Good Morning!
I was on The BBQ Central Show this week talking about my time at EGGtoberfest,
pellet fueled griddles, and other topics. Greg Rempe always puts on a great show, so be sure to check that out.
Gozney released a new version of their popular Dome pizza oven this week. Called Dome S1, it's a streamlined, propane only version. It's a great entry point for those that like the Dome, but can't stomach the price.
There was surprising news from Camp Chef's parent company, Vista Outdoor. They were on track to split into two companies this month,
but took a different route and entered into a Definitive Agreement to privately sell their Sporting Products division for $1.91 billion. The effects it will have on the Outdoor Products division is it pushes back the split to next year, also they'll receive the net cash from the sale.
Vista Outdoor didn't just announce the sale either. They lowered their revenue guidance by $100 million and EBITDA margin by 4.25%-4.75% for Outdoor Products. They cited channel inventory still
being a problem, and an increased promotional environment that they expect to continue.