SGB Update Sportsmans

Target Corp. Boosts FY Sales Guidance as Q1 Comps Return to Growth

Target Corp. hiked its sales outlook for the year after reporting same-store sales in the first quarter grew 5.6  percent, the retailer’s first increase in the key metric in five quarters. Earnings also came in well ahead of analyst expectations and the discounter now sees full-year EPS at the high end of its prior range.

R.L. Winston Rod Company Finds New Owner

R.L. Winston Rod Co., Inc., the maker of Winston Fly Rods, Bauer Fly Reels and Winston Polarized Sunglasses, has been acquired by an entity owned by Montana businessman and fly angler Lance Robertson. Andy Wunsch will continue with the company in the role of president & general manager.

Academy to Open Stores in Pennsylvania and Tennessee

Academy Sports + Outdoors announced plans to open three new stores in the second quarter, including one in Altoona, PA, its third store in Pennsylvania, along with two in Tennessee in North Knoxville and Morristown.

Colt Appoints Head of Marketing

Colt’s Manufacturing Company, LLC appointed Kristin Marlow, formerly at CCW Safe and Staccato, as head of Marketing.

GSI Outdoors Re-Acquired by Founding Siblings

GSI Outdoors was founded by the Scott siblings 41 years ago. After selling the company in 2022 to Pelican International, the Scotts remained closely involved in the brand’s operations. Following a period of corporate restructuring at Pelican over the past year, the family said they saw a path to reacquire the business.

Academy Sports and Outdoors Executes Debt Refinancing

The retailer completed debt refinancing through a private placement of $500 million of 5.875 percent senior secured notes due in 2031 and will redeem its existing 2027 notes and fully repay a $400 million term loan. 

MasterCraft Boat Holdings Completes Acquisition of Marine Products

MasterCraft Boat Holdings, Inc. completed its previously announced acquisition of Marine Products Corp. in a cash-and-stock deal valued at approximately $232 million that will feature the MasterCraft, Chaparral, Robalo, Crest, and Balise boat brands.

Boot Barn’s Q4 Sales Jump 18 Percent

Boot Barn Holdings, Inc. reported earnings in the fiscal fourth quarter ended March 28 grew 18.4 percent as sales grew 18.7 percent, with same-store sales up 6.1 percent. Earnings came in at the high end of company guidance and the western retailer predicted growth in the range of 14 percent to 16 percent for the current fiscal year.

NRF: Retail Sales Climb In April Despite Inflation Pressures

Retail sales rose slightly for the seventh consecutive month in April despite rising gas prices and stubborn inflation, according to the CNBC/NRF Retail Monitor. Sales were up 5.73 percent unadjusted year over year in April, including growth of 8.55 percent in the sporting goods, hobby, music and book stores channel category.