GoPro Has Ample Supply to Support Q4 Revenue Goals: CEO

Despite supply chain constraints that are affecting many industries, GoPro “successfully partnered with our suppliers to produce inventory to support our fourth quarter revenue expectations,” said CEO Nicholas Woodman on a Q3 call Thursday. GoPro’s online store and its retail partners “will be stocked and ready for shoppers this holiday season,” he said. GoPro’s “demand planning” resulted in its ability “to work with suppliers and our operations team to line up that supply” for the holiday period, said Chief Financial Officer Brian McGee, also the company’s chief operating officer. “We're right on track so far, even in the fourth quarter, from a sell-through perspective.” The company has been “very constructive with our suppliers on various fronts with what was needed into 2021,” he said. “We haven't wavered from that. Our demand and forecasting capability has hit right on target for where we needed to be.” The stock closed 8% higher Friday at $9.58.