SGB Executive

Fitbit’s Q2 Earnings More than Double

Fitbit Inc., in its first report since going public, reported second-quarter revenues more than tripled to $400.4 million from $113.6 million. On an adjusted basis, earnings soared 179.7 percent…

Escalade Sees 15 Percent Q2 Revenue Gain

Escalade Inc. reported revenues for the second quarter of 2015 were up 15 percent over the same quarter in the prior year. Year to date revenues have increased 18 percent…

Backcountry.com Deal Earns Liberty Tidy Sum

Liberty Interactive Corp. sold Backcountry.com for $350 million, or 11 times what the online retailer is expected to generate this year in operating income depreciation and amortization, according to…

Brooks and Competitor Group Extend Partnership

Competitor Group, Inc. (CGI) and Brooks Running Company announced a sponsorship extension through 2020. The continued partnership, which began in 2010, designates Brooks as the official running footwear, apparel and sports bra of the Rock ‘n’

Backcountry.com Sales Up 6.0 Percent in Second Quarter

Backcountry.com lost $4 million on sales of $105 million in the second quarter ended June 30, 2015, compared with a loss of $3 million on sales of $99 million in the second quarter of 2014, according to financial information released by its former parent

Fox Factory Reports Rebound in Mountain Biking Sales

Fox Factory Holding Corp. reported its sales of bicycle components grew 23.9 percent in the second quarter primarily due to the addition of Race Face/Easton Cycling, but also because growth resumed at its legacy cycling business, which makes forks and rea

Compass Diversified Net Income Up Sharply in Second Quarter

Compass Diversified Holdings Inc. (CODI), which buys and sells middle-market companies, reported net income more than doubled in the second quarter thanks in large part to its investments in outdoor product companies such as…

Adidas Acquires Runtastic App

Adidas AG has acquired all outstanding shares of Runtastic GmbH in a transaction that assigns an enterprise value of €220 million to the Austrian fitness app company…

OIA Elects 2015-16 Board of Directors

Outdoor Industry Association (OIA) announced its newly elected 2015-2016 board of directors Wednesday following its annual board meeting on the eve of Outdoor Retailer Summer Market. The board also selected Gordon Seabury, CEO of Toad&Co, as chair and nam