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December 05, 2024 Lululemon Betting on Resilient Demand during Holiday Season
With its international business growing strongly and its U.S. business projected to regain its mojo in 2025 fueled by more seasonal newness for guests, Lululemon reported solid Q3 results that included a 45% increase in operating income to $490.7 million and a 150-basis-point improvement in gross margin to 58.5%. Famous Footwear Hit by Weather, Calendar Shift Headwinds
Caleres’ net income was down 12% to $41,427,000 from $46,914,000 for the third quarter on 3% lower revenues of $740,941,000 compared to $761,904,000, hurt by weak boot sales and a $29 million calendar shift against last year’s 53rd week. Zumiez’ Rebound Continues into Holiday
Returning to profitability after a string of tough quarters, the teen retailer’s net income was $1,159,000 in the third quarter against a $2,231,000 loss, as revenues grew 3% to $222,475,000 from $216,339,000. Tilly’s Red Ink Deepens in Difficult Q3
Net loss widened to $12,875,000 from $847,000 on eroding margins as sales declined 14% to $143,442,000 from $166,475,000 for the third quarter, exacerbated by an $18.4 million calendar shift headwind. Smith & Wesson Sees Market Softness Continuing
Net income surged 65% in the fiscal second quarter ended Oct. 31 to $4,134,000 from $2,498,000 on 4% revenue growth to $129,679,000 from $124,958,000, a top line that missed the company’s own expectations. American Outdoor Brands Raises Guidance after FQ2 Improves
AOUT’s profit grew more than fourfold in its fiscal second quarter ended Oct. 31 against a slim $77,000 gain last year, on 4% higher revenues of $60,232,000 up from $57,931,000, boosted by growth in outdoor lifestyle and shooting sports. Amer Sports Prices Upsized Share Offering
AS now plans to sell 40,800,000 shares at a price of $23.00 per share, plus up to 6,120,000 additional shares in an underwriters’ option, with the closing scheduled for Dec. 6. Db Bags Scores LVMH Investment
The Scandinavian backpack and luggage brand received a minority investment from LVMH Luxury Ventures which will support its global expansion plans that include the U.S. and Asia.
Following Julie Legrand’s appointment as senior director of global brand strategy earlier this year, the Big Cat named adam&eveDDB as its new creative agency, with the first brand campaign launching this spring.
Academy Sports + Outdoors is recalling about 6,100 Redfield 12-gun and 18-gun fireproof safes because mechanical internal locking plates can fail to align, allowing the gun safes to be opened.
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