SGB Update Outdoor
Newell Brands Sees Double-Digit Growth In Outdoor & Recreation Segment
Newell Brands said its Outdoor & Recreation segment generated net sales of $388 million in the first quarter compared with $336 million in the prior-year period of 15.5 percent. The gain reflects core sales growth of 22.9 percent, partially offset by the impact of exits from low margin categories and unfavorable foreign exchange.
Fenix Outdoor’s Revenues Climb 30 Percent In First Quarter
Fenix Outdoor, based in Switzerland, reported sales grew 30 percent in the first quarter to €165.2 million ($174 mm) from €127.1 million a year ago.
Winchester’s Q1 Revenues Climb Nearly 10 Percent
Winchester sales for the first quarter were $426.7 million, up 9.6 percent compared to $389.2 million in the first quarter of 2021, according to its parent, Olin Corp. The increase in Winchester sales was primarily due to higher commercial ammunition pricing.
Osprey CEO Steps Down
Osprey announced that Layne Rigney would step down as CEO. The move follows the December sale of Osprey to Helen of Troy, Ltd.
Columbia Sportswear Raises Earnings Guidance On Q1 Beat
Columbia Sportswear Company’s earnings rose 20 percent in the first quarter ended March 31 on a 22 percent revenue gain. The company raised its EPS guidance for the year, with earnings topping Wall Street targets. Among brands, the largest gain came from Sorel, up 37 percent year-over-year, followed by Columbia, up 22 percent, with mid-single-digit gains at Prana and Mountain Hardwear.
KOA Report: A Record 57 Million Households Camped In 2021
Kampgrounds of America, Inc.’s 2022 North American Camping Report found that 57 million households reported going on at least one camping trip in 2021, an 18 percent increase compared to 2020 and the greatest year-over-year change since KOA began reporting the numbers.
Fish Monkey/Hunt Monkey Expands Management Team
Fish Monkey/Hunt Monkey announced the internal promotion of Russ Means following the recent expansion of its management team. Formerly the pro staff manager for both brands, Means assumes the director of operations role.
Gordini Makes Key Hires, Expands Sales And Marketing Team
Gordini announced key hires toward its commitment to responsible production and value-driven business best practices. The company appointed a new social and environmental impact director timed with expanding its sales and marketing team.
Sportsman’s Warehouse To Open Stores In Saratoga Springs And Stansbury Park, UT
Sportsman’s Warehouse Holdings Inc. is opening new stores this month in Saratoga Springs and Stansbury Park, UT.
Unifi’s Q3 Sales Climb 12 Percent
Unifi, Inc. reported earnings declined 56.3 percent in the third fiscal quarter ended March 27 as lower gross margins offset a 12.3 percent revenue gain. The parent of Repreve said sales and profitability were in line with expectations.
Dick’s Sporting Goods And Public Land Pilot In-Store Buy-Back Program
Dick’s Sporting Goods and Public Lands, the outdoor arm of Dick’s Sporting Goods, will pilot an in-store buy-back program for select hard and soft gear in select markets.
Moosejaw Launches Outdoor Gear Rental Program
Moosejaw has launched a gear rental program. The program ships to any destination in the U.S. Outbound and return shipping is free for most rentals. The online access to gear rentals includes brands Big Agnes, Kelty, Marmot, and MSR.
Nathan Sports To Open Flagship Store In Southern California
Nathan Sports will open its first retail store in Costa Mesa, CA, offering its newly launched apparel and sunglasses collection and running hydration options, including vests, packs, handhelds, and belts. The grand opening begins on April 29.
Higg Raises $50M In Series B Funding Round
Higg Co, the technology company behind the Higg Index platform, announced its $50 million Series B funding round. The funding is co-led by technology growth investor Silversmith Capital Partners, Tom Steyer and Katie Hall’s Galvanize Climate Solutions, along with participation by Series A partners Titan Grove and Buckhill Capital.
Helen Of Troy’s Home And Outdoor Segment Q4 Sales Climb 30 Percent
Helen Of Troy said sales in its Home & Outdoor segment, which includes OXO, Hydro Flask and Osprey, increased 29.8 percent in the fourth quarter ended February 28, to $210.8 million. About half of the percentage increase reflects the acquisition of Osprey.
