SGB Update Outdoor
GoPro Sees Flat Revenue Growth In Second Quarter
GoPro, Inc. announced sales that were essentially flat year-over-year in the second quarter ended June 30 but saw strong subscriber growth and said earnings topped expectations.
Fox Factory Increases Full-Year Revenue Outlook On Above-Plan Second Quarter
Fox Factory Holding Corp. reported earnings and sales came in ahead of company guidance and the company raised its sales outlook for the year. Sales in the second quarter rose 23.9 percent with a 28.1 percent increase in its Specialty Sports Group segment and a 20.9 percent increase in Powered Vehicles Group sales.
Yeti Lowers 2022 Outlook On Weakening Consumer Trends
Yeti Holdings, Inc. reported sales grew 17 percent in the second quarter but both sales and earnings were slightly below Wall Street’s consensus estimates. Yeti also slashed its earnings guidance and lowered its sales guidance for the year due to “macroeconomic conditions and the state of the consumer.”
Sturm, Ruger’s Sales Drop 30 Percent in Second Quarter
Sturm, Ruger & Company, Inc. announced that for the second quarter of 2022, the company reported net sales of $140.7 million against $200.1 million a year ago, representing a decline of 29.7 percent.
Compass Diversified’s Q2 Sales Climb 19 Percent
Compass Diversified Holdings reported net sales growth of 19 percent in the second quarter drove record quarterly earnings. The conglomerate raised its full-year outlook given the continued strong performance and PrimaLoft acquisition. “The second quarter marks our sixth consecutive quarter of record financial performance, which is a continued testament to the strength of our management […]
Winmark Announces Governance Changes
Winmark Corp. announced that Paul C. Reyelts had informed the company of his decision not to stand for re-election to its Board of Directors at its next annual shareholder’s meeting in April 2023.
MidwayUSA Appoints Director of Merchandising, Shooting
MidwayUSA’s Ryan Cokerham was recently promoted to director of merchandising, shooting.
JD Sports Appoints New CEO
JD Sports appointed Régis Schultz as its new CEO. Schultz was president of retail for Dubai-based Al-Futtaim Group since 2019.
NICS Firearms Background Checks Slide 4.5 Percent In July
The July 2022 NSSF-adjusted National Instant Criminal Background Check System (NICS) fell 4.5 percent to 1.23 million compared to the July 2021 NSSF-adjusted NICS figure of 1.28 million.
Weyco Group Sees 29 Percent Q2 Growth
Weyco Group Inc.’s earnings improved in the second quarter ended June 30 as sales were up 29 percent. Bogs increased 35 percent to represent record second-quarter sales.
Rocky Brands Q2 Sales Expand 23 Percent
Rocky Brands, Inc. reported earnings were down in the second quarter ended June 30 due to lower gross margins tied to supply-chain challenges. Sales grew 23 percent.
Camping World’s Q2 Profits Dip
Camping World Holdings, Inc. reported net income declined 19.5 percent in the second quarter ended June 30 as sales grew 5.2 percent. Gross margins eroded due to the higher cost of vehicles.
Big 5’S Q2 Sales Drop Against Challenging Comparisons
Big 5 Sporting Goods Corp. reported same-store sales fell 22.3 percent in the second quarter ended July 3 against tough comparisons in the year-ago quarter. Sales were below company guidance but both earnings and sales surpassed any pre-pandemic second quarter.
Mystery Ranch Adds Director Of Product
Mystery Ranch hired Dana 3 Gleason as director of product. He is the son of Dana Gleason, Jr., company co-founder.
MidwayUSA Promotes Director Of Merchandising, Hunting & Outdoors
MidwayUSA’s Travis Rodgers was promoted to director of merchandising for the Hunting & Outdoors category.
