Newell Outdoor Sales Dip 20% in Q2
Outdoor and Recreation sales, which includes Coleman and Campingaz, were down 20% to $353 million in the second quarter, from $443 million last year, and segment operating income fell 38% to $25 million from $40 million. The camping category, including stoves, grills, tents and shelters, had strong growth. Sales were impacted by store closures, but bounced back as pandemic-related lockdowns eased later in the quarter. Consumers’ demand for gear to support outdoor activities is seen ... Log in to view full article.