SGB Update Sportsmans
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.
Gander Outdoors Prepares For Grand Opening In Greensboro, NC
The store will be be one of five Gander Outdoors retail locations in North Carolina.
Tactical Solutions Names Bill Hicks And Co. As Newest Distributor
Tactical Solutions, the rimfire firearm, rimfire conversion, and rimfire accessory specialist, has named Bill Hicks and Co. as an official distributor.
Academy Sports Opens Store In Rolla, MO
Academy Sports + Outdoors opened the company’s first store in Rolla, MO.
Gander Outdoors To Open In Greensburg And Saginaw
Gander Outdoors, formerly known as Gander Mountain, set grand opening events for new stores in Greensburg, PA and Saginaw, MI.
Boot Barn Acquires Three-Store Boot Chain In Texas
Boot Barn Holdings Inc. acquired certain assets of Lone Star Western & Casual LLC, an individually-owned retail company with three stores in Waxahachie, Corsicana and Athens in Texas.
New Sales Chief For Primos, Gold Tip And Bee Stinger
Hunting and archery brands Primos Hunting, Gold Tip and Bee Stinger have named industry veteran Jason Harris vice president of sales and entered into a strategic partnership with sales representation firm Ken Jefferies and Associates.
Rocky Brands Net Income Climbs On Wholesale & Retail Strength
Rocky Brands Inc. reported first quarter net income of $3.3 million, or 44 cents per diluted share, up more than double from the company’s net income of $1.5 million, or 20 cents per diluted share, in the first quarter of 2017.
Yeti Coolers Ends Relationship With The NRA
Yeti Coolers has cut ties with the NRA Foundation, the NRA announced. Yeti called it an “outdated” discount program and asserted the NRA-ILA’s statement criticizing the company is incorrect.
Leading Bump Stock Maker Shutting Down Production
Slide Fire Solutions, the inventor and a leading manufacturer of the bump stocks, announced it will stop taking orders for its line of bump stock products on May 20.
CODI $1.1 Billion in New Debt Financing
Compass Diversified Holdings (CODI) announced that the company has signed a credit agreement for a revolving credit facility totaling $600 million and a term loan facility in the amount of $500 million. CODI also announced that the company has closed the previously announced private offering of $400 million in notes.
Parkland Survivor Calls For Boycott Of Gunmaker Investors BlackRock, Vanguard Group
David Hogg, Parkland student and gun legislation campaigner, took to Twitter on Tuesday to encourage a boycott of BlackRock (BLK) and The Vanguard Group.
Gander Outdoors Sets Grand Openings For Monroe And Warren
Gander Outdoors, formerly known as Gander Mountain, set grand opening festivities for stores in Monroe, NC; and Warren, OH.
