Clarus (CLAR) Q4 2025 Earnings Call Transcript

Consolidated Revenue -- $65.4 million, down 8% reflecting softer North American wholesale at Outdoor, lower global D2C, and Adventure segment declines, with Peips divested. Gross Margin (Consolidated) -- 27.7%, down from 33.4% a year ago, impacted by inventory reserves ($3.4 million Adventure, $500,000 Outdoor), tariffs, and FX losses; adjusted gross margin 33.6% compared to prior year’s 38%.