EXEC: Thule’s Profits Bounce Back in Third Quarter
Thule Group reported a strong recovery in earnings in the third quarter as sales rose 8.0 percent. Sales in the North American region decreased 15 percent on a currency-neutral basis.
EXEC: Columbia Sportswear Sees Rocky Road Ahead for Wholesale Business
The company is forecasting a low-double-digit percent decline in wholesale net sales in first half 2024. The company added that it expects the wholesale net sales decline will be partially offset by continued growth in the global DTC businesses.
Mystery Ranch Promotes Fleming to Marketing Director
Mystery Ranch promoted Michelle Fleming to marketing director. She has worked for the company since earlly 2021. Most recently, Fleming wasa the senior product marketing manager after two years as product marketing manager.
Newell Outdoor & Recreation Segment Declines Another 20 Percent in Q3
The parent company of Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo. The Outdoor segment’s 20.1 percent sales decrease in the third quarter was the fifth consecutive quarter with a segment sales decline in excess of 20 percent.
Winchester Ammunition Sales Decline 8.2 Percent in Third Quarter
The decrease in Winchester sales was said to be primarily due to lower commercial ammunition shipments and pricing, partially offset by higher domestic and international military sales.
Columbia Sportswear Expects Sharp Decline in Q4 as Pull-Ahead Orders Boost Q3 Sales
Net sales are now expected to increase 0.5 percent to 2.0 percent for 2023, down from the previous range of 2.0 percent to 3.5 percent growth. Fourth quarter net sales are expected to decline 10 percent to 5 percent and the company is also forecasting a low-double-digit percent decline in wholesale net sales in first half 2024.
Leatherman Tool Launches Rewards Program
Loyalty program incentivizes customers with perks, extended warranty and exclusive content
Moody’s Confirms Vista Outdoor’s Debt Ratings On Ammo Business Sale
Moody’s Investors Service confirmed the debt ratings of Vista Outdoor, Inc. following the proposed acquisition of the company’s Sporting Products business by the Czechoslovak Group for $1.91 billion.
Tractor Supply Lowers Guidance On Below-Plan Q3 Revenues
Tractor Supply Company reported earnings improved 8.9 percent in the third quarter but sales came in softer than expected and the rural lifestyle retailer slightly lowered its outlook for the year. Same-store sales were off 0.4 percent due to declines in demand for seasonal goods and big-ticket items.
Super Retail Group Comps Up 2 Percent for 16-Week YTD Period
The Australia-based parent of the Rebel Sports, BCF Outdoor and Macpac outdoor retail chains, provided an update on its year-to-date performance at its annual general meeting on October 25 as it cycles against big increases last year.
Solo Brands CFO To Leave in December
Solo Brands announced that Somer Webb, its CFO, has notified the company of her intent to pursue other opportunities. She will remain with the company until December 10. The company also reaffirmed its guidance for fiscal year 2023.
Brownells Names Chief Revenue Officer
The manufacturer of firearms accessories, gunsmithing tools and firearm parts, promoted Bryan Stuntebeck to chief revenue officer. He has worked for the company for nearly 12 years.
Marine Products Corp. Sees Q3 Boat Unit Sales Fall 24 Percent
The parent of the Chaparral and Robalo boat brands generated net sales of $77.8 million in the third quarter, a 22 percent decrease. Average selling price per boat increased primarily due to a favorable model mix.
Circana Delivers Muted Holiday Retail Outlook
Holiday spending is expected to come close to last year’s results but could fall short by as much as 2.5 percent during the traditional November and December shopping season, according to Circana’s annual Holiday Purchase Intentions study. The outlook was slightly improved when holiday sales falling in October are included.
West Marine’s Debt Ratings Upgraded on Out-of-Court Restructuring
S&P Global Ratings raised its debt ratings on Rising Tide, doing business as West Marine, after the marine aftermarket retailer was able to complete an out-of-court restructuring, exchanging previous debt for equity consideration and adding new debt to the capital structure.
