SGB Update

Rocky Brands Q2 Sales Expand 23 Percent

Rocky Brands, Inc. reported earnings were down in the second quarter ended June 30 due to lower gross margins tied to supply-chain challenges. Sales grew 23 percent.

Camping World’s Q2 Profits Dip

Camping World Holdings, Inc. reported net income declined 19.5 percent in the second quarter ended June 30 as sales grew 5.2 percent. Gross margins eroded due to the higher cost of vehicles.

Big 5’S Q2 Sales Drop Against Challenging Comparisons

Big 5 Sporting Goods Corp. reported same-store sales fell 22.3 percent in the second quarter ended July 3 against tough comparisons in the year-ago quarter. Sales were below company guidance but both earnings and sales surpassed any pre-pandemic second quarter.

Pentland Brands Announces Director Of Creative

Pentland Brands, the owner of outdoor and lifestyle brands, including Speedo, Berghaus, Ellesse, Canterbury of New Zealand, Mitre, and Endura, hired Paisley Wright as its new creative director.

APL To Open Store In New York City

APL, the Los Angles-based sneaker upstart also known as Athletic Propulsion Labs, is opening its first store in New York City, in Soho, according to TheRealDeal.

Li Ning Hires Group VP And CFO

Li Ning Company, Ltd. has hired of Zhao Dong Sheng as group vice president and chief financial officer.

Gaia’s Q2 Revenues Improve 7 Percent

Gaia, Inc.’s results for the second quarter ended June 30 marked its eighth consecutive quarter of positive earnings and EBITDA, with Q2 EBITDA margins over 20 percent.

Clarus Bangs Out 57 Percent Q2 Revenue Gain

Clarus Corp. reported profits jumped 105 percent for the second quarter ended June 30. Sales grew 57 percent, boosted by the acquisitions of Rhino-Rack and Maxtrax as well as 22 percent organic sales growth. Sales of the Outdoor segment, led by Black Diamond, increased 17 percent. The company maintained its full-year guidance.

3STEP Sports Acquires Wildfire Volleyball Academy

3STEP Sports acquired Wildfire Volleyball Academy for its volleyball division. Founded in 2004 by Ore Pablos, Wildfire Volleyball Academy has 14 national and 13 state teams and more than 300 girls in its training program.