Daniel Defense Names New CEO
Daniel Defense, the manufacturer of firearms and accessories, reported that Rod Reasen will assume the role of chief executive officer. He will report directly to founder, owner and chairman of the board, Marty Daniel.
Johnson Outdoors Sees Weaker Fiscal Q4 Margins On Stronger Sales
Johnson Outdoors, Inc. is reporting higher sales and decreased earnings results for the company’s first fiscal quarter ending December 30, 2022.
Deckers Brands Lifts Outlook As Hoka’s Q3 Revenues Surge Over 90 Percent
Deckers Brands raised its guidance for its fiscal year as sales and earnings in the fiscal third quarter surpassed Wall Street’s consensus targets on a 90.8 percent jump in Hoka’s revenues. Ugg’s sales dipped 1.6 percent in the period.
Columbia Sees Q4 Net Income Fall 20 Percent Despite Solid Sales Growth
Columbia Sportswear Company reported that fourth-quarter net sales increased 4 percent (8 percent constant-currency) to $1.17 billion from $1.13 billion for the comparable period in 2021.
NRF Economist Sees 2023 Recession As Unlikely Prospect
The National Retail Federation Chief Economist, Jack Kleinhenz, believes a recession is unlikely in 2023, and the economy should see slight growth for the year as consumers continue to manage through inflation and high interest rates.
Brunswick Reports Double-Digit Fourth Quarter Sales Growth
Brunswick reported consolidated net sales of $1,58 billion in the fourth quarter of 2022, up
from $1,43 billion in the fourth quarter of 2021. Diluted EPS for the quarter was $1.93 on a
GAAP basis and $1.99 on an as adjusted basis.
American Outdoor Brands Files Suit Against Allen
American Outdoor Brands, Inc. filed a complaint against The Allen Company, Inc. alleging repeated infringement by Allen of American Outdoor Brands’ patent rights incorporated in a variety of products.
Vista Outdoor’s Fiscal Q3 Earnings Slump 39 Percent
Vista Outdoor, Inc. reported earnings on an adjusted basis fell 39.2 percent in its fiscal third quarter ended n December 25, as sales declined 5 percent. Sales dropped 13 percent in its Sporting Products segment while gaining 5 percent in its Outdoor Products segment. The company slightly downwardly adjusted its guidance for the year.
Costco January Comps Fall 15.4 Percent
Costco Wholesale Corporation reported net sales of $16.84 billion for the retail month of January, the four weeks ended January 29, 2023, an increase of 6.9 percent from $15.76 billion last year.
B.A.S.S. Extends Multiyear Sponsorship With Garmin
B.A.S.S. and Garmin renewed their multiyear sponsorship of the Bassmaster Tournament Trail.
SK Guns Names Chief Creative Director
SK Guns named Peter Grillone as chief creative officer, responsible for leading a team of designers, historians and copywriters on the growth of the SK brand.
Brunswick Sees Fast Start On Winter Boat Show Circuit
Brunswick Corp. reported a solid start to the 2023 boat show season, highlighting the “continued market momentum and showcasing of its ACES Innovation strategy.”
American Outdoor Brands Expands Missouri HQ Lease Space
American Outdoor Brands, Inc. will expand the lease at its Columbia, MO headquarters and distribution center, effective January 1, 2024.
Wiley X Opens New HQ In Frisco, TX
As Wiley X, the family-owned eyewear brand celebrates its 35th Anniversary, it also opened its new headquarters in Frisco, TX.
NRF Supports Recently Enacted Organized Retail Crime Legislation Bills
The National Retail Federation’s SVP of Government Relations, David French, issued a supporting statement after the Combating Organized Retail Crime Act of 2023 and the Organized Retail Crime Center Authorization Act were introduced in the U.S. Senate.
