GoPro’s Q2 Sales Drop Double-Digits
GoPro, Inc. reported sales declined 23 percent in the second quarter ended June 30, to $186 million, although results exceeded guidance and subscribers saw growth.
EXEC: Vista Outdoor Sees Revelyst Turnaround Plan on Track
Eric Nyman, co-CEO of Vista and CEO of the Revelyst outdoor products business, insists Revelyst is on the road to recovery, forecasting sales trends will steadily improve and reaffirmed Vista’s target to double Revelyst’s standalone adjusted EBITDA in FY25.
Bogs Drags Down Parent’s Q2 as Outdoor Retailers Exhibit Caution
Bogs posted a 33 percent decline in wholesale sales in the second quarter tumbled, but the parent Weyco Group is forecasting sales for the outdoor footwear brand would stabilize in coming quarters.
The Running Event Leaving Austin in 2025 but Stays Close to Longtime Home
The Running Event (TRE) is moving to San Antonio, TX, for TRE 2025 in November 2025, and the change looks to be permanent.
Bogner’s CEO To Exit at Year’s Close, Bogner Family to Sell Shares
Bogner reported that CEO Gerrit Schneider had decided to leave the company at the end of 2024 in order to accept a position at another company. The Munich-based lifestyle and luxury sports fashion company also said Daniel Hiendlmeier has been appointed to the management board and the Bogner family has decided to sell shares in the firm to a strategic partner.
Vista Outdoor’s Fiscal Q1 EPS Dips as Outdoor Segment Sales Sink Mid Teens
Revelyst outdoor segment sales declined 13.6 percent year-over-year to $274 million in the fiscal first quarter, while the Ammo segment saw sales decrease 1.6 percent to $370 million for the fiscal first quarter ended June 30.
Rapha Appoints New CEO
Fran Millar replaces Francois Concervey. She has been with the company since 2015 as chief brand and marketing officer. Her background in the cycling industry includes roles with Team Sky and Team Ineos, where she played a “critical role in securing seven Tour de France victories.”
EXEC: Johnson Outdoors to Double-Down on Cost-Cutting Amid Sales Struggles
Helen Johnson-Leipold, chairman and CEO, told analysts that “continued tough marketplace conditions significantly impacted Johnson Outdoor’s results through the quarter, with consumer demand for outdoor recreation products remaining depressed across all of the company’s categories through the peak season.”
Adidas’ Head of Global Operations to Exit
Martin Shankland plans to step down as head of global operations and leave the company after 27 years with the brand. Shankland is also an Executive Board member and will officially step down on August 10.
Dick’s SG to Close Remaining Moosejaw Stores
Moosejaw, acquired by Dick’s Sporting Goods in March 2023, will close its remaining three stores. Moosejaw’s company website was integrated into the Public Lands website, the outdoor arm of DKS.
Report: High Prices Top Back-To-School Stressors for Parents
RetailMeNot’s 2024 BTS survey found that parents sending their kid(s) back to grade school will spend, on average, $506, and those sending their college-age kids BTS will spend, on average, $821.
Lightspeed Commerce Narrows Fiscal Q1 Loss as Revenues Increase 27 Percent
Transaction-based revenue was $174.1 million, an increase of 44 percent year-over-year, and Subscription revenue came in at $83.3 million, an increase of 6 percent year-over-year.
U.S. Manufacturing Sector Contracted in July for Fourth Consecutive Month
The ISM is reporting that economic activity in the manufacturing sector contracted in July for the fourth consecutive month and the 20th time in the last 21 months.
EXEC: Marucci is “Standout Performer” in Fox Factory’s Q2; Bike Biz Stabilizing
Marucci, acquired in November 2023, was a “standout performer” for Fox Factory Holding Corp. in the second quarter, Mike Dennison, Fox Factory’s CEO, said on an analyst call. Fox Factory’s bike business was down, but the category’s prolonged destocking phase has shown signs of nearing an end.
Johnson Outdoors Sees Fiscal Q3 EPS Fall Nearly 90 Percent Year-over-Year
The company reported that challenging marketplace conditions, primarily due to lower consumer demand for outdoor recreation products and heavy promotional activity, impacted performance.
