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Columbia's Third Quarter Growth Nearly As Balanced as It Is Robust
Columbia Sportswear Company reported net sales grew 29 percent to a record $152.2 million in the third quarter with nearly equal contributions from existing and new businesses. Organic sales growth, led by Columbia and Sorel footwear, generated $73.3 million in incremental sales, while recently acquired Prana and a new joint venture in China accounted for another $78.9 million. The performance as well as strong orders for Spring 2015 prompted COLM to...
Crocs Turnaround Stalls in China
Crocs’ restructuring efforts started to show some pay offs in the Americas and Europe. Unfortunately, its business in China worsened. Operating earnings tumbled 93.8 percent in the third quarter to $1.1 million after $17.4 million in restructuring and reorganization charges...(10/31/2014)
Garmin Affirms Full-Year Margin Forecast Despite Lower Q3 Operating Margins
Garmin Ltd. reported operating margins declined at its fast growing Fitness and Outdoor segments as it cranked up spending on advertising and research to stay ahead of the game in the fast growing, but increasingly crowded wearables market...(10/31/2014)
Shimano Results Indicate US Bike Sales Rebounded Strongly in Third Quarter
Sales at Shimano's Bicycle Components segment grew by 33.2 percent during the third quarter, indicating U.S. bike dealers recovered many of the sales lost in the second quarter, when cold and wet winter weather lingered longer than usual across much of the country. The Japanese company said the weak yen continues to propel strong demand for its bicycle components and fishing gear and upped its forecast for 2014 sales and earnings for the second time this year...(10/31/2014)
Vista Outdoor Inc. Spin-Off in Doubt Following Virginia Rocket Explosion
The spectacular failure of an unmanned space rocket in Virginia Oct. 28 could kill Alliant Teksystems Inc.'s plans to spin off its Outdoor Sports segment, which includes Bushnell and a host of firearms and ammunition brands...(10/31/2014)
Sequoia Capital Invests in Strava
Strava, the social fitness app that has become popular in the road cycling community, has raised $18.5 million in a Series D funding round with help from Sequoia Capital, a venture capital fund whose more recent successes include Instagram, WhatsApp and Square...(10/30/2014)
Big 5’s Q3 Net Down; Sales Trends Improving
Big 5 Sporting Goods reported a modest decline in third-quarter earnings due to continued softness in demand for firearms, ammunition and related products and the promotional retail climate. But sales turned positive in the second half of the quarter and earnings came in ahead of its guidance...(10/29/2014)
Iconix Brands Q3 Benefits from Global Expansion
Helped by gains across its portfolio of fashion and sports brands, Iconix Brand Group reported earnings rose 22.0 percent in the third quarter, to $37.2 million, or 58 cents a share. The top-line growth reflected positive results across its women's, home, and entertainment businesses, but the gains were led by double-digit growth across its international portfolio...