SGB Update Sportsmans
Delta Apparel Logs Q3 Loss As Sales Decline Double-Digits
Delta Apparel Inc. posted a loss in the fiscal third quarter ended July 1 due to efforts to reduce production levels to rebalance inventories in the marketplace as well as from inflationary pressures on cotton. Delta said the inventory and inflationary pressures are receding.
Fox Factory Posts Flattish Q2 Sales Growth Despite Shrinking Specialty Sport Group
A 1.5 percent revenue decrease for Q2 reflects a 41.0 percent decrease in Specialty Sports Group net sales, offset by a 32.6 percent increase in Powered Vehicles Group and 26.2 percent growth in the Aftermarket Applications Group net sales.
Camping World Holdings Closes on Two Arkansas RV Dealer Locations
Upon the completion of certain facility renovations, the company intends to open these locations as Forest River RV Little Rock and Alliance RV Northwest Arkansas.
Tractor Supply Names Food Lion President as Newest Board Member
Tractor Supply Company appointed Meg Ham as an independent member of its Board of Directors, effective August 2. TSC said Ham brings a distinguished 35-year career in the retail industry and is the president of Food Lion.
Gildan Lowers Full-Year Outlook as Negative Market Forces Threaten Upside
While net sales for Q2 were said to be above the company’s expectations at $840 million, Gildan said it sees current market conditions unfavorably impact activewear product mix, both in North American and International markets, as customers focus on lower-priced products.
Solo Brands Sees DTC Business Shrink in Q2 as Wholesale Sets Growth Pace
Solo Brands, Inc. saw second-quarter net sales decrease 3.7 percent to $130.9 million. Continued expansion of the wholesale network reportedly led to an increase in Wholesale channel revenue, offset by a decrease in the DTC channel.
Johnson Outdoors Sees Fiscal Q3 Sales Decline as Camping and Watercraft Contract
Total company net sales in the third quarter ended June 30 declined 8 percent to $187.0 million compared to $203.8 million in the prior-year third fiscal quarter. Net income improved for the period year-over-year.
NSSF-Adjusted NICS Background Checks Slide Again in July
The National Shooting Sports Foundation (NSSF) is reporting that the July 2023 NSSF-adjusted National Instant Criminal Background Check System (NICS) figure decreased 17.0 percent year-over-year to 1,023,903 checks.
Boot Barn Posts Mid-Singles Q1 Sales Growth Despite Comp Store Decline
The increase in net sales was said to be the result of the incremental sales from new stores opened over the past twelve months and higher average unit retail prices, driven in part by inflation, partially offset by a decrease in consolidated same-store sales.
Compass Diversified Gets Q2 Lift from Primaloft Addition
The 2 percent increase in Q2 was said to be primarily due to the acquisition of PrimaLoft, the strong performance at Lugano and Marucci, partially offset by lower sales at BOA and lower sales at Velocity in the second quarter of 2023.
Katadyn Group Hires Five U.S. Sales Agencies with Focus on Specialty Retailers
Katadyn Group has hired five sales agencies to cover the specialty outdoor retailers in the Northeast, Central, Rockies, and Mid-Atlantic regions of the United States. The agencies are as follows: Northeast: Velocity Sales Management, Michael Schmidt and Bill Bruzzese Central: Palisade Trading, Luke Olson and Ben Boynton Rockies: Alpin Sales, Mark Vaughn, Meg Fogg, James […]
Kelty Engages ORO Sales Group
Kelty hired On the Road and Off (ORO), a Southeast sales and marketing group, to grow sales for the brand’s camping, backpacking and lifestyle gear in the Southeast U.S.
Rocky Brands Logs Q2 Loss on 38 Percent Sales Tumble
Rocky Brands, Inc. reported a loss of $2.7 million in the second quarter ended June 30. Sales were down 38 percent, dropping 45.5 percent in the wholesale channel.
Columbia Sportswear Cuts Full-Year Guidance On U.S. Weakness
Columbia Sportswear Co. reported second-quarter earnings and sales that topped Wall Street expectations, but lowered its outlook for the year as continued weakness in its U.S. offset strength overseas, including China. The company said it was undertaking expense reduction efforts to manage “near-term uncertainty.”
Thor Industries Shifts President Roles at Operating Units
Thor Industries, Inc. promoted key leaders for positions at several of its operating companies—Ryan Juday to president of KZ Recreational Vehicles and Kyle Kwasny as president of Heartland RV, effective August 1.
