Q1 Net Sales Above Expectations
Clarus Corporation reported Q1 net sales of $60.4 million, which were above expectations despite challenging market conditions.
Inventory Management Success
Inventories ended the quarter down 3.5% year over year at $60.6 million, with 74% in best ACE styles, reflecting successful inventory management.
Positive Feedback on Revamped Apparel Line
Strong feedback from partners on the revamped Black Diamond apparel line, supported by new creative direction.
Significant Reduction in Operating Expenses
Operating expenses, excluding restructuring charges, were down 7.3% due to cost structure optimization.
Successful Divestiture of PEEPS Snow Safety Brand
Clarus entered an agreement to sell the PEEPS snow safety brand for €7.8 million, aligning with their business simplification strategy.