SGB Update Outdoor
Vail Resorts’ Debt Ratings Upgraded
Moody’s Investors Service upgraded Vail Resorts, Inc.’s debt ratings to reflect its expectation for solid operating performance over the next year following strength in its 2021/22 ski season, demonstrating consumer demand and good operating execution.
Camber Outdoors Names Chief Of Staff
Camber Outdoors hired Mindy Silva as chief of staff, effective immediately. In this newly created position, Silva will act as a strategic thought partner and advisor to Camber’s CEO, Tiffany Smith.
Deckers Brands’ Q2 Again Driven By Hoka’s Outperformance
Deckers Brands reported earnings and sales both exceeded analyst targets in the second quarter ended September 30 and maintained its outlook for sales and EPS for the fiscal year despite margin pressures. Sales of Hoka surged 58.3 percent year over year in the quarter while sales of Ugg gained 6.3 percent.
Free Fly Apparel Hires Sales Director
Free Fly Apparel, the manufacturer of performance apparel made from bamboo, hired Justin Julian as sales director overseeing the company’s national wholesale business, managing its independent reps and growing the brand in the Western region working with key accounts.
Columbia Sportswear Q3 EPS Tops Wall Street’s Targets
Columbia Sportswear reported earnings surpassed Wall Street’s consensus target in the third quarter ending September 30 as sales grew 22 percent on a constant-currency basis. The company slightly lowered its operating earnings outlook for the year due to margin pressures but maintained its sales guidance.
Vertical Brands Names COO
Vertical Brands, the parent of CB Sports Apparel and Neve Designs, has hired Christopher Pete as COO.
Winchester’s Sales Expand 3.5 Percent In Third Quarter
Winchester sales for the third quarter were $414.1 million compared to $400.0 million in the third quarter of 2021, representing a gain of 3.5 percent.
Peak Design To Open Store In NYC’s Nolita Neighborhood
Peak Design, the maker of everyday carry solutions, will open its first New York City store on October 28 in Nolita, a niche neighborhood in lower Manhattan.
Moncler’s Q3 Sales Climb 12 Percent Currency-Neutral
Moncler S.p.A. reported sales in the third quarter were €638.3 million, up 12 percent currency-neutral compared with the same period of 2021 and 50 percent currency-neutral compared with the same period of 2019.
Boot Barn’s Q2 Sales Advance 12 Percent
Boot Barn Holdings, Inc. reported earnings showed a modest decline in the second fiscal quarter ended September 24 despite a 12.4 percent revenue gain.
VF Corp. Trims EPS Outlook On FX And Promotional Headwinds
VF Corp. reported results in its fiscal second quarter ending October 1 that came in line with Wall Street targets but lowered its EPS guidance for the full year due to foreign currency fluctuations as well as heightened inventory levels and promotional activity in the marketplace.
Shimano’s Revenues Expand 18 Percent In Nine Months
Shimano, Inc. reported sales grew 18.3 percent in the nine months ended September 30 with sales expanding 20.6 percent in the Bicycle Components segment and 9.0 percent in the Fishing Tackle segment.
Feradyne Outdoors Acquires Outdoor Products Innovations
FeraDyne Outdoors acquired Outdoor Product Innovations, Inc. (O.P.I.), the parent company to the Rhino Blinds, Rhino Tree Stands, Capsule Game Feeders, Wicked Tree Gear, LidCAM, and LegCuff brands.
Gear Re-Store Opens East Coast Repair Facility
Gear re-Store opened an East Coast repair facility in the Philadelphia suburb of Folcroft to better serve the company’s Eastern-based customers and ski resorts.
Feedback Sports Hires Director Of Operations Timed With Office Relocation
Feedback Sports, LLC. hired Carl Boni as director of operations. Boni joins the company timed with the occupancy of a new building in Golden, CO this month.
