SGB Update Outdoor
Johnson Outdoors’ Sales Surge 58 Percent In Q4
Johnson Outdoors Inc. reported earnings rose nearly four-fold in the fiscal fourth quarter ended October 2. Revenues grew 58.3 percent, Helen Johnson-Leipold, chairman and CEO, said, “Strong demand in Fishing, Camping and Watercraft Recreation continued into the fourth quarter, and the challenge has been keeping pace with demand.”
Vail Resorts Widens Q1 Loss
Vail Resorts Inc. increased its loss in the fiscal first quarter ended October 31 due to the impact of COVID-19. The ski resorts operator saw healthy season pass sales but continues to expect “material” declines in visitations during the 2020/2021 North American ski season due to COVID-19.
Lost Paddle Media Acquires Fishing Trade Shows
Lost Paddle Media announced it has acquired the Kansas City Boat and Sportshow, Chicagoland Fishing Travel & Outdoor Expo, Suffern New York’s World Fishing & Outdoor Exposition, and the Saltwater Fishing Expo in Edison, New Jersey from the National Marine Manufacturers Association (NMMA). Lost Paddle Media operates The Big Gear Show.
Louis Garneau Completes Financial Restructuring
The Louis Garneau Sports Group, which filed for creditor protection in Canada in March, announced a new investor to complete a reorganization and has set a brand relaunch. Its company founder, Louis Garneau, remains the majority shareholder.
Head/Tyrolia Appoints VP Of Sales
Head/Tyrolia, USA announced that Rob Mignon has been named vice president of sales, a new position for the company. Starting January 1, 2021, he will assume sales management for all Head Wintersports products in the U.S.
Academy Sports Reports Record Q3 Sales And Earnings
Academy Sports and Outdoors Inc., in its first earnings report since going public, reported earnings vaulted 188 percent on an adjusted basis in the third quarter ended October 31. Revenues jumped 17.8 percent. Results were well ahead of Wall Street’s targets. The retaller marked its fifth consecutive quarter with a comparable sales increase.
Grundéns Partners With Major League Fishing
Grundéns has partnered with Major League Fishing (MLF) to become the official footwear sponsor of the Bass Pro Tour and MLF BIG5 circuits.
REI Elevates Product Standards To Fight Climate Change And Advance Equity
REI is upgrading product standards in partnership with its more than 1,000 brand partners to advance more sustainable and inclusive business practices. The co-up is also committing that, by 2030, all products on its shelves will have a preferred attribute so that every purchase at REI supports a healthier, cleaner, more equitable planet.
Academy Sports Adds Board Member
Academy Sports and Outdoors Inc. announced the appointment of Wendy A. Beck to its Board of Directors, effective today. Beck joins Allen I. Questrom and Jeffrey C. Tweedy, who were appointed to Academy’s Board on October 1 in connection with Academy’s initial public offering, as recent independent director additions to the Board.
NPD Reports: Sports Equipment Sales Surge In Third Quarter
According to NPD Group, categories tied to the outdoors as well as home fitness equipment continue to post double-digit gains in the third quarter.
USA Cycling Announces New Board Members And Bylaws
USA Cycling Board of Directors welcomed four new board members to elevate USA Cycling’s impact beyond the sport.
Thor Reports Strong Q3 Growth
Thor Industries Inc. reported sales in the first quarter ended October 31 rose 17.6 percent due to strong demand across its RV segments.
Pure Fishing’s Debt Ratings Upgraded
Moody’s Investors Service raised Pure Fishing’s corporate debt rating due to the company’s strong third-quarter performance which resulted in better operating performance year-to-date versus expectations, leading to meaningful improvement in financial leverage and free cash flow generation.
Burton Opens Retail And Employee Hub In Downtown Denver
Burton Snowboards announced the grand opening of a new Burton Hub in the River North (RiNo) Art district of downtown Denver.
Escalade Sports Acquires Rave Sports
Escalade Inc. announced that it has acquired substantially all of the business and assets of Revel Match LLC, dba Rave Sports, a water recreation products brand. The acquisition marks Escalade’s expansion into the water sports and recreation category.
