The Latest News...
Callaway Golf Cuts Q3 Loss
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)
Amer Sports Softgoods, Precor and Suunto Brands Powered Third Quarter Growth
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 Outdoor Reports Flat Q3 Operating Margins
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)
Under Armour's Q3 Revenues Jump 30 Percent
Under Armour, Inc. reported revenues increased 30 percent in the third quarter to $938 million. Sales grew 26 percent in apparel, 50 percent in footwear, and 32 percent in accessories. Net income increased 22 percent to $89 million, or 41 cents a share, million, slightly above Wall Street's consensus estimates and the company again raised its guidance for the full year...(10/23/2014)
Cabela's Q3 Profit Climbs Despite Comp Drop
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...
Foot Locker Foundation, Inc. Unites Athletic Industry for 14th Annual On Our Feet Fundraising Gala
The Foot Locker Foundation joined together with members of the athletic industry, as well as its business partners, on Tuesday, Oct. 21, at New York City's Gotham Hall for the 14th annual "On Our Feet" fundraising gala. Celebrities attending the event included JR Smith (NY Knicks Guard), Derek Fisher (NY Knicks Head Coach), Darryl Strawberry (Baseball Legend), and Kyra Sedgwick (Actress)...
SIA Releases State of the Industry Video Series
SnowSports Industries America has released its State of the Industry Video series reviewing the 2013/14 snow sports season, which was marked by $3.6 billion in sales and extraordinary weather patterns...(10/23/2014)
West Marine's Q3 Earnings Slide 25 Percent
West Marine reported net revenues were $196.5 million, an increase of 1.6 percent compared to last year. Comparable store sales increased by 0.6 percent. Earnings slumped 24.6 percent to $4.9 million, or 20 cents a share, from $6.5 million, or 26 cents, a year ago...(10/23/2014)