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.
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May 11, 2022
EXEC: Wolverine World Wide Sees Q1 Revenues Top Guidance
Wolverine World Wide reported revenues and operating margins in the first quarter exceeded expectations. Better-than-expected performances by Saucony and Sperry and strong international growth helped overcome shortfalls in its e-commerce operations and at Sweaty Betty. In the quarter, sales rose 20.4 percent to $614.8 million, ahead of company guidance calling...
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May 10, 2022
Mt. Hood Skibowl bans summer mountain biking after paying $10.5M in crash that paralyzed Oregon man
Mt. Hood Skibowl will keep cyclists off its forested trails this summer after losing a lawsuit from a man who said he slammed into a signpost in the recreational area and was paralyzed from the waist down. Oregon Live
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May 9, 2022
Emerald’s Sales Bounce Back In First Quarter
Emerald Holding, Inc. reported revenues of $98.5 million for the first quarter of 2022, an increase of $85.6 million, or 663.6 percent, from $12.9 million in revenue for the first quarter of 2021. SGB Media
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May 6, 2022
Led by online sales, GoPro revenue rises 71% in Q1
GoPro Inc. revenue grew 71% year-over-year in the first quarter buoyed by online sales that jumped 224% in the same period. Revenue was $204 million for the three months ending March 31, compared with $119 million in Q1 2020. GoPro.com revenue increased to $82 million, which was 40% of the...
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May 3, 2022
GSM Outdoors continues foray into fishing sector
GSM Outdoors has taken over the Bill Lewis Rat L-Trap brand of baits. It follows its first acquisition in the sector of Gary Yamamoto Custom Baits late last year. At the time its Vice President of Sales, Zach Henderson, told Angling International it was working on several additional acquisitions. Angling...
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May 2, 2022
Are User Fees a Fair Solution for Public Lands Management?
Federal agencies, like the National Park Service and Bureau of Land Management (BLM), use entrance and amenity fees to fund operations and limit visitation numbers at crowded destinations. After the the BLM enacted an entrance fee and reservation system for the main loop road in Red Rock National Conservation Area...
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April 29, 2022
Sorel Drives Columbia Sportswear’s Earnings Beat, Aims to Become a Billion-Dollar Brand
Columbia Sportswear just beat earnings expectations for the first quarter, largely driven by its Sorel brand. The Portland, Ore.-based company reported a net income growth of 20% to $66.8 million in Q1, with diluted earnings per share of $1.03. Net sales increased 22% to $761.5 million, compared to Q1 of...
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April 29, 2022
Patagonia Joins Lawsuit Against Forest Service to Stop Logging in Los Padres Nat’l Forest
A forest thinning project approved by the U.S. Forest Service threatens to cut down virgin forests on two California peaks. A host of entities, including Patagonia, aim to stop what they call the ‘commercial logging’ initiative. GearJunkie
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April 29, 2022
Osprey’s Layne Rigney Stepping Down as CEO
Osprey Packs announced Thursday that CEO Layne Rigney will leave the company at the end of the day following nearly six years. Rigney joined Osprey in 2016 as president and assumed the role of CEO in 2018. During his tenure, he oversaw the acquisition of Osprey Europe from its former...
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April 28, 2022
Columbia Sportswear Raises Earnings Guidance On Q1 Beat
Columbia Sportswear Company’s earnings rose 20 percent in the first quarter ended March 31 on a 22 percent revenue gain. The company raised its EPS guidance for the year, with earnings topping Wall Street targets. Among brands, the largest gain came from Sorel, up 37 percent year-over-year, followed by Columbia, up 22...
