Camping World Selling More New Models but Lower ASPs Cut into Revenues
New vehicle same-store unit growth turned positive beginning in December 2023, and January and February to date are trending up from mid-single-digit to low-double-digit growth, but dollar volume is suffering from lower average selling prices for new 2024 models.
Play It Again Parent Sees Growth Moderate in 2023 Second Half
Parent company of the Play It Again Sports franchisor and other retail resale banners, reported revenues for the year ended December 30, 2023 were $83.2 million, up from $81.4 million in 2022.
EXEC: Inside the Wolverine Worldwide C-Suite – Assessing the Year Ahead
Fiscal 2024 revenue is expected in the range of $1.7 billion to $1.75 billion, roughly a 5.5 percent decline at the mid-point versus the 2023 revenues. Gross margins are expected to reach 45.5 percent of sales, a record high, and EPS is forecast to improve 5X at the mid-point.
Garmin Posts Solid Q4 Growth in All Active Lifestyle Segments; EPS Up 27 Percent
The company reported that consolidated revenue for the fourth quarter was $1.48 billion, a 13 percent increase compared to the prior-year quarter, with growth across all segments except Aviation.
Wolverine Improves Margins in Tough Q4; Sees Double-Digit Decline for 2024
Fourth quarter revenue from the ongoing business was $521.2 million and declined 18.4 percent on a constant-currency basis, with all segments and brands posting declines.
Camping World Chair and CEO Named Executive Chair at Beyond, Inc.
Marcus Lemonis has been a director of Beyond since October 2023 and the chairman of its Board since December 2023. As executive chairman, he will work closely with the management team to lead and execute Beyond’s strategic priorities.
Malibu Boats, Inc. Sees C-Suite Shuffle; Re-Affirms Outlook
Ritchie Anderson, company COO, was promoted to president, effective immediately. Michael Hooks, chair of the Board, will become executive chair, effective immediately. CEO Jack Springer is leaving the company on/or before May 17, 2024.
Helinox Appoints New Global Executive Team
Andrew Shand was promoted to president and global chief operating officer following five years of building the company’s infrastructure and business in Europe.
Walmart Inc. Tops Wall Street Estimates in Strong Q4 Performance
Consolidated revenue was $173.4 billion for the fourth quarter, up 5.7 percent, or 4.9 percent in constant-currency terms, topping Wall Street estimates. Global e-commerce sales grew 23 percent for the period.
Garmin Awarded No. 2 Spot on Forbes Best Large Employers List
Garmin with awarded the No. 2 spot by Forbes on its 2024 America’s Best Large Employers list, the company’s highest ranking to date, and the highest among tech companies.
Winchester Parent Appoints New President and CEO as Sutton Exits Role
The parent company of Winchester Ammunition appointed Kenneth Lane as president, CEO and director of Olin Corporation, effective March 18. Current president and CEO Scott Sutton will step down on the same day.
Brunt Workwear Moving into Wholesale Market to Expand Reach
On the heels of its third straight year of triple-digit growth, Brunt said it is breaking from its DTC exclusivity with 23 wholesale partners across the U.S.
Outdoor Specialty Retailer Slim Pickins Outfitters to Relocate Store
“We are excited to be on the ground floor of the growth in the tri-cities area … And it’s extra sweet to be located next door to the historic Smokestack Restaurant, where my parents hosted their wedding rehearsal dinner in 1991.” —Heather Dawes, Co-Owner, Slim Pickens Outfitters
EXEC: Fenix Outdoor Swings to Q4 Loss as Sales Shrink, Costs Increase
The company’s Brands segment, which includes Fjällräven, Royal Robbins, Hanwag, and Fenix Outdoor, had sales of €47.3 million in the fourth quarter, falling 14.8 percent from €55.4 million in the prior-year fourth quarter.
Blain’s Farm & Fleet Recognized by Forbes as Best Employer for Sixth Consecutive Year
“Realizing this survey is based on evaluations from our associates and neighbors, I am incredibly proud of their enthusiasm for this company, six years in a row.” —Mark Hasting, President, Chief Commerce and Operating Officer, Blain’s Farm & Fleet
