Fenix Outdoor Brand Sales Jump in Q1
Fenix Outdoor’s wholesale branded segment revenue, for Fjällräven, Tierra, Royal Robbins and other brands, was up 25% in the first quarter to €47.0 million ($53.8 mm) led by the U.S., South Korea, U.K., Benelux and the Czech Republic. Segment operating profit came in at €18.3 million against an operating loss of €15.0 million, despite the impact of higher freight costs. The global sales segment consisting of distribution companies selling more than one Fenix brand produced a first quarter operating profit of ... Log in to view full article.