Product groups reorganized into drinkware, gear/equipment, and soft coolers/bags to drive focus and speed to value.
Each product group led by experienced executives with backgrounds in relevant industries.
Regional structure established with leaders for Americas, EMEIA, and APAC, tailored to each market's growth stage.
Recent CFO hire brings operational and financial expertise, emphasizing actionable growth opportunities.
Supply chain transformation over the past three years is largely complete, increasing diversification and optionality.
Enhanced supply chain enables faster innovation and product availability.
Innovation pipeline was disrupted during COVID but has since accelerated, especially in drinkware and bags.
Recent product launches include stackable drinkware, premium cookware, and hiking backpacks.
Q1 sales grew 8% year-over-year, with wholesale up nearly 20%, coolers/equipment up 11%, and drinkware up 5%.
Profits exceeded expectations by over 40%, driven by strong consumer demand and improved sell-through.
Guidance for the year was reaffirmed and slightly increased.
Growth pillars include innovation, distribution expansion, and international markets.
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