Sporting Goods Industry News for August 26, 2014
Net income rose nearly 2% to $34,328,000, or $0.37 a share, from $33,720,000 for the period ended Aug. 2, surpassing a Street estimate of $0.32 a share.
While the gun maker cited continued high inventories industrywide and typical slower, seasonal activity in the summer for its decision to lower its FY guidance, SWHC said its Q1 results met its expectations.
Retail business was strong across the board, according to the Intl. Council of Shopping Centers and Goldman Sachs Weekly Chain Store Sales Index, as sales rose 4.2% for the week ended Aug. 23 compared to last year.
Under terms of the apparel licensing partnership between COLM and the Dallas football club that runs through early 2018, Columbia will produce co-branded sportswear, outerwear and accessories for men, women and youth.
The former National Sporting Goods Association director, who founded Memphis, TN-based All American, Inc. and worked in the industry for more than 60 years, died Aug. 23 in Tennessee.