SGB Update

Crocs Withdraws Outlook Despite Q1 Easily Exceeding Expectations

First-quarter resultseasily topped analyst targets as the Crocs and Heydude brands exceeded management expectations. Sales of Crocs increased 2.4 percent, or 4.2 percent on a constant-currency (cc) basis, while sales of Heydude declined 9.8 percent.

Coleman, Marmot Parent’s Debt Ratings Downgraded By S&P

S&P Global Ratings lowered the debt ratings of Newell Brands Inc., parent of Coleman, Marmot, Ex Officio, Stearns, Bubba and Contigo and other consumer brands, due to the company’s exposure to weakening discretionary demand for its products and incremental costs from announced tariffs.

RumbleOn’s Sales Slide 20 Percent In First Quarter

The U.S. online marketplace and powersports retailer, known for its Ridenow Powersports dealerships, reported revenues dropped 20.5 percent to $244.7 million in the first quarter ended March 31, driven by sharp declines in both its powersports and vehicle transportation services segments.