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 2, 2020
Putting your money where it counts. The Conservation Alliance says goodbye to Bank of America.
The Conservation Alliance has ended its business with longtime financial partner Bank of America, divesting all funds over concerns about the bank's lack of environmental commitment. Read more on SNEWS.
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November 2, 2020
Have you voted yet?
Today's is election day and your vote counts! The Outdoor Industry Association has pulled together a voters guide for the outdoor industry here.
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November 2, 2020
Emerald Holding takes earnings beating on cancelled shows
You know them for your favorite trade shows that didn't happen this year including Outdoor Retailer, SurfExpo and others. The company reported revenues of $8.5 million in the third quarter ending September 30 compared to revenues of $75.6 million for the third quarter of 2019, a decrease of 88.8 percent....
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November 2, 2020
Colombia delivers disappointing earnings; store closures likely
For the period ended Sept. 30, the athletic and outdoor retail group reported earnings of 94 cents per share, significantly below the prior year’s earnings of $1.75 per share. Revenues also decreased 23% to $701.1 million, compared with market watchers’ forecasts of $767.13 million. While most of their stores remained...
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October 28, 2020
REI Reports Increased Demand for Winter Gear
The pandemic has driven robust sales in outdoor equipment categories, and snow companies are hoping the trends continue for the winter. Sales of cross country skis and snowshoes are running three to four times above last year’s numbers. REI is also seeing increases in entry level winter gear. Read more...
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October 28, 2020
Garmin (GRMN) Q3 Earnings and Sales Beat Estimates, Up Y/Y
GRMN has reported third-quarter 2020 pro-forma earnings of $1.58 per share, beating the Zacks Consensus Estimate by 56.4%. Moreover, the bottom line improved 24.4% on a year-over-year basis and 73.6% sequentially. Net sales were $1.11 billion, which surpassed the Zacks Consensus Estimate of $907.4 million. The figure increased 19% from...
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October 26, 2020
Nepal suspends access to Mount Everest after a local virus case is detected.
The Nepali government has temporarily suspended trekking and access to Mount Everest, the world’s highest mountain, and other mountains in Solukhumbu District after an 80-year-old local man tested positive for the coronavirus. Read more in the NYT.
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October 21, 2020
Black Diamond-Parent Sees Mid-Single Q3 Revenue Gain
Clarus Corp said it expects sales growth for the third quarter to range from 5% to 6% as triple-digit gains at Sierra Bullets offsets a slight decline at Black Diamond. Sales are expected to range between $63 and $64 million, up from $60.2 million in the third quarter of 2019....
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October 21, 2020
Winnebago Industries (WGO) Surpasses Q4 Earnings and Revenue Estimates
Winnebago Industries came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $1.01 per share a year ago. This quarterly report represents an earnings surprise of 61.11%. A quarter ago, it was expected that this recreational vehicle...
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October 21, 2020
RVshare Raises Over $100 Million in Growth Capital
RVshare announced a more than $100 million fundraising round led by KKR, with participation by existing investor Tritium Partners. The fundraising will provide capital, as well as access to KKR’s operational resources and global network, to help RVshare build on its leadership position and record 2020 growth in the RV...
