May 02, 2024 Peloton Reports another Loss, Restructuring as CEO Departs
Heading into the seasonally slowest and most challenging quarter of its fiscal year, Peloton Interactive’s two-year transformation is continuing down a bumpy path. Fox Factory Gets Marucci Boost
The bottom line swung to a loss of $3,496,000 from $41,767,000 in profit on sales that were down 17% to $333,472,000 from $399,851,000, with Marucci’s solid performance proving an exception to the destocking and interest rate pressures continuing to wreak havoc across segments. Clarus Guides for Rising Profits in 2024
Net income in the first quarter soared to $21,884,000 from $1,598,000 a year ago, but that included a $40.6 million gain from the since-divested ammo business, and CLAR posted a net loss from continuing operations of $6,462,000 against a loss of $2,031,000. Fenix Outdoor Sales Slip in Q1
Branded segment revenues at the Swedish outdoor company from Fjällräven, Royal Robbins, Brunton and other brands declined by 15% in the first quarter to €45.2 million ($49.1 mm) from €53.1 million.
VSTO’s outdoor segment has divested reloading equipment and tools brand, RCBS to KS-based Hodgdon Powder Co. for undisclosed terms. Outdoor Retailer Adds Activewear and Swimwear Marketplace
OR is partnering with Collective Shows to add wholesale activewear and swimwear vendors to Outdoor Retailer Winter this Nov. 6-8, 2024, at the Salt Palace Convention Center in Salt Lake City, UT.
The Big a is once again suing apparel maker Aviator Nation and its owner, Paige Mycoskie, in OR district court for selling items with three and four stripes that it says infringe on its Three Stripe mark and for breach of contract. GoPro’s ITC Investigation Moves Forward
GPRO’s April complaint has resulted in the International Trade Commission opening a section 337 investigation into Arashi Vision (dba Insta360), which is accused of importing certain cameras, camera systems, and accessories that infringes on its patents. CPSC Recalls: Electric Skateboards, Igloo Bottles
Floatwheel self-balancing electric skateboard owners are being warned by the CPSC not to use the devices, because they can suddenly stop or stop balancing the user, which can throw a rider off the board. Etcetera: Columbia, Cascale, ABG, JD Sports, Sunday Golf, Under Armour
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