SGB Update Outdoor
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.
Primary Arms Adds Firearms & Ammunition Buyer
Primary Arms has hired Tyler Helgeson as a firearms & ammunition buyer.
Creedmoor Sports Promotes VP Of Operations
Creedmoor Sports, the maker of shooting equipment, promoted John Teachey to vice president, operations.
Clarus Bangs Out 57 Percent Q2 Revenue Gain
Clarus Corp. reported profits jumped 105 percent for the second quarter ended June 30. Sales grew 57 percent, boosted by the acquisitions of Rhino-Rack and Maxtrax as well as 22 percent organic sales growth. Sales of the Outdoor segment, led by Black Diamond, increased 17 percent. The company maintained its full-year guidance.
Camping World To End NASCAR Support
Camping World is ending its longtime NASCAR Truck Series sponsorship after this season after holding the role of title sponsor for more than a decade.
WSL And Boardriders Cancel 2022 Quiksilver/ROXY Pro France Challenger Series
The World Surf League (WSL) and Boardriders announced the cancellation of the 2022 Quiksilver/ROXY Pro France. Despite continued efforts to maintain the event, the WSL and Boardriders have agreed on the decision to cancel this year’s competition in Hossegor, France.
Compass Diversified Terminates Agreement To Sell Advanced Circuits
Compass Diversified (CODI) announced that its majority-owned subsidiary, Advanced Circuits, terminated its previously announced agreement and plan of merger, dated October 13, 2021, pursuant to which Advanced Circuits was to be sold to Tempo Automation, Inc.
Canyon Bicycles Received $30M Investment Led By LeBron James & Partners
Canyon Bicycles announced a $30 million equity investment led by LRMR Ventures, LeBron James, Maverick Carter’s family office, and S.C. Holdings, a U.S. private equity firm. The investment values the direct-to-consumer cycle brand at €750 million.
Recall: PIEPS And Black Diamond Avalanche Transceivers
Black Diamond Equipment has recalled about 76,300 PIEPS and Black Diamond avalanche transceivers due to the risk of losing emergency communications.
Newell Brands’ Outdoor & Recreation Segment Sees 2.5 Percent Q2 Core Sales Growth
Newell Brands reported sales in its Outdoor & Recreation segment reached $427 million compared with $453 million in the prior year period, down 5.7 percent. The declines reflect core sales growth of 2.5 percent offset by exits from low margin categories and unfavorable foreign exchange.
