CODI’s 5.11 and Marucci Grow Sales, but Boa, Prima Loft, and Velocity Outdoor Decline
CODI blamed excess inventory in the supply chain for lower sales at BOA, PrimaLoft and Velocity Outdoor, while 5.11 ABR and Marucci Sports posted strong sales gains in the first quarter. Revenue at 5.11 was up 20% to $124,452,000 from $104,023,000 as broad retail headwinds in the U.S. were more than offset by strength in professional sales both domestic and international. EBITDA was up 21% to $14,126,000 from $11,684,000. Marucci benefitted from solid sell-through in the CAT X bat line and growth in field and gloves, bags, and helmets that pushed ... Log in to view full article.