All Hunting & Fishing articles – Page 8
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News briefsNyrensten steps down as CEO of RevolutionRace
Source: RVRC Holding Pernilla Nyrensten, former CEO of RevolutionRace RVRC Holding (RevolutionRace) has announced changes to its leadership team. Pernilla Nyrensten is stepping down as CEO at her own request. She will continue as an active member of the board of directors, focusing in particular on brand ...
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News briefsJohnson Outdoors focuses on managing global supply chain issues
The U.S. parent of a portfolio of fishing, diving, camping, and watercraft brands, including Jetboil, Old Town, Eureka! and Ocean Kayak, saw its third-quarter gross margin dip to 36.1 percent from 45.7 percent in the year-ago period due to increased material costs that were driven by supply chain dynamics. With ...
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ArticleVista Outdoor acquires Simms Fishing Products
Shortly after announcing its acquisition of Fox Racing, a California-based global provider of high-performance motocross, mountain biking and lifestyle gear, for at least $540 million, Vista Outdoor Inc. has now confirmed that it will also acquire Montana-based Simms Fishing Products. Simms is a premium fishing brand and leading designer, marketer ...
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ArticleShimano sees strong demand for bikes in first half, fishing segment cooling down
Shimano reported a 22.4 percent increase in net income to 68,558 million Japanese yen (€491.6m) for the six months ended June 30. Operating income was 15.7 percent higher for the period at ¥80,909 million (580.2m) versus ¥69,922 million in the year-ago period. Pearl Izumi U.S. was excluded from the reported ...
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News briefsAmerican Outdoor Brands reports Q4, FY operating losses
American Outdoor Brands (AOB) suffered an operating loss of more than $70.7 million in the fourth quarter ended April 30 as the company completed its first full year as a public company. The net loss was $76,686,00 against a profit of $1,248,000. Final period revenues declined 28.8 percent to $45,893,000 ...
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ArticleRapala VMC H1 results sink on market challenges
Rapala VMC suffered a 42 percent decline in comparable first-half operating profit to €15.5 million from €26.5 million as total revenues dipped by 7 percent to €148.4 million from €159.6 million. First-half net profit slid 52 percent to €8.7 million from €18.1 million. Period end inventories were up nearly 60 ...
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News briefsWrangler expands into fishing styles
Jeanswear brand Wrangler, part of Kontoor Brands, has announced the expansion of its All-Terrain Gear by Wrangler line of outdoor and athleisure apparel to include high-performance fishing styles. The new dual-gender ATG Wrangler Angler Collection, designed to meet the needs of anglers, incorporates key features like increased ventilation, stretch and ...
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ArticleVista Outdoor outlines long-term vision and financial goals for proposed separation of its business
Vista Outdoor, the parent company of 39 brands including CamelBak, Bushnell Golf, Foresight Sports, Bell Helmets, Camp Chef, Giro, QuietKat and Stone Glacier, held its annual investor day for institutional investors and analysts at the New York Stock Exchange this week. Speakers included CEO Chris Metz, CFO Sudhanshu Priyadarshi and ...
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News briefsGrundéns introduces waders with Gore-Tex, wading boots with Vibram
Grundéns, a Swedish fishing apparel and footwear manufacturer, has announced an innovative wading collection to the market. The collection will be available in spring 2023 at Grundéns retail partners and on grundens.com. The waders feature Gore-Tex materials and an advanced support system and offer anglers freedom of movement in and ...
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News briefsAngling Direct reports 7.2% sales increase
Angling Direct, the British omnichannel fishing tackle and equipment retailer, has posted a revenue increase of 7.2 percent in the full year ended Jan. 31, 2022, with annual revenues reaching £72.5 million (€85.4 million). The company reported a pre-tax profit of £4 million (€4.7 million) as compared to £2.7 million ...
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ArticleYeti sees big growth potential outside U.S.
Yeti’s first-quarter international sales rose 45 percent to $37.4 million from $25.8 million to account for 13 percent of period revenues and Yeti management thinks the segment can grow to more than 20 percent of its overall business over the long term. Despite current geopolitical headwinds in Europe, Yeti is ...
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News briefsRapala’s COO Lars Ollberg retires
Rapala VMC will bid farewell to company veteran Lars Ollberg this month after 44 years with the Finnish-based fishing tackle company. Ollberg began his Rapala career in 1978 as a sales representative and subsequently has also worked in marketing and sourcing positions at many of the company’s business units around ...
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ArticleJohnson Outdoors gets lift from camping, but fishing sinks
Johnson Outdoors’ operating income slipped 57.2 percent to $15.4 million from $36.0 million as total revenues fell 8.0 percent to $189.6 million from $206.2 million for the second quarter ended April 1. Gross margin slid to 36.2 percent from 45.2 percent, a decline the company blamed on higher material and ...
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ArticleVista Outdoor to separate into two; Q4 and FY profits soar
Vista Outdoor, which currently has a portfolio of 39 brands, including five it acquired over the last year, intends to separate its outdoor products and sporting products segments into two independent, publicly-traded companies. The current completion date for the transaction is sometime in 2023, when Vista sees additional acquisitions before ...
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News briefs
GSM Outdoors takes over Bill Lewis lures brand
U.S. hunting gear company GSM Outdoors has expanded its presence in the fishing market with the acquisition of the Bill Lewis Rat L-Trap brand of baits. The terms of the deal were not disclosed. This new move follows GSM’s first acquisition in the sector of Gary Yamamoto Custom Baits last ...
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News briefs
Nexus Outdoors launches new fishing apparel line
Michigan-based Nexus Outdoors, the owner of the ScentLok and Blocker Outdoors brands, has expanded into the fishing category with a new apparel line called Whitewater. The new brand is designed to allow anglers to focus on fighting fish, not the weather conditions, thanks to specific materials, technologies, and tailoring, Nexus ...
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News briefsRapala VMC reels in 2022 outlook
Rapala VMC, the Finnish-based fishing tackle firm, is now forecasting its full-year 2022 comparable operating profit to be below what it was in 2021. The crisis in Ukraine, a cold and late spring in the Northern hemisphere and faster normalization in the U.S. after the Covid-19 pandemic are the drivers ...
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ArticleShimano maintains guidance as sales growth continues to slow
Shimano’s sales in the first quarter of 2022 increased by 13.9 percent compared to the year-earlier to 144,047 million yen (€1,061m), as the growth rate in revenues continued to slow but nonetheless remained strong in the face of supply chain disruptions and logistics difficulties. The company said it is on ...
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News briefsDakine returns to the fishing business
Dakine, the brand founded in Hawaii in 1979 that offers bags, accessories, apparel and outerwear for people who love outdoor adventure, has relaunched its Dakine Fish category, which includes fish bags, tackle storage, gloves and headwear for a range of saltwater and freshwater fishing. Originally introduced in the 1980s, Dakine ...
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News briefs
Sharpe’s of Aberdeen acquired by MAG NI Holdings, owner of Dennett Outdoor
MAG NI Holdings, the owner of Dennett Outdoor, has announced that it has acquired the assets of Clan Nets, which trades as Sharpe’s of Aberdeen. Dennett Outdoor and Sharp’s will continue to operate as separate entities, with Dennett as the exclusive distributor of Sharpe’s products in the U.K. and Ireland. ...
