SGB Update Sportsmans

Massimo Group 2024 Revenues Decline as Pontoon Boats Business Sinks
Revenue from sale of UTVs, ATVs and e-bikes increased by 4.0 percent year-over-year while revenue from sales of Pontoon Boats fell 68.0 percent for the year.

Academy Sports + Outdoors Opens 300th Store, Adds Two More States to Mix
The full-line sporting goods and outdoor recreation retailer will add five stores through April, with 20 to 25 stores planned for the fiscal 2025 full year.

Duluth Holdings Board Member to Retire
Francesca Edwardson reportedly informed the company that she had independently decided not to stand for re-election to the company’s Board of Directors at its 2025 Annual Meeting of Shareholders.

Winnebago Industries Cuts FY Guidance Despite Fiscal Q2 Sales and Earnings Beat
The company saw its only positives in the second quarter ended March 1 coming out of the Marine segment where net revenues were up year-over-year, said to be primarily due to unit volume, partially offset by a reduction in ASP per unit related to product mix.

Far Bank Enterprises Taps Red Kulper as Brand Portfolio Marketing Director
Kulper comes to Far Bank after a decade with Shimano North America Fishing where he led marketing and brand and product lifecycle promotion for Shimano, G. Loomis, PowerPro, and Jackall.

Ski-Doo Parent Sharply Narrows Fiscal Q4 Net Loss Despite 20 Percent Revenue Decline
BRP Inc. was still dealing with softer demand in the fiscal 2025 fourth quarter, but the decline in revenues was also exacerbated the company’s objective to reduce network inventory.

RVIA: February RV Shipments Rose 6.0 Percent
RVIA said Towable RVs, led by conventional travel trailers, ended the month up 9.9 percent from last February with 29,642 shipments. Motorhomes finished the month down 20.1 percent year-over-year with 3,229 units.

U.S. Consumer Confidence Down Again in March as Forward Outlook Crashes
The Present Situation Index, based on consumers’ assessment of current business and labor market conditions, decreased 3.6 points to 134.5, a solid score, but the Expectations Index, measuring a six-month outlook, fell to 65.2, the lowest level in 12 years.

Global Ordnance Expands Distribution Network
Through this partnership, Sports South will offer a comprehensive selection of Global Ordnance products, including imported firearms, ammunition for various disciplines and firearm calibers and various shooting accessories including magazines.

KGM Suppressors Adds Midwest Representation
Through this partnership, Covey Sales & Marketing will represent KGM’s full line of suppressors and accessories in the Midwest region, guiding retailers, law enforcement agencies and shooting enthusiasts across the territory.

Barrett Firearms Plans Major Expansion in Tennessee
Barrett Firearms, part of the NIOA Group, headquartered in Murfreesboro, TN, announced plans to build a $76.4 million campus-style industrial campus which will double its workforce over the next five years and meet worldwide demand for its commercial and defense products.

Daniel Defense Appoints New Chief Operating Officer
Daniel Baltzegar brings extensive experience in operations leadership and business transformation, having held executive roles at Aramark, WestRock, and other industry-leading companies.

L.L.Bean is Heading to Florida!
The 17,000-square-foot store will be located at the University Town Center in Sarasota near UTC’s Target, Best Buy and Old Navy. The new Bean location was previously a Bed Bath & Beyond.

Thor Industries Rolls Heartland RV Under Jayco, Inc. Umbrella
The owner of the Airstream, CrossDoads, CruiserRV, Dutchman, Enter, Heartland RV, Highland Ridge RV, Jayco, Keystone, KZ, Starcraft, Thor, Tiffen and Venture RV brands, will make the organizational change over the coming months.

Council To Advance Hunting & Shooting Sports Names Executive Director
Chuck Sykes’ extensive field experience, combined with his formal education, has shaped a career dedicated to advancing responsible natural resource stewardship.