SGB Update Outdoor
Vista Outdoor’s Q2 Sales Jump 29 Percent
Vista Outdoor Inc. reported sales rose 29 percent in the second quarter ended September 27. Outdoor Products delivered 35 percent organic growth, and Shooting Sports gained 26 percent. E-commerce revenues doubled.
Canada Goose’s Q2 Revenues Slump 34 Percent
Canada Goose Holdings Inc. reported earnings fell 82.8 percent in the second quarter ended September 27 as revenues declined 33.7 percent. Canada Goose noted that Mainland China has returned to growth and adjusted EBIT margin was positive for the first time since the onset of the pandemic.
Yeti’s Q3 Revenues Climb 29 Percent
Yeti Holdings Inc. reported earnings on an adjusted basis more than doubled in the third quarter ended September 26 as sales jumped 29 percent. Yeti expects sales in the range of 15 percent to 16 percent in the fourth quarter.
Wolverine Worldwide Tops Expectations On Strength In Performance And Work Brands
Wolverine Worldwide reported earnings fell in the third quarter on a 14 percent revenue decline but both exceeded internal expectations. Saucony and Chaco delivered double-digit revenue growth, while Merrell and its work brands drove sequential revenue improvement versus Q2.
Canyon Bicycles Attracting Buyout Interest
Canyon Bicycles is reportedly attracting takeover interest from a number of private equity groups, including Carlyle Group and KKR & Co., according to a report from Bloomberg.
Lazydays Sees 36 Percent Q3 Revenue Gain
Lazydays Holdings Inc. reported revenues for the third quarter of 2020 were $215.7 million, up $57.3 million, or 36.2 percent, versus 2019.
Recall: Yeti Rambler Travel Mugs
About 15,000 Yeti Rambler 20 oz Travel Mugs with Stronghold Lids are being recalled from 241,500 mugs produced.
Rossignol Group Sets CEO Transition
After 16 years of leading Rossignol Group, Bruno Cercley will hand over the CEO responsibility to Vincent Wauters during the first quarter of 2021. He will keep a non-executive role as president and member of the Board.
Safilo’s Q3 Sales Expand 6 Percent
Safilo Group S.p.A. reported third-quarter sales grew 6.0 percent on a currency-neutral basis. The key positive drivers were represented by the significant rebound experienced by the wholesale market in North America, and the full-quarter contribution deriving from the recent acquisitions of Blenders Eyewear and Privé Revaux.
Avon Rubber Completes Acquisition Of Team Wendy
UK-based Avon Rubber p.l.c. completed its acquisition of Team Wendy for $130 million.
Bogs’ Q3 Sales Climb 6 Percent
Weyco Group Inc. reported Bogs’ North American wholesale sales rose 6 percent in the third quarter as compared to last year due to higher sales in the farm, service and industrial trade channel and with e-commerce retailers.
Outdoor Sportsman Group x The Archery Trade Association Announce Media Partnership
The Archery Trade Association (ATA) and Outdoor Sportsman Group (OSG) announced the “ATA New Product Premiere,” a media partnership to cover and promote the archery and bowhunting industry.
REI Co-Op To Open Store In Jackson, WY In Summer 2021
REI Co-op will open its first Wyoming store in Jackson in the summer of 2021. The outdoor retailer also said a previously-announced store in Boca Raton, FL will open on November 13.
Bass Pro To Open Angler’s Lodge In Hollister, MO
Bass Pro Shops has acquired a La Quinta Inn in Hollister, MO and plans to convert it into an Angler’s Lodge.
Sauer Partners With Big Rock Sports
Blaser Group announced its J.P. Sauer brand partnership with Big Rock Sports, the wholesale distributor.
