BEA Report Confirms Strong Recovery For Outdoor Recreation Industry
Inflation-adjusted GDP for the outdoor recreation economy increased 18.9 percent in 2021, compared with a 5.9 percent increase for the overall U.S. economy, reflecting a rebound in outdoor recreation after the decrease of 21.6 percent in 2020, according to new analysis released by the U.S. Bureau of Economic Analysis (BEA).
Buck Knives Hires VP Of Sales
Buck Knives, Inc. said Mark Reasoner had joined the company as vice president of sales. Most recently, he was VP of sales at American Outdoor Brands.
Peak Ski Names Senior Director, Product Development And Innovation
Peak Ski Company announced that venerated big mountain skier Michelle Parker has joined the company’s leadership team as senior director of product development & innovation.
Arena Names Global Marketing And Trade Marketing Director
Arena, the Italian swim specialist, hired Kamila Pilwein as global marketing & trade marketing director. She was EMEA head of channel marketing for Boardriders.
Yeti’s Sales Climb 20 Percent In Third Quarter
Yeti Holdings, Inc. reported earnings on an adjusted basis were down slightly in the third quarter ended October 1 but topped analyst targets. Sales growth of 20 percent, led by wholesale, also topped estimates and the company maintained and narrowed its outlook for the year.
Solo Brands’ Q3 Revenues Vault 47 Percent
Solo Brands Inc. shrunk its loss in the third quarter ended September 30 as sales jumped 47 percent. The parent of Solo Stove lowered its sales guidance for the year but kept its outlook for gross margin and EBITDA margin.
Mizuno Shows Strong Gains In Fiscal Half
Mizuno Corp reported net profits grew 50.1 percent on a 16.6 percent revenue gain in the fiscal six months ended September 30. Sales were up 26.6 percent in the second quarter.
Pentland Brands Adds Chief Human Resources Officer
Pentland Brands hired Belinda Deery as chief human resources officer. Deery has held HR leadership roles within FTSE-listed, private equity and family-owned global companies, including Clarks, New Look, House of Fraser, and Debenhams.
Cocona Labs Hires Chief Operations Officer
Cocona Labs welcomed back Christopher Leyes as chief operations officer. Leyes returns to the company having worked as the director of operations at Pangea Organics.
Yakima’s Global Organization Structure To Accelerate Growth, Increase Collaboration
Yakima announced, effective immediately, that Ryan Martin, CEO of the Americas Region, had increased responsibilities to drive strategic direction and growth in Australasia (Australia, New Zealand, Pacific Islands) and EMEA (Europe, Middle East, Africa).
Life Time Lifts Guidance As Q3 Beats Plan
Life Time Group Holdings, Inc. slightly lifted its outlook for the year after reporting third-quarter results that topped its guidance. Sales were ahead 28.9 percent as fitness center memberships were up 9.0 percent year-over-year.
Leatt Corp. Sales Expand 5 Percent In Third Quarter
Protective gear brand Leatt Corp. reported earnings dipped 5 percent in the third quarter on September 30 although sales grew 5 percent.
Beachbody’s Q3 Exceeds Guidance
The Beachbody Company, Inc. saw sales decline 20 percent in the third quarter that ended September 30, but the subscription health and wellness company delivered third-quarter revenue and adjusted EBITDA results ahead of guidance.
Nautilus’ Sales Tumble In Second Quarter
Nautilus Inc. reported sales declined 53 percent in the second quarter and lowered its guidance for the year although it noted that it’s still seeing strong gains versus pre-pandemic levels.
Delta Apparel Adds VP Of Finance
Delta Apparel, Inc., parent company to Delta Apparel, Salt Life and others, tapped Jason Bates as VP of finance for its Delta Group business segment.
