Clarus Misses On Income As Sierra Acquisition Boosts Q1 Revenue
Clarus Corp., parent company of Black Diamond, Sierra Bullets and Pieps, reported net income for the first quarter ended March 31 improved to $0.4 million, or 1 cent per share, compared to a net loss of $1.5 million, or a loss of 5 cents per share, the same quarter a year ago.
Firearm Background Checks Slide In April
The Federal Bureau of Investigation (FBI) reported that adjusted firearms background checks (excluding permit checks and rechecks) were down 4.2 percent year-over-year (Y/Y) in April.
Dick’s Sporting Goods To Open Four New Stores In May
Dick’s Sporting Goods will be open four new Dick’s Sporting Goods stores in May. The stores are in Aurora, CO (grand opening ceremonies are May 19-20), West Long Branch, NJ (May 25-27), Gurnee, IL (May 25-27), and McAllen, TX (May 25-27).
NSSF’s Board Votes To Expel Dick’s Sporting Goods
The National Shooting Sports Foundation (NSSF), the trade association for the firearms, ammunition, hunting and shooting sports industries, said the foundation’s Board of Governors unanimously voted to expel Dick’s Sporting Goods from membership for conduct detrimental to the best interests of the Foundation.
Pure Fishing Hits The Selling Bock
Pure Fishing, the parent company of well-known fishing brands Berkley, Abu Garcia, Penn, Fenwick, Sterns, Mitchell, Pflueger, Shakespeare, Ugly Stik Spiderwire, among others, has joined Rawlings on the list of businesses Newell Brands is looking to divest.
Aisle Talk Week of April 30
Top headlines from the active lifestyle industry you may have missed this week, including Nike Inc. CEO Mark Parker (pictured) holding a rare company-wide staff meeting at Nike headquarters to apologize for recent incidents at the company.
Tenkara USA Names Patrick Stratton CEO
Fly-fishing equipment company Tenkara USA has named industry veteran Patrick Stratton CEO. He will join Daniel Galhardo on the senior management team.
April Retail Jobs Up 3,700 From March
Retail industry employment increased by 3,700 jobs seasonally adjusted in April over March and 48,900 jobs unadjusted year-over-year, the National Retail Federation said Friday.
Olin Corp Sees Winchester’s Earnings Declining In 2018
Olin Corp reported a sharp decline in earnings at the company’s Winchester segment due to reduced commercial demand and higher-commodity material costs. Olin officials no longer see Winchester’s results improving in 2018, but also assured analysts it has no plans to sell the business.
Crosman And 5.11 Up, Liberty Safe Down For CODI
Compass Diversified Holdings (CODI) reported healthy growth for Crosman and 5.11 in the first quarter but Liberty Safe saw a steep decline.
Remington Outdoor’s Plan of Reorganization Confirmed By The Court
The plan, a comprehensive balance sheet restructuring, will cancel over $775 million in debt while all trade and business claims are honored.
Winchester’s Earnings Dip On Higher Raw Material Costs
Olin Corp. said earnings at its Winchester segment fell 52 percent due to higher commodity and other material costs, a less favorable product mix, and lower selling prices.
CODI Sees Dip In Cash Flow In Q1
Compass Diversified Holdings (CODI) reported cash flow declined slightly in the first quarter as earnings growth in the company’s Advanced Circuits, Arnold Magnetics, Clean Earth, Sterno Products and Liberty Safe businesses was offset by declines at the company’s ErgoBaby, Manitoba Harvest and 5.11.
Ellett Brothers To Buy AcuSport In Asset Sale
The assets of AcuSport, a Bellefontaine, OH-based distributor of shooting and hunting products that filed Tuesday for Chapter 11 bankruptcy protection, will be acquired by Ellett Brothers LLC, a wholly owned subsidiary of United Sporting Cos., the parties have announced.
Gander Outdoors Opens Four More Locations
Gander Outdoors, formerly known as Gander Mountain, set grand opening celebrations for new stores in Bemidji, MN; Florence, AL; Kingston, NY and Sheboygan, WI.
