SGB Update Outdoor
Leatt Corp’s Q3 Revenues Climb 18 Percent
Leatt Corporation reported global revenues increased by 18 percent, to $11.4 million compared to the 2019 third quarter. Higher sales of body armor and other products, parts and accessories offset a decrease in helmet and neck brace sales.
ECCO Names Global Head Of Specialty Sales
ECCO announced that it has appointed Erik Walcott as global head of specialty sales overseeing its Outdoor division, effective immediately.
Accell Group Lifts Guidance On Sales Momentum
Accell Group N.V. announced that net sales continued to be very strong from July to October, coming in at a 38 percent gain versus the same period last year and bringing year-to-date net sales growth to 16 percent. Consequently, Accell revised its guidance upwards and now expects EBIT for 2020 to exceed prior-year EBIT.
Recall: Arena Swim Snorkels
About 3,350 Arena Swim Snorkels Pro II and Swim Snorkels II are being recalled.
Recall: Salsa Cycles Cutthroat Bicycles and Forks
About 600 Cutthroat Bicycles and Forks from Quality Bicycle Products are being recalled.
Fox Factory’s Q3 Sales Jump 23 Percent
Fox Factory Holding Corp sales for the third quarter were $260.7 million, an increase of 23.4 percent year-over-year. The increase in sales reflects a 17.7 percent increase in Powered Vehicles Group sales and a 32.4 percent increase in Specialty Sports Group sales.
New Government Report Outlines Outdoor Recreation’s Economic Impact
The outdoor recreation industry continues its robust growth, bolstering the country’s overall economy. Such were the findings in a Tuesday report released by The Outdoor Recreation Roundtable and Bureau of Economic Analysis, whose results unveiled economic data on outdoor recreation’s economic impact on the U.S. economy.
Black Diamond Opens Store In Montana
Black Diamond Equipment opened its doors to a new retail store in Big Sky, MT.
Newell Brands Announces Tender Offer For $300 Million Of Outstanding Debt
Newell Brands launched a debt tender offer to purchase for cash up to $300 million in debt. The company expects to fund the Offer with available cash on hand.
Christy Sports Acquires Double Diamond Ski Shop
Christy Sports announced that it has acquired Double Diamond Ski and Bike Shop, a specialty ski and snowboard retail and rental operator located at Vail, CO.
Stocks Rally On Pfizer Vaccine News
The broader stock market soared on Monday after drugmaker Pfizer said that an early look at data from its coronavirus vaccine shows it’s more than 90 percent effective. However, the majority of stocks in the active lifestyle space that have thrived amid the pandemic, including Peloton, saw sharp declines.
Callaway Golf Q3 Sales Climb 12 Percent
Callaway Golf Company reported net earnings in the third quarter ended September 30 rose 69 percent as sales grew 12 percent. The gains were driven by a 27 percent hike in golf equipment.
Clarus’ Q3 Revenues Expand 7 Percent
Clarus Corp. reported sales grew 7 percent in the third quarter and predicted its fourth-quarter sales would climb in the range of 11 percent to 13 percent. Black Diamond sales dropped 8 percent while Sierra Bullet’s sales soared 135 percent.
Camping World Opens New SuperCenters In Texas, Louisiana And Idaho
Camping World Holdings Inc. has expanded its national footprint with the recent openings of Camping World SuperCenters in Spring, TX and Breaux Bridge, LA, along with a planned opening of a Gander RV SuperCenter in Pocatello, ID, scheduled for December 1.
VF Corp. To Acquire Supreme
VF Corp. signed a definitive merger agreement to acquire Supreme, the streetwear brand. Current investors, The Carlyle Group and Goode Partners are selling their stakes in the Supreme brand. VF said the Supreme brand offers a $1 billion global opportunity over time through international and DTC expansion.
