Clarus Corporation Earnings Recaps
Q2 2026
Aug 8, 2026
Shares jumped 10.4% as Clarus beat expectations driven by strong revenue growth and margin expansion in its Outdoor segment, supported by a sizable tariff refund and successful inventory management.
Key takeaways
- Outdoor segment revenue grew 9.1% year-over-year, led by 7.4% growth in Mountain, 13.5% in Climb, and 7.4% in Apparel, with full-price Apparel sales up 22.9% and clearance down 61%.
- Gross margin surged to 52.0% from 34.9% last year, boosted by a $6.1 million tariff refund; excluding the refund, margin still improved 160 basis points to 36.5%.
- Adjusted EBITDA reached $9.0 million, though stripping out tariff and legal benefits, underlying EBITDA was $1.5 million, up from $0.3 million last year.
- Adventure segment sales missed expectations despite a 420 basis point gross margin improvement, reflecting effective cost controls amid rescaling efforts.
- Share repurchases continued under the $50 million program, with $0.4 million spent to buy back 153,331 shares, maintaining $42.4 million capacity.
Q3 2025
Nov 7, 2025
Clarus Corporation reported a modest 3% increase in net sales to $69.3 million for Q3 2025, bolstered by strong demand in the Outdoor segment and improvements in operational efficiency, despite ongoing macroeconomic challenges.
Key takeaways
- Adjusted EBITDA grew by 15% year-over-year, reflecting improvements in organizational structure and product focus.
- The revamped Black Diamond apparel line achieved a remarkable 29% sales growth, indicating positive market reception.
- Operating expenses (SG&A) decreased by $600,000 compared to the previous year, contributing to enhanced profitability.
- Despite tariff pressures and FX losses impacting margins, strategic pricing adjustments are planned to restore profitability alongside inventory rationalization.