RACINE, Wis., July 22, 2025 (GLOBE NEWSWIRE) -- JOHNSON OUTDOORS INC. (Nasdaq: JOUT), a leading global innovator of outdoor recreation equipment and technology, will release financial results for the Fiscal 2025 third quarter on Friday, August 1, 2025, before market open that day. The Company will host a conference call and audio webcast shortly afterwards at 11:00 a.m. Eastern Time to discuss the financial results and provide a Company update. A live listen-only webcast of the conference call may be access ...

Core Viewpoint - Clarus Corporation will hold a conference call on July 31, 2025, to discuss its financial results for Q2 2025, which ended on June 30, 2025. The results will be released after market hours on the same day [1]. Company Overview - Clarus Corporation is headquartered in Salt Lake City, Utah, and is a global leader in designing and developing equipment and lifestyle products for outdoor enthusiasts. The company aims to provide safe, effective, and aesthetically pleasing products to enhance outdoor experiences [3]. - The company's products are sold under well-known brands such as Black Diamond®, Rhino-Rack®, MAXTRAX®, and TRED Outdoors®, through various channels including outdoor specialty retailers, online platforms, and original equipment manufacturers [3]. Conference Call Details - The conference call is scheduled for July 31, 2025, at 5:00 pm ET, and will be accessible via a registration link provided in the announcement. The call will also be available for replay on the company's website [2].

Core Viewpoint - Clarus Corporation has completed the sale of PIEPS and JetForce avalanche pack intellectual property for €7.8 million (approximately $9.1 million), indicating a strategic move to simplify its business and strengthen its balance sheet [1][2]. Company Overview - Clarus Corporation is headquartered in Salt Lake City, Utah, and is a global leader in designing and developing equipment and lifestyle products for outdoor enthusiasts [2]. - The company aims to provide safe, simple, effective, and aesthetically pleasing products to enhance outdoor experiences, with a focus on continuous product innovation [2]. Strategic Focus - The divestiture of PIEPS is part of a broader strategy to rationalize product categories and focus on long-term growth opportunities [2].

Core Insights - Solo Stove is expanding its product line with the introduction of the Solo Steelfire™ 30 Stainless Griddle, aiming to disrupt the outdoor cooking market and enhance backyard entertaining experiences [1][4] Product Features - The Steelfire™ Griddle heats up in just 7 minutes and offers professional-grade performance with a proprietary 3-ply stainless steel-clad surface that resists rust and requires no seasoning [2][3] - It heats over 35% faster than traditional cast iron griddles, reaching optimal temperatures of 300 - 800 degrees quickly, and features a patent-pending Solo Racetrack Burner configuration for even cooking [3] - An integrated grease trap and a modular stand with foldable side tables enhance usability and customization for outdoor cooking [3] Market Positioning - The Steelfire™ 30 Griddle is priced at $899 or $1,199 with a stand, available exclusively on SoloStove.com, with pre-orders starting on June 11th and shipping beginning in early July [5] - The product launch is accompanied by customizable accessory kits designed to enhance the cooking experience, including a Burger Kit, Chefs Kit, and Essentials Kit [4] Company Overview - Solo Brands, headquartered in Grapevine, TX, operates multiple lifestyle brands, including Solo Stove, TerraFlame, Chubbies, ISLE, and Oru Kayak, focusing on innovative and premium products [6]

Financial Data and Key Metrics Changes - Total net sales for the first quarter were $77.3 million, down 9.5% from the prior year [11] - Adjusted gross profit was $42.8 million, representing 55.4% of net sales, compared to 59.5% in the prior year [12] - GAAP net loss was reduced to $12.2 million, down over 65% from the fourth quarter [13] - Adjusted EBITDA for the quarter was $3.5 million, with a margin of 4.5% of net sales, compared to $4.3 million or 5% of net sales in the prior year [13] Business Line Data and Key Metrics Changes - Chubby's segment sales grew by 43.9%, contributing an incremental $13 million in sales through retail expansion and increased direct-to-consumer (DTC) sales [7][11] - Solo Stove segment sales declined by $25.3 million, primarily due to the elimination of extensive discounting and a lack of new product launches [8][11] Market Data and Key Metrics Changes - The company is diversifying its manufacturing footprint to mitigate tariff impacts, with plans to reduce reliance on China-sourced products [10] - Tariffs did not impact first quarter results, but proactive steps are being taken to offset expected costs starting in the second quarter [10] Company Strategy and Development Direction - The company is focused on a profit-oriented transformation plan, leveraging its entrepreneurial culture to build and scale its outdoor lifestyle portfolio [6][7] - Strategic initiatives include organizational design, marketing effectiveness, pricing strategies, and product innovation [15][17][18][19] - New product launches are anticipated to ramp up in Q4, with a focus on premium brand offerings and reduced promotional activities [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the business as initiatives begin to yield results, with expectations to stabilize performance in the second half of the year [7][21] - The company is working closely with lenders to address its debt structure and has a plan to regain compliance with NYSE listing requirements [5][6][21] Other Important Information - The company reported a going concern disclaimer in its Form 10-Q due to expected non-compliance with certain financial covenants [14] - The company has implemented significant performance improvements and cost reduction initiatives to enhance financial performance [10][12] Q&A Session Summary - The management indicated that a Q&A session would be limited due to ongoing discussions with lenders regarding the company's debt structure, leading to many "no comment" responses [21]

Financial Data and Key Metrics Changes - Total net sales for Q1 2025 were $77.3 million, down 9.5% from the prior year [11] - Adjusted gross profit was $42.8 million, representing 55.4% of net sales, compared to 59.5% in the prior year [12] - GAAP net loss was reduced to $12.2 million, down over 65% from the fourth quarter [13] - Adjusted EBITDA for the quarter was $3.5 million, with a margin of 4.5% of net sales, compared to $4.3 million or 5% of net sales in the prior year [13] Business Line Data and Key Metrics Changes - Chubby's segment sales grew by 43.9%, contributing an incremental $13 million in sales through retail expansion and increased DTC channel sales [7][11] - Solo Stove segment sales declined by $25.3 million, primarily due to the elimination of extensive discounting and a lack of new product launches [8][11] Market Data and Key Metrics Changes - The company is diversifying its manufacturing footprint to mitigate tariff impacts, with plans to reduce reliance on China-sourced products [10] - The company is exploring near-shore options and U.S. production alternatives to offset expected tariff costs starting in Q2 [10] Company Strategy and Development Direction - The company is focused on a profit-oriented transformation plan, emphasizing operational financial improvements for both the near and long term [6][20] - Strategic initiatives include aligning DTC and retail promotional strategies, implementing pricing strategies, and enhancing product innovation [18][19] - The company plans to launch five new products in the Solo Stove division this year, with a focus on premium brand launches and reduced promotional activities [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the business as initiatives begin to yield results, particularly in the Chubby's segment [7] - The company is working closely with lenders to address its debt structure and has a plan to regain compliance with NYSE listing requirements [5][6] - Management acknowledged the challenges posed by tariffs but is taking proactive steps to mitigate their impact [10] Other Important Information - The company reported a going concern disclaimer in its Form 10-Q due to expected non-compliance with certain financial covenants [14] - The company is not planning any acquisitions in 2025, focusing instead on stabilizing performance [14] Q&A Session Summary - The management indicated that many questions would require a "no comment" response due to ongoing discussions with lenders regarding the company's debt structure [21]

Financial Data and Key Metrics Changes - Q1 net sales reached $60.4 million, exceeding expectations despite a challenging consumer backdrop, reflecting a decline from $69.3 million in the prior year [5][32] - Adjusted EBITDA for Q1 was a loss of $800,000, compared to breakeven guidance, indicating a significant decline in profitability [37][41] - Gross margin decreased to 34.4% from 35.9% year-over-year, impacted by lower volumes and unfavorable product mix [36] Business Line Data and Key Metrics Changes - Adventure segment revenue fell 28% to $16.1 million, primarily due to significant declines from three specific accounts [33][34] - Outdoor segment revenue was $44.3 million, down 6% year-over-year, driven by planned declines in ski business and product simplification efforts [34][35] - The company sold $2.7 million of discontinued merchandise in the Outdoor segment, which negatively impacted gross margin by 80 to 90 basis points [72][76] Market Data and Key Metrics Changes - North America wholesale for Outdoor was down 7.3%, with a 38% decline in the ski category [17] - Europe digital D2C sales increased by 10.7%, while international distributor markets saw a decline of 21.4% [18] - Apparel bookings for the fall/winter season increased by 30% in Europe and 50% in North America, indicating strong demand [20][67] Company Strategy and Development Direction - The company is focused on executing its strategic roadmap for profitable growth, emphasizing product simplification and SKU rationalization [5][6] - A new leadership appointment in the Adventure segment aims to drive growth and improve market positioning [10][11] - The company is accelerating efforts to reduce reliance on China for manufacturing, with plans to complete the transition by the end of 2026 [23][43] Management's Comments on Operating Environment and Future Outlook - Management has withdrawn full-year guidance due to macroeconomic uncertainties and the impact of U.S. trade policies [13][41] - The company is taking decisive actions to maintain competitive positioning and financial strength, with zero third-party bank debt [13][39] - Management remains confident in the strategic direction and is actively working to mitigate the impact of tariffs on operations [42][43] Other Important Information - The company announced the divestiture of its PEEP Snow Safety brand for EUR 7.8 million, aligning with its strategy to simplify the business [40] - Cash and cash equivalents at the end of Q1 were $41.3 million, down from $45.4 million at the end of the previous year [38] Q&A Session Summary Question: Are there any cancellations in products brought into the U.S. due to tariff impacts? - Management confirmed there have been no cancellations and emphasized efforts to maintain supply while managing margin impacts [49][50] Question: Can you quantify the headwinds to gross margin in each segment? - Management indicated that discontinued merchandise accounted for a significant portion of the gross margin decline, with specific percentages provided for each segment [55][61] Question: What is the expected annualized contribution from the PEEP business? - The PEEP business historically generates about $5 million in revenue annually, with EBITDA around breakeven [64] Question: How is the company addressing distribution in the U.S.? - The company is focusing on specialty distribution channels rather than mass discount retailers, expanding its reach significantly in the bike rack segment [87] Question: What is the status of price increases in relation to competitors? - The company has been proactive in implementing price increases to offset tariffs, positioning itself ahead of competitors in this regard [89][91]

Financial Data and Key Metrics Changes - Q1 2025 net sales were $60.4 million, exceeding expectations despite a challenging consumer backdrop, compared to $69.3 million in Q1 2024, reflecting a 13% decline year-over-year [5][33] - Adjusted EBITDA for Q1 was a loss of $800,000, down from breakeven guidance, with adjusted EBITDA margin at negative 1.3% [37][41] - Gross margin for Q1 was 34.4%, down from 35.9% in the prior year, impacted by lower volumes and unfavorable product mix [35][36] Business Line Data and Key Metrics Changes - Adventure segment revenue was $16.1 million, down 28% year-over-year, primarily due to significant declines from three specific accounts [34] - Outdoor segment revenue was $44.3 million, down 6% year-over-year, driven by a planned decline in the ski business and the shift of IGD revenue to Q4 2024 [34][35] - The company sold $2.7 million of discontinued merchandise in the Outdoor segment during Q1, which contributed to the revenue but negatively impacted gross margins [69] Market Data and Key Metrics Changes - North America wholesale sales in the Outdoor segment were down 7.3%, with a 38% decline in the ski category [17] - North America digital D2C sales were down 7%, while Europe digital D2C sales increased by 10.7% [18] - International distributor markets saw a decline of 21.4% due to optimal timing shifts of deliveries [18] Company Strategy and Development Direction - The company is focused on executing its strategic roadmap for long-term profitable growth, emphasizing product simplification and SKU rationalization [5][6] - A new leadership appointment in the Adventure segment aims to drive growth and improve organizational structure [10][11] - The company is accelerating efforts to reduce exposure to China sourced products, with plans to complete the transition by Q4 2025 [24][42] Management's Comments on Operating Environment and Future Outlook - Management has withdrawn full-year guidance due to macroeconomic uncertainties and the impact of U.S. trade policies on consumer demand [12][41] - The company is committed to maintaining competitive positioning and financial strength, supported by a balance sheet with zero third-party bank debt [13][41] - Management remains optimistic about the potential for long-term growth despite current challenges, citing a strong order book for fall/winter apparel [21][46] Other Important Information - The company announced the divestiture of its PEEP Snow Safety brand for EUR 7.8 million, aligning with its strategy to simplify the business [40] - Cash and cash equivalents at the end of Q1 were $41.3 million, down from $45.4 million at the end of 2024 [38] - The company is actively pursuing legal matters related to Section 16B securities litigation and cooperating with ongoing investigations by the DOJ and CPSC [44][45] Q&A Session Summary Question: Are there any cancellations in products brought into the U.S. due to tariff impacts? - Management confirmed there have been no cancellations and emphasized efforts to maintain supply while managing margin impacts [48][50] Question: Can you quantify the headwinds to gross margin in each segment? - Management indicated that the unfavorable product mix and promotional sales efforts negatively impacted gross margins, with specific percentages provided for each segment [56][58] Question: What is the expected annualized contribution from the PEEP business before divestiture? - The PEEP business historically generates about $5 million in annual revenue, with Q1 revenue reported at $1.8 million [61] Question: How is the company navigating distribution in the U.S.? - The company is focusing on specialty distribution channels rather than mass discount retailers, expanding its reach with new partnerships [84] Question: What is the strategy regarding price increases in light of tariffs? - The company has proactively communicated price increases to offset tariffs and is among the first in the industry to do so [86][88]

Continues to Execute Strategic Initiatives to Accelerate Long-Term Profitable Growth Promotes Industry Veteran Tripp Wyckoff to Lead Adventure Entered into Agreement to Divest PIEPS Snow Safety Brand for €7.8 Million SALT LAKE CITY, May 08, 2025 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, reported financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial Summary vs. Same Ye ...

Financial Data and Key Metrics Changes - Sales increased by 3% to $351 million, driven by strong growth in coolers and equipment and continued momentum in international business [38][39] - Gross profit increased by 3% to $201.3 million, representing 57.3% of sales, a 20 basis point decrease year-over-year [45] - Net income decreased by 12% to $25.8 million, or $0.31 per diluted share, reflecting a decrease of 9% compared to the prior year [47][62] Business Line Data and Key Metrics Changes - Coolers and Equipment sales increased by 17% to $140.2 million, marking the fifth consecutive quarter of double-digit growth [39] - Drinkware sales decreased by 4% to $205.6 million, impacted by a challenging market and supply chain disruptions [40][41] - Direct-to-consumer sales grew by 4% to $196.2 million, representing 56% of total sales [42] Market Data and Key Metrics Changes - International sales grew by 22% to $79.9 million, despite a 500 basis point headwind from foreign exchange [44] - Strong performance noted in Europe, particularly in Germany, The Netherlands, and The U.K., with significant growth opportunities identified [31][32] - The U.S. market is expected to be flat to down low single digits year-over-year, while international business is projected to grow between 15% to 20% [56] Company Strategy and Development Direction - The company is focused on three key areas: product innovation, supply chain transformation, and operational discipline [5][11] - Plans to introduce over 30 new products in 2025, up from 24 in 2024, despite supply chain constraints [8][69] - A significant shift in Drinkware production out of China is underway, with expectations that less than 5% of total COGS will be related to products from China by the end of the year [12][65] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating 2025 despite macroeconomic uncertainties and projected headwinds from tariffs and cautious consumer behavior [6][50] - The company anticipates a challenging second quarter with flat to slightly down sales year-over-year, particularly in U.S. Drinkware [53] - Long-term growth potential remains strong, with a focus on brand resilience and product innovation [35][65] Other Important Information - The company ended Q1 with $259 million in cash and a substantial net cash position, reflecting strong liquidity [48] - Capital expenditures are expected to be approximately $60 million, with a focus on supply chain diversification efforts [62] - The company is closely monitoring tariff policies and implementing mitigation strategies to manage costs [64] Q&A Session Summary Question: Number of new product introductions expected for 2025 - The company expects about 30 new products in 2025, compared to 24 in 2024, with a focus on maintaining innovation despite supply chain disruptions [69] Question: Impact of tariffs and supply chain changes - Approximately 90% of the $100 million tariff impact is related to China, with expectations of a significant reduction in exposure to Chinese goods by 2026 [76] Question: Outlook for the Drinkware business - The company anticipates a durable demand in the Drinkware category, with ongoing diversification efforts to address various consumer needs [81] Question: Approach to pricing amid rising costs - The company is focused on targeted pricing strategies while shifting supply chains to mitigate tariff impacts, ensuring long-term stability [92] Question: Acceleration of international growth - The company sees significant growth opportunities in established international markets and plans to leverage the Japan launch to expand into the rest of Asia [95]