Clarus Corp

Harley-Davidson reported second-quarter revenues of $1.23 billion, down 5.9% year on year but exceeding analysts' expectations by 5.4%, as the 12 consumer discretionary leisure products stocks tracked by the publisher beat consensus revenue estimates by 9.1% as a group. The motorcycle maker also beat analysts' EPS estimates, though it delivered the slowest revenue growth in the group, and its stock is down 9.9% since reporting, trading at $24.88. Among peers, Smith & Wesson posted the best quarter with revenues of $112.6 million, up 32.3% year on year and 14.1% above expectations, sending its stock up 14.6% to $14.06. Brunswick reported revenues of $1.56 billion, up 7.7% and 2.4% above estimates, but delivered the weakest guidance update among its peers, with its stock down 17.8% at $66.16. Clarus reported revenues of $56.16 million, up 1.6% and 7.9% above expectations, with its stock up 3.9% at $3.50, while Malibu Boats reported revenues of $295.5 million, up 42.7% and 12% above expectations, though its stock is down 13.1% at $23.14.

Clarus Corporation reported second quarter 2026 results with consolidated sales of $56.2 million, up 1.6% year-over-year, driven by an 8.5% increase in the Outdoor segment despite an 11.9% decline in the Adventure segment. Gross margin rose to 48.9% from 35.6%, primarily due to a $6.1 million IEEPA tariff refund, and net income was $4.7 million, or $0.12 per diluted share, compared to a net loss of $8.4 million in the prior year quarter. The company revised its full year 2026 adjusted EBITDA guidance upward to $12 million to $13 million, reflecting the tariff refund and the elimination of an estimated $2 million in legal expenses, while maintaining revenue guidance of $245 million to $255 million. Management also noted the Department of Justice closed its criminal investigation into Black Diamond and specific executives on June 4, 2026, and the company repurchased 153,331 shares for approximately $448,000, or $2.92 per share, during the quarter.