EXEC: Royal Robbins Parent Sees “Disappointing” Q2 as Inventory Woes Persist
Fenix said the retailer market still faced a situation with higher-than-normal inventory, as well as volatile trading because of weather and said there are also indications that a number of retailers are facing some liquidity/financial problems.
MNC Capital Open to Make Direct Tender Offer to Vista Shareholders at $42 a Share
MNC said it is committing to its previously announced fully financed $42 per share all cash offer for Vista Outdoor Inc as a consolidated entity, and that it will not reduce the $42 per share price. Vista Outdoor is taking issue with the MNC media release.
American Outdoor Brands Promotes Kersker to VP of Outdoor Sales
Kersker joined the company in 2016 as a sales manager and was later promoted to director of sales. Most recently he was the senior director of sales.
Vista Outdoor Delays Stockholder Vote Again as CSG Raises Bid for Ammo Unit
In the latest chapter of a saga with more twists and turns than the election process in the U.S. this year, the Vista Outdoor Board of Directors will adjourn a special meeting of stockholders after CSG Group sweetens ammo deal.
Vista Outdoor Reaffirms Fiscal Year Guidance
The company sees consolidated company sales in the range of $2.665 billion to $2.775 billion and Adjusted EBITDA in the range of $410 million to $490 million for the fiscal year ended March 31, 2025.
Vista Outdoor Warns on Fiscal Q1 Sales, Profit Declines; Reaffirms FY Guide
Vista Outdoor reported preliminary results for the fiscal first quarter but did not report consolidated numbers, opting instead to report results for its two business segments, Outdoor Products and Sporting Products.
NMMA Promotes Berry to VP of Engineering Standards
Scott Berry has been with the National Marine Manufacturers Association since 2018, most recently as senior director of engineering. In his new role, Berry will take a greater leadership role in ongoing oversight of all certification programs.
GoPro Takes Movie Goers Into the Eye of The Storm in Twisters
Director Lee Issac Chung and the team behind Twisters found GoPro cameras invaluable in making the action movie coming to U.S. theaters on July 19.
The Conservation Alliance Welcomes New Executive Director
Hendricks joined TCA from Rivian, where he was the director of community sustainability. Before Rivian, Hendricks was an instructor in the University of Colorado’s Masters of the Environment Program and spent eight years leading Patagonia’s social and environmental impact initiatives.
Black Diamond Parent Taps Tripp Wycoff to Lead Rhino-Rack Americas Unit
Former Thule executive Tripp Wyckoff is now general manager of the Americas, David Cook is global head of OEM and Daniel Bruntsch is head of EMEA sales for the segment that manages the Rhino-Rack, Maxtrax, and Tred Outdoors brands.
EXEC: Mips Posts Sharp Increase in Q2 Sales as Bike Helmets Recover
Mips saw its turnaround efforts pick up significant momentum in the second quarter, posting strong growth and doubling its earnings for the three-month period ended June 30.
Play It Again Sports Parent Sees Flat Q2 on Planned Decline in Leasing Revenue
The company recently made the decision to no longer solicit new leasing customers and pursue an orderly run-off of its middle-market leasing portfolio. Resulting leasing revenue was halved year-over-year.
EXEC: Thule Posts Tepid Q2 Sales Growth; U.S. Market Seen as “Weak but Positive”
The North American market continued to be challenging with a high level of promotional activity. Sales of bike-related products, Juvenile & Pet and Thule branded products in Packs, Bags & Luggage showed growth in the region.
Report: Fishing Participation Sees Growth But Too Much Turnover
The Recreational Boating & Fishing Foundation (RBFF) reported that the post-pandemic increase in fishing participation continues to set record numbers on the water; however, data from a recent report found that churn poses a challenge for the industry, especially among female participants.
U.S. Census Bureau Reports 1.3 Percent YoY Growth for June Core Retail Sales
June’s core retail sales as defined by NRF, based on the Census data but excluding automobile dealers, gas stations and restaurants, were up 0.9 percent seasonally-adjusted MoM and up 1.3 percent unadjusted YoY.
