News Briefs – Page 7
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News briefsAngling Direct experiences revenue growth despite headwinds
Angling Direct, the British omnichannel fishing tackle and equipment retailer, saw group revenues increase by 1.3 percent in the first half ended July 31, 2022, against the first half of the previous fiscal year, with revenues reaching £38.9 million (€44.8m). Sales on a same-store basis increased by 4.6 percent. Store ...
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News briefsAndalusian bike chain benefits from tourism
BikePhilosophy, with stores in Marbella, Málaga and Vélez-Málaga, enjoyed a year-on-year rise in sales of 30 percent in the third quarter, according to CMDsport. The Spanish retailer’s first quarter fell short of expectations, with a rise of 9 percent, but business has picked up since July, resulting in a rise ...
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News briefsNewell Brand’s bond offering receives Ba1 rating from Moody’s
After a negative outlook from S&P Global for Newell Brands, the parent company of outdoor and recreation brands CampingGaz, Coleman, Marmot and others, Moody’s rating was much more favorable: The new senior unsecured bonds received a Ba1 rating, and the outlook for the company remained positive. The rating agency expects ...
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News briefsThule expects impact on its bicycle business from reduced orders
In a webcast meeting with Magnus Welander, CEO and president of the Thule Group, the company informed about the current market situation just before the company’s Q3 report 2022, which is scheduled for Oct. 26. In its half-year report on July 21, the company described the general market situation in ...
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News briefsAOB sees sales drop in Q1 but e-commerce shines
American Outdoor Brands (AOB) reported sales of $43.7 million in the first quarter ended July 31, down by 28.1 percent compared to the year earlier. E-commerce revenues jumped by 23.7 percent to $20.5 million, and traditional sales declined by 47.6 percent to $23.1 million amid lower foot traffic in retail ...
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News briefsNewell Brands drops FY22 outlook
Newell Brands has revised its full-year revenue, operating margin and cash flow forecasts due to “a more challenging than anticipated operating and consumer backdrop.” The Atlanta-based company and parent to eight brands in its outdoor & recreation segment, including CampingGaz, Coleman, Marmot and Ex-Officio, has reduced its FY22 revenue outlook ...
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News briefsRapala VMC Corp. issues FY22 profit warning
Rapala VMC Corp., citing a short open water fishing season this year and strong de-stocking at retail, is forecasting a significant drop in annual operating profit against the €32.1 million it reported for the financial year 2021. The Finnish-based fishing tackle company also said abnormal weather on all key continents, ...
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News briefsSamsonite continues to see improving sales trends, Gregory back to pre-pandemic levels
First half revenues 59 percent to $1,270.2 million from $799.5 million for the six months ended June 30 as the Gregory Mountain Products parent continued to experience improving sales trends that began in the second half of 2021. Excluding China, where renewed pandemic-related lockdowns impacted performance, consolidated second-quarter sales were ...
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News briefsSolo Brands generates 53 percent increase in Q2 sales
Solo Brands, a direct-to-consumer-focused company that currently owns four lifestyle brands, reported a 53 percent increase in second-quarter earnings to $136.0 million from $88.7 million for the period ended June 30. The revenue gain was driven by acquired businesses and higher DTC and wholesale channel revenues. DTC sales rose 63 ...
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News briefsDidriksons invests in international growth
The Swedish outdoor brand Didriksons has broken new sales records, according to ehandel.se. “We are seeing an increase of 30 percent compared to last year. This is going to be our best year ever; we had the best spring ever,” Petra Sabo, head of DTC at Didriksons, commented on the ...
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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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News briefsRocky Brands’ margins hurt by cost pressures
Rocky Brands suffered a significant decline in second-quarter gross margin to 33.2 percent from 37.4 percent in the year-ago quarter due to higher products and inbound freight costs coupled with higher logistics expenses. Despite the negative impacts, the company said it did not experience any noticeable sales slowdown related to ...
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News briefsOberalp Group expects growth to continue in 2022
The Oberalp Group posted revenues of €303 million in 2021, up from around €220 million in 2020. Oberalp owns the brands Salewa, Dynafit, Pomoca, Evolv, Wild Country and LaMunt. In an interview with Pambianconews, Oberalp’s board member Ruth Oberrauch said that the company expects revenues to increase further in 2022 ...
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News briefs
Quarterly outdoor recreation sales fell 5.7 percent for Newell Brands
Newell Brands, which reported a 5.7 percent drop in outdoor & recreation sales to $427 million from $453 million in the second quarter, said the segment’s core sales increased 2.5 percent during the period against a difficult year-ago comparison. Outdoor equipment revenues outside the U.S. fueled the sales gain in ...
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News briefsPolygiene benefits from currency gains in Q2
Swedish antimicrobial textile treatments manufacturer Polygiene reports that its Q2 (ended June 30) net income more than doubled to 17.2 million Swedish kroner (€1.7 million) from SEK 8.3 million, while sales rose 1.3 percent to SEK 47.5 million (€4.6 million) from SEK 46.9 million. Sales in the Americas, including merchandise ...
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News briefsBike24 revises 2022 annual forecast
German bike, running and swimming sports online retailer Bike24 Holding AG has revised its previous forecast for the full year 2022 downwards due to the further deterioration in economic conditions in Q2 2022. According to the Dresden-based company, which has been listed on the stock exchange since June 2021, the ...
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News briefsBuff’s sales are back to normal after the pandemic boom
Buff, the Spanish headwear and neckwear company, posted revenues of €49.6 million in its fiscal year 2021, ending April 30. The figure compares to €85 million in sales and a 62 percent increase in the previous fiscal year when results were exponentially boosted by the outdoor boom during the Covid-19 ...
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News briefs
American 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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News briefsKathmandu parent updates guidance
KMD Brands, formerly Kathmandu Holdings, is now forecasting total annual sales of NZ$955 to NZ$965 million (€580.7m to €586.8m) for the 12 months ending July 31 after a record performance during a winter promotional period for its Kathmandu retail operation. FY22 Ebitda, excluding one-off, non-cash items, including government subsidies, is ...
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News briefsCalzados Bestard tops last year’s record H1 sales
Calzados Bestard generated revenues of €3 million in the first half of 2022, for a year-on-year gain of 2.5 percent. With its €7 million in sales, however, last year was exceptional – the best ever for the Spanish producer of mountaineering, hiking and trekking boots. Sales this year have improved ...
