The Weekly Closeout: Activist comes for Ethan Allen’s board, Rhode delivers for Elf

Insight summary

• •Canada Goose is selling its performance footwear brand Baffin Limited to L.P. Royer to focus on its core lifestyle brand and profitable growth.
• •Warby Parker plans to launch its first Intelligent Eyewear collection in partnership with Google Gemini, reporting Q2 revenue growth of nearly 10% to $235.5 million.
• •Little Debbie announced its 2026 fall product lineup including seasonal pumpkin spice and autumnal items available nationwide for a limited time.
• •Rhode, acquired by E.l.f. Beauty, drove $27 million in sales in one day from a summer product launch, adding 90,000 new customers and contributing $160 million in Q1 net sales.
• •E.l.f. Beauty's overall Q1 net sales grew 36% year over year to $479.4 million, with net income doubling to $66.6 million.
• •Ethan Allen activist investor Doug Bergeron, owning 5% stake, nominated a new board to overhaul management and boost digital marketing after disappointing sales and lagging competitors.
• •Ethan Allen's shareholder value is predicted to potentially triple over three years with new board leadership and improved e-commerce strategy according to Bergeron.