SGB Update Outdoor
Camping World Triples Q2 Net Income On 9 Percent Sales Gain
Camping World Holdings, Inc. reported revenue increased 9.0 percent, or $132.4 million, to $1.61 billion for the second quarter ended June 30. Net income increased 210.2 percent to $163.2 million and net income margin was 10.2 percent for the second quarter.
The VF Foundation Announces $7.3 Million In Community Investments
The VF Foundation, the private grantmaking organization funded by VF Corp., announced the recipients of its gifting cycle totaling $7.3 million in investments to 80 organizations around the world.
Fox Factory Revenues Decline 4.7 Percent In Q2
Fox Factory Holding Corp. reported earnings on an adjusted basis fell 25.9 percent in the second quarter ended July 3 as revenues declined 4.7 percent. The sales decline reflects a 14.5 percent decrease in Powered Vehicles Group sales, partially offset by a 10.0 percent increase in Specialty Sports Group sales.
Sierra Bullets Appoints New President
Clarus Corp’s subsidiary Sierra Bullets, L.L.C. has appointed Keith Enlow to president, effective August 17.
Wolverine Worldwide Sees Q2 Results Exceed Plan On Online Momentum
Wolverine Worldwide reported sales dropped 39 percent in the second quarter but came in better than expected with a boost from almost triple-digit owned e-commerce growth. The parent of Merrell, Sperry, Saucony and other footwear brands also managed to post a profit in the period and “exceptional cash flow”.
Igloo Announces Board Of Director Appointment
Igloo announced that Andrew Perlmutter will join Igloo Product Corp.’s Board of Directors. Known in the pop culture world as a brand builder, Perlmutter joins the brand with decades of expertise and is aligned to guide Igloo’s strategic initiatives for the Playmate collection through licensing and partnerships.
Boot Barn Gets E-Comm Lift in Fiscal Q1 To Partially Offset Retail Store Decline
Boot Barn Holdings, Inc. reported that net sales decreased 20.5 percent to $147.8 million in the first fiscal quarter ended June 27. Same-store sales decreased 14.9 percent, comprised of a 27.1 percent decrease in retail store same-store sales and a 51.9 percent increase in e-commerce sales.
ATTA Sees U.S. Packaged Adventure Travel Bouncing Back Faster Than Other Travel
The U.S. Adventure Traveler Sentiment June/July 2020 report revealed that U.S. consumers of ATTA adventure tour operators are expected to resume near pre-COVID-19 level travel spending in 2021, spending an estimated 7 percent less than their 2019 travel expenditure.
Trump Signs Great American Outdoors Act Into Law
The Outdoor Industry Association and NSSF are both celebrating after President Trump signed the ‘Great American Outdoors Act’ into law.
Adidas AG Extends CEO’s Appointment Through July 2026
The Supervisory Board of Adidas AG has extended the appointment of CEO Kasper Rorsted by another five years until July 31, 2026.
Amer Sports Q2 Revenues Sink 36 Percent
Amer Sports’ revenues fell 36 percent in the second quarter, driving a 22 percent decline in the first half of the year, according to debt reviews from Moody’s and S&P. Bot rating agencies affirmed Amer has adequate liquidity to operate through the year and each assigned a low investment-grade rating of B3 and B- on Amer’s new €100 million facility.
Smith & Wesson Brands Sets Spinoff Date
Smith & Wesson Brands Inc. announced that its board of directors has approved the previously announced separation from Smith & Wesson Brands, Inc. of its outdoor products and accessories business into an independent, publicly-traded company.
NICS Checks Surge 123 Percent In July
The FBI completed 1.85 million gun background checks on an NSSF-adjusted basis in June, a hike of 122.5 percent compared to the June 2019 NSSF-adjusted NICS figure of 830,579. The rate builds on gains of 135.7 percent in June, 75.2 percent in May, 69.1 percent in April and 41 percent in March.
DW Sports Enters Administration
DW Sports, which operates 73 gyms and 75 stores across the U.K., said it plans to enter into administration. All of its stores will close, but DW plans to work with administrators from BDO to save as many gyms as possible.
OR Parent’s Q2 Results Marred By Event Cancellations
Emerald Holding Inc., the parent of Outdoor Retailer, Surf Expo and other trade shows, reported a steep decline in revenues in the second quarter due to event cancellations tied to COVID-19 but saw a more modest decline in earnings due to the arrival of initial claims confirmed under its event cancellation insurance policy.
