Americans may spend more on common barbeque items this Fourth of July with prices on products like beer, outdoor folding chairs and grill tools higher, according to a new congressional report.The total cost of a typical grocery trip for a cookout has increased by a 12.7% annualized rate since President Donald Trump's sweeping tariff announcement in April, according to the analysis by the Joint Economic Committee's Democratic minority arm. It calculated the price increase using consumer price index data for ...

Leadership Transition - Stanley Black & Decker has appointed Christopher Nelson as the new President and CEO, effective October 1, 2025, succeeding Donald Allan, Jr. who has been CEO since July 2022 [1][5] - Donald Allan will transition to the role of Executive Chair of the Board, while Andrea Ayers will become Lead Independent Director [2][5] - This leadership change is part of a comprehensive succession planning process undertaken by the Board [1] Executive Background - Christopher Nelson has over 25 years of executive leadership experience and has been with Stanley Black & Decker since 2023 as COO and President of Tools & Outdoor [6] - Prior to joining Stanley Black & Decker, Nelson held leadership roles at Carrier, the U.S. Army, Johnson & Johnson, and McKinsey & Company [6] Company Performance Expectations - Stanley Black & Decker anticipates that its Second Quarter GAAP and Adjusted EPS performance will exceed its 2025 Planning Assumptions from the Q1 2025 earnings call [4][5]

YETI (YETI) FY Conference June 05, 2025 11:40 AM ET Speaker0 Alright. Good morning, everyone. We're gonna go ahead and get started. My name is Philip Lee. I'm the consumer analyst here at William Blair covering YETI. Before we get started, I just wanted to remind you for a full list of disclosures. Please visit our website. So with that that out of the way, I'm excited that we have CFO Mike Mullen here from YETI. You know, it's been a fun story to watch. They've developed a fiercely loyal commute fiercely l ...

More than three-quarters of today's younger DIYers surveyed feel confident they'll complete their planned projects in 2025 Top projects they want to complete include bathtub or shower replacements, interior painting and built-in storage and organization More than half of DIYers surveyed say a sense of accomplishment and pride pushes them to finish their projects TOWSON, Md., June 5, 2025 /PRNewswire/ -- Despite a backdrop of uncertainty, younger homeowners don't plan to hit pause on their planned home impr ...

Core Insights - Solo Stove, a leading outdoor lifestyle brand, has launched its first cooler, the Solo Windchill 47, marking its expansion into a new product category [1][3] - The cooler features innovative technology, including a built-in air conditioner and misting system, designed to provide cooling relief during hot weather [1][2] Product Details - The Solo Windchill 47 Cooler can hold up to 65 cans and offers over three hours of active cooling on a single charge [3] - It includes premium foam insulation, accessory attachment systems, integrated bottle opener, charging ports, all-terrain wheels, and a rear-facing drain [3] - The cooler will be available in two colors at a price of $649.99, with pre-orders starting on May 14 and shipping in early June [4] Company Overview - Solo Brands, headquartered in Grapevine, TX, operates multiple outdoor lifestyle brands, including Solo Stove, TerraFlame, Chubbies, ISLE, and Oru Kayak [5] - The company focuses on leveraging e-commerce and retail relationships to offer innovative, premium products to consumers [5]

Clarus (CLAR) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Matthew Berkowitz - Managing DirectorWarren Kanders - Executive ChairmanNeil Fiske - President - Black Diamond EquipmentMichael Yates - CFOPeter McGoldrick - Vice PresidentJoseph Gonzalez - Equity Research Associate Conference Call Participants Mark Smith - Senior Research AnalystAnna Glaessgen - Senior Research Analyst Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss Cla ...

YETI (YETI) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Company Participants Maria Lycouris - Investor RelationsMatt Reintjes - President and CEOMike McMullen - Senior VP, Treasurer & CFORandal Konik - Managing DirectorPeter Benedict - Managing Director - Equity ResearchAlexia Morgan - AVP - Equity ResearchJoe Altobello - Managing Director Conference Call Participants Brooke Roach - AnalystJim Duffy - AnalystAnna Glaessgen - Senior Analyst, Consumer Operator Good morning, ladies and gentlemen, and welcom ...

Financial Data and Key Metrics Changes - Consolidated revenue increased by 11% to $1.54 billion, setting a new first-quarter record, with gross and operating margins at 57.6% and 21.7% respectively, leading to record operating income of $333 million, up 12% year over year [4][17] - Pro forma EPS rose by 13% year over year to $1.61, while GAAP EPS was reported at $1.72 [17][4] Business Segment Data and Key Metrics Changes - **Fitness Segment**: Revenue increased by 12% to $385 million, driven by strong demand for advanced wearables, with operating income of $78 million and gross margin of 57.2% [10][11] - **Outdoor Segment**: Revenue surged by 20% to $438 million, with operating income of $129 million and gross margin of 64.2% [12] - **Aviation Segment**: Revenue grew by 3% to $223 million, with operating income of $48 million and gross margin of 75% [13][14] - **Marine Segment**: Revenue decreased by 2% to $319 million, with operating income of $87 million and gross margin of 58.2% [15] - **Auto OEM Segment**: Revenue increased by 31% to $169 million, with a gross margin of 18% and a narrowed operating loss of $9 million [16] Market Data and Key Metrics Changes - Revenue growth by geography showed 23% growth in EMEA, 9% in APAC, and 4% in the Americas [18] - Approximately 40% of revenue is generated in non-U.S. Dollar currencies, benefiting from a weaker U.S. Dollar [9][21] Company Strategy and Development Direction - The company is adapting to a dynamic global trade environment, with a focus on mitigating tariff impacts and maintaining a diversified business model [5][10] - New product launches, such as Garmin Connect Plus and the Vivoactive six smartwatch, are part of the strategy to enhance customer engagement and drive revenue growth [11][12] Management's Comments on Operating Environment and Future Outlook - Management noted a modest reduction in demand due to the current trade environment, but emphasized strong product lines and a resilient business model [10][9] - The company is maintaining its revenue growth estimates for various segments, with a cautious outlook on potential demand shifts [10][14] Other Important Information - The company updated its full-year 2025 guidance, estimating revenue of approximately $6.85 billion, reflecting favorable foreign currency impacts and modest demand weakening [21][22] - The effective tax rate for the quarter was reported at 14.5%, down from 15.6% in the prior year [20] Q&A Session Summary Question: Demand trends across segments and inventory building - Management indicated no signs of weakness in demand, with strong sell-through rates and no overstocking observed [25][26] Question: Launch timing of Garmin Connect Plus - The decision to launch was driven by advancements in AI-based insights, with positive initial customer reception [28][30] Question: Disaggregation of demand weakness versus FX tailwinds - Management refrained from providing specific figures but acknowledged a modest decrease in demand while highlighting FX benefits [35][38] Question: Mitigation strategies for tariffs - Management is evaluating various mitigation strategies on a case-by-case basis, including sourcing actions and pricing adjustments [40][42] Question: Marine segment promotional timing - The decrease in marine revenue was attributed to the timing of promotions, with expectations of a ripple effect into the second quarter [49][50] Question: Consumer demand outlook for the second half - Management remains cautiously optimistic, factoring in potential softness but noting strong current demand [55][56] Question: Subscription and software revenue reporting - Subscription revenue will be reported separately once it reaches 10% of consolidated revenue [71][72] Question: Impact of tariffs on aviation products - The impact is limited as most aviation manufacturing occurs in the U.S., though some materials are sourced internationally [84]

Garmin (GRMN) Q1 2025 Earnings Call April 30, 2025 10:30 AM ET Company Participants Teri Seck - Director of IRClifton Pemble - President & CEODouglas Boessen - CFO & TreasurerJoseph Cardoso - Vice President, Equity ResearchErik Woodring - Managing Director - Equity ResearchGeorge Wang - Vice PresidentIvan Feinseth - Chief Investment Officer Conference Call Participants Joseph Nolan - Associate AnalystBen Bollin - Analyst & PartnerRon Epstein - AnalystNoah Zatzkin - Vice President & Equity Research Analyst O ...

NEW BRITAIN, Conn., April 25, 2025 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK), a worldwide leader in Tools and Outdoor, announced today that its Board of Directors approved a regular second quarter cash dividend of $0.82 per common share. This extends the Company's record for the longest consecutive annual and quarterly dividend payments among industrial companies listed on the New York Stock Exchange. The dividend is payable on Tuesday, June 17, 2025, to shareholders of record as of the close of bu ...