Moody’s raised the debt ratings of Bass Pro Group LLC. The rating agency said Bass Pro has been resilient through the coronavirus pandemic as it reported positive sales momentum continuing through the third quarter following the initial temporary store closures at the onset of the outbreak.
Category: Outdoor
Dorel Sports’ Q3 Revenues Climb 22 Percent
Dorel Industries reported revenues at Dorel Sports reached $305.6 million in the third quarter, an increase of 22.1 percent year-over-year.
Pelican Products Appoints VP, Finance
Pelican Products, Inc. appointed Brad Antoine as vice president of financial planning and analysis.
SportChek’s Q3 Same-Store Sales Dip
Canadian Tire Corp. reported SportChek’s comparable sales growth declined 1.4 in the third quarter. On a constant-currency basis, Helly Hansen’s revenue decreased 0.9 percent.
GoPro’s Q3 Revenues More Than Double
GoPro announced a return to profitability in the third quarter ended September 30 as sales year-over-year jumped 114 percent.
Vista Outdoor’s Q2 Sales Jump 29 Percent
Vista Outdoor Inc. reported sales rose 29 percent in the second quarter ended September 27. Outdoor Products delivered 35 percent organic growth, and Shooting Sports gained 26 percent. E-commerce revenues doubled.
Canada Goose’s Q2 Revenues Slump 34 Percent
Canada Goose Holdings Inc. reported earnings fell 82.8 percent in the second quarter ended September 27 as revenues declined 33.7 percent. Canada Goose noted that Mainland China has returned to growth and adjusted EBIT margin was positive for the first time since the onset of the pandemic.
Yeti’s Q3 Revenues Climb 29 Percent
Yeti Holdings Inc. reported earnings on an adjusted basis more than doubled in the third quarter ended September 26 as sales jumped 29 percent. Yeti expects sales in the range of 15 percent to 16 percent in the fourth quarter.
Wolverine Worldwide Tops Expectations On Strength In Performance And Work Brands
Wolverine Worldwide reported earnings fell in the third quarter on a 14 percent revenue decline but both exceeded internal expectations. Saucony and Chaco delivered double-digit revenue growth, while Merrell and its work brands drove sequential revenue improvement versus Q2.
Canyon Bicycles Attracting Buyout Interest
Canyon Bicycles is reportedly attracting takeover interest from a number of private equity groups, including Carlyle Group and KKR & Co., according to a report from Bloomberg.
Lazydays Sees 36 Percent Q3 Revenue Gain
Lazydays Holdings Inc. reported revenues for the third quarter of 2020 were $215.7 million, up $57.3 million, or 36.2 percent, versus 2019.
Recall: Yeti Rambler Travel Mugs
About 15,000 Yeti Rambler 20 oz Travel Mugs with Stronghold Lids are being recalled from 241,500 mugs produced.
Rossignol Group Sets CEO Transition
After 16 years of leading Rossignol Group, Bruno Cercley will hand over the CEO responsibility to Vincent Wauters during the first quarter of 2021. He will keep a non-executive role as president and member of the Board.
Safilo’s Q3 Sales Expand 6 Percent
Safilo Group S.p.A. reported third-quarter sales grew 6.0 percent on a currency-neutral basis. The key positive drivers were represented by the significant rebound experienced by the wholesale market in North America, and the full-quarter contribution deriving from the recent acquisitions of Blenders Eyewear and Privé Revaux.
Avon Rubber Completes Acquisition Of Team Wendy
UK-based Avon Rubber p.l.c. completed its acquisition of Team Wendy for $130 million.
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