SGB Update Sportsmans
Firearms Background Check Declines Moderate In February
The National Shooting Sports Foundation (NSSF) reported that February 2018 NSSF-adjusted National Instant Criminal Background Check System (NICS) was down 2 percent versus the year ago.
Garmin Selected As Exclusive Marine Electronics Supplier To IBBI
Garmin International, Inc., a unit of Garmin Ltd., announced that is has been selected as the exclusive marine electronics supplier for the Independent Boat Builders, Inc. (IBBI), the industry’s largest purchasing cooperative comprised of a 19-member network of leading boat brands.
Rocky Brands Announces New Share Repurchase Program
Rocky Brands Inc. announced that its board of directors has approved a new share repurchase program of up to $7.5 million of the company’s outstanding common stock.
LL Bean Raises Age To Buy Rifles To 21
L.L. Bean became the latest retailer to announce that it will no longer sell guns or ammunition to customers younger than 21.
REI And MEC Suspend Shipments From Vista Outdoor
Both REI and Canada’s MEC (Mountain Equipment Co-op) late Thursday said they have suspended orders from Vista Outdoor due to the company’s manufacture of semi-automatic rifles. Vista Outdoor’s brands in the outdoor and cycling space include Bell, Blackburn, Bollé, Bushnell, CamelBak, Camp Chef, Giro and Jimmy Styks. CamelBak issued a statement on the changes.
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.
