SGB Sportsmans

FGL Sports Q4 Boosted By Chilly Winter

FGL Sports marked a return to mid-single digit comp growth in the fourth quarter with the boost of chilly Winter. Canadian Tire Corp, its parent, also indicated it acquired Sher-Wood Athletics as part of an overall effort by the company to increase its number of owned brands and appointed TJ Flood as president, FGL Sports.

Dick’s Hikes Quarterly Dividend By 32 Percent

“The significant increase in our dividend demonstrates the strength of our balance sheet and the confidence we have in our company’s future,” said Edward W. Stack, Chairman and CEO. “We remain firmly committed to investing in the profitable growth of our business and returning capital to our shareholders.”

January Retail Sales Climb 5.4 Percent

An improving economy fueled a healthy 5.4 percent increase in retail sales year-over-year, the National Retail Federation said. Among sectors, sporting goods stores showed the only year-over-year decrease, down 5.9 percent.

Under Armour’s Share Climb On Sales Beat, Signs Of Stability

While reporting a fourth-quarter loss and a significant expansion of its restructuring program, shares of Under Armour climbed $2.49, or 17.5 percent, on Tuesday to $16.72 as sales came in above guidance with the help of momentum internationally and the overall business showed some signs of stabilizing.

Under Armour Q4 Beats Sales Targets

Under Armour Inc. said it plans to take additional restructuring charges in the range of $110 to $130 million in 2018 while announcing that its fourth-quarter sales exceeded estimates and earnings matched estimates. CEO Kevin Plank said the results “demonstrate that the tough decisions we’re making are generating the stability necessary to create a more consistent and predictable path to deliver long-term value.”

Bass Pro Announces 2018 Fitness Series Dates

Early registration is now open for the 2018 Bass Pro Shops Fitness Series, the twelfth annual lineup of races and runs celebrating health and wellness, outdoor adventures and wildlife conservation in the beauty of the Ozarks. 

Remington Outdoor Prepares To Enter Bankruptcy

Remington Outdoor Company is planning to complete a debt restructuring in bankruptcy proceedings. The plan calls provides for the reduction of approximately $700 million of Remington’s consolidated outstanding indebtedness and the contribution of $145 million of new capital into Remington’s operating subsidiaries.