“The momentum of our well-diversified brand portfolio strengthened in the third quarter as demonstrated by today’s preliminary results,” said John Walbrecht, Clarus’ president. “In our Black Diamond business, our performance continued to improve sequentially each month of the quarter, and we believe the brand is well-positioned for continued recovery into the fourth quarter. We also achieved record sales performance in our Sierra brand as a result of strong domestic market conditions, a return to growth in our international markets, and positive reception to our new ammunition line. Our Sierra team continues to do an exemplary job with order fulfillment amid the extraordinary demand environment.”
“These results demonstrate our focus on preserving brand equity while continuing to execute on our ‘innovate and accelerate’ playbook across our portfolio of ‘superfan’ brands, despite COVID-19,” continued Walbrecht. “We look forward to leveraging the optionality we have created in our brands and strong balance sheet as we continue delivering on our long-term growth strategy.”
The company expects to report its full third-quarter 2020 results in early November.
Photo courtesy Clarus Corp.
