SGB Sportsmans

Vista Outdoor Cuts Guidance Amid Continued Headwinds

February 7, 2019 SGB Executive

Shares of Vista Outdoor fell $1.58, or 15 percent, to $8.99 on Thursday after the company earlier in the day cut guidance on its third-quarter report of a 20 percent revenue decrease and a $514.6 million loss on a goodwill write-down. The company reported sales of $468 million, shy of Wall Street’s consensus target of $505 million.

Firearms Background Checks Turn Positive In January

February 7, 2019 SGB Update

FBI background checks, as adjusted by the NSSF, improved 3.4 percent in January to 988,160 from 955,466 in January 2018. The gain marked the first year-over-year improvement since March 2018.

Vista Outdoor Reduces Sales Guidance After Quarterly Miss

February 7, 2019 SGB Update

Vista Outdoor lowered its revenue guidance for its fiscal year ended March 31 after reporting sales dropped 20 percent in the third quarter. The company posted a loss of $514.6 million, or $8.94 a share, on a massive goodwill write-down but said earnings before charges exceeded Wall Street’s consensus estimates.

January M&A Roundup: Media Companies Make News As Landscape Shifts

February 6, 2019 SGB Executive

Consumer and trade publications are accustomed to reporting news, but in January companies in the active lifestyle and action sports media made news through a host of acquisitions that could drastically affect industry coverage moving forward.

Winchester’s Profits Dragged Down By Lower Sales

February 6, 2019 SGB Executive

Winchester’s profits sunk in the fourth quarter and year due to lower revenues and rising commodity and other material costs.

Inov-8 Returns As Official Footwear Brand Of OCR World Championships

February 6, 2019 SGB Update

Inov-8 for the second straight year will be the official footwear brand for the he Obstacle Course Racing World Championships in the U.K.

Johnson Outdoors’ Shares Rebound Day After Q1 Miss

February 5, 2019 SGB Executive

Shares of Johnson Outdoors climbed $1.75, or 3 percent, to $61.02 at market close Tuesday despite its previous day report of a first-quarter earnings and revenue miss. The company’s shares had slid after Monday it reported revenue dropped 10.4 percent to $104.4 million in the first quarter ended December 28, missing analysts’ estimates by $12.4 million. EPS of 35 cents missed expectations by 4 cents.

Academy Sports Appoints Steven Lawrence As EVP And Chief Merchandising Officer

February 5, 2019 SGB Update

Academy Sports + Outdoors announced that Steven P. Lawrence has been appointed executive vice president and chief merchandising officer, effective February 11. He was most recently CEO of Francesca’s and has also been chief merchandising officer at Stage Stores.

Mossy Oak Names J Scott Judy ProStaffer Of The Year

February 5, 2019 SGB Update

Mossy Oak announced that J Scott Judy is their 2018 ProStaffer of the Year. Mossy Oak’s winner is chosen from nearly 1,000 ProStaff members.

Former Cabela’s Employees Launch Highby Outdoors

February 5, 2019 SGB Update

A number of former Cabela’s employees, led by Matt Highby, have officially launched Highby Outdoors, an e-commerce site focusing on outdoor gear.

Winchester’s Revenues Drop 12 Percent In Q4

February 4, 2019 SGB Update

Olin Corp. reported Winchester’s sales for the fourth quarter 2018 were $145.5 million compared to $165.4 million in the fourth quarter 2017.

Aisle Talk Week Of January 28

February 1, 2019 SGB Executive

Top headlines from the active lifestyle industry you may have missed this week, including Moody’e lowering its debt ratings on Academy Sports.

Moody’s Lowers Academy’s Debt Ratings Again

January 31, 2019 SGB Update

Moody’s Investors Service downgraded Academy’s debt for the second time since September 2018. The downgrades reflect Moody’s expectations for continued weak earnings and credit metrics in the near term, driven by a challenging operating environment, the transition of the company’s merchandising assortment, margin pressure from the mix shift to e-commerce and investments needed to improve the store and digital experience.

SHOT Show Review: Political Headwinds Cloud Future For Firearms Industry

January 30, 2019 SGB Executive

The 41st SHOT Show saw a record number of exhibitors amid signs in recent quarters that the firearms industry may finally be stabilizing. But the industry remains only cautiously optimistic that growth can resume in 2019 with political battles likely to intensify heading into the 2020 presidential election.