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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August 9, 2024
Updated: Stalking Horse Bid for Eastern Mountain Sports Approved
The Eastern Mountain Sports (EMS) retail brand may survive bankruptcy after the court on Wednesday approved a $5 million stalking horse bid from U.K.-based Mountain Warehouse for some of the remaining stores. A stalking horse bid is an initial bid on the assets of a bankrupt company. If other bidders...
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August 7, 2024
EXEC: Saucony and Merrell Gaining Traction, But Remain Down Sharply in Q2
Wolverine Worldwide became one of the few companies in the outdoor space to hike its full-year guidance in recent months after seeing second-quarter results come in better than expected due to the margin benefits from its transformation plan and traction gained by its Saucony and Merrell brands. In the quarter...
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August 7, 2024
The North Face, Timberland Revenues Still on the Decline
Revenues at The North Face and Timberland declined again in the first quarter of fiscal year 2025 as parent company VF Corp. cut costs, divested its Supreme brand, and hired new leadership to help turn the ship around. The North Face’s revenue declined by 2% year over year to $524.2 million in...
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August 7, 2024
OR and Surf Expo Parent Narrows Q2 Loss on Flattish Revenue Decline
Emerald Holding, Inc., parent of the Overland Expo consumer show and the Outdoor Retailer and Surf Expo trade shows, posted revenues of $86.0 million for the second quarter of 2024, a decrease of 0.6 percent year-over-year. This decrease was said to be primarily due to several small, discontinued events that...
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August 7, 2024
Solo Brands Lowers FY Guidance on Softening Demand
Solo Brands, Inc. reported results in the first half exceeded expectations, but the parent of Solo Stove reduced its full-year outlook due to deteriorating trends so far in the third quarter. The company’s other brands include TerraFlame, Chubbies, Oru Kayak, Isle, and IcyBreeze. Net sales increased to $131.6 million, or...
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August 6, 2024
GoPro (GPRO) Reports Q2 Loss, Tops Revenue Estimates
GoPro (GPRO) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4%. A...
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August 6, 2024
Vista Outdoor’s Fiscal Q1 EPS Dips as Outdoor Segment Sales Sink Mid Teens
Vista Outdoor, Inc. reported that consolidated sales for the fiscal first quarter ended June 30 and decreased 7.1 percent year-over-year to $644 million. The decline was driven primarily by lower volume at The Kinetic Group (Ammo segment) and Revelyst (Outdoor segment), partially offset by increased government sales at Revelyst and the...
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August 1, 2024
Hoka Continues to Expand Wholesale Reach, Plans Apparel Push in Future
Hoka continues to post blockbuster results for parent company Deckers Brands, with double-digit growth in both wholesale and DTC channels in the quarter ended March 31. Hoka’s revenue increased 30% to $545 million during the quarter. DTC revenue jumped 33%, while wholesale rose 28%. The Daily Outdoor
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July 31, 2024
Camping World Sees New Vehicle Unit Sales Picking Up as Used Units Fall
Camping World Holdings, Inc. reported revenue of $1.8 billion for the 2024 second quarter, a decrease of 5.0 percent from the 2023 Q2 period. However, the company may see some dawning light over the summer as year-over-year same-store new vehicle unit growth accelerated into the mid-teens in June and into...
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July 26, 2024
Columbia Sportswear Reports Softer Sales and $11.8 million Net Loss in Second Quarter
Competition, slow consumer demand and cautious retailers in the U.S. drove softer net sales at Columbia Sportswear in the second quarter of 2024, delivering results CEO Tim Boyle said were largely in line with the company’s expectations. Columbia reported net sales of $570 million for the quarter, an 8% decrease...
