SGB Update Outdoor
Columbia Sportswear Narrows 2023 Profit Outlook As Q1 Profits Contract Over 30 Percent
Columbia Sportswear Company reported that net sales increased 8 percent (10 percent constant-currency) to $820.6 million in the 2023 first quarter as net income decreased 31 percent. Inventories increased 34 percent at quarter-end on elevated carryover inventory, earlier receipt of current season inventory.
The Rossignol Group Posts 28 Percent Growth For 2022/23 Financial Year
The Rossignol Group, parent of the Rossignol, Dynastar, Lange, Look, and Kerma brands, reported that revenue increased 28 percent to €401 million for the 12-month financial year period ended March 31, 2023, compared to €313 million in revenue for the prior year.
REI To Open Store On Tribal Land In Arizona
REI Co-op will open a store in Prescott, AZ in Fall 2023, leased from the Yavapai-Prescott Indian Tribe and located on tribal land at Frontier Village Center.
Academy Names New CEO And New President As Hicks Moves To Executive Chairman Role
Academy Sports and Outdoors, Inc. announced that, as a result of a planned succession process, the following changes to its executive leadership team will be effective on June 1, 2023.
Brunswick Posts Solid First Quarter Sales and Adjusted Profits
Brunswick Corporation reported consolidated net sales of $1.74 billion for the first quarter of 2023, up 2.8 percent from $1.70 billion in the first quarter of 2022. Diluted EPS for the quarter was down 30.7 percent to $1.56 a share on a GAAP basis but up 1.6 percent to $2.57 a share on an adjusted basis.
Velous Footwear Inks Sales Rep Deals Across Four Regions
Velous Footwear reportedly signed with four sales organizations in the U.S., Australia, New Zealand, Europe, and Southeast Asia to expand its sales channels and increase worldwide product availability.
Tractor Supply Sees Q1 Profit Decline As Comps Fall Short Of Plan On Weather Issues
Tractor Supply Company reported that net sales for the first quarter increased 9.1 percent to $3.30 billion from $3.02 billion in the first quarter of 2022. Comparable store sales increased 2.1 percent, as compared to an increase of 5.2 percent in Q1 last year first.
Osprey, Hydro Flask Parent Sees Flattish Q4 Growth From Home & Outdoor Segment
Helen of Troy reported sales in the Home & Outdoor segment, which includes OXO, Hydro Flask and Osprey, increased 0.5 percent in the fiscal fourth quarter ended February 28, to $211.9 million. Helen of Troy also gave soft guidance for the segment in the current fiscal year, expecting sales to range from a decline of 1.7 percent to growth of 1.0 percent.
U.S. Consumer Confidence Dips To Lowest Level Since July
According to the Conference Board, U.S. consumer confidence dropped in April to the lowest since July on more pessimistic views about the economic outlook, even as current conditions improved.
Dick’s SG Closing Store In Knightdale, NC
Dick’s Sporting Goods is closing its store in Knightdale, NC, by May 20. The retailer opened the store in 2008.
Scarpa Hires Sales Agency For Mid-Atlantic Region
Scarpa hired the Alpin Sports Group to direct sales for the brand in the Mid-Atlantic.
Outdoor Apparel Company SheFly Rebrands As Gnara
Outdoor apparel company SheFly reportedly rebranded as Gnara. Part of the reason may be because Turkey-based Melik Tenstil Group is using the Shefly brand name to sell its fashion apparel at wholesale prices.
Sherpa Adventure Gear And Artilect Brands Get New U.S. Sales Director
Bradshaw Taylor hired Emily McKissock as director of U.S. sales for Artilect and Sherpa Adventure Gear.
Survey: RV Shipments Fall 51 Percent In March; Park Models Buck Negative Trend
The RV Industry Association reported that its March 2023 survey of manufacturers found that total RV shipments ended the month with 31,869 units, a decrease of 50.8 percent compared to the 64,778 units shipped in March 2022.
Shimano Trims Outlook As Q1 Cycling Segment Sales Decline
Shimano slightly lowered its outlook for the year after reporting earnings declined in the first quarter on a 12.5 percent revenue decline. Sales in the Bicycle Components segment were down 17 percent in the first quarter while Fishing Tackle segment sales were up 7 percent.
