SGB Update Sportsmans
Trump Signs Great American Outdoors Act Into Law
The Outdoor Industry Association and NSSF are both celebrating after President Trump signed the ‘Great American Outdoors Act’ into law.
Deckers Brands Posts Solid Quarter On Strong DTC, Hoka and Domestic Gains
Deckers Brands reported that net sales for the first fiscal quarter ended June 30 increased 2.3 percent to $283.2 million compared to $276.8 million for the comparable period last year. The basic loss per share was 28 cents a share compared to a basic loss per share of 67 cents in the comp period last year.
Delta Apparel Fiscal Q3 Results Improved As Period Progressed
Delta Apparel, Inc. reported net sales for the fiscal third quarter ended June 27 were $71.8 million, or approximately 60 percent of prior-year quarter net sales of $119.3 million. DLA said monthly sales performance sequentially accelerated throughout the third quarter from April sales at 33 percent of prior-year levels to June sales at nearly 90 percent of prior-year levels. Net sales in the Delta Group segment and Salt Life Group segment decreased 39.0 percent and 47.2 percent, respectively, from the prior-year period.
Compass Diversified Posts Q2 Loss on Flattish Sales Decline
Compass Diversified Holdings, the parent company of 5.11 Tactical, Liberty Safe, Velocity Sports and Marucci Sports, reported that net sales for the second quarter ended June 30 were $333.6 million, essentially flat to the $336.1 million reported for the quarter ended June 30, 2019. The net loss for the quarter was $7.4 million, compared to net income of $218.2 million in the year-ago quarter, which included a $206.5 million gain on the sale of its Clean Earth subsidiary. Adjusted EBITDA for the second quarter was $49.5 million versus $52.1 million for the quarter ended June 30, 2019.
Sturm, Ruger Rolls Out Special Dividend After Strong Q2 Results
Sturm, Ruger & Company, Inc. reported net sales surged 35.3 percent to $130.3 million in the second quarter ended June 27, compared with net sales of $96.3 million in the prior-year quarter. The company posted diluted earnings per share of $1.05 in Q2, triple the diluted EPS of 35 cents per share in the second quarter of 2019.
Remington Arms Files Again For Bankruptcy Protection
Remington Arms Co., as expected, filed for bankruptcy protection for the second time since 2018 as it seeks to restructure its heavy debt load. The company will again try to find a buyer for the business.
Everest.com Launches Celebrity Storefronts
Everest.com, the online marketplace for the shooting sports industry, announced today the launch of Celebrity Storefronts, a new component to the Everest marketplace featuring a dozen celebrity storefronts designed and published by outdoor influencers and celebrities.
ATTA Sees Losses Compounding But Optimism Returning in Sentiment Report
The Adventure Travel Trade Association has released findings from its Second Adventure Business Impact Monitor Survey: COVID-19.
GSM Outdoors Acquires Skull Hooker
GSM Outdoors has acquired the mounting system brand Skull Hooker.
American Baitworks Taps Industry Vet For President
The company has hired industry veteran Doug Minor as president effective July 7. Minor comes to the brand after 37 years with the Strike King Lure brand.
CODI Declares Second Quarter 2020 Distributions
Compass Diversified Holdings (CODI), the parent of 5.11, Liberty Safe, Marucci Sports and Velocity Outdoor, has declared a quarterly cash distribution of 36 cents per share on the company’s common shares.
Apollo Creative Acquires Inside Archery, Bowhunt America
Zebra Publishing Inc. announced that Apollo Creative Inc. of Georgia has acquired the assets of Inside Archery and Bowhunt America.
Firearms Background Checks Surge 136 Percent In June
The FBI completed 2.18 million gun background checks on an NSSF-adjusted basis in June, a hike of 135.7 percent compared to the June 2019 NSSF-adjusted NICS figure of 924,054. The rate builds on gains of 75.2 percent in May, 69.1 percent in April and 41 percent in March.
Remington Prepares For Another Bankruptcy, Sale To Navajo Nation
Remington Outdoor Company, the firearms maker, is preparing to file for bankruptcy and is in advanced talks on a sale to Navajo Nation, sources told the Wall Street Journal.
Shoe Carnival Sees Strong Q2 Trend As Stores Re-Open And Online Surges
Shoe Carnival, Inc. has re-opened all but one of its 390 stores across the U.S. and Puerto Rico following closures prompted by the COVID-19 pandemic.
