Boot Barn Holdings, Inc. reported flat earnings in the first fiscal quarter ended June 25 as sales jumped 19 percent and same-store sales gained 10 percent. EPS exceeded guidance, but the footwear retailer reduced its outlook for the year due to “recent macroeconomic uncertainty.”
Category: Outdoor
Cotopaxi Hires Chief People And Impact Officer
Cotopaxi hired Grace Zuncic as its first chief people and impact officer.
Vista Outdoor’s Q1 Tops Guidance On Sporting Products Momentum
Vista Outdoor reported earnings on an adjusted basis rose 33 percent in the first quarter ended June 26 on a 21 percent revenue gain. Strong double-digit growth in the Sporting Products segment offset a 2 percent decline in Outdoor Products, primarily driven by Outdoor Accessories. Both sales and earnings topped company guidance and Vista’s full-year guidance was raised.
Vista Outdoor To Acquire Simms Fishing Products
Vista Outdoor Inc. announced the acquisition of Simms Fishing Products for a purchase price of $192.5 million.
Columbia Sportswear Reduces FY Guidance
Columbia Sportswear Company reported second-quarter earnings that topped Wall Street’s estimate but reduced its sale and EPS guidance for the year due to growing economic uncertainty. Chairman, President and Chief Executive Officer Tim Boyle said, “As 2022 has progressed, it is increasingly clear that the operating environment has become more challenging.”
KOA: Camping To Remain Popular Amid Volatile Economic Conditions
Kampgrounds of America (KOA) believes camping will continue to be popular even during volatile economic times. In the July edition of KOA’s Monthly Research Report, the camping industry giant forecasted that 15.93 million households would camp this month.
Stanley Hires Global Vice President, Brand Marketing
Stanley announced it hired Jenn Reeves as global vice president of brand marketing.
PeopleForBikes Hires Local Innovation Directors
PeopleForBikes hired Dave Snyder and Martina Haggerty as senior directors of local innovation, responsible for developing and implementing programming for cities to build better-connected bike networks nationwide.
Winnebago Names Newmar Corporation President
Winnebago Industries, Inc. has selected Casey Tubman as president of Newmar Corporation, effective August 1, 2022, reporting to President and CEO, Michael Happe, based in Nappanee, IN.
Walmart Cuts Outlook On Inflationary Pressures
Walmart, Inc. provided a business update and revised outlook for profit for the second quarter and full year, primarily due to pricing actions aimed to improve inventory levels and sales at U.S.-based Walmart and Sam’s Clubs.
Academy Sports Opens Store In Panama City
Academy Sports + Outdoors announced the opening of its Panama City
Olympia Sports To Close Remaining 35 Stores
Olympia Sports, the Maine-based sporting goods chain that once had more than 200 stores on the East Coast, is shuttering its remaining 35 stores.
Caleres CEO To Retire Next Year
Diane Sullivan, Caleres’ long-time CEO, will retire effective January 15, 2023. The company announced the news on Monday. Jay Schmidt, president of Caleres, will succeed Sullivan as chief executive officer, with Sullivan moving to the role of executive chairman.
Filson Appoints President
Filson, the Seattle-based outdoor and apparel manufacturer, announced the appointment of Neil Morgan as president of the company.
Luxury Retail’s Momentum Continues Into 2022
Despite record inflation and a plunging stock market, the rebound in luxury spending seen in 2021 has continued into 2022, according to recent reports from Bain and Bank of America (BOA).
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