Category: Outdoor

S&P Global Ratings has lowered its base-case revenue and EBITDA assumptions for Vail Resorts as it expects consumer concerns related to COVID-19, potential additional restrictions on travel and indoor activities, and limited ski resort capacity t likely impair Vail’s’ revenue in fiscal 2021 (ending July).  Additionally, S&P noted that Vail plans to issue $500 million in unrated convertible senior unsecured notes due 2026 to enhance liquidity amid the ongoing pandemic.

American Outdoor Brands Inc. reported sales were $79.1 million in the second quarter ended October 31, an increase of 65.7 percent over net sales of $47.7 million for the comparable quarter last year, driven primarily by increases in both e-commerce and traditional sales channels.

Despite the twin challenges of a worsening global pandemic and negative economic indicators, all six winter months are posting rate increases from September through February at participating Southeast resort destinations, according to data released by DestiMetrics.

Groupe Bruxelles Lambert (GBL) has become the new majority shareholder of Canyon Bicycles, the direct-to-consumer bike brand. Roman Arnold will remain the chairman of the Advisory Board and reinvest a significant part of his proceeds alongside GBL, while significant minority shareholder TSG Consumer Partners will fully exit its stake.

The 2020 Industry Trends and Insights Report, released by the National Association of RV Parks and Campgrounds, anticipates more than 53,000 new campsites will be constructed in the next 12 months.

Vail Resorts Inc. announced its intention to offer, subject to market and other conditions, $500 million aggregate principal amount of convertible senior notes due 2026 in a private offering to institutional buyers.

Line skis and Full Tilt Boots have hired outdoor industry veteran Steven Hartl as its Brand Director. Hartle will be tasked with bringing the brands’ products and messages to market.

Backcountry-related equipment sales in the U.S. grew a combined 76 percent in the opening months of this year’s snow season (August through October 2020) compared to the same period last year, according to The NPD Group.

About 780 Dash X FM child bicycle seats from Burley are being recalled.