Clarus reports Q1 EPS $18c, consensus 20c

Reports Q1 revenue $97.4M, consensus $95.04M. "Clarus’ consolidated Q1 performance was resilient given the macroeconomic headwinds that carried over from 2022," said Warren Kanders, Clarus’ Executive Chairman. "In Outdoor, strong direct-to-consumer and international performance was offset by lower open-to-buys at our North American retail accounts as 2022 inventory positions unwind. We are encouraged by our robust order book at Precision Sports, however, our ability to consistently source components constrained ammunition shipments in the quarter. While at Adventure, we experienced sequential stabilization throughout the quarter in our home market of Australia, but continued challenges in North America due to elevated inventory levels in all selling channels.