SGB Update Sportsmans
FGL Sports’ Q2 Comps Rise
Canadian Tire reported same-store sales at FGL Sports, which includes Sport Chek, rose 2.6 percent in the second quarter.
Vista Outdoor Q1 Exceeds Wall Street’s Targets
Vista Outdoor Inc.’s earnings and sales dropped in its fiscal first quarter, but results exceeded Wall Street’s expectations and the company reaffirmed its guidance for the year.
Canada Goose’s Revenues Vault In Q1
Canada Goose Holdings Inc. reported sales jumped 79.6 percent in its fiscal first quarter, boosted by its direct-to-consumer segment and earlier-than-expected wholesale shipments.
Wolverine Worldwide Lifts Guidance On Above-Plan Q2
Wolverine Worldwide raised its guidance for the year after reporting second-quarter results that topped Wall Street’s targets. Benefiting from its transformation initiatives, most brands exceeded revenue expectations for the quarter while also over-delivering on operating profit goals.
American Outdoor Brands Closes Acquisition Of Gemini Technologies
American Outdoor Brands Corp. announced that its firearms business, Smith & Wesson Corp., has completed the purchase of substantially all of the assets of Gemini Technologies, Inc., known as Gemtech, for $10.0 million.
Fishing Participation Expands
With 1.5 million more participants than the previous year, fishing now has more than 47 million Americans hooked. That’s the key finding of the 2017 Special Report on Fishing, now available from the Recreational Boating & Fishing Foundation (RBFF).
West Marine Sees Fatter Margins Offset Lower Q2 Sales
West Marine Inc., which on June 29 agreed to be acquired by a private equity firm, reported basically flat earnings before charges in the second quarter as fewer markdowns offset a small sales decline.
West Marine Sees A Slight Decline In Q2 Comps
West Marine Inc. reported second quarter 2017 net revenues were $247.2 million, a decrease of 1.7 percent compared to the same period last year. Comparable store sales were down 1.2 percent.
Firearms Checks Tumble In July
U.S. Federal Bureau of Investigation background checks in July fell 25.1 percent to 907,348 compared to 1,210,731 last year, according to adjusted NICS figures from the National Shooting Sports Foundation.
Dick’s Sporting Goods To Open Five New Stores In Three States
The omni-channel sporting goods retailer will be opening two new Dick’s stores and three new Field & Stream stores in the first half of August.
MidOcean And Cannon Safe Acquire Stack-On
MidOcean Partners and Cannon Safe Inc, a maker of home defense safes, have acquired Stack-On Products, an Illinois-based distributor of home safes, gun security products, garage storage and organizational products.
CODI Cash Flow Expands In Q2
Strong EBITDA growth came from its Advanced Circuits, Ergobaby, Manitoba Harvest and 5.11 subsidiaries.
Newell Brands’ Play Segment Sees Modest Q2 Decline
Pro forma core sales declined 1.2 percent as solid growth on Beverages, Coolers and Team Sports was more than offset by a decline on Fishing related to broad retail inventory destocking across specialty and mass retailers and the negative impact of a key retail customer bankruptcy.
Sturm Ruger Sees Q2 Revenues Slide 21.4 Percent
The 53 percent decrease in earnings is attributable to the sales decline, the unfavorable de-leveraging of fixed manufacturing costs due to the decline in production volumes, and the $2.5 million expense related to the recall of Mark IV pistols.
Cabela’s Profits Slide On Steep Revenue Drop
Cabela’s reported net earnings slid 24.9 percent after charges in the second quarter as same-store sales declined 9.3 percent.
