SGB Update Sportsmans
Firearm Background Checks Slide In April
The Federal Bureau of Investigation (FBI) reported that adjusted firearms background checks (excluding permit checks and rechecks) were down 4.2 percent year-over-year (Y/Y) in April.
Dick’s Sporting Goods To Open Four New Stores In May
Dick’s Sporting Goods will be open four new Dick’s Sporting Goods stores in May. The stores are in Aurora, CO (grand opening ceremonies are May 19-20), West Long Branch, NJ (May 25-27), Gurnee, IL (May 25-27), and McAllen, TX (May 25-27).
NSSF’s Board Votes To Expel Dick’s Sporting Goods
The National Shooting Sports Foundation (NSSF), the trade association for the firearms, ammunition, hunting and shooting sports industries, said the foundation’s Board of Governors unanimously voted to expel Dick’s Sporting Goods from membership for conduct detrimental to the best interests of the Foundation.
Tenkara USA Names Patrick Stratton CEO
Fly-fishing equipment company Tenkara USA has named industry veteran Patrick Stratton CEO. He will join Daniel Galhardo on the senior management team.
April Retail Jobs Up 3,700 From March
Retail industry employment increased by 3,700 jobs seasonally adjusted in April over March and 48,900 jobs unadjusted year-over-year, the National Retail Federation said Friday.
Remington Outdoor’s Plan of Reorganization Confirmed By The Court
The plan, a comprehensive balance sheet restructuring, will cancel over $775 million in debt while all trade and business claims are honored.
Winchester’s Earnings Dip On Higher Raw Material Costs
Olin Corp. said earnings at its Winchester segment fell 52 percent due to higher commodity and other material costs, a less favorable product mix, and lower selling prices.
CODI Sees Dip In Cash Flow In Q1
Compass Diversified Holdings (CODI) reported cash flow declined slightly in the first quarter as earnings growth in the company’s Advanced Circuits, Arnold Magnetics, Clean Earth, Sterno Products and Liberty Safe businesses was offset by declines at the company’s ErgoBaby, Manitoba Harvest and 5.11.
Gander Outdoors Opens Four More Locations
Gander Outdoors, formerly known as Gander Mountain, set grand opening celebrations for new stores in Bemidji, MN; Florence, AL; Kingston, NY and Sheboygan, WI.
Sierra Bullets Makes Strategic Investments In Sales And Marketing
Sierra Bullets, a brand of Clarus Corp., has hired Mayon Sargeant as vice president of sales.
Starboard Releases Presentation On Newell
Starboard Value LP, which owns approximately 3.8 percent of Newell Brands, announced that the company has released a detailed presentation outlining the opportunity to create meaningful value at Newell.
AcuSport Files For Bankruptcy, Will Be Sold
AcuSport Corp., a Bellefontaine, OH-based distributor of shooting and hunting products, today filed for Chapter 11 bankruptcy protection in the Southern District of Ohio.
Big 5’s Sales Tumble In Q1
Big 5 Sporting Goods Corp. reported first-quarter loss as gross margins eroded 200 basis points and same-store sales fell 7.5 percent. The sales decline was due to warm and dry weather conditions in the western states. The results were in line with guidance given in February.
Under Armour’s Q1 Tops Wall Street’s Targets
Under Armour Inc. reported break-even results in the first quarter, exceeding Wall Street’s expectation. Sales also came in slightly ahead of expectations. Sales in North America were flat while international growth was 27 percent. The company maintained its guidance for the year.
Vista Outdoor To Explore Divestitures On Non-Core Brands
Vista Outdoor Inc. reported that the company plans to explore the divestiture of the Sports Protection brands (e.g. Bell, Gir, and Blackburn), Jimmy Styks paddle boards, and Savage and Stevens firearms as part of a strategic business transformation plan.
