SGB Update Outdoor

American Outdoor Brands’ Q1 Revenues Climb 52 Percent

American Outdoor Brands Inc., the outdoor gear and accessories business, recently spun off from Smith & Wesson Brands, reported sales in the first quarter ended July 31 of $50.5 million, an increase of 51.9 percent, over net sales of $33.2 million for the comparable quarter last year, driven primarily by increases in both e-commerce and traditional sales channels.

Smith & Wesson Sees Q1 Revenues More Than Double

Smith & Wesson Brands Inc. reported net sales in the first quarter ended July 31 were $278.0 million compared with $123.7 million for the first quarter last year, an increase of 124.8 percent.

Dick’s SG Announces Grand Opening Of Three Stores In September

Dick’s Sporting Goods will expand its national footprint with the opening of one Dick’s Sporting Goods store, one combination Dick’s and Golf Galaxy location and one Golf Galaxy store in September. The stores are in San Antonio, TX; Myrtle Beach, SC and Westminster, CO.

NICS Checks Climb 51 Percent In August

The FBI completed 1.68 million gun background checks on an NSSF-adjusted basis in August, a climb of 51.2 percent compared to the August 2019 NSSF-adjusted NICS figure of 1.11 million. The rate marks a slowdown versus triple-digit gains in the last two months.

Sportsman’s Warehouse’s Q2 Sales Catapult 79 Percent

Sportsman’s Warehouse Holdings Inc. reported earnings grew five-fold in the second quarter. Sales surged 79 percent primarily due to a surge in demand across all major categories, led by hunting and shooting.

OIA Partners With People For Bikes On Climate Action

Outdoor Industry Association (OIA) and PeopleForBikes (PFB) have announced a partnership through which PFB members — bicycle manufacturers and retailers — will be able to join the OIA Climate Action Corps, a collaborative model for alignment, action and accountability to achieve industry-wide greenhouse gas (GHG) emission reductions in accordance with Intergovernmental Panel on Climate Change (IPCC) guidelines.

L.L. Bean Seeing Outdoor Boost Amid Pandemic

L.L. Bean CEO Stephen Smith told CNBC’s “Squawk on the Street” that sales of bikes, kayaks and canoes have been robust in the spring and summer as outdoor activities have increased in appeal in the stay-at-home economy.

Navico Announces Sales Leadership Appointments

Navico, the parent company to the Lowrance, Simrad Yachting, B&G and C-MAP brands, announced the appointment of Sean Hatherley to senior vice president of sales, Americas, and Les Ares as Director of Boat Builder and OEM Business.

Hipcamp Merges With Youcamp

Hipcamp, the resource for outdoor stays, announced it is joining forces with Youcamp, the Australian-based land-sharing community, under one domain.