Yue Yuen Factory Revenue Declines Moderate In February; China Retail Worsens
Yue Yuen Industrial (Holdings) Limited net consolidated operating revenue for February 2023 came in at $603.8 million, representing a 6.9 percent decline versus the year-ago February period.
Vail Resorts Lowers FY Guidance On Weather Disruption
Vail Resorts, Inc. reported a slight decline in earnings in the second quarter ended January 31 and slightly lowered its guidance for the fiscal year. The ski resort operator said season-to-date total skier visits increased 3.6 percent but abnormal weather conditions impacted traffic with Eastern U.S. resorts significantly below expectations in the post-holiday period.
Zumiez Sees Strong Double-Digit Sales Declines Continuing Into 2023
Zumiez expects net sales for the three months ending April 29 to be in the range of $178 million to $184 million, which would indicated another strong double-digit decline from the $221 million in sales in the year-ago first quarter. Earnings (Loss) per share are expected to be between a loss of 85 cents and a loss of 95 cents.
American Outdoor Brands’ Q3 Sales Drop 27.4 Percent
Profits at American Outdoor Brands, Inc. dropped 77.0 percent in the third quarter ended January 31 as sales fell 27.4 percent. The maker of outdoor and hunt accessories lowered its outlook for its fiscal year.
JD Sports Appoints Non-Executive Director
JD Sports Fashion Plc appointed Ian Dyson as a non-executive director, effective March 9, 2023. He will join the audit and risk committee and the remuneration committee.
Helen Of Troy Announces Resignation Of CFO
Helen of Troy Limited announced the resignation of chief financial officer, Matt Osberg, effective April 27, 2023. Brian Grass, retired Helen of Troy CFO, is expected to join the company as senior vice president, assistant CFO on March 21, and will become interim CFO beginning April 28.
Patagonia Provisions Acquires Moonshot
Patagonia Provisions, the food and beverage division of Patagonia, has acquired Moonshot, a plant-based snack brand based in San Francisco.
Duluth Trading’s Sales Slide 11 Percent In Fourth Quarter
Duluth Holdings Inc., the parent of Duluth Trading company, reported earnings declined 57.5 percent in the fourth quarter as sales fell 10.7 percent.
Solo Brands, Inc.’s Q4 Wholesale Sales Surge Nearly 200 Percent While DTC Slips
Solo Brands, Inc., parent company of the Solo Stove, Chubbies, Oru Kayak, and Isle brands, saw net sales increase 11.8 percent to $197.2 million in the fourth quarter ended December 31, compared to $176.5 million in the fourth quarter of 2021.
Land Energy Announces Hires And Promotions
Cleveland, OH-based Land Energy, the Light Electric Vehicle (LEV) manufacturer, announced staff additions and promotions, including Evan Painter, named brand director; Ladd Forde was promoted to director of photography; Steve Westover joined the company as an adviser; and Chris Davis was hired as production manager.
ASA Report: Economic Contributions Of Recreational Fishing
The American Sportfishing Association (ASA) released its 2023 Economic Contributions of Recreational Fishing: U.S. Congressional Districts Report, an update to the data collected by the ASA in partnership with Southwick Associates.
Enduro Bearings Expands Distribution In Canada, Central America
Enduro Bearings reported a multi-year distribution agreement with Orange Sport Supply in Canada and Grupo GL in Central America.
Harvest Hosts To Acquire Brit Stops U.K. Motorhome Hosting Service
Harvest Hosts, a membership program that gives RVers access to RV camping options, is acquiring Brit Stops, a company that connects motorhome tourists in the U.K. with a network of small businesses and farms where they can stay overnight free while patronizing the local businesses.
Birkenstock Hires CFO
Birkenstock named Dr. Erik Massmann as chief financial officer, effective immediately. He succeeds Rob Hull, who has taken on new responsibilities outside the company.
Active Sport Recalling CTRL Imperial Wakeboard Bindings
Active Sport, LLC, in cooperation with the U.S. U.S. Consumer Product Safety Commission is recalling certain CTRL Imperial Wakeboard Bindings sold at The House in St. Paul, MN and online at the-house.com, DJ’s Boardshop on Amazon Marketplace and on Amazon.com and eBay.com.
