SGB Update Outdoor

Hest Adds Sales Representation For Pacific Northwest

May 4, 2023

Hest reported that it partnered with Yukon Trading Company for sales representation in the Pacific Northwest region.

Wrangler And Lee Parent Sees U.S. Sales Growth Offset By China Declines

May 4, 2023

Kontoor Brands, Inc., led by Wrangler and Lee brands divested by VF Corp., saw strength in domestic wholesale and direct-to-consumer (DTC) more than offset by decreases in International wholesale, primarily driven by the continued impacts of COVID-policy changes in China.

Solo Brands Swings To Q1 Profit As Sales And Margins Expand

May 4, 2023

Solo Brands, Inc. saw net sales increase 7.3 percent to $88.2 million in the first quarter from $82.2 million in the first quarter of 2022. The increase was primarily driven by new strategic partnerships and continued market penetration within the wholesale sales channel.

Compass Diversified Raises FY Guidance On Above-Plan First Quarter

May 3, 2023

Compass Diversified (CODI) raised its earnings for the year due to a better-than-expected first-quarter performance. Sales on an adjusted basis in its branded consumer segment, which includes Boa, 5.11 and Primaloft, were up 2 percent in the quarter.

Vista Outdoor Posts Heavy Loss On Impairment Charge

May 3, 2023

Vista Outdoor reported a net loss of $294 million after taking an impairment charge of $374 million. Adjusted earnings per share were down 47.1 percent on a sales decline of 8 percent and lower gross margins. Vista forecast sales for the current year to decline by about 6.5 percent.

Norrøna Hires New U.S. Sales Manager

May 3, 2023

Norrøna hired Andi Malboeuf as the U.S. sales manager. She comes to the role from QuietKat, an e-bike company owned by Vista Outdoors, where she was the national sales manager.

OR, Surf Expo Parent Sees Strong Double-Digit Revenue Growth In First Quarter

May 3, 2023

Emerald Holding, Inc., the owner and producer of the Outdoor Retailer and Surf Expo trade shows, reported that first quarter 2023 revenues were $122.3 million, an increase of 24.2 percent versus the first quarter 2022.

Rock Ridge Outdoors Names VP Of Sales

May 3, 2023

Rock Ridge Outdoors, based in Minden, LA, named Janette Palmer as its new vice president of sales.

Rocky Brands Posts Q1 Loss As Wholesale Sales Falter On Retail Inventory Issues

May 2, 2023

Rocky Brands, Inc. reported that first quarter net sales decreased 33.9 percent to $110.4 million compared with $167.0 million in the first quarter of 2022. Wholesale sales for the first quarter decreased 40.2 percent to $80.1 million. The company reported a first quarter net loss of $0.4 million, or a loss of 5 cents per diluted share.

Weyco Group Sees Sharp Uptick In Q1 Profits

May 2, 2023

Weyco Group Inc. reported earnings in the first quarter ended March 31 jumped 80 percent. Sales were up 6 percent as double-digit gains at its Florsheim dress brand offset flat year-over-year sales at its other footwear brands, including Bogs.

Camping World Profit Plummets 95 Percent In Q1 On New Vehicle Decline

May 2, 2023

Camping World Holdings, Inc. reported that first quarter revenue decreased 10.6 percent to $1.5 billion. Net income fell 95.4 percent to $4.9 million.

Big 5 Sees First-Quarter Earnings Decline, Forecasts Weak Q2

May 2, 2023

Big 5 Sporting Goods Corp. reported a sharp decline in earnings in the first quarter ended April 1 on a 7.1 percent same-store decline with cold weather slowing the start of spring selling. Earnings came in line with guidance due to tight expense controls. Big 5 predicted another steep decline in the second quarter with comps expected to be down in the high single-digit range.