SGB Executive Sportsmans

EXEC: Vista Outdoor’s Guidance Cut Surprises Wall Street

Analysts said Vista Outdoor’s agreement to sell its Sporting Products segment business to Czechoslovak Group (CSG) for $1.91 billion appeared largely in line with the businesses’ valuation. Vista’s 24 percent stock drop on Monday was attributed to Vista’s sharp guidance cut tied to the deteriorating Outdoor Products business.

EXEC: Inside the Six-Year Growth Plan for Osprey, Hydro Flask Parent

At its Investor Day on Tuesday, Helen of Troy, the parent of Hydro Flask and Osprey, outlined an “Elevate for Growth” platform designed to annually expand sales between 3 percent and 4 percent and EPS by 10 percent or greater over the next six years.

EXEC: Vista Outdoor to Sell Ammo Business to Czechoslovak Group

Vista Outdoor announced that it planned to sell its Sporting Products business to Czechoslovak Group. (CSG) for $1.91 billion, shifting from a planned spinoff of its Outdoor Products segment. Gary McArthur, interim CEO, said, “We believe this creates meaningful value for stockholders, and sets up both Sporting Products and Outdoor Products for long-term success.”

EXEC: Hydro Flask and Osprey on Divergent Paths in Fiscal Q2

Osprey reportedly surpassed expectations for the third straight quarter with help from improving travel demand, but Hydro Flask continued to be pressured by a shift in consumer preference from insulated bottles to tumblers. 

EXEC: JLL Holiday Survey Sees Experiences Weighing on Traditional Gift Spend

In the JLL 2023 Holiday Shopping Survey Report consumers are poised to increase spending on entertainment and experiences during the holiday season but at the expense of the amount they would have spent on gift giving. The survey found spending on physical goods to decline 13.8 percent.

EXEC: Active Lifestyle Retail Weathers Rough Second Quarter Waters

Although a few retailers outperformed in the second quarter, big names in the active lifestyle space fought through a challenging  quarter amid promotional pressures, retail theft and the consumer’s continued shift away from discretionary purchases.

EXEC: American Outdoor Brands Execs Detail Fiscal First Quarter Progress

The recent issues with inventory and reduced consumer demand in the broader firearms market at retail had an effect of the company’s Shooting Sports segment, but strong growth in the company’s Outdoor Lifestyle segment offset the decline in the shooting accessories business.