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Jun 30, 2023
Clarus Q2 2023 Earnings Report
Clarus's second quarter results were impacted by macroeconomic headwinds, promotional retail environment, and inventory de-stocking.
Key Takeaways
Clarus Corporation reported sales of $83.7 million for the second quarter, a decrease compared to the same period last year. The decline was attributed to challenging macroeconomic conditions, promotional retail environment, and inventory de-stocking. Each segment generated positive free cash flow. The company is focusing on stabilizing revenue, gross margin, and EBITDA, while implementing cost-out strategies.
Second quarter results were impacted by macroeconomic environment and related headwinds.
A more promotional retail environment and inventory de-stocking impacted sales velocity and margins.
Each segment generated positive free cash flow during the second quarter.
Company will focus on stabilizing revenue, gross margin and EBITDA, while implementing cost-out strategies.
Revenue by Segment
Forward Guidance
The Company now expects fiscal year 2023 sales of $385 million to $400 million and adjusted EBITDA of $42 million to $50 million. In addition, capital expenditures are now expected to range between $6.5 - $7.5 million and free cash flow is now expected to range between $30 - $35 million for the full year 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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