SGB Update Sportsmans
Johnson Outdoors Delivers Record Results In 2017
Johnson Outdoors Inc. announced all-time high revenue and earnings for fiscal 2017. Strong on-going marketplace momentum of new products in the company’s core fishing, diving and camp cook brands drove a 13 percent increase in sales as operating profit grew 99 percent and net income rose 160 percent year-over-year.
American Outdoor Brands Again Cuts Outlook
American Outdoor Brands Corporation, the parent of Smith & Wesson, M&P and Thompson/Center Arms, again reduced its guidance for the year due to ongoing challenges in firearms while reporting sluggish second-quarter results that generally came in line with guidance.
FBI Firearms Checks Sink In November
The National Shooting Sports Foundation (NSSF) reported adjusted NICS (National Instant Criminal Background Check System) checks for November were down 12.3 percent.
Columbia Sportswear Announces New Management Appointments
Columbia Sportswear announced new management appointments within its finance, legal and manufacturing areas.
Zanders Sporting Goods Announces New Sales Manager
Zanders Sporting Goods, a national distributor located in Sparta, IL, has hired Lucas Poston as their new sales manager while promoting Danny Siegler to marketing director.
Camping World Declares Regular, One-time And Special Dividend
Camping World Holdings, the parent of Gander Mountain, announced that its Board of Directors declared a cash dividend of $0.2832 per share on the company’s Class A common stock.
Smith & Wesson Promotes Sue Cupero To Senior Director Of Sales
Smith & Wesson Corp. stated that Sue Cupero has been promoted to the newly created position of senior director of sales for Smith & Wesson.
NRF Finds Robust Holiday Start
From Thanksgiving Day through Cyber Monday, more than 174 million Americans shopped in stores and online during the just-concluded holiday weekend, beating the 164 million estimated shoppers from an earlier survey by the National Retail Federation and Prosper Insights & Analytics.
Maurice Sporting Goods Fetches $39 Million Stalking Horse Bid In Bankruptcy Proceedings
Middleton Partners has agreed to pay $39 million to acquire Maurice Sporting Goods in bankruptcy proceedings. Middleton Partners will service as a stalking horse bidder to support an auction in bankruptcy court in Wilmington, DE.
Lauren Hobart Makes Appearance In Dick’s Holiday Campaign
Lauren Hobart, who was promoted to president of Dick’s Sporting Goods in May, makes an appearance in several executions of Dick’s Sporting Goods’ holiday television commercials.
Moody’s Reduces Remington Outdoor’s Debt Grade
Moody’s Investors Service downgraded Remington Outdoor Company, Inc.’s Corporate Family Rating to Caa1 from B2 due to its weak operating performance and credit metrics, including high leverage. The downgrade also reflects Moody’s expectation that Remington’s operating performance will not meaningfully improve in the next year or two.
Rocky Brands Announces Sale Of Creative Recreation Brand
Rocky Brands Inc. announced the sale of its Creative Recreation brand to a private investment group.
Black Friday Background Checks Soar To Record High
The FBI said it fielded 203,086 background check requests for gun purchases on the day after Thanksgiving — the highest daily total ever.
Cabela’s To Open On Thanksgiving
Cabela’s, which was acquired by Bass Pro on September 25, will be open on Thanksgiving for what appears to be the first time in its history.
Maurice Sporting Goods Files For Bankruptcy, Pursues Sale
Maurice Sporting Goods Inc., one of North America’s largest distributors of outdoor sporting goods, announced that it has reached a definitive agreement to sell its assets to Middleton Partners. To facilitate the transaction, Maurice and its subsidiaries today filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.
