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April 25, 2024


Skechers Outperforms as Wholesale Returns to Growth

Net income increased 29% in Q1 to $206,622,000 from $160,443,000 on sales that were up 13% to a quarterly record $2,251,587,000 from $2,001,928,000, helped by a wholesale rebound in both domestic and international markets.

Columbia Raises Earnings Guidance after Down Q1

Net income slipped 8% in the first quarter to $42,300,000 from $46,202,000 on 6% lower revenues of $769,982,000 compared to $820,593,000 as falling wholesale orders more than offset growth in direct-to-consumer.

Winchester Sales Grow Double Digits

Revenues at Olin Corp.’s ammunition segment increased by 12% in the first quarter to $409.4 million from $366.5 million, with both commercial ammo shipments and military sales higher, and a boost from sales of White Flyer, which was acquired in Q4 ‘23.

Escalade Swings to Profit on Growing Margins

Net income was $1,775,000 for the first quarter against a loss of $952,000 last year, as revenues inched up 1% to $57,304,000 from $56,931,000 on higher demand for basketball, table tennis, archery and outdoor games.

Yue Yuen Issues Positive Profit Warning

Yue Yuen announced that its net income attributable to shareholders would be up about 90-95% to approximately $99.1 million from $50.8 million, driven by its order book normalizing as the global footwear industry recovers.

Nike Wins Caitlin Clark Bidding War

The Eager Beavertons signed the Iowa star and Indiana Fever rookie to a long-term endorsement deal that is reportedly worth $28 million over eight years, and includes her own signature shoe.

Vail Resorts’ New Debt Rated by Moody’s, S&P Global

The ratings agencies weighed in on Vail’s $600 million offering of 6.5% senior unsecured notes due 2032, with Moody’s giving them a Ba3 rating and S&P rating them BB.

CPSC Recalls: Air Rifles, Helmets

Crosman is recalling about 2,500 Icon air rifles because they can discharge unexpectedly if jolted or dropped when uncocked and loaded, and will provide owners with a full refund.

Etcetera: SweetSpot, Kizik, Golftec, Hiviz Shooting Systems

 
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