SGB Update Outdoor

Hydro Flask Returns To Growth In Second Quarter

Helen of Troy Limited reported sales in its Housewares segment, which includes Hydro Flask and OXO, increased 20.3 percent in the second quarter ended August 31 to $167.9 million. The gains primarily reflected higher demand for OXO brand products as consumers spent more time at home cooking, cleaning, organizing and pantry loading in response to COVID-19 and an increase in online sales for both OXO and Hydro Flask.

Dick’s SG To Increase Holiday Hires

Dick’s Sporting Goods plans to hire up to 9,000 holiday workers, 1,000 more than last year to support expected continued strength in online orders for curbside or in-store pickups amid the pandemic.

Academy Sports’ Debt Ratings Upgraded

Academy Sports’ debt ratings was upgraded by Moody’s due to its October 2 initial public offering and better than anticipated Q220 operating performance.

Vista Outdoor’s Debt Ratings Outlook Raised To Positive

Moody’s Investors Service changed the rating outlook for Vista Outdoor Inc. to positive from negative due to the company’s improved EBITDA margin following the completion of on-going restructuring efforts and the company’s demonstrated commitment to debt and leverage reduction.

Olin Corp. Takes Impairment Charge

Olin Corporation, the parent of Winchester, announced that its financial results for the third quarter ended September 30, 2020 are expected to include a non-cash pretax impairment charge related to goodwill of approximately $700 million. The goodwill impairment charge is primarily the result of the sustained lower Olin stock price during 2020.

MEC Sale Gains Court Approval

A court in British Columbia approved the sale of MEC (Mountain Equipment Co-op) to Kingswood Capital Management, a California-based private-equity firm over calls by a group protesting the sale.

Grassroots Outdoor Alliance Confirms Fall Show Dates

Grassroots Outdoor Alliance has confirmed fall show dates for its Connect buying show through 2024. Upcoming fall shows for Grassroots Connect will be held in the Kansas City Convention Center with confirmed dates including November 8-11, 2021; November 7-10, 2022; November 6-9, 2023; and November 14-17, 2024.

VF Foundation Partners With National Forest Foundation

The National Forest Foundation (NFF) and USDA Forest Service announced a new partnership with The VF Foundation that will create a new program in the Denver area called the “Colorado Front Range Strike Team.” In total, The VF Foundation has granted more than $400,000 to help fund the first two years of the pilot project to conserve and maintain Front Range trails.

Emerald Holding Launches Stock Buyback Plan

Emerald Holding Inc.,  the parent of Outdoor Retailer, Surf Expo and other trade shows, announced that its Board of Directors has approved the repurchase of up to an aggregate of $20 million of its common stock.

NICS Checks Climb 61 Percent In September

The FBI completed 1.63 million gun background checks on an NSSF-adjusted basis in September, a climb of 61.4 percent compared to the September 2019 NSSF-adjusted NICS figure of 1.01 million.