Ikon Pass Renews Partnership With Protect Our Winters

Ikon Pass is renewing its partnership with Protect Our Winters (POW) through a Summit Level donation. The 25,000 donation aims to support industry-led programs that unite and mobilize the global snow sports community against climate change and enhance education, advocacy and community-based activism.

Amer Sports Delivers 5 Percent Organic Growth In Q4

Amer Sports reported a slight decline in earnings in the fourth quarter. Sales grew 10 percent overall on a currency-neutral basis and 5 percent on an organic basis.  Growth was strongest in Apparel, up 41 percent and D2C, ahead 23 percent. Regionally, revenues increased 16 percent in China and 10 percent in the U.S.

Vista Outdoor Reduces Sales Guidance After Quarterly Miss

Vista Outdoor lowered its revenue guidance for its fiscal year ended March 31 after reporting sales dropped 20 percent in the third quarter. The company posted a loss of $514.6 million, or $8.94 a share, on a massive goodwill write-down but said earnings before charges exceeded Wall Street’s consensus estimates.

The North Face Partners With American Alpine Club

The American Alpine Club, the country’s oldest and largest climbing advocacy organization, in partnership with The North Face will give away $50,000 in grant money to climbers as part of the 2019 Live Your Dream Grants.

GoPro Posts First Profit In Five Quarters

GoPro Inc. reported a profit against a loss in the fourth quarter as sales climbed 13 percent. Results benefited from expense controls and strong demand for the HERO 7 action camera. 

BikeCo Purchases ASE Assets As Going Concern

BikeCo, LLC, a joint venture consisting of Tiger Capital Group and Advanced Holdings Co. Ltd., has acquired the assets of Advanced Sports Enterprises (ASE). The winning bid, approved by the bankruptcy court on February 1, exceeded $23 million.