Garmin adjusted its full year guidance and now anticipates revenue of approximately $6.12 billion and pro forma EPS of $6.85 based on gross margin of 58.5 percent, operating margin of 24.0 percent and a full year effective tax rate of 16.5 percent.
Author: SGB Media
Outdoor Retailer Parent Trims Full-Year Guidance
Emerald Holding, Inc. slightly reduced its outlook from steps taken to discontinue some of its smaller events. The operator of Outdoor Retailer, Surf Expo, Sports Licensing & Tailgate Show, and other venues also reported improved underlying earnings in the third quarter on flat sales.
Pyrenex Appoints Alan Daniel as Commercial Director
Daniel comes to the luxury outerwear manufacturer with over 20 years of outdoor industry experience having worked for Rossignol, Rip Curl and Salomon.
GoPro to Cut 26 Percent of Workforce in Revised Restructuring Plan
The action camera maker now plans to layoff about 26 percent of its workforce (240 employees), up from a plan announced in August that called for the reduction of 15 percent (140 employees).
Modern America Campgrounds Acquires Thomas Point Beach & Campground
Thomas Point Beach was started in 1956 by Harry and Marion Crooker. The 80-acre Oceanside Park was owned and operated by the family until it was sold. Modern America was selected to purchase the property because it intends to carry on its legacy.
Adidas’ Long-Time Chief Corporate Communication Officer to Retire
Jan Runau, Adidas’ chief corporate communication officer since 2006, announced his retirement. He began working for Adidas as a PR manager in Germany
Hoist Appoints Board Chair
The manufacturer of “IV-level hydration,” announced that Gerry David has been appointed chairman of the board of directors.
Former Nike and Adidas Vet Named Levi’s Managing Director, Latin America
Dario Aguilar will lead Levi’s business as managing director for Latin America, effective December 2. Most recently he was the CEO of Sephora Mexico. Before that, he worked in various commercial leadership roles at Adidas and Nike across Latin America and Europe.
Superstroke Names Par Golf as Distributor for Nordic Region
Vellinge, Sweden-based Par Golf is the sole distributor of SuperStoke’s product line in the Nordic region (Sweden, Denmark, Finland, Norway, and Iceland), effective January 1, 2025.
EXEC: Crocs Inc. Shares Dive Over HeyDude Brand Struggles, Crocs Brand Softens
Crocs shares fell $26.50, or 19.2 percent, to $111.58 per share Tuesday after the footwear company reported third-quarter results topped analyst estimates but tempered its full-year sales guidance as the turnaround at HeyDude falls behind schedule.
Wolverine Worldwide Appoints Susie Kuhn as Active Group President
Susie Kuhn will be responsible for leading successful brand strategies, executing consumer-focused go-to-market plans, and driving commercial performance for Wolverine Worldwide’s Active Group, which includes the Merrell, Saucony, and Chaco brands.
VF Corporation Sees Fiscal Q2 Improvement But Americas Region Still a DD Drag
Revenue for the quarter amounted to $2.8 billion, down 6 percent year-over-year from the fiscal 2024 Q2 period. The company said the decline was a sequential improvement from the 10 percent decline in the fiscal 2025 first quarter.
Camping World Profits Plummet in Third Quarter on Lower ASPs
Profits at Camping World Holdings Inc. fell 73.9 percent in the third quarter ended September 30 due in part to lower average selling prices on new and used RVs. On a positive note, combined new and used same-store unit sales returned to positive growth.
Boot Barn Posts Another Strong Quarter; CEO to Exit to Ross Stores
Jim Conroy, Boot Barn’s CEO since 2012, is stepping down to assume the role of CEO of Ross Stores. John Hazen, the company’s current chief digital officer, will assume the role of interim CEO.
Rural King Opens Newest Store in Hopkinsville, KY
The store boasts a wide range of outdoor lifestyle and work brands, including Ariat, Browning, Carhartt, Columbia, Frogg Toggs, Henry Rifles, Huk Apparel, Keen Utility, Plano, Realtree, Remington, Under Armour, and Wolverine.
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