Johnson Outdoors Q1 Shows Healthy Preseason Orders
Said Helen Johnson-Leipold, chairman and CEO, Johnson Outdoors, on a conference call, “Our core brands across fishing, diving and watercraft recreation brands are heading into the season with strong momentum.”
Sportsman’s Guide Launches Firearms Compliance Solution
Sportsman’s Guide has introduced a cloud-based firearms compliance solution to streamline the firearms compliance process in its retail outlet store.
L.L.Bean Responds To Trump’s Travel Ban
Wrote L.L.Bean CEO Stephen Smith in an internal e-mail, “Recent national policy changes, while dominating the headlines and sparking a wide-range of opinion, are also creating confusion and concern within our family of great employees.”
United Sporting Companies Promotes Grace Brickle, Rob George
The nationwide distributor of hunting, outdoor and marine products, promoted Grace Brickle to director of human resources and Rob George to senior vice president of sales and marketing.
Firearms Background Checks Drop In January
The January decline comes after 19 straight months of record year-over-year increases under the Obama administration.
Gore Fabrics Division Establishes Ambitious Environmental Goals For 2020
Included in these goals is Gore Fabrics’ intent to eliminate PFCs of Environmental Concern from its consumer fabrics products as an important milestone in its long-term journey towards continuously reducing the environmental footprint of its products throughout their full life cycle.
Johnson Outdoors Sees 10 Percent Q1 Gain
Gains in fishing and diving in the seasonally slow first fiscal quarter ended December 30 offset declines in the camping and watercraft recreation segments.
Under Armour’s Debt Ratings Cut To Junk Status
Said S&P analyst Mariola Borysiak, “We now believe the company will generate about 10 percent sales growth annually and margins will be in the 12 percent range, which results in leverage slightly below 3x.”
Winchester Sees Q4 Sales Expand 3 Percent
Olin Corporation reported Winchester sales for the fourth quarter 2016 were $161.4 million, up from $156.7 million in the same quarter a year ago.
S&P Strips Under Armour Of Investment-Grade Rating
S&P wrote, “We now believe the company will generate about 10 percent sales growth annually and margins will be in the 12% range, which results in leverage slightly below 3.0x.”
Dick’s To Open Second New York City Store
Dick’s Sporting Goods is planning to open a new location in Forest Hills in March.
Buck Knives Appoints CFO And COO
Buck Knives announced that Trent Malone has joined the company as chief financial officer and Joe Piedmont has been promoted to chief operations officer.
Vista Outdoor Controller And Treasurer To Retire
Thomas G. Sexton has worked for Vista Outdoor and its predecessor companies since 1986.
Under Armour’s Growth Stalls
Hurt by heightened price competition on its basic technical apparel as well as admitted shortcomings in its more fashion-oriented offerings, Under Armour reported fourth-quarter results that came in short of Wall Street targets and provided a bleak outlook for 2017.
