SGB Update Outdoor
Johnson Outdoors Profits Shrink on Mid-Teens Decline in Fiscal Q2 Sales
More than half of Camping’s decline was said to be due to the divestiture of the company’s Military and Commercial Tents (Eureka!) business last year and Diving sales were impacted by geopolitical issues affecting travel to certain regions of the world.
Clarus Sees Q1 U.S. Outdoor Wholesale Growth Offset by Weaker Europe and Distributors
The Black Diamond-dominated Outdoor segment sales were $47.0 million, compared to $52.8 million in the year-ago quarter, due primarily to weakness in European and independent global distributor markets, partially offset by growth in the North American wholesale channel.
Fox Factory Posts Q1 Loss as Sales Fall in Mid-Teens, Bike Sales Post $65M Decline
Net loss in the first quarter of fiscal 2024 was $3.5 million, compared to net income and net income margin of $41.8 million and 10.4 percent, respectively, in the first quarter of the prior fiscal year.
Vail Resorts Shifts Europe Leadership, Closes Crans-Montana Acquisition
Vail closed on the purchase of Crans-Montana Mountain Resort. The acquisition represents the company’s second strategic investment to own and operate ski resorts in Europe.
Columbia Sportswear Appoints VP Brand for Sorel
Michael Minter joined the company on April 29 with nearly 20 years of experience working in creative and marketing leadership roles for Sanuk, Billabong, Keen, DC, and Reef.
Compass Diversified Sees All Q1 Upside Coming from Branded Consumer Group
CODI saw first quarter sales increase 11.0 percent to $375.4 million on a pro forma basis in its Consumer Brands segment, which includes the 5.11, Boa, Primaloft and Velocity Outdoor brands in the active lifestyle market, among other consumer brands.
Camping World Holdings Sees Q1 New Vehicle RV Sales Up in Double Digits
New unit sales outpaced broader RV industry trends, driving record new unit market share for January and February. Same-store new vehicle unit volume increased double-digits in the quarter, with momentum continuing through April.
REI Co-op to Open Store in College Station, TX
The new store will be the outdoor retailer’s 11th in the state of Texas.
Garmin Ltd. Posts Strong Q1 Results with Gains Across All Segments
Revenue from the Fitness segment increased 40 percent, revenue from the Outdoor segment increased 11 percent and revenue from the Marine segment increased 17 percent for the quarter.
Wolverine Worldwide Enters Licensing Agreements for Merrell and Saucony Brands
WWW entered two new global licensing agreements as part of its ongoing “strategic transformation” into a brand-led growth company for Merrell and Saucony kids footwear and Merrell apparel and accessories.
Big 5 Sporting Goods Falls to Q1 Loss as Comps Fall 13.5 Percent
The company said the calendar shift of the Easter holiday, during which the company’s stores were closed, from Q2 2023 to Q1 2024, negatively impacted sales comparisons by approximately 100 basis points.
Rocky Brands Swings to Q1 Profit as Organic Sales Grow 7.6 Percent
The owner of the Rocky, Georgia Boot, Durango, Lehigh, The Original Muck Boot Company, Xtratuf, and Ranger brands divested the Servus brand in the year-ago period, which boosted sales and margins on an organic basis.
Rocky Brands Inks Comprehensive Debt Refinancing Deal
The debt refinance agreement includes a $175 million revolving credit facility and a $50 million term facility, amending and restating the company’s existing $175 million revolving credit facility with Bank of America.
Vista Outdoors Postpones Investor Day as it Measures Suitor’s Interest
Initially scheduled for May 29, the event will now take place early in the fall at the company’s Adventure Sports headquarters in Irvine, CA. The company will share the rescheduled date closer to the event.
Wolverine Worldwide Appoints Chief Legal Officer and Corporate Secretary
Dave Latchana was promoted to chief legal officer and corporate secretary, overseeing the company’s legal, compliance, corporate communications, risk management, ESG, security, and loss prevention functions.
