SGB Update Outdoor
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.
Sidi Sport Acquired By Italian Investment Company
Sidi Sport, the Italian cycling and motorcycling footwear brand, has been acquired by Italmobiliare.
Winchester’s Q2 Sales Climb 9 Percent
Winchester sales for the second quarter were $439.9 million compared to $404.0 million in the second quarter of 2021, a gain of 8.8 percent, according to Olin Corp.
Deckers Brands Lifts FY Outlook On Blowout Q1 For Hoka
Deckers Brands slightly raised its EPS guidance for its fiscal year after reporting earnings and sales in the fiscal first quarter ended June 30 topped Wall Street’s targets. The gains were led by an outperformance by Hoka, with sales up 54.9 percent year-over-year.
VF Corp. Lowers FY Outlook Due To Currency Impact
VF Corp. reported sales on a currency-neutral basis rose 7 percent in its fiscal first quarter ended July 2 as 37 percent growth at The North Face offsetting a 4 percent slide at Vans. Earnings and sales were below analyst targets, and VF lowered its guidance for the year to reflect ongoing negative impacts from foreign currency fluctuations.
