SGB Update Outdoor
Emerald Holding Posts $47 Million Loss In Second Quarter
Emerald Holding, Inc. had a net loss of $46.5 million for the second quarter 2021 as it continues to be negatively impacted by event cancellations due to the COVID-19 pandemic.
Newell’s Outdoor & Recreation Segment Delivers 28 Percent Growth In Q2
Newell Brands Inc. reported its Outdoor & Recreation segment generated net sales of $453 million in the second quarter compared with $353 million in the prior year period, a gain of 28.3 percent. The improvement reflects core sales growth of 25.0 percent and the impact of favorable foreign exchange. Net sales exceeded the 2019 level.
VF Corp. Lifts Outlook On Q1 Beat
VF Corp. raised its earnings and sales guidance for its fiscal year after reporting results in the first quarter ended June 30 easily topped Wall Street targets. Overall sales in the quarter grew 96 percent in constant dollars. Among major brands, sales grew 102 percent at Vans, 83 percent at The North Face, 63 percent at Timberland and 58 percent at Dickies.
Poler Stuff Opens New Store
Poler Stuff will open the doors of its second Pacific Northwest-based flagship store on August 2.
CODI’s Q2 Revenues Gain 46 Percent
Compass Diversified (CODI) reported sales grew 46.1 percent in the second quarter ended June 30. Adjusted EBITDA nearly doubled.
Deckers Brands Blows Past Wall Street Targets
Deckers Brands reported a surprise profit in the first quarter ended June 30 as sales surged 78.2 percent. Ugg’s sales grew 70.8 percent and Hoka One One soared 95.5 percent. The company slightly raised its guidance for the year.
Outtech Partners With Ani-Logics Outdoors
Ani-Logics Outdoors, a maker of deer nutrition products, announced its partnership with Outtech to support its national sales representation partner across multiple channels.
Blenders Eyewear Expands International Push
Blenders Eyewear, part of Safilo Group, said that following the go-live of its e-commerce platform in Canada and Australia in the first quarter of 2021, it will enter the United Kingdom and Ireland, targeting Europe’s largest e-commerce audiences.
Columbia Sportswear Releases 2020 Corporate Responsibility Report
Columbia Sportswear Company released its 2020 Corporate Responsibility Report, which includes performance highlights and progress made throughout 2020 in the three main areas of focus in its corporate responsibility strategy – empowering people, sustaining places and responsible practices.
Vista Outdoor’s Q1 Sales Climb 38 Percent
Vista Outdoor reported earnings increased more than three-fold in its first fiscal quarter ended June 27 as sales increased 38 percent.
Wolverine Worldwide Scores Record Quarterly Revenues For Merrell And Saucony
Wolverine Worldwide raised its full-year guidance after second-quarter results easily topped Wall Street targets. All-time record quarterly revenue for Merrell and Saucony drove consolidated revenue growth of 81 percent compared to 2020 and 11 percent versus 2019.
Kokatat Announces New Ownership
After 50 years under the direction and ownership of its founder, Steve O’Meara, Kokatat has been purchased by the company’s Director of Operations Mark Loughmiller.
Velocity Cycling App Expands Thought Leadership Team
Vision Quest Velocity LLC, the cycling app, has added Dr. Allen Lim, Dr. Kevin Sprouse, Robby Ketchell and Dr. Phil Skiba to its thought-leadership team.
Moncler’s First Half Sales Surge 58 Percent
Moncler S.p.A reported consolidated revenue reached €621.8 million in the first half, up 58 percent from €403.3 million a year ago.
Bass Pro’s Debt Ratings Upgraded On Improving Performance In First Half
S&P Global Ratings upgraded its issuer credit rating on Great Outdoors, the corporate name of Bass Pro Group, to ‘BB-‘ from ‘B+’ as the retailer’s performance “has been resilient with sales and EBITDA growth continuing through the second quarter this year, ahead of our expectations.”
