MarineMax Promotes Executive Officer To EVP
MarineMax, Inc. has promoted Anthony E. Cassella, Jr. to EVP finance and chief accounting officer.
West Marine’s Debt Ratings Downgraded
Moody’s Investors Service lowered the debt ratings of West Marine’s term loan to reflect West Marine’s pending debt exchange. The exchange will result in the original term loans being subordinated in priority in terms of payment and collateral resulting in a lower expected recovery.
Compass Diversified Posts Q4 Loss Despite Mid-Single-Digit Growth
Compass Diversified (CODI), which owns Velocity Outdoor, BOA, Marucci, Primaloft, 5.11 and others in the active lifestyle space, reported net sales in the fourth quarter of 2022 were $594.9 million, up 6 percent (+4 percent on a pro forma basis).
Play It Again Sports Parent Sees Slight Q4 Earnings Decline
Winmark Corporation, the parent of Play It Again Sports, reported net income declined slightly in the fourth quarter and year.
Kohl’s Logs Steep Q4 Loss On Heavy Markdowns
Kohl’s, Inc. reported a steep loss in the fourth quarter on heavy markdowns. Wall Street had expected a profit. The mid-tier department store chain also guided EPS for the current year below analyst targets.
Big 5 SG Sees Q4 Same-Store Sales Fall 13 Percent; Margins And Earnings Shrink
Big 5 Sporting Goods Corporation reiterated its fiscal 2022 fourth quarter net sales were $238.3 million, compared to net sales of $273.4 million for the fourth quarter of fiscal 2021. Same-store sales decreased 13.2 percent for the fourth quarter of fiscal 2022 compared to the fourth quarter of fiscal 2021.
Campspot Boasts More Than 3 Million Camping Reservations In 2022
Campspot believes that 2022 solidified its designation as North America’s largest reservations platform and software provider for private campgrounds as the company drove record reservations for the year, surpassing more than three million gross campsite reservations made across its platform.
Report: Shift In Buyer Intentions Show Conditions Normalizing For Boating Market
The boating market began to normalize in 2022 as buyer interest shifted and the number of boats sold globally decreased for the first time since the pandemic-driven boom.
Yamaha Bikes Adds Northwest Regional Field Sales And Marketing Rep
Yamaha Bicycles hired Nate Espinosa as a field sales and marketing rep in the Northwest, working with retail partners in Northern California, Oregon, Washington, Idaho, Montana, Utah, Colorado, and Northern Nevada.
RV Shipments Plunge In January As Towable RVs Fall By Two-Thirds
The RV Industry Association’s January 2023 survey of manufacturers found that total RV shipments ended the month with 20,405 units, a decrease of 61.8 percent compared to the record 53,351 units shipped in January 2022.
Wrangler, Lee Parent Posts Solid Q4 Results On Double-Digit U.S. Growth
Kontoor Brands, Inc. the lifestyle apparel company led by the Wrangler and Lee divested VF Corp. denim brands, reported fourth quarter revenue was $732 million, a 7 percent increase (+9 percent increase constant currency) over the prior-year comparable period. U.S. revenue was up 16 percent over the prior-year comparable period.
Target Ekes Out Fiscal Q4 Comp Sales Gain On Strong Traffic; Beats Expectations
Target Corporation reported that total comparable sales grew 0.7 percent in the fiscal fourth quarter ended January 28, reflecting comparable stores sales growth of 1.9 percent and a comparable digital sales decline of 3.6 percent.
Outdoor Industry Veteran Hired As Trango Brand Manager
Trango, the manufacturer and international distributor of technical climbing equipment, hired Brett Cardamone as brand manager.
Black Diamond Parent Company Q4 Sales Drop 12 Percent On Inventory Overhang
Clarus Corp. reported sales dropped 11.8 percent in the fourth quarter, dragged down by inventory destocking trends at Black Diamond’s key North American retail accounts. Sales grew 10 percent at its Precision Sports segment (Sierra and Barnes). Results were basically in line with guidance. For 2023, the company is forecasting a 6 percent decline.
Elevate Outdoor Collective Hires Chief Operations Officer
Elevate Outdoor Collective, the parent company of the K2, Marker, Dalbello, Volkyl, Line Skis, and Tubbs snow sports brands, hired Josee Larocque as chief operations officer, effective immediately,
