Malibu Boats, Inc. reported sales increased 3.1 percent in the fiscal third quarter ended March 31 as revenues from the acquisition of Saxdor Yachts offset lower volumes across its three existing segments, resulting primarily from lower wholesale shipments. Revenue and adjusted EBITDA each exceeded the high end of the guidance on a legacy basis.
Category: Outdoor
Fox Factory Q1 Hampered by Tariffs, Inventory Destocking in IBD Channel
Fox Factory Holding Corp.’s first-quarter adjusted earnings declined but arrived at the higher end of company guidance. Sales were up 3.9 percent, boosted by a 17.4 percent jump in Powered Vehicles Group. Sales in its Aftermarket Applications Group improved 2.9 percent, but dropped 8.7 percent in its Specialty Sports Group due to distributor and dealer inventory destocking and tough year-ago comparisons.
Black Diamond Parent Reveals Plan to Explore Sale
The company’s board of directors has initiated a review of strategic alternatives, including a sale of all or part of the business. The move comes as the parent of Black Diamond and of several vehicle-based outdoor and overlanding brands reduced its guidance for the year while reporting first-quarter results.
EXEC: Kontoor Brands Sees Lee Divestiture as Path to Accelerate Helly Hansen’s Growth
On an analyst call, Kontoor Brands Inc. officials said its move to divest the Lee denim business will only open more opportunities to drive further momentum in the Helly Hansen business. Kontoor CEO Scott Baxter said, “Through improved focus and increased investment capacity, we see a clear path to double-digit growth in our home market.”
EXEC: Thule Group Acquires Dog Harness Maker Curli AG
Thule agreed to acquire Curli AG, a Swiss-based maker of dog harnesses, for SEK 118 million ($13M). Thule said Curli is a global leader in the premium segment, in particular for vest-style harnesses for smaller dogs. Harnesses for larger dogs will be launched under the Thule brand already in the fall 2026.
EXEC: BOA and Velocity Outdoor Drive CODI’s Q1 Gainers; PrimaLoft Takes Impairment Charge
Compass Diversified (CODI) reported BOA’s sales grew 7 percent in the first quarter on market share gains across key categories to lead the company’s active lifestyle businesses. 5.11’s sales declined due in part to efforts to reduce DTC promotions. PrimaLoft, which recently overhauled leadership, absorbed a goodwill write-off.
Marine Products Corp. Posts Loss on Merger Costs, Sales Jump 16 Percent
Marine Products Corp. reported a loss in its first quarter ended March 31 due to $5.0 million in costs tied to its pending merger with MasterCraft and . Sales grew 13 percent in the quarter due to pricing actions and favorable mix.
EXEC: JD Sports Sees Resilient Europe, Weak UK and Improving North America in 2026
The parent of Hibbett, JD, Finish Line, DTLR and Shoe Palace in the U.S. and multiple other sports, outdoor and footwear banners across Europe and Asia Pacific, posted total sales of £12.7 billion for the fiscal year ended January 31, an 11.7 percent year-over-year (y/y) increase at constant FX rates and 10.5 percent y/y growth at reported rates.
MasterCraft’s Adjusted Profits Soar 44 Percent in Fiscal Q3
MasterCraft Boat Holdings, Inc., which has reached an agreement to merge with Marine Products Corp., reported earnings in the fiscal third quarter ended March 29 that easily topped expectations due to 3 percent sales growth and cost controls. The manufacturer of sport and pontoon boats raised its outlook for the year.
Helly Hansen Parent KTB Tops Q1 Expectations; Plans to Divest Lee Brand
Kontoor Brands, the owner of the Helly Hansen, Wrangler, Lee, and Musto brands, raised earnings and sales outlook for the year after reporting better-than-expected results in the first quarter, led by a 16 percent sales gain from Helly Hansen on a pro-forma basis.
MasterCraft Appoints New General Manager of Pontoon Segment
Chip Gerlach will lead both the Crest and Balise brands, with responsibility for driving product innovation, strengthening dealer partnerships, and accelerating operational and commercial performance across the segment.
Outdoor Research Names Scott Kerslake Acting President
Outdoor Research appointed Scott Kerslake, formerly at Prana and Athleta, as acting president, effective May 11 while the company’s Board of Directors searches for a permanent president. The Seattle-based brand announced in mid-April that Roger Barton, president since 2018, had stepped down.
EXEC: Nidecker Group Adds Europe Distribution for Etnies, éS, and Emerica
The Nidecker brands join OneTurn’s already stellar line up of Volcom, Spyder, and Aspen Collection. The Etnies, éS, and Emerica brands remain owned by The Nidecker Group and continue to operate as part of the company’s global portfolio of boardsports brands.
Survey: Memorial Day Spending Projected to See Significant Decline
A new survey finds consumers plan to spend $86 over Memorial Day weekend, down from $289 a year ago, according to a new survey from coupon platform RetailMeNot. Among the survey respondents, 28 percent expect to purchase grills and outdoor cooking gear and 16 percent sports and outdoor recreation gear.
Wolverine Worldwide Overhauls Leadership in Work Group
Wolverine Worldwide promoted Mike Maloney to global general manager of the Wolverine brand, a newly created role for the largest brand in its Work Group. Ryan Drew joined the company as chief product officer of the Work Group, while Ben Harrison assumed the role of general manager of Cat Footwear International.
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