SGB Sportsmans

Bass Pro Reduces Pay For Executives And Store Managers

Bass Pro’s senior leadership is taking a 20 percent cut in pay as part of a move to absorb the coronavirus fallout, according to a company memo attained by Forbes. Pay for store managers, distribution center managers and other salaried employees will be reduced by 7 to 15 percent.

Bass Pro’s Debt Ratings Outlook Lowered To Negative

Moody’s changed its debt rating of Bass Pro Group, L.L.C. to negative from stable. The change in outlook to negative from stable reflects the risk that Bass Pro’s credit metrics may weaken on a sustained basis as a result of recessionary conditions and declines in discretionary consumer spending.

Acquisitions, Firearms, E-Commerce Fuel Sportsman’s Warehouse In Q4

Sportsman’s Warehouse Holdings Inc. reported net sales for the fiscal fourth quarter of $258.2 million, up 6.4 percent from $242.7 million in the prior-year quarter. The net sales increase was primarily due to a strong performance from eight acquired stores, momentum in the firearm and ammunition categories in January and growth in its e-commerce business.

Sturm, Ruger’s Q4 Revenues Slide 13 Percent

Sturm, Ruger & Company reported revenues declined 13.2 percent in the fourth quarter to close off 17.2 percent in the year. CEO Chris Killoy said, “Manufacturing overcapacity, excess inventories at all levels of the channel, and a continued softness of demand led to a marketplace saddled with undisciplined discounting, reckless extension of payment terms, and excessive promotions.”