment after reporting charges at its Wilson brand caused it to swing to a loss on higher revenue in the second quarter...(7/24/2014)

 

Jarden Corp reported net sales at its Outdoor Solutions segment grew 12.8 percent in the second quarter ended June 30 compared with the same quarter a year ago. That was more than six times faster than sales, which increased 1.9 percent from a year earlier. The segment includes results rom Coleman, K2, Marmot, Penn, Rawlings and 22 other camping, fishing, snowsports and outdoor and athletic brands...(7/24/2014)

 

Under Armour, Inc. reported revenues increased 34 percent in the second quarter of 2014 to $610 million led by a 35 percent gain in apparel and 34 percent hike in footwear revenues. Net income in the second quarter of 2014 of $18 million was unchanged compared with the prior year's period, largely reflecting the planned timing of marketing and innovation expenses. The company again raised its guidance for the year...(7/24/2014)

 

Cabela's Inc. reported second-quarter earnings slid 2.3 percent to $43.5 million, or 61 cents a share, but results came in well-ahead of Wall Street's consensus estimate of 51 cents a share. Comparable store sales decreased 14.2 percent... (7/24/2014)

 

Brunswick Corporation reported sales 4 percent in the second quarter. The gains were led by its Fitness segment, with sales climbing 7 percent; followed by Marine Engine, ahead 4 percent; and Boat segment, up 3 percent. On a GAAP and as adjusted basis, operating earnings increased 3 percent from second quarter 2013...(7/24/2014)

 

West Marine Inc. lowered its guidance for the year after disappointing second quarter. Second-quarter earnings were down 17.7 percent to $$18.3 million, or 75 cents a share, short of Wall Street's consensus estimate of 86 cents a share. Comparable-store sales slipped 0.7 percent...(7/24/2014)

 

Skechers USA, Inc. reported second quarter sales jumped 37.1 percent to $587.1 million, led by double-digit increases in its domestic wholesale business and its international wholesale business as well as a 13.9 percent same-store hike at its company-owned retail stores. Earnings grew more than four-fold to $34.8 million, or 68 cents... (7/23/2014)

 

Timberland promoted Stewart Whitney to brand president effective Oct. 5, 2014. Whitney led Timberland’s growth in the Asia Pacific region since 2008. He will report to Patrik Frisk, who has held the position since the brand’s 2011 acquisition by VF Corp. In April, Frisk was promoted to coalition president, Outdoor Americas for VF...(7/23/2014)

 

AVEX, makers of performance water bottles and travel mugs, announced an acquisition by Newell Rubbermaid...(7/23/2014)

 

Black Diamond, Inc. completed the asset sale of its Gregory Mountain Products, LLC brand for $84.1 million to Samsonite LLC...(7/23/2014)

 

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