SGB Update Outdoor
Yeti Lifts FY EPS Guidance After Q1 Tops Expectations
Yeti Inc. raised its 2022 EPS outlook after reporting first-quarter sales and earnings slightly ahead of Wall Street’s consensus estimate. Sales in the quarter ended April 2 rose 19 percent with gains of 24 percent in drinkware and 10 percent in coolers and equipment.
Scandinavian Outdoor Group Appoints Chairman
Isbjörn of Sweden founder and CEO Maria Frykman has been appointed chairman of the Scandinavian Outdoor Group (SOG). Frykman will take over from David Ekelund, CEO of Icebug AB, who has held the position since 2013. He is moving to a role within the European Outdoor Group (EOG).
Callaway Golf’s Q1 Sales Surge 60 Percent
Callaway Golf reported net revenues in the first quarter increased 59.6 percent to $1.04 billion. The gains were driven by the acquisition of Topgolf but also double-digit growth in its Golf Equipment business as well as Apparel, Gear and Other business. The company raised its guidance for earnings and sales for the year.
SA Consumer Product Announces Promotions
SA Consumer Products, the maker of gun safes and home and office safes, promoted Ben Lavallee to president, Sporting Goods Division; Matt Lyons to president, Safe Division; and Rich Glogovsky to senior vice president, Manufacturing and Engineering.
MDT Sporting Goods Acquires Long Range Arms
MDT Sporting Goods announced the acquisition of Long Range Arms (LRA), best known for its Send-iT series of electronic shooting levels and other products such as Palma sights.
U.S. Ports Set New Record For Imports
Imports at the nation’s major retail container ports set a new record this spring and are expected to see near-record volume this month as retailers bring in merchandise ahead of rising costs and further supply chain issues, according to the monthly Global Port Tracker report released by the National Retail Federation.
Obit: B.A.S.S. Founder Ray Scott, Father Of Modern Bass Fishing
Ray Scott, considered the Father of Modern Bass Fishing, passed away on May 8. He was was 88 years old.
Clarus’ Q1 Sales Climb 50 Percent On Acquisitions
Clarus Corporation reported sales jumped 50 percent in the first quarter, which ended March 31, largely due to the acquisitions of Rhino-Rack and MaxTrax. Sales on a proforma basis grew 6 percent. Sales of the Outdoor segment, led by Black Diamond, were impacted by logistics challenges.
Glacier Glove Acquired By Elvisridge Capital
Elvisridge Capital, based in Beachwood, OH, has acquired Glacier Outdoor, Inc. doing business as Glacier Glove. The terms of the transaction were not disclosed.
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.
