Loading...
•
Jun 30, 2020
Clarus Q2 2020 Earnings Report
Clarus reported second quarter results, navigating COVID-19 from a position of strength.
Key Takeaways
Clarus Corporation reported sales of $30.0 million for the second quarter, a decrease compared to the same year-ago quarter. The company's gross margin increased, and selling, general, and administrative expenses decreased due to cost-saving initiatives. Net loss was $(2.7) million, and adjusted EBITDA was $(1.3) million.
Sales in the second quarter were $30.0 million, compared to $47.0 million in the same year-ago quarter.
Black Diamond sales were down 47%, while Sierra sales were up 7%.
Gross margin increased 140 basis points to 35.4% compared to the year-ago quarter.
Selling, general and administrative expenses decreased 16% to $14.5 million.
Forward Guidance
Clarus believes they are well on track to achieve the goals laid out last quarter, including liquidity improvements, cost-saving measures, key sales assumptions and current demand trends.
Positive Outlook
- Liquidity improvements
- Cost-saving measures
- Key sales assumptions
- Current demand trends
- Optionality created in brands to adapt to changing consumer landscape
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...