Compass Diversified (CODI) reported significant improvement in earnings in the third quarter due to a gain on its sale of Liberty Safe. Earnings, excluding the gain, grew about a third due to the 2020 acquisition of BOA and a strong performance by its branded consumer companies.
Category: Outdoor
Columbia Sportswear’s Q3 Impacted By Delayed Inventory Receipts
Columbia Sportswear Co. reported sales in the third quarter ended September 30 came in below Wall Street’s targets as supply chain constraints impacted U.S. wholesale shipments. Earnings, however, topped estimates due to favorable gross margins and expense management and early-season Fall 2021 sell-through has been healthy. The company raised its EPS guidance while lowering its sales outlook for the year.
Big Agnes Announces Key Hires And Promotions Within Sales Team
Big Agnes has hired Craig Hatton and Parker Batt to join its sales team and announced the promotion of Kody Herman and Eric Einfeld within the sales organization.
SIA Releases 2020/21 Winter Sports Participation Study
Snowsports Industries America (SIA) released its 2020/21 Winter Sports Participation Study* focused on skiing, snowboarding, cross-country skiing, snowshoeing, sledding, and touring.
Dometic Group Completes Acquisition Of Igloo
Sweden’s Dometic Group AB has completed its acquisition of Igloo. Said Juan Vargues, president and CEO of Dometic, “This acquisition is in line with our strategy to position Dometic as a more consumer driven, less cyclical company in the fast-growing outdoor business.”
Uncharted Supply Opens First Company-Owned Store In Park City
Uncharted Supply Co., the maker of emergency preparedness gear, announced its first company-owned retail location in its hometown of Park City, UT.
NRF Predicts Highest Holiday Retail Sales On Record
Holiday spending has the potential to shatter previous records, as the National Retail Federation forecasts that holiday sales during November and December will grow between 8.5 percent and 10.5 percent over 2020 to between $843.4 billion and $859 billion. NRF President and CEO Matthew Shay said, “There is considerable momentum heading into the holiday shopping season.”
Primary Arms Names Director, Business Development
Primary Arms has named Brett Stewart as director of business development.
Great Outdoor Provision Expands Flagship In Charlottesville
Great Outdoor Provision Co., an outdoor retailer with locations in Virginia and North Carolina, announced plans for an expanded flagship store in Charlottesville, VA in the summer of 2022.
Boot Barn’s Q2 Sales Surge 70 Percent
Boot Barn Holdings Inc. reported sales in the second quarter September 25 grew 69.5 percent against the year-ago period and 67.1 percent against the 2019 quarter.
Wolverine World Wide’s Credit Facility Rated By S&P
S&P Global Ratings assigned its ‘BBB-‘ issue-level rating and ‘1’ recovery rating to Wolverine World Wide Inc.’s refinanced senior secured credit facility, which comprises a $1 billion revolving credit facility and a $200 million term loan due 2026.
Clarus Announces Pricing Of Common Stock Offering
Clarus Corporation announced that it has priced an underwritten public offering of 2.75 million shares of its common stock for total expected gross proceeds of $74.2 million before underwriting fees and estimated offering expenses.
Garmin Delivers Seven Percent Q3 Growth
Garmin Ltd. reported total revenue of $1.19 billion in the third quarter, a 7 percent increase over the prior year quarter. The gains were led by Marine and Aviation segment sales.
Shimano’s Raises Full-Year Guidance On Robust Nine-Month Growth
Shimano reported earnings nearly doubled in the nine months as sales grew 49.6 percent. Bicycle Components segment sales grew 56.0 percent while Fishing Tackle segment sales gained 27.6 percent.
Head Canada Appoints Vice President Winter Sports
Head promoted Chris Vanderknokke to vice president of Winter Sports, Head Canada. He was director of sales and marketing for Winter Sports.
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