|
Sporting Goods Industry News for January 13, 2025
On Running management said that 2024 was a defining year for the brand, going far beyond its stellar top-and-bottom-line growth in a fireside chat discussion at the ICR investor conference.
After disclosing strong Q4 to-date comparable sales and re-affirming its FY25 guidance last week, the Nashville-based company provided more details about its overall business today at the 2025 ICR Conference.
Hydro Flask is broadening its target demographic and distribution based on HELE’s investments in market research and R&D, the company said at the ICR Conference, as the insulated drinkware market moves beyond its sports and outdoor roots.
Xtratuf will keep pushing beyond its commercial fishing roots, Rocky Brands shared at the ICR Conference, as it makes gains in lifestyle and other outdoor applications.
The Arc’teryx, Salomon, and Wilson parent said 2024 revenue growth will come in at the high end of its previous guidance range of 16% to 17% and that adjusted operating margin will also be towards the top of the 10.5% to 11.0% previous guidance.
The lulunatics now expect fourth quarter revenues to hit $3.560 to $3.580 billion, up 11% to 12% year-over-year and $70 to $85 million higher than previous guidance for $3.475 to $3.510 billion, including a 5% tailwind from a 53rd week this year.
ZUMZ now expects Q4 sales to come in between $275 to $277 million, down from $284 million to $288 million, with net income between $0.72 and $0.77 per share instead of $0.83 to $0.93.
The Famous Footwear parent said it now expects adjusted earnings in the range of $3.10 to $3.20 a share for the year, forecasting FY24 adjusted EPS of $3.20 to $3.30, after sales softened in mid-Dec. and into Jan.
The owner of And1, Gaiam and Tony Hawk will try its luck with Ex-Numero Uno’s domestic business, including Reebok Design Group and its U.S. stores, Retail Dive first reported.
The former Wynn Resorts CEO comes to Authentic Brands Group with over two decades of experience in the casino and hospitality business, and will report to chairman and CEO Jamie Salter.
Accell Group is elevating its chief operating officer, Jonas Nilsson, to CEO, succeeding Tjeerd Jegen, who will transition to chairman of the group’s Supervisory Board.
The start-up, which makes adhesive forehead strips that keep athletes’ sweat out of their eyes, tapped former Eager Beaverton, Tom Kelley as its first CEO, as the brand aims to scale to market after its first decade of development.
|
|