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September 05, 2024


Shoe Carnival Grows Mid-teens, Lifts Guidance

Net income was up 16% to $22,573,000 from $19,441,000 on revenue that improved 13% to a quarterly record $332,696,000 over $294,615,000 for the second quarter ended Aug. 3, benefiting from a favorable calendar shift of about $20 million out of Q3.

Tilly’s Profits Pressured by Higher Wages

Net loss narrowed to $69,000 from last year’s $1,125,000 of red ink for the second quarter on sales that were up 2% to $162,867,000 from $159,951,000, getting a boost from the calendar shift as blended comps fell 7.8%.

Smith & Wesson Sales Tumble 23%

The bottom line turned red in the fiscal first quarter ended July 31, as SWBI swung to a loss of $2,106,000 from a profit of $3,118,000 a year ago, on 23% lower revenues of $88,334,000 down from $114,243,000.

American Outdoor Brands Guides for FY Growth

Turning in another difficult result, AOUT’s net loss was $2,365,000 in fiscal Q1 ended July 31, an improvement from last year’s $4,113,000 loss, while sales fell 4% to $41,643,000 from $43,445,000.

Canada Goose Sees Wholesale Inflection Point

The wholesale channel reset is nearing completion while GOOS’ “Retail 101” reforms are underway in the rapidly expanded owned-store fleet, the company shared at Goldman Sachs investor conference, alongside the ongoing marketing push and corporate cost reductions.

Newell Outdoor Sees Room for Growth at Coleman

NWL’s Outdoor and Recreation segment, which is the company’s smallest in terms of revenue and profit, has taken the most amount of work to turn around, president and CEO Chris Peterson commented at the Barclays conference.

G-III Apparel Inks Converse License

The Donna Karan and Karl Lagerfeld parent has signed a license with the Eager Beavertons to make and sell Converse apparel, aiming for $200 million of annual sales in the long run.

Skechers Sues over Slip-ins

SKX filed suit in S. NY district court against Rockport, parent Authentic Brands Group, and its licensee for Rockport in the U.S., Marc Fisher Holdings, for infringing on a patent related to the successful Hands Free Slip-ins franchise.

CPSC Recall: Delta Cycle

Delta Cycle is recalling about 28,530 ceiling hoists with straps used to store bicycles, kayaks or canoes, because the plastic buckles on the straps can break.

Etcetera: Adidas, Elan, IFit, Fossil, Macron, Lotto

 
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