Jarden Corporation is predicting a sales increase of more than 3 percent for its Outdoor Solutions segment for this year. At $707.3 million, the segment's sales were up by 17.0 percent in the third quarter from the corresponding level a year ago, and they generated a 24.7 percent higher profit of $83.9 million. Operating margins rose by 0.9 percentage points to 14.8 percent.
All the brands in the division achieved noteworthy performances in many different retail channels, including Exofficio, Marmot and Zoot for outdoor clothing; Aero, Campingaz and Coleman for camping gear; Abu Garcia, Berkley and Shakespear for fishing tackle; K2, Marker and Völkl for winter sports; and Penn and Rawlings for ball sports.
In particular, K2 and Marker Völkl benefited from strong early orders to start the winter season, especially in Europe, thanks to the introduction of new products such as Völkl's RTM line of all-mountain alpine skis and its Code and Race lines. Contrary to what a report in our previous issue suggested, Marker Vökl and K2 are two independent entities.
Coleman benefited from the impact of hurricanes and earthquakes. The opening of a flagship store for Marmot in San Francisco contributed to double-digit growth for this brand, whose sales are expected to double over the next few years.