Sturm Ruger Seeing No Sales Spike Post-Las Vegas
Said Chris Killoy, president and CEO, on its third-quarter conference call with analysts, “Obviously a very tragic event, but certainly nothing that we’ve seen any impact on.”
Pradco Acquires War Eagle Custom Lures
Pradco Outdoor Brands, a manufacturer and marketer of fishing and hunting brands and products, has acquired War Eagle Custom Lures, formerly of Rogers, AK.
Escalade’s Q3 Revenues Improve 8 Percent
Escalade Inc. reported sales for the third quarter of 2017 were $41.9 million compared to net sales of $38.8 million for the same quarter in 2016, an increase of $3.1 million or 8 percent.
Two Under Armour Execs Leaving Company
Under Armour confirmed that Andy Donkin, its chief marketing officer, and Pamela Catlett, senior vice president and general manager of women’s and youth categories, will exit the company at the end of the month.
Garmin Q3 Boosted By Strong Outdoor Sales
Garmin’s Outdoor segment rose 31.2 percent, led by demand for its fēnix 5 watches as well as solid growth in its inReach devices and subscription services. The Fitness segment decline 11.6 percent, primarily driven by the decline of the basic activity tracker market and the timing of recent product introductions.
Big 5 Gaining Market Share Out West
Shares of Big 5 Sporting Goods jumped on Wednesday after the West Coast-based chain indicated it’s holding onto market share gained from the exit of older competitors (Sports Authority, Sports Chalet) while faring well against a newer competitor (Dick’s).
Sturm, Ruger’s Q3 Revenues Drop 35 Percent
Sturm, Ruger & Company Inc. reported earnings fell 52.8 percent in the third quarter as sales slid 35.1 percent.
Under Armour’s Shares Crash On Slashed Outlook
Shares of Under Armour fell $3.89, or 23.7 percent, to $12.52, on Tuesday after the company significantly reduced its outlook for the year due to further erosion in its U.S. business and indicated the weakness would likely continue in 2018. Sales in the second quarter also fell short of Wall Street’s targets as sales declined for the first time since the company went public in 2005.
Big 5’s Earnings Drop On Firearms And Broader Retail Weakness
Big 5 Sporting Goods reported third-quarter earnings declined 26.8 percent but arrived at the high end of guidance. The retailer continues to be impacted by reduced demand for firearms and had already warned it would face challenges cycling some of the benefit from competitor store closures that occurred last year.
Winchester’s Sale Slide
Olin Corporation reported Winchester sales for the third quarter 2017 were $183.8 million compared to $203.2 million in the third quarter 2016, a decline of 9.4 percent.
Under Armour Again Cuts Guidance On North American Weakness
Under Armour slashed its sales and profit outlook for the year due to “lower North American demand and operational challenges.” Sales in the second quarter also fell short of Wall Street’s targets.
Big Rock Sports To Open Reno Distribution Center
Big Rock Sports, LLC announced plans to open a brand-new 100,000-square-foot distribution center later this year in Reno, NV to serve their Western U.S. customers.
UPS Forecasts Another Record-Breaking Holiday Shipping Season
UPS plans to deliver more than 750 million packages globally in the 25 days between Thanksgiving and New Year’s Eve. The record-breaking seasonal global delivery volume is approximately 5 percent above last year’s holiday peak shipping season volume.
NRF: Holiday Sales To Rise 3.4 Percent
Consumers will spend an average $967.13 during the holiday season this year, according to the annual survey conducted by Prosper Insights & Analytics for the National Retail Federation. That’s up 3.4 percent from the $935.58 consumers said they would spend when surveyed at the same time last year.
Garmin Acquires Navionics
Garmin Ltd. has acquired Navionics S.p.A., a privately-held worldwide provider of electronic navigational charts and mobile applications for the marine industry.
