At $707.3 million, sales of the Outdoor Solutions segment of Jarden Corporation were only half those of VF Corporation's Outdoor & Action Sports Coalition in the third quarter. They were up by 17.0 percent from the corresponding level a year ago, and they generated a 24.7 percent higher profit of $83.9 million. Operating earnings increased by 22 percent to a slightly different level of $83.7 million.
All the brands in the division achieved noteworthy performances in many different retail channels, including Ex Officio, Marmot and Zoot for outdoor clothing; Aero, Campingaz and Coleman for camping gear; Abu Garcia, Berkley and Shakespear for fishing tackle; K2, Marker and Völkl for winter sports.
In particular, Coleman benefited from impact of hurricanes and earthquakes. The opening of a flagship store for Marmot in San Francisco contributed to double-digit growth for this brand, whose sales are expected to double over the next few years.
Martin Franklin, executive chairman of Jarden, said it had no plans to change its minority investment in Rossignol, which it took in 2010 when Quiksilver divested it, as the French group has turned around under the management of Bruno Cercley. This former European manager of Coleman got the French Legion of Honor last month. Franklin indicated that Jarden's sales of household goods had not suffered from the recent economic uncertainty.