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Category: Outdoor
Coleman Distribution Loss Drives Down Newell’s Q1 Performance
Outdoor equipment brand Coleman lost distribution at a key U.S. retailer, for coolers in particular, which was a key driver in parent company Newell Brands’ poor first-quarter performance that saw a 6.4 percent revenue decline in its Home & Outdoor Living segment. However, the company is “about to lap that distribution loss” by the end of Q2.
Clarus Corporation Finalizes New $100 Million Cash Flow Facility
Clarus Corp. terminated its asset-backed credit facility and entered into a new $100 million cash flow credit facility, which also includes an uncommitted accordion feature providing for an additional $50 million, for a total of up to $150 million with J.P. Morgan Chase Bank, N.A.
Johnson Outdoors Q2 Boosted By Strength In Fishing And Diving
Johnson Outdoors Inc. said it faced challenges in its kayak and tent businesses in the second quarter March 29, but still managed to show a slight increase in profits in the period due to momentum in its larger Fishing and Diving segments.
Johnson Outdoors’ Q2 Sales Expand 7 Percent
Johnson Outdoors reported earnings rose slightly in the second quarter as sales rose 7 percent.
Newell Brands’ Home & Outdoor Living Sees Q1 Sales Slump
Newell Brands reported its Home & Outdoor Living segment generated net sales of $627 million compared with $670 million in the prior year period, a decline of 6.4 percent. Core sales declined 2.9 percent, largely driven by lost distribution for Coleman at a key U.S. retailer and declines in the remaining home fragrance retail stores.
Jen Harned Exits Bell/Giro
Vista Outdoor has confirmed that Jen Harned, president and general manager of the Bell and Giro, has left the company, according to Bicycle Retailer.
Yeti’s Q1 Revenues Expand 15 Percent
Yeti Holdings Inc. reported significant improvement in earnings on an adjusted basis in the first quarter ended March 31 as gross margins expanded 700 basis points and revenues grew 15 percent. The company lifted its guidance for the year.
VF Corp. Signs Fashion Industry Charter For Climate Action
VF Corporation announced that it has become a signatory to the Fashion Industry Charter for Climate Action, furthering the company’s commitment to global climate advocacy and engagement.
Emerald Expositions Q1 Earnings Sink
Emerald Expositions Events Inc., the parent of Outdoor Retailer and a number of other trade shows, reported net income decreased 30.4 percent in the first quarter ended March 31 on a 3.4 percent decline in revenues. The company now expects its full-year performance to be in the lower half of the previously communicated guidance range.
Unifi Lowers Outlook Again
Unifi Inc. for the third quarter in a row lowered its outlook for the year due to competitive pressures in the polyester space, especially from low-cost imports heading into the U.S.
Big 5 Delivers Robust First Quarter But Weak Outlook
Big 5 Sporting Goods Corp. delivered a strong first quarter as cold weather boosted its winter business. But the California-based sporting goods chain also warned of a loss in the current quarter due to a later Easter this year and also warned that overall sales appear soft.
Unity Needed For Snow Sports Industry To Boost Participation
As this historic ski and snowboard season winds down, it’s time for the industry to gather for an après drink and find ways to reverse the trend of declining participation. SGB spoke with numerous stakeholders about how they can contribute to the cause and why building on the momentum of this epic season is so critical.
Academy Sports Opens Store in Ardmore, OK
Academy Sports + Outdoor opened its first store in Ardmore, OK, representing its 13th store in Oklahoma.
Descente To Close North American Skiwear Subsidiary
Descente announced plans to shutter its North American skiwear business by the end of its current fiscal year, which ends Mar. 31, 2020.
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