SGB Update Outdoor
Sea to Summit Launches Canadian Website, Expands DTC
The company has seen increased demand for its products from Canadian consumers. This platform meets them where they are with 24/7 access to its full line of gear.
GU to Open First Overseas Flagship Store in New York in Fall 2024
GU (pronounced as the letters “G” and “U”) was founded in 2006 as a sister brand of Uniqlo and operates approximately 470 stores in Asia, mainly in Japan; this is the first official opening of a store outside of Asia.
Nextorch Signs Elite Outdoor Sports for Sales Representation
Elite Outdoor Sports is a full-service sales and marketing agency with a global reach. Representing hunting, shooting and law-enforcement equipment manufacturers.
Nite Ize Adds Two Indie Sales Agencies in U.S. Market
Effective immediately, the company is partnering with Action Sports, Inc. serving the Southeast, and Sanitas Sales Group, located in Colorado and covering the West.
Super Pacific Makes New Hires, Key Promotions and Expands Facility to Fuel Growth
Philip Kuroda was hired in the newly created position of B2B sales manager and Jessica Johnson was promoted to general manager of operations. The company is adding new square footage to its facility and the production team was expanded with new hires to support cutting, sewing and fabrication.
Firearm & Ammo Companies Contributed $222M to Conservation in Q4 via Excise Tax
Firearm and ammunition manufacturers topping $17 billion in excise tax contributions to the Wildlife Restoration Trust Fund since its inception in 1937, or more than $27.38 billion when adjusted for inflation.
CNBC/NRF Retail Monitor Shows Growth in April Retail Sales
The Retail Monitor uses actual, anonymized credit and debit card purchase data compiled by Affinity Solutions and does not need to be revised monthly or annually.
Unifi Shrinks Q3 Loss on Sales Recovery
Unifi, Inc. lowered its losses year-over-year in the fiscal third quarter ended March 31 as sales for the maker of recycled and synthetic yarns improved 9 percent.
Yeti Inc. Lifts Fiscal Year EPS Guidance After Q1 Sales and Earnings Beat
Yeti, Inc. raised its earnings guidance for the year after reporting first-quarter earnings easily topped analysts’ expectations. Earnings on an adjusted basis surged 89 percent while sales grew 13 percent, boosted by a re-acceleration in domestic growth with balanced growth across drinkware and cooler segments.
Vista Outdoor’s Quarterly Sales Slide as Ammunition Declines Offsets Outdoor Gains
Vista Outdoor reported adjusted EBITDA decreased 7.5 percent in the fiscal fourth quarter ended March 31 as sales declined 6.4 percent. The Revelyst outdoor segment returned to organic growth for the first time in nine quarters but the Kinetic ammunition business saw a double-digit drop.
Topgolf Callaway Lowers FY Sales Outlook on Wolfskin Softness, FX Headwinds
Topgolf Callaway Brands Corp. reported sales were in line and earnings topped expectations in the first quarter as strength at Topgolf and in the Golf Equipment segment offset double-digit declines in its Active Lifestyle. Full-year guidance was maintained for adjusted earnings but lowered for sales due to currency headwinds and weakness at Jack Wolfskin.
Delta Apparel Posts Steep Q2 Loss On Production Curtailment
Delta Apparel reported a net loss of $36.3 million in the fiscal second quarter ended March 30 due to significant production curtailments in the Delta Group segment. Sales were down 28.5 percent.
KOA’s Annual Study Explores Rising Demand for Outdoor Travel
The study shows that in the last decade, the number of camping households increased by 23 percent, and active camping households surged by 68 percent. Camper demographics also became younger and more diverse.
NRF Monthly Import Cargo To Reach 2 Million TEU Through Early Fall
“We haven’t seen numbers this high for this many months in almost two years.” —NRF Vice President Jonathan Gold
MasterCraft Boat Cuts Outlook as Sales Fall 43 Percent, Retail Sees Turmoil to Start the Year
Consolidated net sales are now expected to be between $360 million and $365 million, with Adjusted EBITDA between $28 million and $30 million. Mastercraft had previously narrowed its guidance range, calling for net sales between $400 million and $412 million and Adjusted EBITDA between $42 million and $47 million.
