Sports News and Press Releases about Outdoor Industry Business
Want to stay up to date on the latest press releases and business news in the outdoor sports and camping industries? Scroll below to view all outdoor industry business news.
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March 14, 2024
Solo Brands Sees Q4 DTC Sales Shrink on Lack of New Product, Focus on Wholesale
Solo Brands, Inc., parent of the Solo Stove, Chubbies, Oru Kayak, Isle, and Icy Breeze brands, reported that fourth-quarter net sales decreased 16.2 percent year-over-year (YoY) to $165.3 million, compared to $197.2 million in the prior-year fourth quarter. The decline was said to be due, in part, to a lack...
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March 14, 2024
‘We Need to Fight’: Union Organizing Booms in US Outdoor Industry
North Carolina’s Blue Ridge Parkway is “basically a nightmare” for labor unions. That’s according to organizers with the AFL-CIO, who faced a tough fight in 2023 to gain representation of all 160 workers stretched across the National Park’s 469 miles of mountain terrain. It’s difficult to meet with all the park’s...
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March 11, 2024
Vail Resorts Fiscal Q2 Hurt by Weather Issues, but Pre-Season Pass Sales Help
Vail Resorts, Inc. reported that season-to-date (STD) total skier visits decreased 9.7 percent, and total lift revenue increased 2.6 percent through March 3, 2024 compared to the fiscal year 2023 season-to-date period through March 5, 2023. Season-to-date ski school revenue was up 5.5 percent, and dining revenue was down 0.5...
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March 8, 2024
Lazy Days Holdings (GORV) Reports Q4 Loss, Misses Revenue Estimates
Lazy Days Holdings (GORV) came out with a quarterly loss of $1.09 per share versus the Zacks Consensus Estimate of a loss of $0.73. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of...
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March 7, 2024
REI adds Colorado store to list of 2024 openings
REI Co-op is adding a new location to its list of stores planned for 2024. The specialty outdoor retailer will open a 23,000 sq.-ft. store in Loveland, Colo. this summer, joining nine other locations in the state. In January, REI detailed plans to open 10 new stores in 2024, including locations in...
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March 6, 2024
Thor Industries’ stock posts double-digit loss after earnings miss amid ‘challenging operating environment’
Recreational vehicle maker cuts 2024 guidance and missed earnings estimates. Thor Industries Inc.'s stock fell sharply on Wednesday after the recreational vehicle maker missed quarterly profit expectations and cut its 2024 guidance in the face of a challenging environment. Thor Industries (THO) stock fell 17% in premarket trades. Other RV...
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March 5, 2024
Arc’teryx Pushes Amer Sports to Solid Sales Gains in First Quarter as a Public Company, But Loss Is Wider Than Expected
Amer Sports, Inc. reported strong sales on Tuesday morning, largely driven by its flagship Arc’teryx brand and strong sales in Greater China. The newly public Finnish company, which owns the Salomon, Arc’Teryx, Wilson, Peak Performance and Atomic brands, reported a 10 percent revenue increase in Q4 to $1.32 billion. Net loss narrowed to...
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March 4, 2024
EXEC: Fenix Outdoor Acquires 30 Percent of Fjällräven Retail Partner
Fenix Outdoor has acquired 30 percent of its local Fjällräven Brand retail partner, Arctic Fox s.r.o. Artic Fox runs six Fjällräven Stores and online businesses in the Czech Republic and Slovakia. Fenix Outdoor has an option to increase its ownership over time. SGB
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March 1, 2024
EXEC: Vista Outdoor Fields $2.9 Bn Offer to Acquire Company in All-Cash Deal
The Remington and Federal ammunition businesses, among others, have reportedly received an unsolicited interest from MNC Capital Partners, indicating that MNC would be interested in acquiring Vista Outdoor in an all-cash transaction for $35.00 per share. Before the March 1 release of the information by MNC on the morning of...
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February 29, 2024
Surf Expo and OR Parent Posts Net Loss for Q4 and Full Year
Emerald Holding, Inc., parent of the Outdoor Retailer and Surf Expo trade shows, reported fourth-quarter 2023 revenues were $101.5 million, an increase of 8.4 percent versus the fourth quarter 2022, said to be driven primarily by organic revenue growth of $5.2 million as well as $1.7 million in revenue from...
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February 26, 2024
The Indoor Climbing Industry Is Booming, but the Transition Has Changed the Sport
At the end of 2023, a total of 785 climbing gyms were open in the United States, compared to 353 gyms in 2014. That’s a 122 percent increase in less than a decade. The industry accumulates over $30 billion in revenue yearly, according to the Climbing Wall Association—rivaling the general fitness, health, and...
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February 23, 2024
Merrell Expects DD Decline in 2024; Return to Growth in H2
Merrell brand parent company Wolverine Worldwide (WWW) outlined progress and planning for some of its top brands when discussing fourth-quarter and full-year results, pointing to the outdoor footwear brand as a key contributor. Wolverine’s CEO Chris Hufnagel said the Merrell brand will have the opportunity to work more closely with...
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February 22, 2024
Hidden gems, off-season trips highlights of 325.5 million national park visits in 2023
The National Park Service announced that 400 national parks reported a total of 325.5 million recreation visits in 2023, an increase of 13 million or 4% over 2022. In addition to the continued growth in overall numbers, NPS data shows that visitation is increasing in the more traditional off-seasons at many...
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February 21, 2024
Camping World Selling More New Models but Lower ASPs Cut into Revenues
Camping World Holdings, Inc. Chairman and CEO Marcus Lemonis in a company release new vehicle same-store unit growth turned positive beginning in December 2023, and January and February to-date are trending up from mid-single-digit to low-double-digit growth. Revenue was $1.1 billion in the fourth quarter, a decrease of 13.4 percent...
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February 21, 2024
KOA’s Monthly Report Highlights Surge in 2024 Travel Bookings
Kampgrounds of America (KOA)’s latest monthly report showed a significant uptick in travel bookings for the 2024 season, particularly among Gen Z campers. The report indicates the continuing trend of integrating road trips with camping, noting a 10% higher preference for road trips over traditional camping activities. This preference highlights a...
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February 15, 2024
YETI Reports Fourth Quarter and Fiscal Year 2023 Results
YETI Holdings, Inc. announced its financial results for the fourth quarter and fiscal year ended December 30, 2023. Fourth quarter net sales increased 16%; Adjusted net sales increased 6%, net sales were highlighted by a 12% increase in Drinkware net sales and a 44% increase in International net sales; International...
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February 9, 2024
Prana Records 21% Revenue Drop in 2023
Active lifestyle brand Prana’s 2023 revenue dropped 21% to $113.6 million as parent company Columbia Sportswear works to find the formula that will return the brand to growth. Columbia acquired Prana in the summer of 2014 for $190 million in cash. At the time, Prana was expected to generate $100 million in...
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February 7, 2024
GoPro Q4 and 2023 revenues each decrease 8%
GoPro Inc. fourth-quarter revenue declined 8% year-over-year as did its 2023 revenue despite camera sell-through increases in the second half of the year. Quarterly revenue was $295 million, compared with $321 million year-over-year. For the year it was $1.0 billion, compared with $1.09 billion in 2022. Bicycle Retailer
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February 6, 2024
Sorel 2024 Revenue Expected to Fall Double Digits
Industry footwear brand Sorel, owned by Columbia Sportswear, is experiencing weak sell through this season, which is weighing on future wholesale orders, according to Columbia executives. The brand has been a growth story for Columbia in the past. The Daily Outdoor Retailer
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February 5, 2024
Columbia Sportswear Facing Layoffs and Cost Cuts
Columbia Sportswear is facing tough outdoor and wholesale challenges ahead. A lackluster fourth-quarter report resulted in layoffs, as well as an expectation for “erosion in profitability” in 2024. And the company’s challenges include cautious retail partners and greater competition from other brands. The company projected first-quarter net sales to be...
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February 5, 2024
Alterra Mountain Company to buy Arapahoe Basin in Colorado
Alterra Mountain Company has entered into an agreement to purchase Arapahoe Basin in Colorado. The ski resort is currently owned by Dream Unlimited Corp. A-Basin often boasts the longest ski season in Colorado, many times running through June and even July 4. The ski resort is located 68 miles from...
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February 5, 2024
RV sales ‘normalizing’ to pre-pandemic numbers following huge boom in sales
After a tremendous boom during the pandemic, RV sales are normalizing back to pre-COVID times, but that doesn't mean Americans aren't camping. According to Kampgrounds of America, around 57% of campers have already booked a trip for this year. The pandemic threw a lot of businesses under the bus but...
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February 1, 2024
Salomon Owner Amer Sports Raises $1.37 Billion in U.S. IPO
Amer Sports, Inc. raised $1.37 billion its U.S. initial public offering (IPO), a total that fell short of its projected $1.8 billion. The Finnish company, which owns the Salomon, Arc’Teryx, Wilson, Peak Performance and Atomic brands, sold 105 million ordinary shares for $13 each. The company previously anticipated offering 100 million ordinary...
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January 31, 2024
Yeti Acquires Backpack Brand Mystery Ranch
Outdoor products company Yeti announced Wednesday that it has acquired growing pack brand Mystery Ranch. Terms of the deal were not disclosed. The Daily will update this story with more information from the companies as this develops. Mystery Ranch will continue to operate out of Bozeman and will work with...
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January 26, 2024
REI Lays Off More than 300 Employees as It Warns About Rocky 2024
CEO Eric Artz notified employees in a Jan. 25 letter that the outdoor retailer would lay off 357 people across its organization, including 200 corporate employees at its Sumner, Wash. headquarters and 121 in its distribution centers. The news follows Nike’s December announcement to “streamline” its organization and cut costs,...