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SGI Template 8 Page TM For a FREE trial subscription to Sporting Goods Intelligence, click here. A subscription form will open in a browser window. ® E-mail our editors at E-mail our staff at [email protected] www.sginews.com [email protected] INDUSTRY STOCKS OUTPERFORM MARKET AS BIG CAP STOCKS SHINE January 4, 2019 Vol. 36, No. 1 Sporting goods stocks handily exceeded the per- formance of general stock indices around the globe Sporting Goods stocks rose 10.1% in with a weighted average increase of 10.1% in local 2018 to $381.9 billion. currencies compared to mid-single-digit declines in China trade talks restart and outside fac- most U.S. stock indices and mid-teens declines in tors may determine if deal is reached. the major European and Asian stock indices. A solid Government shutdown concerns mount teens gain at Nike, which alone accounts for 30% for sports industry. of the industry’s global stock market value, was a major bulwark against the general stock market Foot Locker invests in new kids’ play performance but there were also some impressive shoe brand. gains at companies like Lululemon and the resurgent Holiday sales are strong with online pro- Fila Korea that made important contributions to the pelling increases. buoyant performance. In dollars, the total market capitalization of the 81 companies we tracked rose Dick’s drops USOC sponsorship but to $381,944 million from $368,734 million, but doesn’t cite Nasser scandal. the rate of growth slowed from a 19.3% increase Hoopgate: Guilty plea from USC coach during 2017. as others head to trial. Camping World reshuffles management Our methodology for this study compares the market as RV sales weaken. capitalization of all companies in local currencies to arrive at a percentage change for each stock. The Retail: Himaraya, Kathmandu. data is then converted into US$ at the exchange rate Companies: Batra, Columbia Sportswear, on the last trading day of the year, and weighted by National Shooting Sports Foundation, market capitalization to allow aggregation for the New Balance, SRAM. purpose of comparison. Companies are classified by their principal business for categories and by the Stocks & Earnings: Caleres, Pegasus location of their headquarters for regions. International. Trade & Sourcing: Firearms trade. The stock market performance also belied a rather Century vs. Everlast, HBI em- modest year in terms of results for the industry. Based Legal: bezzlement, Iconix vs. Jay Z, Lontex vs. on the trailing 12 months results from our Scorecard Nike. section, industry profits were down 4% to $9,545.5 million for the four quarters ended nearest to Sep. 30 compared to $9,972.5 million while sales rose 8% © 2019 Sporting Goods Intelligence, Inc. John Horan, Publisher Warning Jon Bogert, Editor Copying of this newsletter, even for internal use, is Tel: (610) 459-4040 Fax: (610) 459-4010 illegal (17 U.S.C. § 501 et seq.). A monetary reward is provided to persons who provide conclusive Eugenio DiMaria, Publisher, European Edition evidence of illegal photocopying of this publication, Tel: (33) 1-4983-8242 Fax: (33) 1-4983-8224 including, but not limited to, copies made for internal ISSN 1060-2550 routing or transmission via facsimile. January 4, 2019, Page 1 Global Industry 117,742 Stock103,889 Market Performers 1,388 -14.9% 1,630 Market Capitalization in Millions 36,591 Change34,139 Market Capitalization in Millions 7,363 Change-21.3% 9,353 Company Exchange Currency 2018 US$ 2018 Local 2017 Local 28,308 Local29,237 Company Exchange Currency 2018 US$ 2018 Local 2017 Local 929 Local -4.5% 973 16,102 63.1% 9,871 China Dongxiang 7,063 -14.1% 8,222 Nike NYSE US$ 117,742 13.3% Super Retail Group Australia AUD 977 1,461,879 894 38.2% 647 Adidas Group Frankfurt Euro 41,914 7.2% Stella Holdings HKEX HK$ 940 100,634 95,166 -26.5% 7461,015 VF Corp NYSE US$ 28,308 -3.2% Sturm, Ruger NYSE US$ 929 11,955 11,800 701 1.0% 695 lululemon Nasdaq US$ 16,102 HKEX HK$ 902 7,282 6,643 654 -21.7% 835 Shimano Tokyo JPY 13,118 1,439,014 -1.6% Genesco NYSE US$ 894 7,557 17.6% 6,424 GoPro -42.4% 6361,105 Anta Sports HKEX HK$ 12,852 5.7% Compass Diversified NYSE US$ 746 6,382 17.5% 5,430 Johnson Outdrs 587 -5.5% 621 Garmin Nasdaq US$ 11,955 1.3% American Outdoor Brands Nasdaq US$ 701 9,341 -40.1%15,600 Accell Group 501 -17.2% 605 Moncler Milan Euro 8,342 9.6% Vista Outdoor NYSE US$ 654 6,280 -15.6% 7,436 Mizuno -29.8%88,246 Under Armour NYSE US$ 7,557 Nasdaq US$ 636 6,006 5,682 517 14.0% 453 Puma AG Frankfurt Euro 7,310 Nasdaq US$ 587 5,803 15.5% 5,023 Zumiez 489 -6.9% 526 Canadian Tire Toronto CAD 6,868 Amstrdm Euro 574 40,102 -19.9%50,041 361 Degrees 3,370 -39.7% 5,589 Gildan Activewear NYSE US$ 6,280 Tokyo JPY 565 61,958 4,421 63.4% 2,706 Dorel Industries -44.4% 5651,016 Foot Locker NYSE US$ 6,006 5.7% Shoe Carnival Nasdaq US$ 517 4,813 38.9% 3,465 XXL 3,548 -69.9%11,773 Columbia Sportswear Nasdaq US$ 5,803 Nasdaq US$ 489 January 4,2019,Page 2 4,520 -40.7% 7,623 Symphony 3,063 2,901 Yue Yuen HKEX HK$ 5,122 HKEX HK$ 430 3,395 3,270 325 -20.8%SGI 410 Amer Sports Nordic Euro 5,064 Toronto CAD 415 4,029 -16.8% 4,842 Johnson Health Tech Taiwan TW$ 321 9,821 10,869 Canada Goose NYSE US$ 4,813 Oslo NOK 410 90,506 320 -24.9% 426 Hanesbrands NYSE US$ 4,520 HKEX HK$ 391 5.6% 3,726 45.3% 2,565 Clarus 302 28.1% 236 JD Sports Fashion London GBP 4,330 3.8% Nautilus Group NYSE US$ 325 3,622 -39.7% 6,003 BasicNet 231 16.9% 198 Brunswick NYSE US$ 4,029 -9.6% 3,067 -0.6%3,086 Hibbett SG 262 -32.8% 389 Feng Tay Taiwan TW$ 3,828 117,223 29.5% Tilly's NYSE US$ 320 3,024 -0.8%3,050 Rocky Brands 193 38.1% 140 Deckers Nasdaq US$ 3,726 Nasdaq US$ 302 997,152 188 -33.2% 281 Skechers NYSE US$ 3,622 Milan Euro 265 356,729 160 -1.0% 162 Dick's SG NYSE US$ 3,067 Nasdaq US$ 262 ™ 18,396 13,799 1,399 -18.4% 1,714 Wolverine WW NYSE US$ 3,024 Nasdaq US$ 193 2,236 53.3% 1,458 Escalade 165 -6.5% 177 Fila Korea Korea KRW 3,269,920 2,937 227.9% Sportsman’s Whse Nasdaq US$ 188 7,848 -4.0%8,174 Kingmaker 1,145 -33.9% 1,732 Asics Tokyo JPY 2,560 280,817 -21.3% Lafuma Paris Euro 184 1,985 28.3% 1,547 Rapala 117 -8.4% 128 Li Ning HKEX HK$ 2,349 33.3% Eagle Nice HKEX HK$ 179 16,730 -11.4%18,873 Delta Apparel 120 -18.1% 147 Fox Factory Nasdaq US$ 2,236 NYSE US$ 165 54,196 -11.6%61,322 Pegasus Intl. 731 -4.8% 767 Alpargatas (S.A.) Brazil Real 2,023 HKEX HK$ 146 93 1,735 97.1% 881 Mainland Headwear 446 -24.1% 587 DSW NYSE US$ 1,985 Nordic Euro 134 57 1,277 -47.1% 2,415 Big 5 SG 56 -66.0% 163 Thule Stockholm SEK 1,886 AMEX US$ 120 56 1,575 1,570 406 -49.3% 800 Giant Manufacturing Taiwan TW$ 1,770 HKEX HK$ 52 1,446 1,317 51 -54.2% 112 Crocs Nasdaq US$ 1,735 HKEX HK$ 51 1,377 -24.0% 1,811 Netshoes 46 -81.1% 245 Sports Direct Int'l London GBP 1,629 Nasdaq US$ 46 1,250 -12.7% 1,431 Iconix Brand Group 6 -91.5% 74 Acushnet Holdings Nasdaq US$ 1,575 0.3% Daphne Int'l HKEX HK$ 6 1,235 -8.5%1,350 Callaway NYSE US$ 1,446 9.8% Sequential Brands Nasdaq US$ 381,902 9,441 39.4% 6,771 G-III Apparel Nasdaq US$ 1,377 NYSE US$ 1,193 -17.1% 1,439 Share price and currency conversion rates are as of Dec 31, 2018 and Dec 29, 2017 Yeti Holdings NYSE US$ 1,250 Nasdaq US$ 1,024 -74.1% 3,956 For companies that went public in 2018, 2017 number reflects market cap at IPO. Fitbit NYSE US$ 1,235 Average Change 10.1% Xtep Int'l HKEX HK$ 1,206 (Local Market Cap - Weighted) Caleres NYSE US$ 1,193 Camping World NYSE US$ 1,024 SGI ™ to $179,502.1 million from $166,476.9 million. The old case involving pension liability, but that was profit numbers in both years were greatly affected offset by the 63% gain at LULU that accounted for by one-time charges of unusual magnitude, such as just over one-third of the sector’s total value. the massive $2 billion tax charge that hit Nike as a result of the U.S. tax law changes. Other major Equipment had a significant rebound in profits of outliers were restructuring activities in nine figures 227% to $605.6 million from $184.9 million with at companies like Vista Outdoor, Iconix and Under 2017 getting clobbered by the gun market and the Armour.
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