SGB Executive Outdoor

EXEC: Kona Founders Talk Return to Brand in Open Letter

The founders wrote in a letter to industry friends that there are still many familiar faces specialty bike retailers should know from “epic dealer launches, My Kona videos and trail days who are dedicated to the cause.”

EXEC: Havaianas owner Alpargatas Shows Modest Growth In Q1

Alpargatas, the Brazilian parent of the Havaianas, Rothy’s and Ioasys brands, reported net revenue reached Brazil Real (R$)931.8 million in the first quarter, climbing 3.2 percent compared to the same period in 2022. For the flagship Havaianas brand, strength in Brazil offset declines in the U.S. and Europe.

EXEC: Solo Brands CEO Outlines Early Progress on Turnaround Plan

Solo Brands, Inc. reported first-quarter sales and adjusted EBITDA topped expectations and noted progress is being made in repositioning its brands for growth. On an analyst call, Chris Metz, CEO, said Solo Stove saw improving DTC trends while Chubbies benefited from the early arrival of a shorts campaign.

EXEC: Yeti Shares Jump as Q1 ProfIts and Revenue Fly Past Estimates

Shares of Yeti, Inc. jumped about 11 percent Thursday after the company reported that lower freight and product costs drove first-quarter earnings well above Wall Street targets, leading to raised EPS guidance for the year. Sales grew by double-digits for the second consecutive quarter.