SGB Update Outdoor

Vail Resort’s Strong Recovery In Fiscal 2023

Vail Resorts, Inc. reported results for its fourth quarter and fiscal year ended July 31 outperformed results from the prior year primarily due to the impact of COVID-19 and related limitations and restrictions on results for the previous year. Season-to-date season pass sales are ahead 7 percent, and the company provided a favorable outlook for its current fiscal yea

VF Corp. Introduces Fiscal Year 2027 Long-Term Strategic Plan

At its 2022 Investor Day in Denver, CO, VF Corp. will introduce its fiscal year 2027 (FY27) long-term strategic growth plan that calls for sales to climb mid- to high-single-digit percent in constant dollars on average over the next five years with faster earnings growth. VF also downwardly revised its FY23 outlook due partly to lower-than-expected current quarter results.

Thor Industries Sees Q4 Sales Expand 6.4 Percent

Profits at Thor Industries, Inc. climbed 22.0 percent in the fourth quarter ending July 31 as sales for the manufacturer of recreational vehicles rose 6.4 percent and gross margins improved 90 basis points.

Samsonite’s Debt Ratings Upgraded By S&P

S&P Global Ratings upgraded the debt ratings of Samsonite International S.A. to ‘BB-‘ from ‘B+’ as the luggage company’s sales recovered through the first half of fiscal 2022, and modest continued global travel upside is expected to improve performance through 2023.

Downlight Outdoor Expands Canadian Processing Facility

Downlite Outdoor, a division of Downlite, a down and feather processor and supplier of responsibly sourced performance fills to the outdoor, home furnishings, and hospitality markets, expanded its facility by 50 percent in Mississauga, Canada.

August RV Shipments Slide

Results for the RV Industry Association’s August 2022 survey of manufacturers determined that total RV shipments ended the month with 33,783 units, a decrease of 36.0 percent compared to the 52,819 units shipped in August 2021.

Eddie Bauer Appoints CEO

Sparc Group announced that Tim Bantle is joining the company as CEO of Eddie Bauer. Most recently, Bantle was GM of VF Canada, leading the company’s local outdoor and action sports platform. Before VF Canada, Bantle held leadership positions at The North Face, Black Diamond Equipment and Patagonia.

Headrest Safe Appoints Chief Manufacturing Officer

The Headrest Safe Company, LLC said Jeff Naranjo accepted the position as chief manufacturing officer overseeing the company’s manufacturing processes, its sources, suppliers and vendors.