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.
Category: Outdoor
January M&A Roundup: Media Companies Make News As Landscape Shifts
Consumer and trade publications are accustomed to reporting news, but in January companies in the active lifestyle and action sports media made news through a host of acquisitions that could drastically affect industry coverage moving forward.
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.
Rip Curl Extends Contract With Mick Fanning
Rip Curl, celebrating its 50th anniversary, announced a lifetime contract 3x World Champion Mick Fanning.
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.
Callaway Golf Misses On EPS, Beats On Revenue in Q4
Callaway Golf Co. on Wednesday announced its full year 2018 financial results and provided financial guidance for 2019, including contributions from Jack Wolfskin, which the company acquired in January 2019.
Sun Valley And Snowbasin Join The Epic Pass
Vail Resorts Inc., Sun Valley Resort and Snowbasin Resort jointly announced today that both resorts will join the Epic Pass in a multi-year alliance beginning with 2019-20 winter season.
Kupper Mounts Appoints VP Of Sales
Kupper Mounts, the bicycle carrier manufacturer, appointed Jason Morris as VP of sales.
Go RVing Launches First-Ever Kick Off To Camping Season Campaign
Designed to ignite consumer interest and drive traffic to RV dealers nationwide as the spring/summer vacation season approaches, Go RVing is launching a new multimillion-dollar Kick Off to Camping Season campaign that will run February through mid-July.
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.
Academy Sports Appoints Steven Lawrence As EVP And Chief Merchandising Officer
Academy Sports + Outdoors announced that Steven P. Lawrence has been appointed executive vice president and chief merchandising officer, effective February 11. He was most recently CEO of Francesca’s and has also been chief merchandising officer at Stage Stores.
Under Armour To Continue Lindsey Vonn Sponsorship Post-Retirement
Under Armour plans to continue its sponsorship of Lindsey Vonn after her retirement. On Friday, the legendary skier announced she planned to retire after the World Championships this week in Sweden.
Former Cabela’s Employees Launch Highby Outdoors
A number of former Cabela’s employees, led by Matt Highby, have officially launched Highby Outdoors, an e-commerce site focusing on outdoor gear.
5 Takeaways From Outdoor Retailer Snow Show
Bolstered by great snowfall across much of the country and upbeat sales numbers across most product categories, the snow sports industry seemed especially buoyant at last week’s Outdoor Retailer Snow Show in Denver, CO, the second since OR bought the event from Snowsports Industries America in 2017. Here are five business takeaways from the show.
Unifi Lowers FY Guidance On Pricing Pressures
Unifi Inc. reported an operating loss in its second quarter ended December 30 and lowered its guidance for its fiscal year. The fibers specialist placed the blame on a spike in raw material costs, suppressed demand in the Americas and a weaker sales mix.
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