SGB Update Sportsmans
KTB Increases Helly Hansen Outlook; Sees Brand Adding $50M to 2025 Cash Flow
Kontoor Brands, which agreed to acquire Helly Hansen in February, slightly lowered its sales outlook for the year as first-quarter sales missed Wall Street’s targets due to flat sales in its core denim business, comprising of Wrangler and Lee. The firm kept its EPS guidance although it expects a $50 million negative impact on operating income from recently enacted changes in tariffs not yet included in the updated guidance.
Duluth Trading Outlines Inducement Grant Agreement with New CEO
The company granted a total of 1,759,532 shares of Class B common stock to the new chief executive pursuant to the terms of the Inducement Stock Award Agreement and the Inducement Restricted Stock Award Agreement.
Boot Barn Holdings Removes “Interim” from John Hazen’s CEO Title
Hazen has served as the company’s interim CEO since November 2024. In October 2024, Boot Barn reported that then-CEO James Conroy was leaving the retailer to become CEO of Ross Stores.
NSSF: Adjusted NICS Background Checks Decline Again in April 2025
The 3.4 percent decline for the month continues a downward trend since October 2024, with the exception of a small bump in January 2025.
Hydro Flask and Osprey Parent Helen of Troy Sees CEO Exit; CFO Takes Reins
Helen of Troy Limited, the parent of Hydro Flask, and Osprey, said Noel Geoffroy has resigned as CEO and has departed, effective immediately. Brian Grass, chief financial officer, has been appointed interim CEO.
Winchester Ammo Expects Q2 Gain After Q1 Sales Dip on Commercial Ammo Decline
The segment’s decrease in sales was said to be primarily due to lower commercial ammunition sales, partially offset by higher military sales and military project revenue. The company expects Winchester’s Q2 results to improve sequentially.
Traeger Swings to Q1 Profit on Grill Growth; Sets Pricing Increase and Expense Cuts
In light of the uncertain demand environment and to promote balance sheet health, the company has significantly reduced purchase orders on grills and will reassess purchase plans with further sell-through data in the coming months.
EXEC: Daiwa Parent Warns on FY Sales Results; Will Exceed Profit Forecast
The company reported that outdoor, sports, and leisure industry markets plateaued due to the diversification of consumption into other leisure activities and the impact of rising prices amid the normalization of economic activity.
Sturm, Ruger Posts Flattish Q1 Revenues
Earnings improved 9.6 percent in the first quarter as sales dipped 0.8 percent. CEO Todd Seyfert said the flattish sales show Ruger is outperforming the industry amid the “clear and well-documented” headwinds facing the firearms category.
Garmin’s Fitness and Outdoor Segments Deliver Double-Digit Growth
Garmin, Ltd. reported sales rose 12 percent in its Fitness segment and 20 percent in its Outdoor segment while its Marine segment showed a 2 percent decline.
U.S. Consumer Confidence Sinks to Near Five-Year Low
The Conference Board’s Consumer Confidence Index fell to 86 on the month, down 7.9 points from its prior reading and below the Dow Jones estimate of 87.7. It was the lowest reading since May 2020.
Camping World’s Q1 Boosted by Strong Sales of Used RVs
Camping World Holdings, Inc. slightly reduced its net loss in the first quarter, ended March 31, but significantly improved its operating earnings before non-recurring charges on better margins. Sales rose 3.6 percent as declines in new RV sales were offset by a jump in used vehicles.
Revelyst Partners to License Outdoor Brands
The former outdoor products segment of the now-defunct Vista Outdoor business inked a multiyear partnership with Evolution USA, LLC, a U.S.-based licensing agency, to secure licensing deals for six of its outdoor brands, including Fox Racing, Simms Fishing Products, Camp Chef, Primos, Hoppes, and Blackburn.
ASA Hires New VP, Member Services and Business Development
Kendra Allman has over 25 years of experience in association management. She has held leadership positions at the National Grocers Association, National Association of Chain Drug Stores, National Stone, Sand & Gravel Association, and National Waste & Recycling Association.
RV Industry Association Sees Q1 RV Shipments Grow 14 Percent Year-over-Year
RVIA’s survey of manufacturers found that total RV shipments amounted to 37,348 units for March 2025, an increase of 15.8 percent compared to the 32,243 units shipped in March 2024. First quarter was up 13.9 percent.
