Moody’s Downgrades Vista Outdoor’s Debt Ratings
The downgrade reflects Vista’s weak operating performance and deteriorating credit metrics and Moody’s view that they will remain weak for an extended period.
Johnson Outdoors Delivers Record Results In 2017
Johnson Outdoors Inc. announced all-time high revenue and earnings for fiscal 2017. Strong on-going marketplace momentum of new products in the company’s core fishing, diving and camp cook brands drove a 13 percent increase in sales as operating profit grew 99 percent and net income rose 160 percent year-over-year.
American Outdoor Brands Again Cuts Outlook
American Outdoor Brands Corporation, the parent of Smith & Wesson, M&P and Thompson/Center Arms, again reduced its guidance for the year due to ongoing challenges in firearms while reporting sluggish second-quarter results that generally came in line with guidance.
FBI Firearms Checks Sink In November
The National Shooting Sports Foundation (NSSF) reported adjusted NICS (National Instant Criminal Background Check System) checks for November were down 12.3 percent.
Columbia Sportswear Announces New Management Appointments
Columbia Sportswear announced new management appointments within its finance, legal and manufacturing areas.
Zanders Sporting Goods Announces New Sales Manager
Zanders Sporting Goods, a national distributor located in Sparta, IL, has hired Lucas Poston as their new sales manager while promoting Danny Siegler to marketing director.
Aisle Talk, Week Of November 27
Top headlines from the active lifestyle industry you may have missed this week.
Camping World Declares Regular, One-time And Special Dividend
Camping World Holdings, the parent of Gander Mountain, announced that its Board of Directors declared a cash dividend of $0.2832 per share on the company’s Class A common stock.
Delta Apparel Sees Further Stabilization In Q4
Delta Apparel reported earnings in its fiscal fourth quarter declined slightly due to the sale of its Junkfood business, but continued to see underlying improvement in most of its core businesses.
Smith & Wesson Promotes Sue Cupero To Senior Director Of Sales
Smith & Wesson Corp. stated that Sue Cupero has been promoted to the newly created position of senior director of sales for Smith & Wesson.
Holiday Selling Starts Off With A Bang
According to reports from the National Retail Federation (NRF), Adobe and ComScore, sales surged ahead from Thanksgiving through Cyber Monday, providing a heap of optimism for the rest of the holiday selling season. Not surprisingly, online purchases again strongly led the gains and smartphones expanded as a key driver of transactions.
NRF Finds Robust Holiday Start
From Thanksgiving Day through Cyber Monday, more than 174 million Americans shopped in stores and online during the just-concluded holiday weekend, beating the 164 million estimated shoppers from an earlier survey by the National Retail Federation and Prosper Insights & Analytics.
Maurice Sporting Goods Fetches $39 Million Stalking Horse Bid In Bankruptcy Proceedings
Middleton Partners has agreed to pay $39 million to acquire Maurice Sporting Goods in bankruptcy proceedings. Middleton Partners will service as a stalking horse bidder to support an auction in bankruptcy court in Wilmington, DE.
Lauren Hobart Makes Appearance In Dick’s Holiday Campaign
Lauren Hobart, who was promoted to president of Dick’s Sporting Goods in May, makes an appearance in several executions of Dick’s Sporting Goods’ holiday television commercials.
Moody’s Reduces Remington Outdoor’s Debt Grade
Moody’s Investors Service downgraded Remington Outdoor Company, Inc.’s Corporate Family Rating to Caa1 from B2 due to its weak operating performance and credit metrics, including high leverage. The downgrade also reflects Moody’s expectation that Remington’s operating performance will not meaningfully improve in the next year or two.
