SGB Update Sportsmans
Newell Brands Sees Q4 Active Outdoor Lifestyle Sales Fall 22 Percent
The parent company of Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, among others, reported fourth quarter net sales of $2.1 billion, a 9.1 percent decline compared to the prior-year Q4 period, reflecting in part, the impact of category exits and favorable foreign exchange.
AGM Global Vision Appoints New VP of Sales
Trent Henckell has been a significant player in the night vision and thermal optics scene for years, working with some of the biggest names in the industry before landing at AGM Global Vision.
MasterCraft Narrows Full-Year Guidance as Boat Market Outlook Weakens
The decrease in net sales was reportedly due to lower unit volume and an increase in dealer incentives, partially offset by higher prices and favorable mix and options.
Outreach Sales Services Adds Regional Manager
Derek LaBarr joins the company as a regional manager for the independent channel, working with retailers in Oklahoma, Kansas, Nebraska, and Colorado.
Tractor Supply Comps Down 4.2 Percent in Q4 as Net Income Declines
Fourth quarter net sales decreased 8.6 percent to $3.66 billion, compared to $4.01 billion in the fourth quarter of 2022. The company said the prior year’s fourth quarter included an extra sales week as part of the company’s 53-week calendar in 2022
Under Armour North America Sales Fall 12 Percent in Fiscal Q3
Overall revenue was down 6 percent to $1.5 billion for the quarter as International revenues grew 7 percent. Revenue is expected to be down 3 percent to 4 percent for the fiscal year, tightening the previous expectation of a 2 to 4 percent decline.
Costco Comps Grow 3.4 Percent in January ex-Fuel
Net sales were $22.08 billion for the retail month of January, the five weeks ended February 4, 2024, an increase of 4.5 percent from $21.13 billion in January last year.
SSSF Names Director of Scholastic Clay Target Program
The Scholastic Shooting Sports Foundation (SSSF) named Wayne Rasmussen the national director of its Scholastic Clay Target Program leading the SSSF’s youth development program.
C&H Precision Family of Companies Names President
As President of C&H Precision, Kisgen will be key in steering the company’s strategic direction and overseeing its operations in Richmond Hill, GA.
VF Corporation CFO Stepping Down After 23-Year Run with Company
CFO Matt Puckett will be stepping down later this year. He will stay on until a new CFO is appointed to help ensure a smooth transition.
VF Corp. Sees Q3 Business Decline Accelerate; Will Conduct Strategic Review of Brands
The 16 percent year-over-year decline was an acceleration of the decline in the business, which was down just 2 percent in the fiscal second quarter when new CEO Bracken Darrell sounded the alarm that all was not well in the business.
Costco Wholesale Appoints New CFO as Galanti Moves to Advisory Role
The Costco Board of Directors named Gary Millerchip EVP and CFO, effective March 15. He is the SVP and CFO at The Kroger Co. Galanti will remain with Costco through January 2025 in an advisory role and will continue on the Board of Directors.
Countrywide Sports Appoints Chris Means as President
Means has 37 years of experience in the shooting sports industry with expertise in purchasing, sales management and P&L responsibility. Most recently, he was the President of Tactical Gear Distributors and also served as chairman of NASGW through 2023.
Thor Industries Names New Member to Board
Jeff Lorenger is the president, CEO and chairman of the Board for HNI Corp., a manufacturer of workplace furnishings and residential building products. He has served as president and CEO since June 2018.
Solo Brands Fills Two Senior Leadership Roles
Laura Coffey was named CFO and Michael McGoohan was appointed to the newly created position of EVP and chief growth officer, both effective immediately.
