Compass Diversified Holdings, the parent company of 5.11 Tactical, Liberty Safe, Velocity Sports and Marucci Sports, reported that net sales for the second quarter ended June 30 were $333.6 million, essentially flat to the $336.1 million reported for the quarter ended June 30, 2019. The net loss for the quarter was $7.4 million, compared to net income of $218.2 million in the year-ago quarter, which included a $206.5 million gain on the sale of its Clean Earth subsidiary. Adjusted EBITDA for the second quarter was $49.5 million versus $52.1 million for the quarter ended June 30, 2019.
Category: Outdoor
REI Ranked Best Employer For Women
REI ranked first in Forbes America’s Best Employers For Women list. Other firms participating in the active lifestyle space on the Top 200 ranking were Designer Brands, the parent of DSW, at 14; JCPenney, 92; Vail Resorts, 109; Hibbett Sports, 114; Nordstrom, 139; Topgolf, 149; Foot Locker, 163; and Nike, 177.
Shimano’s Sales Slide 12 Percent In Six Months
Shimano Inc.’s sales were down 11.9 in the first half ended June 30. Sales fell 14.6 percent in the Bicycle Components segment and 1.8 percent in the Fishing Tackle segment.
Garmin Tops Wall Street On Fitness Segment Strength
Garmin Ltd. reported sales fell 9 percent and earnings were also down in the second quarter ended June 27 but results came in well above Wall Street’s targets. Revenues jumped 17 percent in the Fitness segment and increased 4 percent in the Marine segment while sliding only 4 percent in the Outdoor segment.
Sportsman’s Warehouse To Sponsor Archery Hunting Show
Sportsman’s Warehouse Holdings Inc. signed an agreement with The Outdoor Group, LLC to sponsor the archery hunting show, “Respect the Game,” for one year starting December 28, 2020.
Rocky Brands Q2 Revenues Dip 9.4 Percent
Rocky Brands Inc. reported second-quarter earnings fell 25.0 percent on a 9.4 percent slide in sales. Earnings were up slightly excluding expenses related to the temporary closure of the company’s manufacturing facilities.
Canada Goose Journeys Into Footwear With Strategic Hire
Canada Goose today announced the appointment of Adam Meek to the new role of GM Footwear & Accessories. Most recently, he served as Senior VP of Product at Sperry–Wolverine Worldwide.
Moncler’s Revenues Drop 29 Percent In First Half
Moncler SpA reported \a net loss of €31.6 million in the first six months of the year as sales declined 29 percent to €403.3 million.
The Complete Paddler Acquired By Nova Craft Canoe
Chris Rath, president of Nova Craft Canoe, purchased a majority stake in The Complete Paddler, the Toronto-based paddle sports retailer.
All Good Appoints CFO
All Good, the ethically-made body care and mineral sunscreen brand, welcomed Susan Conner-Steeb as its chief financial officer.
Mavic Acquired By French Investment Group
Mavic, the French cycling components and accessories brand that was placed into receivership in May, has reportedly been acquired by the French investment group Bourrelier.
Nike Marketing Exec Joins Timberland
Timberland named Drieke Leenknegt vice president, global marketing. She was most recently Global VP of Influencer Marketing & Collaborations at Nike.
Dick’s SG To Close On Thanksgiving; Extends Employee Premium Pay Through End Of Year
Dick’s Sporting Goods announced it will close all store locations and distribution centers on Thanksgiving Day, November 26, 2020. The company also announced that store and distribution center employees will continue to receive a 15 percent pay premium through the end of the year with the challenges presented by COVID-19.
Accell Group Manages Growth In First Half Despite Lockdowns
Accell Group N.V., the cycling giant based in the Netherlands, recorded a year-on-year sales growth of 53.1 percent in June, bringing first-half net sales to €676.9 million, up 4.0 percent versus last year, despite the impact of the lockdowns in March and April due to COVID-19.
Academy Sports Ranks Third Among Houston’s Private Corporations
Academy Sports + Outdoors again ranked third in the Houston Chronicle’s list of the 100 Top Private Companies in Houston. Academy CEO Ken Hicks told the Chronicle, “Academy has historically performed well in those stressful times, be they the 2008 recession, (Hurricane) Harvey and COVID-19.”
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal