May 05, 2022
Vista Outdoor plans to separate its outdoor products and ammunition segments into two separate public companies, by spinning-off the outdoor business to shareholders in a distribution that will take place some time in calendar year 2023.
Net income was $118,702,000 in the first quarter, against a loss of $263,262,000 last year that included a $391,666,000 after tax charge to write down the divested European Innerwear business, as revenues grew 5% (+7% constant currency) to $1,576,156,000 from $1,508,029,000.
After a strong start to 2022, Crocs, Inc. is eyeing approximately $3.5 million in total annual revenues as it continues marching its way to longer-term objectives of $5+ billion in annual sales for the Crocs brand by 2026 and $1+ billion in annual revenues for the recently acquired Heydude brand by 2024.
Net income inched down 5% to $81,045,000 from $84,958,000 in the first quarter on sales that were up 4% (+8% constant currency) to $606,087,000 from $580,885,000.
The bottom line swung to a positive $5,685,000 in the first quarter from last year’s loss of $10,168,000 on revenues that were up 6% to $216,705,000 from $203,680,000.
CODI’s 5.11 ABR segment reported 4% revenue growth to $104,023,000 in the first quarter, but rising input at supply chain costs sent EBITDA down 1% to $11,977,000.
Fox Factory net income increased 26% in the first quarter to $48,050,000 from $37,986,000 on 34% higher sales of $377,977,000 up from $281,136,000, driven by a 44% jump in Specialty Sports Group sales from OEM and aftermarket bicycle component channels.
Big Foot has been making moves to ensure it has plenty of product in the key basketball category as Nike pulls back, first cutting a deal in Feb. with ABG for Reebok exclusives, and now announcing an enhanced partnership with The Big a.
The Coleman and Marmot parent elevated Chris Peterson, current CFO and president of business operations, to president and CFO.
Wahoo sees the ratings agency cut its corporate family rating and the rating on its senior secured first lien credit facility to B3 from B2.
The hunting and shooting distributor’s CEO, Ron Staffieri is retiring at the end of 2022, after helming the company for six years.
Santa Cruz is recalling about 1,600, 2022 Heckler 9 electric bicycles, because the battery latch mechanism can fail, allowing the battery to fall to the ground.
WizWheelz is recalling about 340 GreenSpeed Magnum recumbent trikes and replacement Sturmey-Archer drum brake quick release front axles, because they were improperly assembled during manufacturing, and can come loose during use.