November 15, 2023

Out&Back Outdoor Acquires The Locals Sale

Out&Back Outdoor, a marketplace to buy or sell new and used outdoor gear, acquired gear exchange company The Locals Sale. Out&Back said in a release that the acquisition positions it to continue expanding its offerings that support sustainability and affordable pricing while challenging the way consumers typically shop and sell...

November 14, 2023

Samsonite Sees Gregory’s Q3 Sales Climb 23 Percent

Samsonite International S.A. reported sales from its Gregory backpack brand grew 23 percent in the third quarter while an overall recovery in travel led to similar gains for the overall company. Consolidated net sales were $957.7 million for the three months ended September 30, an increase of 21.1 percent on...

November 9, 2023

Yeti Lifts EPS Outlook on Strong Margins and Drinkware Strength

Yeti Holdings, Inc. raised its EPS guidance for the year after seeing margins in the second quarter top expectations, expanding over 600 basis points. Q2 Sales were flat as a 6 percent gain in drinkware sales offset a recall-related decline in cooler sales. Adjusted EPS was 60 cents a share,...

November 9, 2023

Wolverine Sees New Round of Layoffs as It Looks to Further ‘Streamline’

Wolverine Worldwide is accelerating its transformation plan as it looks to “streamline” the organization. As part of this plan, the Rockford, Mich.-based footwear company on Thursday revealed a new global workforce reduction and organizational redesign. While Wolverine has not disclosed the number of employees affected by this move, the company...

November 7, 2023

LCI Industries Reports Q3 Financials

LCI Industries, through its wholly owned subsidiary Lippert, reported financial results for 2023’s third quarter. Consolidated net sales for the third quarter were $1 billion, a decrease of 15% from 2022 third quarter net sales of $1.1 billion. Net income in the third quarter of 2023 was $25.9 million, or...

November 6, 2023

EXEC: BOA, Primaloft and Velocity Outdoor Drag on Parent’s Q3 Results

Brand aggregator Compass Diversified (CODI) saw third-quarter sales decline 25 percent at BOA and 16 percent at Primaloft as both businesses continued to be impacted by elevated inventories in the marketplace. Among CODI’s other active lifestyle brands, revenues grew 13 percent at Marucci Sports and 7 percent at 5.11 while...

November 6, 2023

General RV Opening Fourth Florida Store

General RV Center will expand its Florida footprint in early December. The company will open a new store in Fort Pierce, Florida. The store is located about 20 miles north of Port St. Lucie. General RV operates 18 stores nationwide. RVNews

November 2, 2023

Cummins Names Three Experienced Leaders to New Roles

COLUMBUS, Ind.-- Today, Cummins announced several changes to the Cummins Leadership Team. These appointments are effective Jan. 1, 2024. “Destination Zero is Cummins' strategy for decarbonization of our products and is a growth opportunity for us. With our broad portfolio of innovative products, strong partnership with and understanding of our...

November 1, 2023

‘Access Problems for Everyone’: Federal Closure of Moab Trails Sparks Outrage

Off-roading groups and the State of Utah have filed legal challenges to keep Moab trails open to vehicles after federal officials announced large-scale closures in September. Gear Junkie

November 1, 2023

Vista Outdoor Reports Second Quarter FY24 Financial Results

Vista Outdoor Inc. reported financial results for the second quarter of Fiscal Year 2024 (FY24), which ended on September 24, 2023. Sales decreased $105 million to $677 million, down 13 percent, driven by lower shipments across nearly all categories in the Sporting Products segment. Gross profit declined 21 percent to $209...