Moncler S.p.A.’s Revenues Climb 21 Percent In First Half
Moncler S.p.A. reported operating earnings gained 20.9 percent in the first half as sales grew 24 percent. Sales for the Moncler brand jumped 29 percent while sales at Stone Island gained 5 percent.
MarineMax’s Earnings Slide in Fiscal Q3, Top Expectations
MarineMax, Inc. reported earnings in its fiscal third quarter ended June 30 fell 35 percent due to costs tied to the acquisition of IGY Marinas and more promotions in the marketplace. Same-store sales were up slightly. Results were ahead of company expectations.
Tractor Supply Trims Outlook On Q2 Miss, Ramps Up Expansion Target
Tractor Supply Company slightly lowered its guidance for the year as second-quarter results came in below expectations. The rural retailer also announced a new long-term target of 3,000 stores in the U.S. with a plan to increase annual store openings to 90 per year.
Escalade Sees Sequential Improvement to Q2 Business From Tough Q1 Start
Excluding the impact of the change in the company’s reporting calendar, second quarter sales declined 9.5 percent on a year-over-year basis and second quarter gross margin improved significantly compared to the first quarter.
Vista Outdoor’s Earnings Decline on 14 Percent Revenue Slide
Vista Outdoor, Inc. reported earnings declined 54 percent in the fiscal first quarter ended June 25. Sales dropped 14 percent with sales down 26 percent in the Sporting Products segment while gaining 8 percent in the Outdoor Products segment. The company said results were in line with expectations and reiterated its guidance for the year.
Report: European Ski Brands Sold 3.7 Million Pairs of Skis in 2022/23
The FESI completed its annual market research of sell-in data for ski products. The organization, representing 25 leading ski brands in Europe and globally, collected and anonymized the data to present its market insights.
Elan Sports USA Retains New England Sales Representation
Elan Sports USA, the ski manufacturer, hired CK Sales Group to rep the line in New England, effective August 1, following the recent retirement of Peter Kidd, who sold the line in the region for over four decades.
WH inc. Hires New Creative Director, Two Other Key Creative Hires
WH, Inc. hired Hart Rusen as new creative director with over 20 years of industry experience, Senior Designer Ari Pal, who joins from Vail Resorts, and Production Designer Chase Kunz, who joins from Microsoft.
Marine Products Corp. Sees Q2 EPS Surge on Strong Double-Digit Sales Gain
The increase in net sales was said to be due to an 11 percent increase in the number of boats sold during the quarter and a 10 percent increase in the average selling price per boat, as well as an increase in parts and accessories sales.
Big Agnes Closes On Purchase Of Steamboat Springs Headquarters
Firehouse Holdings, LLC, wholly owned by the Big Agnes Ownership Group, which has been leasing to Big Agnes its headquarters in downtown Steamboat Spring, CO, closed on the building’s purchase on June 30, 2023.
Retail and Vendor Business Groups Say Court Erred in China 301 Tariff Case
The NRF, AFAA, FDRA and other business groups urge The U.S. Court of Appeals to reverse judgment and vacate List 3 and List 4A China Section 301 tariffs.
Report: RV Shipments Down Nearly 50 Percent in First Half
The RVIA’s June 2023 survey of manufacturers found that total RV shipments ended the month with 24,095 units, a decrease of 46.4 percent compared to June 2022. Halfway through 2023, RV shipments are down 49.2 percent.
UPS and Teamsters Reach Five-Year Deal, Averting Strike
UPS and the International Brotherhood of Teamsters, representing about 330,000 UPS employees in the U.S., have reportedly reached a tentative collective bargaining agreement.
Lazydays Closes on Knoxville RV Dealer Acquisition
Lazydays reported it completed the acquisition of Buddy Gregg RVs & Motor Homes in Knoxville, TN. The acquisition is expected to strengthen the company’s presence in the Knoxville market.
Shimano Pares Forecast Again as First Half Sales Trends Worsened
Shimano, Inc. again slightly lowered its outlook for the 2023 full year after reporting earnings declined in the first half on a 13.3 percent revenue decline, accelerating the decrease seen in the first quarter.
