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  Apr 24, 2014
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Today's Top Story:

Under Armour Lifts FY Guidance on Strong Q1

Under Armour, Inc.'s net revenues jumped 36.0 percent in the first quarter of 2014 to $642 million, representing a sixteenth straight quarter of at least 20 percent top-line growth. Net income surged 73.3 percent in the first quarter of 2014 to $13.5 million, or 6 cents a share, exceeding Wall Street's consensus estimate of 4 cents a share. UA also slightly raised its outlook for the year... Click for Full Story >>>

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Amer Sports reported net sales increased 6 percent currency-neutral in the quarter ended March 30, but said earnings before income taxes fell nearly 22 percent as the euro continued to rise against other currencies. The Finnish company said a mild winter in Europe hurt cross country sales and that a fall in the value of the Russian currency hurt margins...(4/24/2014)

 

A group of strategic and financial investors led by Bernard Mariette, CEO & President of Coalision Inc., have purchased a majority interest in Coalision from Kilmer Capital Partners. This investment will enable Coalision's growing activewear brand Lol to expand its retail and web business internationally as well as its global wholesale business...(4/24/2014)

 

Accell Group N.V. told shareholders Thursday that sales and profits improved in the first months of 2014 compared with the same period of 2013 as favorable weather in Europe stimulated sales of its bicycles...(4/24/2014)

 

Adidas is shifting some production away from Yue Yuen's factory in Dongguan, China, where a strike has lasted 9 days. Adidas said in a statement released to media outlets, “In order to minimize the impact on our operations, we are currently reallocating some of the future orders originally allocated to Yue Yuen Dongguan to other suppliers.”...(4/24/2014)

 

To help kick off Camp Sunshine’s 30th anniversary, the New Balance Foundation has offered a $300,000 challenge matching all gifts from new and returning donors to encourage support for the national retreat in Maine for children with life threatening illnesses and their families... (4/24/2014)

 

Lost Surfboards has named surf industry veteran Dave Lester as its first general manager to oversee day-to-day operations. He joins the company from Quiksilver, where...(4/24/2014)

 

West Marine Inc. reported net revenues were $113.3 million in its first quarter ended Mar. 29, a decrease of 0.8 percent compared to last year. Comparable store sales decreased by 1.7 percent. The net loss in the period widened slightly to $11.0 million, or 46 cents a share, from $9.7 million, or 41 cents, a year ago...(4/24/2014)

 

Callaway Golf Company reported its first-quarter showed a 22 percent increase in sales, driven by double digit growth in woods (+33 percent), irons (+29 percent), and golf balls (+24 percent). Additionally, income from operations increased 54 percent to $62 million and fully diluted earnings...(4/23/2014)

 

Recon Instruments has landed an investment from Motorola Solutions Venture Capital, the strategic investment arm of Motorola Solutions, which is interested in commercializing Heads-up Display (HUD) technology Recon developed for goggles and other sports applications...(4/23/2014)

 

Rocky Brands, Inc. reported first quarter net sales increased 22.5 percent to $65.8 million versus net sales of $53.7 million in the first quarter of 2013. The company reported first quarter net income of $723,788, or 10 cents a share, slightly down compared with net income of $892,096, or 12 cents, a year ago...(4/23/2014)

 

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