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Article Date: May 2023
Word Count: 303

Clarus Ammo and Adventure Sales Slip in Q1


Net income dropped 70% to $1,598,000 in the first quarter from $5,309,000 last year on sales that were down 14% to $97,384,000 from $113,276,000, though Outdoor segment sales increased 2% (+5% CC) to $52.8 million. Black Diamond saw European sales up 26% and international distributor sales up 35%, while DTC e-commerce was28% higher and stores comped up 13%. These gains were offset by softness in the North American wholesale channel from its backlog of inventory. CLAR expects another six months before supply and demand equal out, with the market settling at ... Log in to view full article.

 


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