SGB Update Sportsmans
American Outdoor Brands’ Profits Plunge On Weak Revenues
American Outdoor Brands, the owner of Smith & Wesson, Battenfeld Technologies and Crimson Trace, reported sales in the fourth quarter slumped 32.6 percent to $157.4 million.
Fred Meyer Will No Longer Sell Guns To Individuals Under 21
Kroger, the nation’s largest grocery chain, said it will stop selling guns and ammunition to customers who are younger than 21 years old. Kroger sells guns at 43 of its 133 Fred Meyer locations in Alaska, Idaho, Oregon and Washington.
CODI’s Q4 Earnings Climb
Compass Diversified Holdings, the owner of Crosman, 5.11, Liberty Safe and other middle-market brands, reported a sharp gain in earnings in the fourth quarter ended December 31 due to a tax benefit. Cash flow from operations improved slightly.
Walmart Raises Minimum Age For Firearm Purchases To 21
Walmart joined Dick’s Sporting Goods on Wednesday in saying it would no longer sell guns or ammunition to anyone under 21 years of age. The discount giant also said it would no longer sell items resembling assault-style rifles, including toys and air guns.
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.
