SGB Update Sportsmans
Benchmade Knives Names CEO and President
Benchmade Knives announced that its current President, Jon deAsis, has assumed the role as President & CEO effective immediately, replacing Roberta deAsis who filled the role after the sudden passing of her husband and founder, Les deAsis.
Smith Integrates Customer-Service Team
Smith Optics incorporated its Consumer & Dealer Services division within its Portland-based headquarters. Joining the product, marketing and sales departments, the customer-facing support team integrates into the hub of the Smith brand.
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.
Davidson’s Adds Regional Customer Service Manager
Davidson’s has strengthened its national customer relationship manager force with the addition of Joe Daugirda.
North Point Brands Appoints Chief Marketing Officer
North Point Brands, parent company of Cheeky Fishing and Wingo Outdoors, appointed fishing veteran Peter Vandergrift as Chief Marketing Officer for both brands.
Vista Outdoor Swings To Profit On Solid Sales Growth In Fiscal Q1
Vista Outdoor Inc. reported sales were $479 million in the fiscal first quarter ended June 28, up 4 percent compared with the prior-year quarter, and up 10 percent adjusted for divested businesses.
Canadian Tire Posts Solid Retail Sales Growth In Second Quarter
Canadian Tire Corporation, parent company of SportChek, Helly Hansen and Sports Experts, among others, posted retail sales growth of 9.3 percent (excluding Petroleum) in the second quarter ended June 27.
Camping World Triples Q2 Net Income On 9 Percent Sales Gain
Camping World Holdings, Inc. reported revenue increased 9.0 percent, or $132.4 million, to $1.61 billion for the second quarter ended June 30. Net income increased 210.2 percent to $163.2 million and net income margin was 10.2 percent for the second quarter.
Archery Trade Association Board Voted In New Executive Committee
The Archery Trade Association (ATA) Board of Directors voted a new Executive Committee into office and installed a new chair and two new vice-chairs to the Committee.
Davidson’s Taps Lester To Lead Marketing Efforts
Scott Lester has joined firearms distributor Davidson’s as the director of marketing. In his new position, Scott will lead the marketing team, which will encompass print, digital, and web design.
Boot Barn Gets E-Comm Lift in Fiscal Q1 To Partially Offset Retail Store Decline
Boot Barn Holdings, Inc. reported that net sales decreased 20.5 percent to $147.8 million in the first fiscal quarter ended June 27. Same-store sales decreased 14.9 percent, comprised of a 27.1 percent decrease in retail store same-store sales and a 51.9 percent increase in e-commerce sales.
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.
