Military Keeps Outdoor Afloat at Johnson Outdoors; Watercraft is Stagnant…
Johnson Outdoors reported overall sales and income growth for the second fiscal quarter of 2004, but in reality only two of the four divisions maintained the same profitability levels of last year. Outdoor Equipment and Motors both showed strong sales inc
Sportsman’s Guide Sees Growth Slow…
The Sportsman's Guide sales inched up 1.9% to $44.6 million for the first quarter compared to $43.7 million in Q1 last year. Gross margins slipped 80 basis points, from 32.5% in 2003 to 31.7% in Q1 2004. In spite of the less-than-inspiring sales gro
Huffy Looking for Answers — and Help…
Huffy Corporation shares fell 24.0% last week to close at $2.22 on Friday, a share price that is now down almost 58% since the first of the year and down more than 72% from its 52-week high. The brands acquired through the acquisition of Gen-X that kept
The Consolidation Continues as Spyder and Marmot Deals Likely Soon…
TheDeal.com is reporting that both Marmot Mountain Ltd. and Spyder Active Sports are shopping for new owners. J.P. Morgan Chase and Co. has reportedly been retained by Marmot’s management to solicit potential buyers, while Spyder has retained the joint s
Pacific Cycles Fitting in Nicely at Dorel; Posts 50% of Company Sales Gain…
Total revenues at Dorel for the first quarter of 2004 were up 41.5% to $391.8 million, compared to $276.9 million. Net earnings for the quarter were $19.6 million or 60 cents per share, compared to 19.2 million or 60 cents per share for the first quarter
Rocky Gets Military Lift; Swings to Q1 Profit for First Time in Six Years…
Rocky Shoes and Boots first quarter sales reached a new high this year, jumping 59.1% from $13.8 million last year to 21.9 million this year. Gross margins improved by 50 basis points, from 25.2% last year to 25.7% for Q1 2004. SG&A expenses were $5.3 mil
Amer Group Sees Breakout Quarter…
Amer Group had a breakout quarter in Q1, with currency-neutral sales increasing across all divisions with the exception of Suunto. The divestiture during the quarter of the Tobacco business dropped some additional benefit to the bottom line and now posit
Everlast Q1 Revenues Climb 16%
Everlast Worldwide reported net sales were $14.1 million, representing an increase 14% over 2003. Net licensing revenues increased 26% to $2.1 million. Combined, net revenues were $16.2 million an increase of 16%, or $2.2 million over the 2003. For the qu
Jetboil Wins ‘Gear of the Year’ Award
Jetboil Inc has received Outside magazine’s “Gear of the Year” award. In the magazine’s 2004 annual Buyer’s Guide, Jetboil is applauded for its convenience, speed, and efficiency, bringing liquid to a boil in about one minute…
Cloudveil Honored with International Advertising Awards
Cloudveil was recently honored by the Summit Creative Awards® and The Communicator Awards for its Fall ’03 consumer catalog and advertising campaigns. Cloudveil’s Fall ’03 “Soul Focus” advertising campaign garnered silver medal honors from the Summit Crea
Five Ten Restructures EU Managment Team
Five Ten has completed restructuring its management team in Europe. John Connelly, International Sales Manager for the brand, has named Bastiaan Wauters as Five Ten’s new Sales and Sponsorship Coordinator for Europe. Also tapped for the Five Ten Europe m
OIF Sponsors ‘Get Fit with US’ Event
Outdoor Industry Foundation is the lead sponsor of the first Get Fit With US event to take place in St. Paul, Minnesota on June 5, 2004. The event, which coincides with National Trails Day, will launch an initiative developed by federal agencies t
SNL Adds Boeckermann as Newest Account Exec.
SNL Communications has hired Dawn Boeckermann as the company’s newest Account Executive. Boeckermann’s primary focus will be on the action sports market, developing new business and working with existing clients to build and execute strategic public relat
Wanted: New Owner for Yet Another Venerable Sporting Goods Brand
Huffy Corporation has retained Lazard Freres & Co. LLC to advise the company on financing and strategic alternatives, “including the sale of the Company or of product segments within the Company”. With higher than anticipated costs associated with the re
Indigo Expands Sales Force
Indigo Equipment has hired three new sales representatives to cover the Rockies and Midwest territories for the growing Indigo brand, the company announced this week. Steve Srednick and Bobbi Bensman will represent Indigo in the Rockies, and Bill Gange wi
