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Bauer Pulls NHL Bid Despite Strong Fiscal Q4 Results
Bauer, the overwhelming leader in global hockey equipment sales, has dropped out of the bidding for the NHL apparel licensing deal after parent Performance Sports Group Ltd concluded it could create more shareholder value by growing its existing businesses or buying new team sports brands...(8/28/2015)
Smith & Wesson Ups Guidance After Q2 Surprise
Smith & Wesson Holding Corporation nudged up its earnings and revenue guidance for the fiscal year after reporting an unexpected surge in demand that triggered higher production rates and gross margins at its firearms manufacturing plants during the fiscal first quarter ended July 31...(8/28/2015)
Sportsman's Warehouse Reports First Increase in Same-Store Sales
Sportsman's Warehouse Holdings Inc. joined Thursday a chorus of companies reporting better-than-expected earnings due to a turn in firearms sales. The Utah-based retailer reported firearms sales grew 12.2 percent and enabled it to post the first increase in same-store sales since the company went public in April, 2014...(8/28/2015)
Amer Sports Unveils Aggressive Connected Fitness Goals
Amer Sports plans to grow sales of Connected Devices & Services to €600 million by 2020 by connecting everything from Salomon shoes, Precor elliptical trainers, Wilson basketballs and Suunto sports watches into a digital ecosystem that will help customer manage their fitness...(8/28/2015)
Caleres Q2 Sales Soft
Boosted by improved profitabillity at Famous Footwear, Caleres reported second-quarter earnings, excluding a charge for debt extinguishment, rose 22.4 percent, to $22.1 million, or 50 cents per share. Analysts’ consensus estimate had been 44 cents a share. On a conference call with analysts, Diane Sullivan, president, CEO and chairman, said the solid performance came “despite an ever-changing retail environment.”...
Tilly’s Inc. Q2 Earnings Slide
Tilly's Inc. reported second-quarter earnings slumped 55.8 percent to $560,000, or 2 cents a share, hurt by higher expenses. Revenues rose 5.7 percent to $130 million but comparable-store sales inched up only 0.5 percent...(8/28/2015)
Walmart Drops MSRs in Pivot Toward Shooting Clubs
Walmart will return whatever modern sporting rifles (MSRs) and accessories it can’t sell by the end of next week to vendors and replace them with rifles and shotguns, a company spokesman told Sports Executive Weekly Thursday...(8/27/2015)
Billabong Books First Annual Profit in Four Years
Billabong International Ltd. reported a net profit of Australian $4.2 million ($3.0 mm) in its fiscal year ended June 30, rebounding from a loss of AUS$233.7 million in the same period a year ago. Excluding significant items and discontinued businesses, EBITDA for the period was AUS$65.7 million ($46.9 mm), up 8.8 percent on the year-over-year basis. The surf giant returned to full-year EBITDA growth for the first time since 2008 with the first full-year profit since 2011...(8/27/2015)