Sturm Ruger’s Q3 Sales Slide 22 Percent
Sturm, Ruger & Company, Inc. reported earnings fell about 50 percent in the third quarter as sales declined 21.8 percent.
Vista Outdoor Cuts Outlook On Weakness In Outdoor Products Segment
Vista Outdoor Inc. became the latest firm in the active lifestyle space to reduce its guidance for its fiscal year due to the macroeconomic challenges with sales particularly weakening in its Outdoor Products segment. Second-quarter results came in line with recently updated guidance.
The Conservation Alliance Announces New Executive Director
The Conservation Alliance hired Nicole Rom as executive director and promoted its interim Executive Director, Shoren Brown, to vice president, public affairs.
Kitzuma Temporarily Suspends Delivery Service
Kitzuma Cycling Logistics suspended its delivery service for the fall and winter and laid off most of its drivers due to slowing demand for its door-to-door bike shipping business.
GOA Reports YTD Sales Growth Of 8.2 percent
Grassroots Outdoor Alliance (GOA) announced that based on topline revenue data provided by its retail members, GOA group sales numbers were up 8.2 percent year-to-date over 2021, which was a record-setting year for the group.
Rocky Brands’ Q3 Sales Expand 17.5 Percent
Rocky Brands Inc. reported a profit against a loss in the third quarter ended September 30 as sales grew 17.5 percent and expenses were sharply reduced year over year.
Vittoria Industries To Move North America Headquarters To Bentonville
Vittoria Industries North America is moving its headquarters from Oklahoma City to Bentonville, AK taking space in the Ledger, a new six-story building downtown, providing employees with a bike-friendly facility. The move is expected to take place in December 2022.
Camping World’s Q3 Sales Expand 3 Percent
Camping World Holdings reported earnings rose 45.6 percent in the third quarter ended September 30 on a sales gain of 3.2 percent.
Bogs Revenues Climb 52 Percent In Third Quarter
Weyco Group, Inc. reported North American wholesale revenues at Bogs jumped 52 percent in the third quarter that ended September 30 as overall sales grew 57 percent.
Canada Goose Lowers Outlook Despite Q2 Exceeding Expectations
Canada Goose Holdings Inc. reported results for the second quarter ended October 2 that easily topped analyst estimates but the company reduced its outlook for the year due to weakness in China as well as the uncertain global macroeconomic climate.
Big 5’s Q3 Earnings Arrive Near Top Of Guidance
Big 5 Sporting Goods Corp., as expected, reported sales and earnings in the third quarter came in below year-ago levels, but earnings arrived at the higher end of guidance, and sales exceeded pre-pandemic 2019 levels. Fourth-quarter same-store sales are projected to decrease in the high single-digit to low double-digit range.
Wilson To End Partnership With USPTA
The United States Professional Tennis Association, Inc. (USPTA) announced that after seven years, Wilson Sporting Goods has moved away from its endorsement partnership—providing racquets, balls, strings, and other equipment to its members and programs.
US Sports Camps Hires SVP Tennis & Pickleball
US Sports Camps (USSC), the official provider of Nike Sports Camps, announced the addition of Mike Nakajima as the new senior VP of tennis/pickleball. He was formerly Nike’s tennis sports marketing director.
VF’s Debt Ratings Downgraded By S&P
S&P Global Ratings lowered its debt ratings on VF Corp. as the company’s credit metrics are expected to remain pressured with leverage above 3x in fiscal 2023 due to elevated debt levels. The downgrade follows a similar move by Moody’s in mid-October.
Vittoria Group Hires Managing Director For North America
Vittoria Group, the Italian bicycle tire manufacturer, hired Karim Pine as managing director for North America. Pine succeeds Glenn Lee, who now heads up its newly formed global accessories business unit, North America.
