Coleman, Marmot Parent Sees Q1 Outdoor & Rec Segment Slide 9.1 Percent

April 30, 2025

Newell Brands, the parent company of Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, among others, reported that its Outdoor & Recreation segment suffered another sales decline in the first quarter, although profitability improved.

Segment sales fell 9.1 percent to $182 million compared with $201 million in the prior year period, reflecting a core sales decline of 7.1 percent, as well as the impact of unfavorable foreign exchange.

The core decline worsened sequentially compared with a core sales decline of 3.8 percent in the fourth quarter but still showed improvement over prior recent quarters. Core sales were down 16.8 percent in the 2024 third quarter, 18.2 percent in the second quarter, 20.3 percent in the first quarter, and 21.8 percent in the year-ago fourth quarter. SGB