The cooler than normal weather this year has affected CamelBak’s bottom line, while military downsiding is also causing isn’t revenue to decline.
“The weather is never something I’d like to have to point to when commenting on a business performance but it’s just a reality in this case,” said Elias J. Sabo, a founding partner of Compass Group Management. “It was cold and wet in many parts of country; that was a headwind that is hard to do anything about. The company did everything it could to position it with good products in the marketplace and continued innovation.”
Compass bought CamelBak in 2011.
While CamelBak completed a large order for the U.S. Marines in the first quarter this year, historically most of its military sales are to individual soldiers through base retail operations.
CamelBak Official Website
[Via BRAIN: CamelBak revenue decline blamed on weather and military drawdown]