SGB Update Outdoor
MasterCraft Boat’s Fiscal Q3 Results Top Expectations
MasterCraft Boat Holdings Inc. reported adjusted earnings in the fiscal third quarter ended April 2 matched record earnings in the year-ago quarter despite a 1.5 percent sales decline. The boat maker lifted guidance on the better-than-planned performance.
Wolverine Q1 Sales Slip Despite Momentum For Merrell And Saucony
Wolverine World Wide, Inc. reported sales declined 2.5 percent in the first quarter ended April 1 as strong double-digit gains for Merrell and Saucony were offset by declines at Sperry and its work footwear brands. Results were in line with guidance and Wolverine affirmed its guidance for the year.
Newell Brands Gets Debt Rating Outlook Downgrade
Moody’s Investors Service lowered Newell Brands, Inc.’s debt rating outlook to negative from stable to reflect elevated risks over the next 12 to 18 months that inflation will persist and consumers will remain pressured for the remainder of this year.
NRF Economist Reports Q1 Challenges Bringing Inflation Under Control
During the first quarter, slower-but-continued growth in gross domestic product and other economic indicators showed the difficulty of bringing inflation under control, National Retail Federation Chief Economist Jack Kleinhenz said in the May issue of NRF’s Monthly Economic Review.
Topgolf Callaway Sees Q1 Profits Halved On Lower Golf Equipment Sales, FX Rate Impact
Topgolf Callaway Brands Corp. reported better-than-expected financial results for the first quarter, finishing the quarter ahead of plan. First quarter net revenues grew 12.2 percent, or 15.1 percent on a constant-currency basis, to $1.17 billion. Overall net income decreased 53.2 percent, or $37.7 million on a non-GAAP basis, to $33.2 million in the quarter
NSAA: Ski Area Visits Grow 6.6 Percent In 2022/23 Season; Rockies Led With Nearly 28M Visits
Preliminary numbers from the National Ski Areas Association (NSAA) indicate record visitation at U.S. ski areas for the 2022-23 season, with a total of 64.7 million skier visits, a 6.6 percent increase over the previous season.
GoPro’s Q1 Sales Decline 19 Percent
GoPro reported a loss in the first quarter as sales were down 19 percent year-over-year but revenue topped guidance with subscribers expanding 36 percent year-over-year.
Eastern Mountain Sports Returns To Vermont With New Flagship Store
Eastern Mountain Sports has returned to Vermont with the opening of its 13,518-square-foot two-level flagship store in Burlington on April 21.
Blain’s Farm & Fleet Opens New Store In Rhinelander, WI
Blain’s Farm & Fleet announced it is opening its 45th store in Rhinelander, WI on May 11.
JD Sports To Acquire France’s Groupe Courir; Moves to Simplify JD Brand Subsidiaries
JD Sports Fashion Plc intends to take its first acquisitive steps in fulfilling the growth ambitions, as set out at the Capital Markets Event in February this year. Additionally, the Group is reviewing options to simplify the shareholdings in a number of its subsidiary businesses across Europe
Under Armour Swings To Fiscal Q4 Profit On Footwear Growth; Inventory Up 44 Percent
Under Armour reported that revenue for the fiscal fourth quarter was up 7.5 percent to $1.40 billion (+10 percent currency-neutral) in the period ended March 31. Net income was $170.5 million for the quarter, compared to a loss of $59.6 million in the prior-year quarter.
Rab, Lowe Alpine Names U.S. Marketing Manager
Rab and Lowe Alpine promoted outdoor industry veteran Annalee Loomer to U.S. Marketing Manager, a new role for the company’s domestic marketing department.
Good To-Go Hires Marketing Manager
Good To-Go, founded by Chef Jennifer Scism in 2014 and based in Kittery, ME, hired Kristen Murphy, formerly at Vibram, as marketing manager.
Stio Raises $20 Million In Growth Capital
Stio reported it raised $20 million in capital to support its Mountain Studio retail locations, future product category development and a pivot towards a more diversified omnichannel approach.
Marin Mountain Bikes Names U.S. Sales Chief
Marin Mountain Bikes, Inc., based in Petaluma, CA, hired John Georger as vice president of sales for the U.S. market, effective May 1, overseeing the brand’s outside sales reps and inside sales and customer support teams.
