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  Oct 26, 2014
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Today's Top Story:

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”... Click for Full Story >>>

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TRX, the maker of functional training programs and creator of Suspension Training bodyweight exercise, has promoted Paul Zadoff to the role of president where he will head the TRX leadership team in charge of successfully driving the brand’s next chapter of expansion...(10/25/2014)

 

Callaway Golf Company reduced its net loss in the third quarter to $1.1 million, or 1 cent a share, from $22.9 million, or 32 cents, a year ago. Revenues decreased 5 percent to $169 million. The company raised its EPS guidance for the year and continues to expect to post its first annual profit since 2008...(10/24/2014)

 

POC, the Swedish action sport brand owned by Black Diamond Inc., announced that its North American office will relocate from Aspen, CO to Park City, UT in early November...(10/24/2014)

 

Scott Sports has named Fred Bailey as its new Wintersports Hardgoods Sales Manager. Bailey will be handling sales for skis, poles, goggles, boots and accessories in the Scott winter product line...(10/24/2014)

 

Amer Sports reported net sales of €645.8 million ($856 mm) for the quarter ended Sept. 30, up 6.1 percent compared with €608.9 million a year earlier. Net sales increased by 6.0 percent in local currencies. Double-digit growth in sales of Arc'teryx and Salomon apparel and footwear, Precor fitness gear and Suunto instruments more than offset declines at bicycle components maker Mavic and the Ball Sports segment, where Wilson continues to pare SKUs in a bid to grow profitability...(10/23/2014)

 

Jarden Corp. reported slow growth and flat earnings at its Outdoor Solutions segment, which owns Coleman, K2, Marmot and 24 other sporting goods brands in the third quarter ended Sept. 30 from a the year earlier quarter...(10/23/2014)

 

Deckers Brands reported sales increased 24.2 percent in the second quarter ended Sept. 30, to $480.3 million compared to $386.7 million for the same period last year. Sales grew 23.8 percent for Ugg, 14.9 percent at Teva and 3.2 percent at Sanuk. Earnings rose 23.2 percent to $40.7 million, or $1.17 a share. The company raised its guidance for the year... (10/23/2014)

 

Brunswick Corporation reported adjusted operating earnings increased 45 percent in the third quarter on a 13 percent revenue gain. Fitness segment sales, including Life Fitness, and Marine Engine segment revenues, each grew 11 percent. Boat segment sales jumped 22 percent...(10/23/2014)

 

Cabela's Inc. reported net income excluding certain items increased 18.8 percent to $58.3 million on $886.0 million in revenue. Revenue increased 4.1 percent as store expansion offset an 11.2 percent decline in comparable store sales... (10/23/2014)

 

Germany's Schwan-Stabilo Group reported sales at its Outdoor Division, which includes Deuter and Ortovox, grew 13.5 percent in fiscal 2014. Division sales reached...(10/23/2014)

 

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