Jarden Corp. reported sales at its Outdoor Solutions segment declined in the second quarter, as a wet cold April and May suppressed sales of baseball, camping and fishing gear during its peak shipping season.


The segment, which owns 21 sporting goods brands, including Coleman, ExOfficio, Marmot, Rawlings and Shakespeare, generated sales of $741.1 million for the second quarter ended June 30, down 6.1 percent from a year earlier. Segment earnings declined 6.9 percent and operating earnings declined 10.4 percent.

“As predicted on our last call due to the wet and cold spring we did lose a reorder cycle in baseball and revenue and gross margins were negatively impacted elsewhere in Outdoor Solutions as we did not see reasonable POS in camping or the higher-margin fishing products until seasonal weather returned right after Memorial Day,” explained CEO Jim Little. “Nonetheless, considering the global weather volatility and Outdoor Solutions strong performance in the prior year Q2, we were satisfied with the 1 percent organic growth and segment earnings JOS reported.”


Despite reports that retailers are pushing back deliveries of fall/winter apparel, Jarden expects Marmot and ExOfficio to begin delivering their orders in August as usual, Lillie said.
 
Jarden maintained its full-year guidance, excluding an anticipated capital gain of $25 million from the sale of its stake in the French ski manufacturer Rossignol. That sale is expected to be consummated in the third quarter, when a consortium led by the Nordic private equity firm Altor is expected to close on its acquisition.