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November 07, 2024 Under Armour’s Turnaround Begins to Take Shape
Approximately $50 million more in adjusted operating income than was projected in Aug. and a 200-basis point increase in gross margin are two clear signals that Under Dog’s turnaround under CEO Kevin Plank is beginning to gain traction. Acushnet Grows on New Club Launches
Net income slipped 2% to $56,224,000 from $57,307,000 for the third quarter on sales that were up 5% to $620,501,000 from $593,381,000 driven by new club sales. Wolverine Raises Guidance after Q3 Tops Expectations
Net earnings attributable to shareholders nearly tripled to $23.6 million in the third quarter ended Sep. 28 from $8.6 million last year, on 17% lower revenues of $440.2 million against $527.7 million, with both top- and bottom-lines exceeding its forecast. Yeti Outperforms in Q3, Maintains FY Guidance
Net income soared 32% to $56,284,000 for the third quarter from $42,657,000 on net sales that were up 10% to $478,440,000 from $433,561,000. Canada Goose Cuts Outlook Citing Weak Luxury Spending
Net income attributable to shareholders improved 38% to C$5.4 million ($4.0 mm) in the fiscal second quarter ended Sep. 29 from C$3.9 million prior, as revenues slipped 5% to C$267.8 million ($196.9 mm) from C$281.1 million.
Third-quarter revenues at Canadian Tire’s sporting goods banners ticked up 1% to C$521.5 million ($383.5 mm) from C$518.3 million, including a +2.9% comp. Hefty Impairment Charge Impacts Solo Brands
Quarterly results at the parent of six lifestyle brands, including Solo Stove and Oru Kayak, were negatively impacted by an $83.6 million charge related to restructuring, contract termination, and impairment costs. Clarus Cuts Guidance as Struggles Continue in Q3
Continued softness in outdoor equipment demand pressured third quarter results, with a net loss expanding to $3,157,000 from a loss of $1,264,000 as revenues tumbled 17% to $67,115,000 from $81,302,000. Alpargatas Returns to Profitability in Q3
The company recorded BRL 57.3 million ($10.3 mm) in profits for the third quarter after last year’s BRL 8.5 million loss as net sales increased 16% to BRL 1,037.6 million ($186.8 mm) over BRL 896.2 million.
Net loss more than doubled to $8,211,000 from a loss of a $3,684,000 on revenue that was down 12% to $258,898,000 from $294,299,000 for the third quarter ending Sep. 30.
Moody’s upgraded the Italian luxury sneaker maker’s corporate family rating and rating on its €480 million senior secured notes due May 2027 to B1, and the outlook was changed to stable from positive. Etcetera: Fanatics, Xtep, Sierra, Caleres, Wattbike, Lancer Systems
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