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Mar 31, 2024
Clarus Q1 2024 Earnings Report
Clarus reported first quarter 2024 results, with increased quarterly adventure sales and reduced apparel inventory at Outdoor, reaffirming full year guidance.
Key Takeaways
Clarus Corporation reported first quarter 2024 financial results, with sales at $69.3 million, a decrease compared to the same year-ago quarter. The Adventure segment saw a 27% increase in sales, while the Outdoor segment experienced a decline. The company reaffirmed its full-year guidance.
Strategic initiatives are yielding incremental near-term benefits.
Outdoor segment made progress on inventory reduction, with apparel inventory declining nearly 38% year-over-year.
Adventure sales increased 27% driven by strength in OEM customer demand.
Company reaffirmed full-year guidance.
Clarus
Clarus
Clarus Revenue by Segment
Revenue by Segment
Outdoor Segment Revenue
CapyFin.comAdventure Segment Revenue
CapyFin.com Forward Guidance
The Company continues to expect fiscal year 2024 sales to range between $270 million to $280 million and adjusted EBITDA of approximately $16 million to $18 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income