January 13, 2020
While much of retail had at best a choppy shortened Holiday season, the lulunatics are sailing serenely above the fray with an announcement that it now expects its final quarter to report comp store gains in the mid- to high-teens, bringing total sales to $1.370 to $1.380 billion with EPS of $2.22-2.25 ($292.8 mm).
Finally relieved of the Lids business and with a solid Holiday performance boosted by strong e-commerce gains, GCO told the ICR Conference it would report Q4 at the upper end of its guidance in the range of $4.10-4.40 per share ($62.5 mm).
Sportsman’s Warehouse told an investor audience at the ICR Conference that it sees a strong future in its commitment to firearms and ammunition as some competitors pull back from the category, but that has caused short term headaches due to excess inventory in the market.
Delta Apparel said it now expects revenues for the final quarter of the year, its fiscal Q1, to be approximately $95 million, down 7% from $101.7 million last year, in a presentation at the ICR Conference.
The PE parent of Big Rock Sports is buying the marine and fishing brands owned by Maurice Sporting Goods, along with its distribution business for the segment.
BGFV sales slipped 1% to $244.1 million in the final quarter from $247.1 million last year, but were up 1% to $996.5 million for the year from $987.6 million in 2018.
The teen retailer said that traffic and sales unexpectedly decelerated after a solid Thanksgiving weekend, resulting in total sales for the nine-week period ended Jan. 4 up just 1% to $143.9 million from $142.4 million last year.
Crocs said it expects Q4 revenues to be between $260 and $262 million, up from previous guidance of $245 to $255 million, as it announced preliminary results for the fourth quarter ahead of tomorrow’s appearance at the 2020 ICR Conference.
ZUMZ said that Holiday comps increased 6.8% for the nine-week period ended Jan. 4, lapping a 4.0% increase last year, and it now expects Q4 comps to increase about 6.0%.
The 26-door, Chatsworth, CA-based skate chain, which is owned by OneWorld Star subsidiary APS Global, has been seized by its lender and will auction its remaining inventory and IP on Jan. 22, ShopEatSurf reported.
Cooler and drinkware maker Outdoor Recreation Company of America specializes in league licensed products, and extends MacNeill Pride’s assortment into the lifestyle product market.