EarningsQ2 2026 Earnings Report
DE:BDO Q2 2026 EPS Results
Actual EPS€0.16
Consensus EPS-€0.06
Beat/MissBeat by +€0.23
One Year Ago EPS-€0.20
DE:BDO Q2 2026 Revenue Results
Actual Revenue€49.96M
Expected Revenue€45.86M
Beat/MissBeat by +€4.11M
YoY Revenue Growth+0.73%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeAfter Close
Conference CallThursday, August 6, 2026
DE:BDO Upcoming Earnings
Clarus's next earnings date is estimated for November 9, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:BDO Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call highlights meaningful operational progress at the Outdoor segment (revenue growth across core categories, improved full-price apparel mix, and solid adjusted EBITDA) and margin recovery at Adventure driven by cost reductions. Balance-sheet strength (debt-free position), positive free cash flow improvement, a modest buyback and an upgraded full-year adjusted EBITDA guide are positive signals. However, a material portion of the improved profitability is attributable to a one-time $6.1M tariff refund, Adventure revenue remains pressured (-11.9% YoY), inventory is up 12% and macro/geopolitical risks (Middle East conflict, potential inflation) and pending litigation create uncertainty. Overall, positives and one-time benefits are balanced by persistent top-line weakness in Adventure and external risks.Company Guidance
Consolidated Revenue Growth
Q2 consolidated sales of $56.2M, up 1.6% versus $55.2M in the prior year period.
Outdoor Segment Outperformance
Outdoor revenues increased ~8.5%-9.1% YoY (management referenced both 8.5% reported and 9.1% in remarks). Core 'Big 3' categories (Mountain, Climb, Apparel) drove ~95% of segment revenue and grew ~9.5%.
Category Strength — Climb, Mountain, Apparel
Climb grew 13.5% YoY, Mountain grew 7.4%, Apparel grew 7.4% overall with in-line Apparel sales up 22.9% and clearance/discontinued merchandise down 61%, indicating a healthier full-price mix.
Adjusted EBITDA and Margin Improvement
Q2 consolidated adjusted EBITDA of $7.6M (adjusted EBITDA margin 13.6%). Outdoor adjusted EBITDA was $9.0M for the quarter.
Tariff Refund Boost to Profitability
Outdoor received $6.4M in IEEPA-related receipts during Q2 ($6.1M tariff refunds + $0.3M interest), lifting reported gross margins (consolidated gross margin 48.9% vs 35.6% prior year). Excluding the tariff refund, Outdoor gross margin was 36.5% and consolidated would have been 38%.
Adventure Margin Recovery and Cost Discipline
Adventure gross margin improved to 41.5% in Q2, up 420 basis points YoY. Adventure is above breakeven on materially lower revenue after headcount reduced 20% and an 11% lighter cost base.
Balance Sheet and Cash Flow Improvements
Net debt-free at June 30, 2026 (total debt $0). Q2 free cash flow was positive $0.6M versus a $11.3M outflow in the prior-year quarter. Cash & equivalents $28.9M.
Return of Capital — Share Buybacks
Repurchased 153,331 shares in Q2 for approximately $0.4M (management cited ~$400K / $2.29–$2.92 per share), with ~$42.4M remaining under the $50M buyback program.
Improved Full-Year Adjusted EBITDA Guidance
Full-year 2026 adjusted EBITDA guidance revised to $12M–$13M (prior guidance $3M–$5M). Management attributes most of the revision to the $6M tariff refund and elimination of ~$2M expected legal expenses.
Strategic Actions and Bolt-on M&A
Completed acquisition of certain assets/liabilities of ONWRD Supply Co. to add complementary, high-margin in-vehicle accessories; Jefferies retained to explore strategic alternatives to unlock value.
Product Momentum and Channel Wins
RockyMounts and MAXTRAX products are outperforming forecasts; RockyMounts expanding U.S. and Australian accounts and brand penetration improving across Europe and Asia with double-digit growth in several countries.
DE:BDO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed