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  May 4, 2016
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VF Corp.'s Q1 Tops Estimates

VF Corp' earnings slid 9.9 percent in the first quarter to $260.3 million, or 61 cents a share, but exceeded Wall Street's consensus target of 59 cents. The company retained its guidance for the year. Among its major brands on a currency-neutral basis, The North Face grew 8 percent while Vans gained 2 percent and Timberland increased 3 percent... Click for Full Story >>>

More From Inside the Active Lifestyle Market:

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APPAREL

FOOTWEAR

HOOK/BULLET

OUTDOOR

SPORTS/FITNESS

Adidas Group, in line with an update provided last week, reported first-quarter earnings from continuing operations jumped 38 percent on a 16.8 percent sales gain. On a currency-neutral basis, sales grew 22 percent, led by a 26 percent gain for the Adidas brand. The big news was that it had decided to sell the TaylorMade brand, as well as Adams and Ashworth golf brands...(5/4/2016)

 

Surftech, the maker of surfboards, announced that industry veteran John Vance will be joining the company as CEO starting May 9...(5/4/2016)

 

Olin Corporation reported Winchester sales for the first quarter 2016 were $183.7 million compared to $156.7 million in the seasonally weaker fourth quarter 2015. Growth was driven primarily by increased shipments to commercial customers...(5/4/2016)

 

Big 5 Sporting Goods swung to a loss in the first quarter as same-store sales dipped 1.9 percent as warm weather and going-out-of-business sales by bankrupt competitors reduced sales and margins...(5/3/2016)

 

Under Armour said Henry Stafford, chief merchandising officer, left the comapny after six years and has been replaced by Kip Fulks on an interim basis. Chief Digital Officer Robin Thurston is also leaving the company...(5/3/2016)

 

Wolverine Worldwide reported first quarter earnings on an adjusted basis slid 18 percent, but that revenue and earnings exceeded expectations thanks in part to recent initiatives including its decisions to...(5/3/2016)

 

Academy Sports + Outdoors named Thomas "Tom" Lamb, formerly at Lowe's, to the position of executive vice president and chief marketing officer, effective May 23, 2016...(5/3/2016)

 

Livall, the leading designer and producer of smart bicycle riding systems, is establishing its US distribution network and will begin offering its equipment to U.S. cyclists...(5/3/2016)

 

Abom Inc. has signed an R&D agreement with Oregon State University (OSU) School of Chemical, Biological and Environmental Engineering (CBEE) to develop...(5/3/2016)

 

CCM Hockey, which is owned by Adidas, extended its helmet testing agreement with the Neurotrauma Impact Science Laboratory at the University of Ottawa by three years...(5/3/2016)

 

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