CODI Cash Flow Expands In Q2
Strong EBITDA growth came from its Advanced Circuits, Ergobaby, Manitoba Harvest and 5.11 subsidiaries.
Newell Brands’ Play Segment Sees Modest Q2 Decline
Pro forma core sales declined 1.2 percent as solid growth on Beverages, Coolers and Team Sports was more than offset by a decline on Fishing related to broad retail inventory destocking across specialty and mass retailers and the negative impact of a key retail customer bankruptcy.
Sturm Ruger Sees Q2 Revenues Slide 21.4 Percent
The 53 percent decrease in earnings is attributable to the sales decline, the unfavorable de-leveraging of fixed manufacturing costs due to the decline in production volumes, and the $2.5 million expense related to the recall of Mark IV pistols.
Cabela’s Struggles Continue In Q2
In likely its last earnings report as a publicly traded company, Cabela’s blamed its poor performance on the slowdown in firearms sales since the presidential election, the Gander Mountain bankruptcy, and tough comparisons due to a number of shooting tragedies in the first half of 2016.
Cabela’s Profits Slide On Steep Revenue Drop
Cabela’s reported net earnings slid 24.9 percent after charges in the second quarter as same-store sales declined 9.3 percent.
Big 5 Q2 Dragged Down By Weakness In Firearms, Camping And Water Sports
Shares of Big 5 Sporting Goods were down 85 cents, or 7.8 percent, to $10.10 on Wednesday after the sporting goods retailer posted second-quarter revenues that fell short of expectations due to weakness in firearms, camping and water sports. Third-quarter earnings are also expected to decline with comps off in the low single digits.
Winchester’s Sales Slide
Olin Corporation reported Winchester’s sales for the second quarter 2017 were $169.4 million compared to $181.0 million in the second quarter 2016.
Boot Barn’s Q1 Beats Expectations
Sales grew 4.5 percent due to the opening of 11 new stores over the past twelve months, a 1.3 percent increase in same store sales, and sales from the recently acquired Country Outfitter site.
Big 5’s Q2 Sales Miss Targets
Big 5 Sporting Goods reported earnings in its second quarter rose 33.3 percent on improving gross margins and a 0.8 percent gain in same-store sales. But sales were lower than expected due to weakness in certain outdoor product categories related to firearms, camping and water sports.
Under Armour Axes 277 Jobs Amid Restructuring
Shares of Under Armour fell $1.88, or 10.4 percent, to $16.23 Tuesday after the company reduced its annual sales and earnings forecast while announcing a restructuring plan that includes the layoff of 277 employees.
Under Armour Reduces Outlook, Launches Restructuring
Under Armour Inc. reported second-quarter results that came in better than Wall Street’s targets but it lowered its outlook for the year while unveiling a restructuring plan that will result in job cuts.
Escalade’s Q2 Boosted By Fitness And Basketball Momentum
Boosted by strength in its fitness and basketball product categories that offset margin pressures in archery, Escalade Inc. reported operating earnings in the second quarter rose 11 percent on an 8.1 percent revenue gain.
Item Of The Day: SOG Baton Q4 Multitool
The Baton offers a unique design that folds into the shape of a common ink marker.
Escalade’s Q2 Revenues Climb 8 Percent
Escalade Inc. reported sales grew 8 percent in the second quarter while operating earnings expanded 11 percent.
Columbia Sportswear’s SVP Of Global Sourcing And Manufacturing Resigns
Columbia Sportswear Company announced the resignation of senior vice president of global sourcing and manufacturing, Steve Woodside, effective immediately.
