SGB Update Sportsmans
Dick’s Sporting Goods Ends Sale Of Assault-Style Rifles
Dick’s Sporting Goods said it will stop selling assault-style weapons like the one used in the Parkland, FL high school shooting. The retailer will also no longer sell high-capacity magazines or guns to anyone younger than 21.
Big 5’s Q4 Comps Drop 9.4 Percent
Big 5 Sporting Goods, in line with guidance reported in early January, reported a loss of 10 cents per share in the fourth quarter ended December 31 as comps dropped 9.4 percent. Same store sales in January slumped in the high-teens in January and Big 5 predicted a loss for the first quarter.
Escalade Delivers Robust Q4 Results
Escalade Inc. reported operating earnings rose 36.4 percent on improved margins and a 4.3 percent revenue gain.
Camping World’s Q4 Revenues Climb 33 Percent
Camping World Holdings Inc., the parent of Gander Outdoors, reported earnings excluding special items more than doubled in the fourth quarter as sales grew 37.9 percent.
Gander Outdoors Sets Openings For North Carolina, Pennsylvania And Florida
Gander Outdoors, which is part of Camping World, announced plans to open locations in Winston-Salem, NC; Dickson City, PA; and Ocala, FL.
L.L.Bean President, CEO to Deliver Dickinson College Commencement Address
Stephen M. Smith, president and CEO of L.L.Bean and Dickinson alumnus, class of 1992, will deliver the college’s Commencement address on Sunday, May 20.
Quinnipiac Poll Finds Strong Support For Gun Control
According to the poll from Quinnipiac University conducted from February 16 to February 19, 66 percent of American voters support stricter gun laws, the highest level of support ever measured by Quinnipiac.
Sturm Ruger’s Q4 Profits Drop 46.4 Percent
Sturm, Ruger & Company Inc. reported earnings per share in the fourth quarter fell 46.4 percent as sales fell 26.9 percent.
Celerant Technology Partners With Zanders Sporting Goods
This integration allows FFL dealers to gain direct access to Zander’s retail products and distribution services to streamline their inventory supply chain, for both in-store and online sales.
Wolverine Worldwide Q4 Growth Driven By Merrell
Wolverine World Wide reported underlying revenue in the fourth quarter increased 1.7 percent, including nearly 18 percent underlying growth for Merrell.
Gander Outdoors To Open Locations In Onalaska, WI And Portage, MI
The Onalaska store is one of eleven Gander Outdoors locations planned in the state of Wisconsin while the Portage store is one of eight planned in the state of Michigan.
Foot Locker Announces 2018 Capital Allocation Plans
Foot Locker Inc. raised its quarterly dividend for the eighth consecutive year and set a $230 million capital expenditures program for 2018, compared to the approximately $270 million spent in 2017.
Rocky Brands Sees Profit Bounceback In Q4
Rocky Brands Inc. reporting earnings of $4.4 million, or 59 cents per share, in the fourth quarter, rebounding from a loss of $0.6 million, or 9 cents, a year ago. Sales were flat as declines in military sales offset gains in wholesale and retail sales. A focus on full-price selling for its branded work, western and outdoor footwear businesses contributed to better top and bottom line results.
New Poll: More Americans Blame Mass Shootings On Mental Health Than On Gun Laws
According to a new poll conducted from Washington Post-ABC News, 57 percent of Americans feel the mass shootings in the country are more a reflection of problems identifying and treating people with mental health problems versus 28 percent pointing to inadequate gun control laws.
Garmin Acquires Trigentic
Garmin Ltd. announced that it has acquired Trigentic AB, a privately-held provider of intelligent products, solutions and services in the areas of embedded systems, power supply and power distribution for the marine and recreational vehicle (RV) market. The Trigentic components are marketed and sold under the EmpirBus brand.
