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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November 6, 2023
General RV Opening Fourth Florida Store
General RV Center will expand its Florida footprint in early December. The company will open a new store in Fort Pierce, Florida. The store is located about 20 miles north of Port St. Lucie. General RV operates 18 stores nationwide. RVNews
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November 2, 2023
Cummins Names Three Experienced Leaders to New Roles
COLUMBUS, Ind.-- Today, Cummins announced several changes to the Cummins Leadership Team. These appointments are effective Jan. 1, 2024. “Destination Zero is Cummins' strategy for decarbonization of our products and is a growth opportunity for us. With our broad portfolio of innovative products, strong partnership with and understanding of our...
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November 1, 2023
‘Access Problems for Everyone’: Federal Closure of Moab Trails Sparks Outrage
Off-roading groups and the State of Utah have filed legal challenges to keep Moab trails open to vehicles after federal officials announced large-scale closures in September. Gear Junkie
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November 1, 2023
Vista Outdoor Reports Second Quarter FY24 Financial Results
Vista Outdoor Inc. reported financial results for the second quarter of Fiscal Year 2024 (FY24), which ended on September 24, 2023. Sales decreased $105 million to $677 million, down 13 percent, driven by lower shipments across nearly all categories in the Sporting Products segment. Gross profit declined 21 percent to $209...
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November 1, 2023
Garmin Lifts Outlook On Q3 Beat
Garmin, Ltd. raised its guidance for the year as third-quarter results topped expectations. Among segments, fitness sales grew 26 and Outdoor advanced 7 percent while Marine declined 7 percent. Highlights for the third quarter 2023 include: Consolidated revenue of $1.28 billion, a 12 increase compared to the prior year quarter...
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October 30, 2023
How Wave Pools Are Deploying AI as a Revenue-Producing Tool
Wave parks seem to be the first to deploy artificial intelligence in a practical way connected to surfing. And it’s immediately being promoted as a revenue tool for them. Wavegarden announced this week that it’s using an AI-based video tracking program, which will allow park guests to track their sessions...
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October 30, 2023
Mountain Hardwear Down 9% in Q3 as Brand Works on Refresh
Outdoor apparel and gear brand Mountain Hardwear posted sales of $29.2 million for the third quarter ended Sept. 30, down 9% compared to the same period last year. The decline was driven by lower fall 2023 wholesale shipments, and was partially offset by DTC growth, said Tim Boyle, CEO of parent company...
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October 28, 2023
Thule’s Profits Bounce Back in Third Quarter
Thule Group reported a strong recovery in earnings in the third quarter as sales rose 8.0 percent. Sales in the North American region decreased 15 percent on a currency-neutral basis. The Sweden-based maker of outdoor and transportation products reported net sales for the quarter amounted to SEK 2,311 million ($205.8...
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October 27, 2023
Columbia Sportswear (COLM) Q3 Earnings Surpass Estimates
Columbia Sportswear (COLM) came out with quarterly earnings of $1.70 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to earnings of $1.80 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.19%. A quarter...
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October 26, 2023
Hoka Continues to Drive Deckers Brands in Q2, Ugg Returns to Profit
Shares for Deckers Brands were up nearly 10 percent on Thursday evening after the bell, as the footwear company reported another positive quarter driven by its star Hoka and Ugg brands. The Goleta, Calif.-based footwear company reported net sales in the second quarter of 2024 increased 24.7 percent to $1.09...