Solo Brands lifts Ebitda margin as Q2 wholesale revenues soar
Solo Brands lifted its annual Ebitda margin target after a strong rise in second-quarter earnings and wholesale revenues. The owner of four lifestyle brands said wholesale revenues increased 57 percent to $31.3 million in the three months to June 30, compared to $19.9 million a year ago.
U.S. action sports show Surf Expo will feature select outdoor product segments
Trade shows around the world continue to look for ways to redefine themselves or strengthen their presence in the order market, which is increasingly dominated by digital or exclusive events. The latest example is Florida’s Surf Expo, a three-day action sports trade show in Orlando produced by Emerald X, the ...
OutDoor by ISPO provided community and inspiration again in 2023
Three days, over 650 exhibitors and satisfying visitor numbers. OutDoor by ISPO 2023 is over and has been hailed as a success. Now in its second year at the MOC Event and Order Center, the mood was once again that of a community coming together, whether that be for business ...
AirMarker Balloon: A new innovative mountain rescue device from Switzerland
AirMarker, a start-up from Switzerland, has unveiled the AirMarkers R.One, the world’s first balloon rescue system – a portable, ultra-light signal balloon. The system speeds up the search process for accident victims or missing persons and represents a new category of its own in the outdoor market. The AirMarker system ...
First 11 candidates for the French Outdoor Awards 2024 announced
The first entrants who stand a chance of winning the French Outdoor Awards 2024, organized by the french trade association, the Outdoor Sports Valley (OSV), have been selected. Eleven products have been chosen, in this the first of three rounds. Two more test sessions will follow in the course of ...
Johnson Outdoors expands board of directors
Johnson Outdoors, the U.S. parent company of a portfolio of fishing, diving, camping and watercraft brands, including Jetboil, Old Town, Eureka! and Ocean Kayak, announced the appointment of Jeffrey M. Stutz, chief financial officer at MillerKnoll, Inc., as an independent director of the company, effective May 23. Stutz joins the ...
Solo Brands turns Q1 profit, maintains FY guidance
Solo Brands reported a $933,000 net profit against a loss of $2.01 million for Q1 ended March 31. Operating income was $3.2 million against a loss of $3.2 million. Quarterly revenues for the parent of Oru Kayak, Isle paddleboards, Chubbies apparel and Solo Stoves rose by 7.3 percent to $88,207,000 ...
Russia sees a hike in demand in the outdoor goods market
Russian outdoor brands enjoy a strong rise in popularity, primarily owing to the exit of their foreign competitors from the market and a general upshift in outdoor tourism in the country, Russian outdoor goods retailer Globaldrive reported. “We are witnessing a significant growth in sales [of Russian brands]. This is ...
Solo Brands sets FY23 revenue range
Solo Brands, parent of Oru Kayak, Isle paddleboards, Chubbies apparel, and Solo Stoves, is forecasting 0.5 percent to 4.3 percent revenue growth in FY23 to a range of $520 to $540 million with a corresponding adjusted Ebitda margin of 16.5 to 17.5 percent.
Solo Brands eyes deeper assortments with wholesale partners
The publicly traded Grapevine, TX company, which owns four businesses led by its Solo Stove unit, has a Direct-To-Consumer to Wholesale ratio of 85 to 15, a percentage that is likely to persist given Solo’s extreme focus on its relationship with customers. But Solo has a new partnership with warehouse ...
Three European brands among winners of U.S. Outdoor Sports Retail Performance Awards
The NPD Group today announced the winners of its third annual Outdoor Sports Retail Performance Awards. The awards recognize the fastest-growing brands in U.S. outdoor and snow sports retail, based on in-store and e-commerce sales, according to data from NPD’s Retail Tracking Service.
CLR Outdoor presents folding backpack kayak at German Shark Tank
Berlin-based start-up CLR Outdoor, consisting of founders Constanze Lenau and Daniel Schult, presented their folding kayak VIK 3.8 on the German version of the entertainment show Shark Tank on Sep. 5. Although no deal materialized, the TV appearance helped introduce the product to a broader target audience. The kayak, which ...
Solo 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 ...
Folding kayak start-up wins Globetrotter as distribution partner
With its kayak VIK 3.8, made of one piece and completely foldable, the German start-up CLR Outdoor GmbH has now secured Globetrotter as its exclusive distribution partner for the 2022 season. Sales start is June 1. As part of its InnoLab start-up support program, Globetrotter had already assisted CLR Outdoor ...
Pelican International acquires GSI Outdoors
Canadian paddlesports supplier Pelican International, Inc. (not to be confused with U.S. specialty case manufacturer Pelican Products Inc.) has acquired a majority stake in Spokane-based GSI Outdoors. The transaction is an important step in Pelican’s growth as it strives to diversify its offerings in the North American and international outdoor ...
Solo Brands with new CFO and new board members
Solo Brands has appointed Somer Webb as CFO, effective May 16. Sam Simmons, the company’s current CFO, will remain with Solo Brands to ensure a smooth transition. Somer brings more than 15 years of financial experience to Solo Brands. She has extensive experience in financial planning and analysis, mergers and ...
Solo Brands records 19% sales increase in Q1
Solo Brands, the U.S. DTC company owning the Solo Stove, Oru Kayak, Isle paddleboards and Chubbies apparel brands, said its sales increased 19.0 percent to $82.2 million in Q1 2022, ended March 31, compared to $69.1 million in the first quarter of 2021. The increase was driven by the acquisitions ...
Solo Brands with very profitable 2021
Solo Brands Inc., the U.S. company that began trading on the New York Stock Exchange in October 2021 and owns several DTC-focused brands, announced its financial results for the three and twelve-month periods ended Dec. 31, 2021. The operating results in 2021 include the activity of Oru Kayak, Isle Paddleboard ...
Johnson Outdoors with new VP global ops & supply chain
Johnson Outdoors Inc, the U.S.-based company with a portfolio of brands in water sports, fishing, diving and camping that includes the Jetboil, Eureka, Ocean Kayak and Scubapro brands, has appointed Terry Troutman as its new vice president, global operations and supply chain. Troutman will report to Helen Johnson-Leipold, CEO, and ...
Solo Brands seeks new CFO
Solo Brands, the U.S. company that began trading on the New York Stock Exchange in October and owns several DTC-focused brands, including Solo Stove, Chubbies, Oru Kayak and Isle Paddleboard, announced that its current CFO, Sam Simmons, will step down later this year. Simmons will remain in the CFO role ...