SGB Update Outdoor
VanMoof Appoints President
VanMoof has hired Gillian Tans as president. She accepted the position effective immediately.
Emerald’s Sales Bounce Back In First Quarter
Emerald Holding, Inc. reported revenues of $98.5 million for the first quarter of 2022, an increase of $85.6 million, or 663.6 percent, from $12.9 million in revenue for the first quarter of 2021.
Johnson Outdoors Profits Slump In Q2
Johnson Outdoors profits fell in the second fiscal quarter ending April 1, 2022 as sales declined 8 percent against tough comparisons in the year-ago period.
Moncler’s Sales Jump 61 Percent In First Quarter
Moncler SpA posted higher revenue for the first quarter with strength in Moncler and the recently-acquired Stone Island fashion brand.
Patagonia Appoints Marketing Director For EMEA
Tyler LaMotte returns to Patagonia as marketing director for Europe, the Middle East and Africa (EMEA).
Icebreaker Names General Manager EMEA
Icebreaker, the performance apparel brand owned by VF Corp., has promoted Josh Vaughan, its current sales director for Europe, the Middle East and Africa, to EMEA general manager.
Adidas’ Q1 Sales Dip On Supply Chain Constraints And China Weakness
Adidas reported continued double-digit growth in Western markets in the first quarter, but overall sales were down 3 percent on a currency-neutral basis due to supply chain disruptions and a 35 percent tumble in Greater China. FY22 earnings and sales are now expected to reach the lower end of guidance due to the impact of COVID-19-related lockdowns in Greater China.
Under Armour Sees 3 Percent Growth In March Quarter
Under Armour reported sales grew 3 percent in its transition quarter ended March 31 and forecasted sales for the current fiscal year would expand in the range of 5 percent to 7 percent. Sales and the adjusted loss in the period were slightly below Wall Street’s expectations.
GoPro’s Sales Climb 6 Percent In The First Quarter
GoPro Inc. reported a profit against a loss in the first quarter as sales grew 6 percent. GoPro subscribers jumped 85 percent year-over-year to 1.74 million.
United Sports Brands Acquires Pearl Izumi
United Sports Brands announced that it has acquired Pearl Izumi USA, the manufacturer of cycling apparel and accessories. Pearl Izumi will join USB’s portfolio of protective and performance sports equipment sold under the Shock Doctor, McDavid, Cutters, Nathan, and Glukos brands.
Leadership Succession At Chattanooga Shooting Supplies
Ron Staffieri, CEO of Chattanooga Shooting Supplies (CSSI), will retire on December 31, 2022. As part of a succession plan, Bill Sumner has been appointed president effective June 30, 2022, at which time he will assume leadership responsibility for the company’s daily operations.
Newell Brands Appoints President And CFO
Newell Brands Inc. announced that Chris Peterson, chief financial officer and president, Business Operations, has been named president and chief financial officer.
Compass Diversified Sees 25 Percent Revenue Growth In Q1
Compass Diversified Holdings (CODI) reported earnings from continuing operations rose 41 percent as sales gained 25 percent. The parent of a number of businesses in the active lifestyle space raised its earnings guidance for the year.
Fox Factory Sees 34 Percent Growth In Q1
Fox Factory Holding Corp. reported earnings on an adjusted basis grew 44.5 percent in the first quarter ended April 1 on a 34.4 percent revenue gain.
Vista Outdoor’s Q4 Profits Double On 36 Percent Revenue Gain
Vista Outdoor reported earnings on an adjusted basis doubled in the fiscal fourth quarter ended March 31 as sales grew 36 percent. Sales grew 56 percent in the Sporting Products segment due to strong demand, increased volume from the Remington acquisition and favorable pricing and mix. Outdoor Products segment sales grew 15 percent, by double-digit growth across Outdoor Recreation.
