September 09, 2021 Academy Sports Ups Guidance After Record Q2
Net income improved 14% to $190,510,000 in the second quarter from $167,676,000 last year as revenues climbed 12% to a record $1,791,530,000 from $1,606,420,000, including comp stores sales growth of 11.4% on top of 27.0% last year. Zumiez Sees High-Teens Revenue Gains for 2021
The bottom line dwindled by 5% to $23,998,000 in the second quarter from $25,392,000 last year despite a sales increase of 7% to $268,666,000 from $250,392,000 that was also up 18% from 2019. American Outdoor Brands’ Wholesale Drives FQ1 Gains
Net income increased 93% to $3,457,000 over $1,789,000 on revenues that gained 20% to $60,768,000from $50,468,000 for the fiscal first quarter ended July 31. Dick’s Sees Sustained Momentum Despite Supply Chain Issues
Dick’s plans to build on its growth during the pandemic, which set a new baseline for the business on key categories, it told the Goldman Sachs Global Retailing Conference. VF Corp. Sells Eagle Creek to Travis Campbell
The VFC executive is leaving the company, and taking the Eagle Creek bag and pack brand with him, according to a letter to employees sent by CEO Steve Rendle. Report: Vista Outdoor Near Deal to Buy Foresight Sports
VSTO is in negotiations to acquire the high-end golf simulator maker for around $500 million, Bloomberg reported, citing a source close to the matter. Xtep Completes $129.4 Million Debt Offering
The Chinese sportswear brand has closed the sale of two tranches of convertible bonds, $65 million in USD denominated, zero coupon bonds issued by its subsidiary Xtep Global, and HK$500 million ($65.4 mm) in 1.8% bonds issued by the parent. Marolina Outdoor Names Pete Angle President
The owner of Huk and Nomad elevated its chief marketing officer, Pete Angle, whose resume includes stints at Plano Synergy and Mossberg, as the company’s new president. Columbia Names Mountain Hardwear, prAna Presidents
COLM promoted Mountain Hardwear VP of sales for North America, Troy Sicotte as the brand’s new president, and hired Monica Mirro to lead prAna. Etcetera: JD Sports, Cirrus Cycles, Riton Optics, Under Armour
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