October 04, 2023
With Co-CEO and CFO Martin Hoffman telling attendees, “We are no longer outsiders. We are here for the long-term,” On today hosted its first investor day since going public in Sep. 2021.
Sales at HELE’s Home & Outdoor segment, home of Hydro Flask and Osprey Packs, came in flat for the fiscal second quarter ended Aug. 31, at $240.0 million against $240.6 million.
A greater focus on cash flow over revenue was the recurring theme from Beachbody at the LD Micro Conference as the company looks to leverage its former member database, build on its $125 million in cuts from the cost structure in the past year, and tighten its ROI window to 90 days for its direct selling and other marketing investments.
The golf equipment and apparel maker has closed on a $10 million funding round, led by Verance Capital with participation from the San Francisco 49ers’ affiliated fund, Aurum Partners along with other pro athletes and investors.
The Chinese owner of the Kappa brand named Ms. Chen Chen as chief executive officer and the president of the company, succeeding Mr. Zhang Zhiyong who has resigned.