In likely its last earnings report as a publicly traded company, Cabela’s blamed its poor performance on the slowdown in firearms sales since the presidential election, the Gander Mountain bankruptcy, and tough comparisons due to a number of shooting tragedies in the first half of 2016.
Category: Outdoor
Interbike Heading To Reno-Tahoe
Interbike, the largest cycling trade show in the U.S., has selected Reno-Tahoe as the new home for the Interbike trade show and the site of the newly-created Interbike Marketweek. The show has been in Vegas since 2011.
Otter Products To Open Retail Store
Otter Shop will be home to several exclusive product lines, including branded cases with Fort Collins, CO icons such as Odell Brewing Co. and Colorado State University.
Road Runners Club Of America Announces Summer 2017 Runner Friendly Communities
Eight communities have the “right stuff” of community infrastructure and support plus local government involvement for designation.
Cabela’s Profits Slide On Steep Revenue Drop
Cabela’s reported net earnings slid 24.9 percent after charges in the second quarter as same-store sales declined 9.3 percent.
Safilo’s Sales Slump In Q2
Safilo Group S.p.A., the parent of Smith Optics, reported second quarter sales equaled €315.3 million, down 9.8 percent compared to last year at current exchange rates and 10.6 percent at constant exchange rates.
Garmin Outdoor Segment Growth Takes Off
Garmin’s Outdoor segment saw sales catapult 46.3 percent in the second quarter, to $194.8 million. The gains were driven by strong demand for its fēnix 5 watch series.
Spin Master Sees Robust Q2 Growth
Spin Master Corp. reported second-quarter revenue of $276.7 million increased 54.2 percent from $179.4 million a year ago. Excluding revenue from Swimways, which was acquired in Q3 2016, Q2 revenue grew 37.4 percent
MSR Names Doug Sanders Vice President
The manufacturer of outdoor equipment has also added a handful of new faces to the team, all co-located with MSR’s manufacturing facility in Seattle.
Big 5 Q2 Dragged Down By Weakness In Firearms, Camping And Water Sports
Shares of Big 5 Sporting Goods were down 85 cents, or 7.8 percent, to $10.10 on Wednesday after the sporting goods retailer posted second-quarter revenues that fell short of expectations due to weakness in firearms, camping and water sports. Third-quarter earnings are also expected to decline with comps off in the low single digits.
Crocs Extends Partnership With Drew Barrymore
Crocs Inc. announced a product collaboration on a line of special-edition footwear styles for women and children, designed in partnership with Drew Barrymore.
KSL, Aspen Complete Intrawest, Mammoth Purchases, Name New Leaders
Upon closing of the deal, Thomas Marano, Intrawest’s chief executive officer, resigned his position. KSL’s Bryan Traficanti was named interim chief executive officer, and a search for a new CEO is underway.
Big 5’s Q2 Sales Miss Targets
Big 5 Sporting Goods reported earnings in its second quarter rose 33.3 percent on improving gross margins and a 0.8 percent gain in same-store sales. But sales were lower than expected due to weakness in certain outdoor product categories related to firearms, camping and water sports.
Camp Native Founder Departs On 4,354-Mile Family Camping Awareness Bike Ride
David Woodbury and non-profit partner Big City Mountaineers will also raise $5,000 to give the gift of camping to 100 under-resourced youth.
Icebreaker Onboards New Leadership In North America
Josh Vaughan takes the helm as head of wholesale in the region, while Trudie Abel becomes the new head of marketing North America, where her office has made three additions to its marketing cadre.
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