Sports News and Press Releases about Outdoor Industry Business
Want to stay up to date on the latest press releases and business news in the outdoor sports and camping industries? Scroll below to view all outdoor industry business news.
-
May 17, 2024
Patagonia Prevails in Nordstrom Lawsuit
Patagonia settled a counterfeiting lawsuit on May 15 with Nordstrom after filing the accusation against the retailer in federal court on May 30, 2023. The suit alleged that Nordstrom sold “thousands of counterfeit Patagonia sweatshirts and t-shirts” through its Nordstrom Rack stores, in the complaint filed in the U.S. District Court...
-
May 16, 2024
Yeti Discloses Mystery Ranch Acquisition Price
Yeti acquired Mystery Ranch, known for its durable load-bearing backpacks, bags, and pack accessories, for $36.2 million. The deal closed on February 2. Yeti also acquired Butter Pat Industries, a manufacturer of cast iron cookware, in the first quarter. In the first-quarter earnings call last week, Matt Reintjes, Yeti’s president and...
-
May 15, 2024
REI Workers Say Union Effort Has Prompted A Disciplinary Crackdown
Employers are free to punish workers for violating company policy, but not with the intention of ousting organizers or chilling a union drive. Whether such discipline is legal often boils down to whether or not it was meted out consistently to other workers in the past. REI denies it’s trying to...
-
May 9, 2024
Yeti Inc. Lifts Fiscal Year EPS Guidance After Q1 Sales and Earnings Beat
Yeti Inc. raised its earnings guidance for the year after reporting first-quarter earnings easily topped analysts’ expectations. Earnings on an adjusted basis surged 89 percent while sales grew 13 percent, boosted by a re-acceleration in domestic growth with balanced growth across drinkware and cooler segments. Sales and adjusted sales both...
-
May 9, 2024
Solo Brands Announces First Quarter Results
Solo Brands, Inc. (NYSE: DTC) (“Solo Brands” or “the Company”) today announced its financial results for the three month period ended March 31, 2024. Net sales decreased to $85.3 million, or 3.3%, compared to $88.2 million in the first quarter of 2023. Lower net sales resulted from less effective marketing and...
-
May 7, 2024
GoPro Q1 Loss Expands as DTC Web Sales Tank and Retail Surges 33 Percent
GoPro, Inc. said it exceeded its revenue target in the first quarter and is making progress on its multi-year TAM expansion strategy, but it is taking more time than than anticipated. “We believe our investments to grow our brand, retail presence and broader product line will restore growth and profitability...
-
May 6, 2024
Removing Dead Bodies from Mount Everest Is Dangerous and Expensive. Here’s Why.
A team of 12 Nepalis is slated to ascend Mount Everest this month to bring five dead bodies down from the peak. Recovery missions come with a soaring price tag and a heightened potential for disaster. Outside
-
May 6, 2024
Black Diamond Returns to Growth in Q1, Posting DD Gain as Inventory Clears
Clarus Corp., the parent of Black Diamond, the parent of the Black Diamond, Pieps, MaxTrax and Rhino-Rack brands, believes has laid the foundation to drive increased profitability and unlock new growth opportunities in 2024 and beyond. It appears Wall Street believes it too as CLAR shares surged nearly 19 percent...
-
May 2, 2024
Camping World (NYSE:CWH) Misses Q1 Sales Targets
Recreational vehicle (RV) and boat retailer Camping World missed analysts' expectations in Q1 CY2024, with revenue down 8.3% year on year to $1.36 billion. It made a GAAP loss of $0.51 per share, down from its profit of $0.05 per share in the same quarter last year. yahoo!
-
May 2, 2024
Biden expands 2 national monuments in California significant to tribal nations
President Joe Biden on Thursday expanded two national monuments in California following calls from tribal nations, Indigenous community leaders and others for the permanent protection of nearly 120,000 acres (48,562 hectares) of important cultural and environmental land. The designations are part of the Democratic president’s “America the Beautiful” initiative, launched in 2021...
