SGB Update Sportsmans
Asics H1 Sales Climb 14% But Net Drops 9%
Asics reported revenues rose 14.2% in the first half ended Sept. 30 to ¥124.21 billion ($1.17 bn) from ¥108.74 billion ($912.3 mm) but net income slid 9.0% to ¥7.54 billion ($71.1 mm) from ¥8.29 billion ($69.6 mm). Gross margins eroded to 42.9% of sales f
Christy Sports Celebrates 50 Years of Business
Christy Sports said it's celebrating its 50th year of operation with special discounts, giveaways and an end-of-season anniversary ski party. Said Keith Liefer, COO of Christy Sports, “It's our birthday and we want to make sure that our custome
OIA Weighs Pros and Cons of Democratic Victory
After its first election, the Outdoor Industry Association’s Political Action Committee is batting 811. Nine of 11 incumbent Congressional candidates it backed in last week’s election were re-elected. The PAC has raised roughly $25,000 so far this year fr
Sport Supply Group Reports Record Q1
Sport Supply Group, Inc. reported record sales of $73.6 million and a diluted EPS of 35 cents for its first quarter ended Sept. 30, 2008, despite an increasingly troubled economy. Net sales grew 4.6% from $70.4 million to $73.6 million while net income gr
Backcountry Launches Affiliate Program for ODAT sites
Backcountry has launched an affiliate program to compensate owners of other Web sites for promoting its online “One Deal at a Time,” or ODAT sites. Under the program, affiliates can earn $5 for every new customer they refer to SteepandCheap.com (outdoor),
Weyco Group Earnings Fall 18.6%
Declining sales and rising costs contributed to an 18.6% decline in third quarter earnings for Weyco Group Inc. The manufacturer of men's shoes said net income fell to $4.34 million, or 37 cents a share, from $5.33 million, or 45 cents, last year. Sa
Escalade Suffers Q3 Loss on Drop in Sporting Goods Revenues
Escalade, Inc.'s revenues for the third quarter dropped 32.8% to $40.8 million from $60.7 million in the prior year. ESCA posted a net loss of $1.4 million, or 11 cents per share, compared to net income of $3.1 million, or 24 cents, in the prior yea
Cybex Announces 1 Million Share Stock Repurchase Program
Cybex International, Inc.'s board of directors has authorized the repurchase of up to 1 million shares of its common stock. The repurchases may be in the open market or through privately negotiated transactions and will depend upon various factors, i
Oakley Boosts Luxottica in Tough Third Quarter
Luxottica Group S.p.A. saw net sales increase 12.8% (at constant exchange rates) to reach €1.21 billion ($1.54 billion) in the third quarter, due in large part to the company’s acquisition of Oakley 11 months ago…
Timberland Work Boots and Smartwool Buoy Weak Q3
The Timberland Co. reported revenues declined 2.2% to $423.6 million in the third quarter ended Sept. 26 as declines in Timberland brand apparel were partially offset by currency translation, strong growth in Timberland PRO series work boots and SmartWool
SCARPA Centralizes U.S. Headquarters
Just two years after taking over its U.S. operations, SCARPA North America is taking its fulfillment operations in-house and consolidating its warehouse, shipping/receiving facilities and warranty/repair division at it new headquarters located in Boulder,
Billabong Raises Guidance Due to Falling Aussie Dollar
Billabong International upgraded its guidance due to the benefits of a falling Australian dollar. At the company's annual general meeting in Australia, Billabong CEO Derek O'Neill said that Billabong now was forecasting earnings per share growth
Escalade Suffers Q3 Loss; Sporting Goods Revenues Drop 39.8%
Escalade, Inc.'s revenues for the third quarter dropped 32.8% to $40.8 million from $60.7 million in the prior year. A net loss of $1.4 million, or 11 cents per share, compared to net income of $3.1 million, or 24 cents, in the prior year…
Volcom Revenues Increase 23% in Q3
For the 2008 third quarter ended Sept. 30, 2008, Volcom, Inc. had total consolidated revenue increase 23% to $111.7 million, compared with $91.0 million in the third quarter of 2007. Total revenue in the company’s U.S. segment, which includes revenue from
Skechers USA Lowers Q4 Guidance on Weakening
Although international remains a strong spot for Skechers USA, weakening sales in the U.S. prompted the company to lower its fourth quarter guidance. SKX now expects fourth quarter sales in the range of $305 million to $320 million, and EPS in a range of
